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Latest | Highest rated2009 Market Outlook: I'm Taking the Middle Road [View article]
www.cbsnews.com/video/...
Lenders, Loan Modifications and Coming 'Cram-Downs' [View article]
Meanwhile the banks get many from the government. I think Joe is just looking for his share. The gov could have let this thing take it course, but, when they stepped in, this is what the rest of the US will want, tax papers want their share, if they are paying for it anyway.
Why a Revamped Housing Plan Should Be Government's First Priority [View article]
1. The reason that over half of the modified loans have defaulted is that the lenders are not modifying to help the homeowner, again are only geared to help the lender, in allot of cases the monthly payments have gone up on the so called modified loans ( go to loansafe.org )
2. The low rates are good for the homeowners who are not underwater on their homes. If you have equity( who determines that in a declining market) and you can afford the pmt, you can reffi or sell. The rest do not have that option.
ooops. one more point.
I believe "Walking Away" will be on the rise next year when people realize that they cannot handle the stress any longer and no longer want to put money into a sinking ship (bad investment).
Why a Revamped Housing Plan Should Be Government's First Priority [View article]
1. The reason that over half of the modified loans have defualted is that the lenders are not modifying to help the homeowner, agian are only geared to help the lender, in alot odf cases the monthly payments have gone up on the so called modified loans ( go to loansae.org )
2. The low rates are good for the homwowners who are not underwater on their homes. If you have equity( who determines that in a declining market) and you can aford the pmt, you can rerfi or sell. The rest do not have that option.
ooops. one more point.
I believe "Walking Away" will be on the rise next year when people realize that they cannot handle the stress any no longer want to put money into a sinking ship (bad investment).