[contraman]

Nos,

In answer to your question, are they going to be “recourse loans”?

The ones that I am undertaking right now are not recourse. It’s all how you negotiate with the specific lender. It’s all about positioning the file in a favorable way for the borrower and how you do the “principal reduction”.

Having a first and second makes the task easier…..

Concerning the sale of the home for a quick profit, in some instances there will be a profit share on the way up, and in others there are no restrictions.

This is uncharted territory for alot of lenders but they are seeing it makes the most sense for everyone.

All the piggs here that want the housing market to drop should applaud a plan like this here as it will surely put major downward pressure on home values. Good for us waiting for the end to fanstasy home prices….

Sincerely, Contraman

[contraman]

Nos,

In answer to your question, are they going to be “recourse loans”?

The ones that I am undertaking right now are not recourse. It’s all how you negotiate with the specific lender. It’s all about positioning the file in a favorable way for the borrower and how you do the “principal reduction”.

Having a first and second makes the task easier…..

Concerning the sale of the home for a quick profit, in some instances there will be a profit share on the way up, and in others there are no restrictions.

This is uncharted territory for alot of lenders but they are seeing it makes the most sense for everyone.

All the piggs here that want the housing market to drop should applaud a plan like this here as it will surely put major downward pressure on home values. Good for us waiting for the end to fanstasy home prices….

Sincerely, Contraman

[contraman]

Nos,

In answer to your question, are they going to be “recourse loans”?

The ones that I am undertaking right now are not recourse. It’s all how you negotiate with the specific lender. It’s all about positioning the file in a favorable way for the borrower and how you do the “principal reduction”.

Having a first and second makes the task easier…..

Concerning the sale of the home for a quick profit, in some instances there will be a profit share on the way up, and in others there are no restrictions.

This is uncharted territory for alot of lenders but they are seeing it makes the most sense for everyone.

All the piggs here that want the housing market to drop should applaud a plan like this here as it will surely put major downward pressure on home values. Good for us waiting for the end to fanstasy home prices….

Sincerely, Contraman

[contraman]

Nos,

In answer to your question, are they going to be “recourse loans”?

The ones that I am undertaking right now are not recourse. It’s all how you negotiate with the specific lender. It’s all about positioning the file in a favorable way for the borrower and how you do the “principal reduction”.

Having a first and second makes the task easier…..

Concerning the sale of the home for a quick profit, in some instances there will be a profit share on the way up, and in others there are no restrictions.

This is uncharted territory for alot of lenders but they are seeing it makes the most sense for everyone.

All the piggs here that want the housing market to drop should applaud a plan like this here as it will surely put major downward pressure on home values. Good for us waiting for the end to fanstasy home prices….

Sincerely, Contraman

[contraman]

Nos,

In answer to your question, are they going to be “recourse loans”?

The ones that I am undertaking right now are not recourse. It’s all how you negotiate with the specific lender. It’s all about positioning the file in a favorable way for the borrower and how you do the “principal reduction”.

Having a first and second makes the task easier…..

Concerning the sale of the home for a quick profit, in some instances there will be a profit share on the way up, and in others there are no restrictions.

This is uncharted territory for alot of lenders but they are seeing it makes the most sense for everyone.

All the piggs here that want the housing market to drop should applaud a plan like this here as it will surely put major downward pressure on home values. Good for us waiting for the end to fanstasy home prices….

Sincerely, Contraman

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[contraman]

FSD,

The property does not need to be in default. Any Joe can qualify that has the income to support the new mortgage payment at a reasonable DTI. Should get interesting here as you would have to expect ANYONE who is upside down will be doing this here if available.

I am doing a few here for clients as we speak but am sending the majority of them to a company that specializes in them and knows exactly how to position the files…as they have a referral and affiliate program with brokers.

Alot easier for me as it can be a tedious process working with the lender.

Sincerely, Contraman

[contraman]

Bob, There are people beginning to look at this option as the market continues to decline. I know several people who are working with a firm called HOMEFREEME out of San Diego. Web: http://www.homefreeme.com.

They are cheaper than youwalkaway and offer more services and features. Check them out here.

Jon Maddux, As a pig member here for over a year who has posted numerous times, I think it inappopriate for a company to post to try to solicit business. Don't troll around here and advertise your service especially when HOMEFREEME clearly blows you guys out of the water..

Sincerely, Contraman

[contraman]

Bob, There are people beginning to look at this option as the market continues to decline. I know several people who are working with a firm called HOMEFREEME out of San Diego. Web: http://www.homefreeme.com.

They are cheaper than youwalkaway and offer more services and features. Check them out here.

Jon Maddux, As a pig member here for over a year who has posted numerous times, I think it inappopriate for a company to post to try to solicit business. Don't troll around here and advertise your service especially when HOMEFREEME clearly blows you guys out of the water..

Sincerely, Contraman

[contraman]

Bob, There are people beginning to look at this option as the market continues to decline. I know several people who are working with a firm called HOMEFREEME out of San Diego. Web: http://www.homefreeme.com.

They are cheaper than youwalkaway and offer more services and features. Check them out here.

Jon Maddux, As a pig member here for over a year who has posted numerous times, I think it inappopriate for a company to post to try to solicit business. Don't troll around here and advertise your service especially when HOMEFREEME clearly blows you guys out of the water..

Sincerely, Contraman

[contraman]

Bob, There are people beginning to look at this option as the market continues to decline. I know several people who are working with a firm called HOMEFREEME out of San Diego. Web: http://www.homefreeme.com.

They are cheaper than youwalkaway and offer more services and features. Check them out here.

Jon Maddux, As a pig member here for over a year who has posted numerous times, I think it inappopriate for a company to post to try to solicit business. Don't troll around here and advertise your service especially when HOMEFREEME clearly blows you guys out of the water..

Sincerely, Contraman

[contraman]

Bob, There are people beginning to look at this option as the market continues to decline. I know several people who are working with a firm called HOMEFREEME out of San Diego. Web: http://www.homefreeme.com.

They are cheaper than youwalkaway and offer more services and features. Check them out here.

Jon Maddux, As a pig member here for over a year who has posted numerous times, I think it inappopriate for a company to post to try to solicit business. Don't troll around here and advertise your service especially when HOMEFREEME clearly blows you guys out of the water..

Sincerely, Contraman

[Author]

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