jpinpb wrote:I’m going to

[Coronita]

[quote=jpinpb]I’m going to start drinking too.

Banks get 9 billion to do loan mods[/quote]

So the wildcard is whether the omission in the CNN article about

1) the loan about being within 105% of the market value
2) the loan amount capped to the conforming limits

was an omission by CNN OR has these two conditions been removed from the mod plan….I don’t have an answer to that. If indeed 1 & 2 still stick, it won’t help a lot of CA folks…If on the other hand these aren’t conditions of the mod plan, well game on…

Ok, now my heavy drinking starts.

*edit*

Horray, the 105% rule still applies.

http://finance.yahoo.com/news/6-companies-to-get-99B-under-apf-14938907.html

Yup, this most likely won’t help too much in CA…unless the banks cheat on the appraisals…Now they wouldn’t do that would they?
🙂