- This topic has 35 replies, 7 voices, and was last updated 15 years, 5 months ago by moneymaker.
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July 18, 2009 at 1:04 AM #433742July 18, 2009 at 6:35 AM #434004HuckleberryParticipant
Personally, I’m very happy to hear they won’t give him a principal write down!
I’m still hoping with all my might that the banks don’t just start handing out free money (write downs), which are my tax dollars!!!
You can read at the below URL, banks aren’t doing write downs, which thrills me to death! It allows the free market system more ability to work correctly…
http://effectivedemand.blogspot.com/2009/06/california-loan-modifications-update.html
July 18, 2009 at 6:35 AM #433838HuckleberryParticipantPersonally, I’m very happy to hear they won’t give him a principal write down!
I’m still hoping with all my might that the banks don’t just start handing out free money (write downs), which are my tax dollars!!!
You can read at the below URL, banks aren’t doing write downs, which thrills me to death! It allows the free market system more ability to work correctly…
http://effectivedemand.blogspot.com/2009/06/california-loan-modifications-update.html
July 18, 2009 at 6:35 AM #433766HuckleberryParticipantPersonally, I’m very happy to hear they won’t give him a principal write down!
I’m still hoping with all my might that the banks don’t just start handing out free money (write downs), which are my tax dollars!!!
You can read at the below URL, banks aren’t doing write downs, which thrills me to death! It allows the free market system more ability to work correctly…
http://effectivedemand.blogspot.com/2009/06/california-loan-modifications-update.html
July 18, 2009 at 6:35 AM #433465HuckleberryParticipantPersonally, I’m very happy to hear they won’t give him a principal write down!
I’m still hoping with all my might that the banks don’t just start handing out free money (write downs), which are my tax dollars!!!
You can read at the below URL, banks aren’t doing write downs, which thrills me to death! It allows the free market system more ability to work correctly…
http://effectivedemand.blogspot.com/2009/06/california-loan-modifications-update.html
July 18, 2009 at 6:35 AM #433259HuckleberryParticipantPersonally, I’m very happy to hear they won’t give him a principal write down!
I’m still hoping with all my might that the banks don’t just start handing out free money (write downs), which are my tax dollars!!!
You can read at the below URL, banks aren’t doing write downs, which thrills me to death! It allows the free market system more ability to work correctly…
http://effectivedemand.blogspot.com/2009/06/california-loan-modifications-update.html
July 18, 2009 at 7:36 AM #433776no_such_realityParticipantWalk now or be priced in forever…
Frankly, that’s what scares me the most about the mortgage mods. They are locking housing up of the market for a decade.
The people can rent it (unless it’s prohibited in the mod) but they can’t afford to sell it until the purchase price returns. That is bad.
July 18, 2009 at 7:36 AM #433475no_such_realityParticipantWalk now or be priced in forever…
Frankly, that’s what scares me the most about the mortgage mods. They are locking housing up of the market for a decade.
The people can rent it (unless it’s prohibited in the mod) but they can’t afford to sell it until the purchase price returns. That is bad.
July 18, 2009 at 7:36 AM #433848no_such_realityParticipantWalk now or be priced in forever…
Frankly, that’s what scares me the most about the mortgage mods. They are locking housing up of the market for a decade.
The people can rent it (unless it’s prohibited in the mod) but they can’t afford to sell it until the purchase price returns. That is bad.
July 18, 2009 at 7:36 AM #434014no_such_realityParticipantWalk now or be priced in forever…
Frankly, that’s what scares me the most about the mortgage mods. They are locking housing up of the market for a decade.
The people can rent it (unless it’s prohibited in the mod) but they can’t afford to sell it until the purchase price returns. That is bad.
July 18, 2009 at 7:36 AM #433267no_such_realityParticipantWalk now or be priced in forever…
Frankly, that’s what scares me the most about the mortgage mods. They are locking housing up of the market for a decade.
The people can rent it (unless it’s prohibited in the mod) but they can’t afford to sell it until the purchase price returns. That is bad.
July 18, 2009 at 10:06 AM #433563stansdParticipantVery good info. Thank you all. I had no idea principal right downs were so rare.
Any other thoughts on interest rate, etc. are welcome. The other nut to crack is how to insure countrywide steps out.
Stan
July 18, 2009 at 10:06 AM #433871stansdParticipantVery good info. Thank you all. I had no idea principal right downs were so rare.
Any other thoughts on interest rate, etc. are welcome. The other nut to crack is how to insure countrywide steps out.
Stan
July 18, 2009 at 10:06 AM #434107stansdParticipantVery good info. Thank you all. I had no idea principal right downs were so rare.
Any other thoughts on interest rate, etc. are welcome. The other nut to crack is how to insure countrywide steps out.
Stan
July 18, 2009 at 10:06 AM #433942stansdParticipantVery good info. Thank you all. I had no idea principal right downs were so rare.
Any other thoughts on interest rate, etc. are welcome. The other nut to crack is how to insure countrywide steps out.
Stan
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