[GoUSC]

Our offer is actually all-cash so loan type won’t make a difference. We are then going to put financing on it.

Our reasoning behind the FHA structure is that I am of the opinion that cash is king, especially right now. The FHA loan is cheap money and the overall costs are minimal. If my fiancee gets the bonus she is expecting this year then we would use it to pay down the loan to less than 80% LTV and get rid of the insurance cost.

I have heard the interest rate is very close if not the same to traditional financing.

FYI the game plan is to hold the house for a few years then rent it out and buy our next house. Of course that all depends on where the market goes, where our jobs go, etc.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

My frustration is that I feel priced out of a market because of fraudsters and people with no ethics. And on top of that the Government is coming in and saying that’s okay we’ll bail you out. Meanwhile both myself and fiancee are the highest tax bracket so you better believe over the next decade or more we’ll be paying the brunt of the cost of this. Not to mention with school debt and the cost of liing in Southern California we certainly don’t feel rich by any means.

I just feel like the system is gamed way beyond anything I can compete with.

[GoUSC]

My frustration is that I feel priced out of a market because of fraudsters and people with no ethics. And on top of that the Government is coming in and saying that’s okay we’ll bail you out. Meanwhile both myself and fiancee are the highest tax bracket so you better believe over the next decade or more we’ll be paying the brunt of the cost of this. Not to mention with school debt and the cost of liing in Southern California we certainly don’t feel rich by any means.

I just feel like the system is gamed way beyond anything I can compete with.

[GoUSC]

My frustration is that I feel priced out of a market because of fraudsters and people with no ethics. And on top of that the Government is coming in and saying that’s okay we’ll bail you out. Meanwhile both myself and fiancee are the highest tax bracket so you better believe over the next decade or more we’ll be paying the brunt of the cost of this. Not to mention with school debt and the cost of liing in Southern California we certainly don’t feel rich by any means.

I just feel like the system is gamed way beyond anything I can compete with.

[GoUSC]

My frustration is that I feel priced out of a market because of fraudsters and people with no ethics. And on top of that the Government is coming in and saying that’s okay we’ll bail you out. Meanwhile both myself and fiancee are the highest tax bracket so you better believe over the next decade or more we’ll be paying the brunt of the cost of this. Not to mention with school debt and the cost of liing in Southern California we certainly don’t feel rich by any means.

I just feel like the system is gamed way beyond anything I can compete with.

[GoUSC]

My frustration is that I feel priced out of a market because of fraudsters and people with no ethics. And on top of that the Government is coming in and saying that’s okay we’ll bail you out. Meanwhile both myself and fiancee are the highest tax bracket so you better believe over the next decade or more we’ll be paying the brunt of the cost of this. Not to mention with school debt and the cost of liing in Southern California we certainly don’t feel rich by any means.

I just feel like the system is gamed way beyond anything I can compete with.

[GoUSC]

Can we just stop with the putting a certain political party in one bucket and the other in another. I consider myself conservative but certainly don’t subscribe to the “Rich GOOD Poor Bad” philosophy. I do however subscribe to the _FACT_ that corporations and owners of the corporations create jobs that employee those who make less money.

To answer your point though…why should the bank help Bob if he actually has the money in hand. In fact why should Bob even consider keeping his house if the only way he can is by divesting his 401k.

If you can no longer afford your house…then you can no longer afford it. A certain percentage of people should be renters…and might always be renters. That is just the way it goes.

The fact is 99% of the people out there getting loan mods should not be getting them. Fact many go right back into default months down the road. Fact it prevents the adjustment is prices that NEEDS to happen for the housing market to move forward. FACT it just is creating a nation of people living in debt prison for the next 30 years of their lives.

[GoUSC]

Can we just stop with the putting a certain political party in one bucket and the other in another. I consider myself conservative but certainly don’t subscribe to the “Rich GOOD Poor Bad” philosophy. I do however subscribe to the _FACT_ that corporations and owners of the corporations create jobs that employee those who make less money.

To answer your point though…why should the bank help Bob if he actually has the money in hand. In fact why should Bob even consider keeping his house if the only way he can is by divesting his 401k.

If you can no longer afford your house…then you can no longer afford it. A certain percentage of people should be renters…and might always be renters. That is just the way it goes.

The fact is 99% of the people out there getting loan mods should not be getting them. Fact many go right back into default months down the road. Fact it prevents the adjustment is prices that NEEDS to happen for the housing market to move forward. FACT it just is creating a nation of people living in debt prison for the next 30 years of their lives.

[GoUSC]

Can we just stop with the putting a certain political party in one bucket and the other in another. I consider myself conservative but certainly don’t subscribe to the “Rich GOOD Poor Bad” philosophy. I do however subscribe to the _FACT_ that corporations and owners of the corporations create jobs that employee those who make less money.

To answer your point though…why should the bank help Bob if he actually has the money in hand. In fact why should Bob even consider keeping his house if the only way he can is by divesting his 401k.

If you can no longer afford your house…then you can no longer afford it. A certain percentage of people should be renters…and might always be renters. That is just the way it goes.

The fact is 99% of the people out there getting loan mods should not be getting them. Fact many go right back into default months down the road. Fact it prevents the adjustment is prices that NEEDS to happen for the housing market to move forward. FACT it just is creating a nation of people living in debt prison for the next 30 years of their lives.

[GoUSC]

Can we just stop with the putting a certain political party in one bucket and the other in another. I consider myself conservative but certainly don’t subscribe to the “Rich GOOD Poor Bad” philosophy. I do however subscribe to the _FACT_ that corporations and owners of the corporations create jobs that employee those who make less money.

To answer your point though…why should the bank help Bob if he actually has the money in hand. In fact why should Bob even consider keeping his house if the only way he can is by divesting his 401k.

If you can no longer afford your house…then you can no longer afford it. A certain percentage of people should be renters…and might always be renters. That is just the way it goes.

The fact is 99% of the people out there getting loan mods should not be getting them. Fact many go right back into default months down the road. Fact it prevents the adjustment is prices that NEEDS to happen for the housing market to move forward. FACT it just is creating a nation of people living in debt prison for the next 30 years of their lives.

[Author]

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