Rate my Loan Mod

[CA renter]

TG nailed it.

A $40K loss on five loans is much better than a $20K loss on five hundred.

If your brother gets a principal write-down, then everyone will be demanding them from their lenders, whether or not they need them, and they’d be right to do so.

Your brother should take the deal and run. Nobody owes him a chance to break even or make money on a purchase.

[Huckleberry]

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

[Huckleberry]

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

[Huckleberry]

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

[Huckleberry]

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

[Huckleberry]

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

[no_such_reality]

Walk 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.

[no_such_reality]

Walk 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.

[no_such_reality]

Walk 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.

[no_such_reality]

Walk 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.

[no_such_reality]

Walk 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.

[stansd]

Very 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

[stansd]

Very 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

[stansd]

Very 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

[stansd]

Very 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

[Author]

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