[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[jameswenn]

I think the question in the areas you’ve mentioned should be “Are Engineers more bullish about housing?”.

I’ve been around engineering for years, and engineers are smart people, but many have no clue about economics and money.

I currently implement ERP systems, and specialize in finance including payroll. I’ve seen the largest variances in pay amongst engineers. I’ve routinely seen companies where guys doing the same function, 10 years with the company, same job titles, and a group of them will make 70K and another will be at 95K.

[jameswenn]

I think the question in the areas you’ve mentioned should be “Are Engineers more bullish about housing?”.

I’ve been around engineering for years, and engineers are smart people, but many have no clue about economics and money.

I currently implement ERP systems, and specialize in finance including payroll. I’ve seen the largest variances in pay amongst engineers. I’ve routinely seen companies where guys doing the same function, 10 years with the company, same job titles, and a group of them will make 70K and another will be at 95K.

[jameswenn]

I think the question in the areas you’ve mentioned should be “Are Engineers more bullish about housing?”.

I’ve been around engineering for years, and engineers are smart people, but many have no clue about economics and money.

I currently implement ERP systems, and specialize in finance including payroll. I’ve seen the largest variances in pay amongst engineers. I’ve routinely seen companies where guys doing the same function, 10 years with the company, same job titles, and a group of them will make 70K and another will be at 95K.

[jameswenn]

I think the question in the areas you’ve mentioned should be “Are Engineers more bullish about housing?”.

I’ve been around engineering for years, and engineers are smart people, but many have no clue about economics and money.

I currently implement ERP systems, and specialize in finance including payroll. I’ve seen the largest variances in pay amongst engineers. I’ve routinely seen companies where guys doing the same function, 10 years with the company, same job titles, and a group of them will make 70K and another will be at 95K.

[jameswenn]

I think the question in the areas you’ve mentioned should be “Are Engineers more bullish about housing?”.

I’ve been around engineering for years, and engineers are smart people, but many have no clue about economics and money.

I currently implement ERP systems, and specialize in finance including payroll. I’ve seen the largest variances in pay amongst engineers. I’ve routinely seen companies where guys doing the same function, 10 years with the company, same job titles, and a group of them will make 70K and another will be at 95K.

[Author]

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