[JWM in SD]

JWM in SD

Here is my opinion on the conforming loan limits. I would actually support it IF THE FOLLOWING WERE TRUE:
-The lenders / investors were forced to eat the difference from the workout (Loan value versus new appraisal value) and take the “CramDown” as Tanta likes to call it.

-The new Gov backed principal balance would need to be less than the Upper Conforming Limit.

Yes, a lot of FBs would get to stay in their stucco box if that is truly what they want to do (otherwise, just walk away right?). However, this would cause a very fast decline in home prices to a market value while keeping FBs happy.

Thoughts?

[JWM in SD]

JWM in SD

Here is my opinion on the conforming loan limits. I would actually support it IF THE FOLLOWING WERE TRUE:
-The lenders / investors were forced to eat the difference from the workout (Loan value versus new appraisal value) and take the “CramDown” as Tanta likes to call it.

-The new Gov backed principal balance would need to be less than the Upper Conforming Limit.

Yes, a lot of FBs would get to stay in their stucco box if that is truly what they want to do (otherwise, just walk away right?). However, this would cause a very fast decline in home prices to a market value while keeping FBs happy.

Thoughts?

[JWM in SD]

JWM in SD

Here is my opinion on the conforming loan limits. I would actually support it IF THE FOLLOWING WERE TRUE:
-The lenders / investors were forced to eat the difference from the workout (Loan value versus new appraisal value) and take the “CramDown” as Tanta likes to call it.

-The new Gov backed principal balance would need to be less than the Upper Conforming Limit.

Yes, a lot of FBs would get to stay in their stucco box if that is truly what they want to do (otherwise, just walk away right?). However, this would cause a very fast decline in home prices to a market value while keeping FBs happy.

Thoughts?

[JWM in SD]

JWM in SD

Here is my opinion on the conforming loan limits. I would actually support it IF THE FOLLOWING WERE TRUE:
-The lenders / investors were forced to eat the difference from the workout (Loan value versus new appraisal value) and take the “CramDown” as Tanta likes to call it.

-The new Gov backed principal balance would need to be less than the Upper Conforming Limit.

Yes, a lot of FBs would get to stay in their stucco box if that is truly what they want to do (otherwise, just walk away right?). However, this would cause a very fast decline in home prices to a market value while keeping FBs happy.

Thoughts?

[JWM in SD]

JWM in SD

Here is my opinion on the conforming loan limits. I would actually support it IF THE FOLLOWING WERE TRUE:
-The lenders / investors were forced to eat the difference from the workout (Loan value versus new appraisal value) and take the “CramDown” as Tanta likes to call it.

-The new Gov backed principal balance would need to be less than the Upper Conforming Limit.

Yes, a lot of FBs would get to stay in their stucco box if that is truly what they want to do (otherwise, just walk away right?). However, this would cause a very fast decline in home prices to a market value while keeping FBs happy.

Thoughts?

[JWM in SD]

JWM in SD

“SD Realtor – If these terms are true, I need you to help me find a place so I can jump on this train. B/c if they’re still trying to squeeze juice out of this, then I’m done waiting.”

Hand, meet Knife. Knife, meet hand.

Go for it dude…but don’t come back here like so many others asking advice on how to ditch your home when it goes upside down.

[JWM in SD]

JWM in SD

“SD Realtor – If these terms are true, I need you to help me find a place so I can jump on this train. B/c if they’re still trying to squeeze juice out of this, then I’m done waiting.”

Hand, meet Knife. Knife, meet hand.

Go for it dude…but don’t come back here like so many others asking advice on how to ditch your home when it goes upside down.

[JWM in SD]

JWM in SD

“SD Realtor – If these terms are true, I need you to help me find a place so I can jump on this train. B/c if they’re still trying to squeeze juice out of this, then I’m done waiting.”

Hand, meet Knife. Knife, meet hand.

Go for it dude…but don’t come back here like so many others asking advice on how to ditch your home when it goes upside down.

[JWM in SD]

JWM in SD

“SD Realtor – If these terms are true, I need you to help me find a place so I can jump on this train. B/c if they’re still trying to squeeze juice out of this, then I’m done waiting.”

Hand, meet Knife. Knife, meet hand.

Go for it dude…but don’t come back here like so many others asking advice on how to ditch your home when it goes upside down.

[JWM in SD]

JWM in SD

“SD Realtor – If these terms are true, I need you to help me find a place so I can jump on this train. B/c if they’re still trying to squeeze juice out of this, then I’m done waiting.”

Hand, meet Knife. Knife, meet hand.

Go for it dude…but don’t come back here like so many others asking advice on how to ditch your home when it goes upside down.

[JWM in SD]

JWM in SD

Hey Karl, thanks for stopping by 😉

[JWM in SD]

JWM in SD

Hey Karl, thanks for stopping by 😉

[JWM in SD]

JWM in SD

Hey Karl, thanks for stopping by 😉

[JWM in SD]

JWM in SD

Hey Karl, thanks for stopping by 😉

[JWM in SD]

JWM in SD

Hey Karl, thanks for stopping by 😉

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