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  • January 25, 2009 at 9:54 PM #336568
    Multiplepropertyowner
    Participant

    Most of the mods I have seen are a temporary fix. In regard to my example it is a benefit for the owner to have $7,200 per year in mortgage savings for five years. In the end it is a lifeline to get them through. Not sure if any govt. money is used for this mod.

    January 26, 2009 at 12:45 AM #336089
    zzz
    Participant

    padrebrian, can you share the details?

    January 26, 2009 at 12:45 AM #336419
    zzz
    Participant

    padrebrian, can you share the details?

    January 26, 2009 at 12:45 AM #336507
    zzz
    Participant

    padrebrian, can you share the details?

    January 26, 2009 at 12:45 AM #336536
    zzz
    Participant

    padrebrian, can you share the details?

    January 26, 2009 at 12:45 AM #336623
    zzz
    Participant

    padrebrian, can you share the details?

    January 26, 2009 at 2:18 PM #336535
    cr
    Participant

    All things considered I was with Battiata until he said this:

    “you gotta bring states income loans back…”

    Riiiight…because those were never a problem.

    January 26, 2009 at 2:18 PM #336864
    cr
    Participant

    All things considered I was with Battiata until he said this:

    “you gotta bring states income loans back…”

    Riiiight…because those were never a problem.

    January 26, 2009 at 2:18 PM #336951
    cr
    Participant

    All things considered I was with Battiata until he said this:

    “you gotta bring states income loans back…”

    Riiiight…because those were never a problem.

    January 26, 2009 at 2:18 PM #336980
    cr
    Participant

    All things considered I was with Battiata until he said this:

    “you gotta bring states income loans back…”

    Riiiight…because those were never a problem.

    January 26, 2009 at 2:18 PM #337069
    cr
    Participant

    All things considered I was with Battiata until he said this:

    “you gotta bring states income loans back…”

    Riiiight…because those were never a problem.

    January 27, 2009 at 12:45 AM #336876
    DWCAP
    Participant

    Did I hear that he thinks 4.5-5% interest rates are too low? How much lower does he want these rates to go? And stated income loans? really? The problem is people cant actually document their income? Stated income got the nickname “liar loans” for a reason, and it wasnt becuase the people who traditionally got these loans have the last name of “Liar”.

    The problem is that prices are unaffordable to the majority of buyers who would usually buy a given house (ie houses in the ghetto are not being bought by CEO’s). The Government and all the RE chearleaders can run around like idiots all they want, it doesnt make that any less true. When prices get back in line with fundamentals for the area, then this Crisis will solve itself.

    And I am sorry, but what is some woman doing paying 97% of her monthly income to own a 700sqft LaJolla condo? Seriously?

    January 27, 2009 at 12:45 AM #337206
    DWCAP
    Participant

    Did I hear that he thinks 4.5-5% interest rates are too low? How much lower does he want these rates to go? And stated income loans? really? The problem is people cant actually document their income? Stated income got the nickname “liar loans” for a reason, and it wasnt becuase the people who traditionally got these loans have the last name of “Liar”.

    The problem is that prices are unaffordable to the majority of buyers who would usually buy a given house (ie houses in the ghetto are not being bought by CEO’s). The Government and all the RE chearleaders can run around like idiots all they want, it doesnt make that any less true. When prices get back in line with fundamentals for the area, then this Crisis will solve itself.

    And I am sorry, but what is some woman doing paying 97% of her monthly income to own a 700sqft LaJolla condo? Seriously?

    January 27, 2009 at 12:45 AM #337295
    DWCAP
    Participant

    Did I hear that he thinks 4.5-5% interest rates are too low? How much lower does he want these rates to go? And stated income loans? really? The problem is people cant actually document their income? Stated income got the nickname “liar loans” for a reason, and it wasnt becuase the people who traditionally got these loans have the last name of “Liar”.

    The problem is that prices are unaffordable to the majority of buyers who would usually buy a given house (ie houses in the ghetto are not being bought by CEO’s). The Government and all the RE chearleaders can run around like idiots all they want, it doesnt make that any less true. When prices get back in line with fundamentals for the area, then this Crisis will solve itself.

    And I am sorry, but what is some woman doing paying 97% of her monthly income to own a 700sqft LaJolla condo? Seriously?

    January 27, 2009 at 12:45 AM #337321
    DWCAP
    Participant

    Did I hear that he thinks 4.5-5% interest rates are too low? How much lower does he want these rates to go? And stated income loans? really? The problem is people cant actually document their income? Stated income got the nickname “liar loans” for a reason, and it wasnt becuase the people who traditionally got these loans have the last name of “Liar”.

    The problem is that prices are unaffordable to the majority of buyers who would usually buy a given house (ie houses in the ghetto are not being bought by CEO’s). The Government and all the RE chearleaders can run around like idiots all they want, it doesnt make that any less true. When prices get back in line with fundamentals for the area, then this Crisis will solve itself.

    And I am sorry, but what is some woman doing paying 97% of her monthly income to own a 700sqft LaJolla condo? Seriously?

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