- This topic has 245 replies, 21 voices, and was last updated 15 years, 11 months ago by
NicMM.
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May 8, 2008 at 7:37 AM #201285May 8, 2008 at 7:50 AM #201169
capeman
ParticipantNice, extract more fees with a 90% LTV then when the value drops the now expected further 10% in the coming months will there be another principal forgiveness? Why do I feel my paycheck getting lighter at expense to this?
Nobody should be advocating home buying in this environment outside short of 30% down payment. We taxpayers will be paying for it!
May 8, 2008 at 7:50 AM #201213capeman
ParticipantNice, extract more fees with a 90% LTV then when the value drops the now expected further 10% in the coming months will there be another principal forgiveness? Why do I feel my paycheck getting lighter at expense to this?
Nobody should be advocating home buying in this environment outside short of 30% down payment. We taxpayers will be paying for it!
May 8, 2008 at 7:50 AM #201242capeman
ParticipantNice, extract more fees with a 90% LTV then when the value drops the now expected further 10% in the coming months will there be another principal forgiveness? Why do I feel my paycheck getting lighter at expense to this?
Nobody should be advocating home buying in this environment outside short of 30% down payment. We taxpayers will be paying for it!
May 8, 2008 at 7:50 AM #201266capeman
ParticipantNice, extract more fees with a 90% LTV then when the value drops the now expected further 10% in the coming months will there be another principal forgiveness? Why do I feel my paycheck getting lighter at expense to this?
Nobody should be advocating home buying in this environment outside short of 30% down payment. We taxpayers will be paying for it!
May 8, 2008 at 7:50 AM #201300capeman
ParticipantNice, extract more fees with a 90% LTV then when the value drops the now expected further 10% in the coming months will there be another principal forgiveness? Why do I feel my paycheck getting lighter at expense to this?
Nobody should be advocating home buying in this environment outside short of 30% down payment. We taxpayers will be paying for it!
May 8, 2008 at 8:52 AM #201209contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201253contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201281contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201307contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201340contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201214contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201258contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201287contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
May 8, 2008 at 8:52 AM #201312contraman
ParticipantRoughtrader,
FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
Sincerely, Contraman
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