[quote=scaredycat]if i were the homeowner, I wouldn’t agree to tell the bank anything. the house is worth what it’s worth. if the loan mod is int he best interest of the bank, it’s a good deal for them if I’m a millionaire or just a working guy able tomake the payment. i shouldn’t have to kick in more just cause i have cash. screw the bank. nobody should disclose! it’s similar to a seller asking to see my bank acct/401k accounts to figure out whatt he selling price should be, for me. I say, whatever price it’s modified to has no relation to how much i can pay. caveat. im (barely) thinking as im typing and have no idea whether this makes sense.[/quote]
Fine, then no new reduced loan on the backs of the US tax payer.
Though I agree with scaredycat. A similar scenario is “I own 50 homes and I want to buy another one,why should I tell the bank about my other assets when it’s plain to see that I can obviously afford house #51”. It all boils down to “banks want what they can get”.
Though I agree with scaredycat. A similar scenario is “I own 50 homes and I want to buy another one,why should I tell the bank about my other assets when it’s plain to see that I can obviously afford house #51”. It all boils down to “banks want what they can get”.
Though I agree with scaredycat. A similar scenario is “I own 50 homes and I want to buy another one,why should I tell the bank about my other assets when it’s plain to see that I can obviously afford house #51”. It all boils down to “banks want what they can get”.
Though I agree with scaredycat. A similar scenario is “I own 50 homes and I want to buy another one,why should I tell the bank about my other assets when it’s plain to see that I can obviously afford house #51”. It all boils down to “banks want what they can get”.
Though I agree with scaredycat. A similar scenario is “I own 50 homes and I want to buy another one,why should I tell the bank about my other assets when it’s plain to see that I can obviously afford house #51”. It all boils down to “banks want what they can get”.
