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January 25, 2009 at 8:30 AM #335896January 25, 2009 at 8:51 AM #335397
NotCranky
ParticipantYesterday, I talked with a man who has gotten six loan mods! He said one of his rates is 3% fixed for 5 years. Some of them had a combination of a lower rate and the loan getting pushed out to 40 years. He said the lenders knew they were not owner occupied. I think none of the balances were reduced.He has no clauses to share profits if he ever makes one. The combination of properties, which, he bought in the bubble, cash flow for now.
Don’t shoot the messenger.
January 25, 2009 at 8:51 AM #335724ParticipantYesterday, I talked with a man who has gotten six loan mods! He said one of his rates is 3% fixed for 5 years. Some of them had a combination of a lower rate and the loan getting pushed out to 40 years. He said the lenders knew they were not owner occupied. I think none of the balances were reduced.He has no clauses to share profits if he ever makes one. The combination of properties, which, he bought in the bubble, cash flow for now.
Don’t shoot the messenger.
January 25, 2009 at 8:51 AM #335811ParticipantYesterday, I talked with a man who has gotten six loan mods! He said one of his rates is 3% fixed for 5 years. Some of them had a combination of a lower rate and the loan getting pushed out to 40 years. He said the lenders knew they were not owner occupied. I think none of the balances were reduced.He has no clauses to share profits if he ever makes one. The combination of properties, which, he bought in the bubble, cash flow for now.
Don’t shoot the messenger.
January 25, 2009 at 8:51 AM #335839ParticipantYesterday, I talked with a man who has gotten six loan mods! He said one of his rates is 3% fixed for 5 years. Some of them had a combination of a lower rate and the loan getting pushed out to 40 years. He said the lenders knew they were not owner occupied. I think none of the balances were reduced.He has no clauses to share profits if he ever makes one. The combination of properties, which, he bought in the bubble, cash flow for now.
Don’t shoot the messenger.
January 25, 2009 at 8:51 AM #335925ParticipantYesterday, I talked with a man who has gotten six loan mods! He said one of his rates is 3% fixed for 5 years. Some of them had a combination of a lower rate and the loan getting pushed out to 40 years. He said the lenders knew they were not owner occupied. I think none of the balances were reduced.He has no clauses to share profits if he ever makes one. The combination of properties, which, he bought in the bubble, cash flow for now.
Don’t shoot the messenger.
January 25, 2009 at 9:08 AM #335411Multiplepropertyowner
ParticipantI actually heard about the guy with 6 loan mods. My friend is his financial planner if it is the same guy. The classic thing is that I heard that they were now cash flowing. It really is a jacked system. If you are trying to get a loan or a refi, you can’t, but if you are defaulting you get a refi for $100. Right or wrong it is legal, and if you are being honest then you are foolish not to use the tools available.
January 25, 2009 at 9:08 AM #335739ParticipantI actually heard about the guy with 6 loan mods. My friend is his financial planner if it is the same guy. The classic thing is that I heard that they were now cash flowing. It really is a jacked system. If you are trying to get a loan or a refi, you can’t, but if you are defaulting you get a refi for $100. Right or wrong it is legal, and if you are being honest then you are foolish not to use the tools available.
January 25, 2009 at 9:08 AM #335826ParticipantI actually heard about the guy with 6 loan mods. My friend is his financial planner if it is the same guy. The classic thing is that I heard that they were now cash flowing. It really is a jacked system. If you are trying to get a loan or a refi, you can’t, but if you are defaulting you get a refi for $100. Right or wrong it is legal, and if you are being honest then you are foolish not to use the tools available.
January 25, 2009 at 9:08 AM #335854ParticipantI actually heard about the guy with 6 loan mods. My friend is his financial planner if it is the same guy. The classic thing is that I heard that they were now cash flowing. It really is a jacked system. If you are trying to get a loan or a refi, you can’t, but if you are defaulting you get a refi for $100. Right or wrong it is legal, and if you are being honest then you are foolish not to use the tools available.
January 25, 2009 at 9:08 AM #335940ParticipantI actually heard about the guy with 6 loan mods. My friend is his financial planner if it is the same guy. The classic thing is that I heard that they were now cash flowing. It really is a jacked system. If you are trying to get a loan or a refi, you can’t, but if you are defaulting you get a refi for $100. Right or wrong it is legal, and if you are being honest then you are foolish not to use the tools available.
January 25, 2009 at 9:24 AM #335416PadreBrian
Participantyou heard wrong. you can get a mod even if you are 100% on time. You just need to document your real income.
January 25, 2009 at 9:24 AM #335744Participantyou heard wrong. you can get a mod even if you are 100% on time. You just need to document your real income.
January 25, 2009 at 9:24 AM #335831Participantyou heard wrong. you can get a mod even if you are 100% on time. You just need to document your real income.
January 25, 2009 at 9:24 AM #335859Participantyou heard wrong. you can get a mod even if you are 100% on time. You just need to document your real income.
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