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November 8, 2010 at 11:31 AM in reply to: UT: Some blame foreclosures on mortgage modification #628060November 8, 2010 at 11:31 AM in reply to: UT: Some blame foreclosures on mortgage modification #628627
meadandale
Participant[quote=flu]Did any really think these loan mods wouldn’t have strings attached?[/quote]
I could see doing a good faith mod if you bought a house and the house had significantly declined in value since you bought and you still had the original loan.
However, anyone who either got a stupid loan (e.g. 3 year ARM that they could barely afford and who was depending on home appreciation) or who took money out of the house either to pay bills, buy stuff or invest in additional real estate…sorry.
We shouldn’t reward greed and/or stupidity. Which is the same reason that I don’t think we should have bailed out wall street either.
November 8, 2010 at 11:31 AM in reply to: UT: Some blame foreclosures on mortgage modification #628754meadandale
Participant[quote=flu]Did any really think these loan mods wouldn’t have strings attached?[/quote]
I could see doing a good faith mod if you bought a house and the house had significantly declined in value since you bought and you still had the original loan.
However, anyone who either got a stupid loan (e.g. 3 year ARM that they could barely afford and who was depending on home appreciation) or who took money out of the house either to pay bills, buy stuff or invest in additional real estate…sorry.
We shouldn’t reward greed and/or stupidity. Which is the same reason that I don’t think we should have bailed out wall street either.
November 8, 2010 at 11:31 AM in reply to: UT: Some blame foreclosures on mortgage modification #629070meadandale
Participant[quote=flu]Did any really think these loan mods wouldn’t have strings attached?[/quote]
I could see doing a good faith mod if you bought a house and the house had significantly declined in value since you bought and you still had the original loan.
However, anyone who either got a stupid loan (e.g. 3 year ARM that they could barely afford and who was depending on home appreciation) or who took money out of the house either to pay bills, buy stuff or invest in additional real estate…sorry.
We shouldn’t reward greed and/or stupidity. Which is the same reason that I don’t think we should have bailed out wall street either.
November 8, 2010 at 9:34 AM in reply to: UT: Some blame foreclosures on mortgage modification #627913meadandale
ParticipantCasco said his monthly mortgage payments to Washington Mutual Inc. went up to $2,765 when he refinanced his home in 2006 to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate.
Why do these stories always focus on the ‘poor individual’ who used their house as an ATM?
No sympathy…
November 8, 2010 at 9:34 AM in reply to: UT: Some blame foreclosures on mortgage modification #627988meadandale
ParticipantCasco said his monthly mortgage payments to Washington Mutual Inc. went up to $2,765 when he refinanced his home in 2006 to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate.
Why do these stories always focus on the ‘poor individual’ who used their house as an ATM?
No sympathy…
November 8, 2010 at 9:34 AM in reply to: UT: Some blame foreclosures on mortgage modification #628552meadandale
ParticipantCasco said his monthly mortgage payments to Washington Mutual Inc. went up to $2,765 when he refinanced his home in 2006 to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate.
Why do these stories always focus on the ‘poor individual’ who used their house as an ATM?
No sympathy…
November 8, 2010 at 9:34 AM in reply to: UT: Some blame foreclosures on mortgage modification #628679meadandale
ParticipantCasco said his monthly mortgage payments to Washington Mutual Inc. went up to $2,765 when he refinanced his home in 2006 to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate.
Why do these stories always focus on the ‘poor individual’ who used their house as an ATM?
No sympathy…
November 8, 2010 at 9:34 AM in reply to: UT: Some blame foreclosures on mortgage modification #628995meadandale
ParticipantCasco said his monthly mortgage payments to Washington Mutual Inc. went up to $2,765 when he refinanced his home in 2006 to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate.
Why do these stories always focus on the ‘poor individual’ who used their house as an ATM?
No sympathy…
meadandale
Participant[quote=briansd1]
Progressives are much more nuanced in their approach to politics and less prone to one liners.[/quote]One liners like “The Republican’s health care plan is if you get sick, die quick”? Oh yeah, the progressives are very nuanced.
meadandale
Participant[quote=briansd1]
Progressives are much more nuanced in their approach to politics and less prone to one liners.[/quote]One liners like “The Republican’s health care plan is if you get sick, die quick”? Oh yeah, the progressives are very nuanced.
meadandale
Participant[quote=briansd1]
Progressives are much more nuanced in their approach to politics and less prone to one liners.[/quote]One liners like “The Republican’s health care plan is if you get sick, die quick”? Oh yeah, the progressives are very nuanced.
meadandale
Participant[quote=briansd1]
Progressives are much more nuanced in their approach to politics and less prone to one liners.[/quote]One liners like “The Republican’s health care plan is if you get sick, die quick”? Oh yeah, the progressives are very nuanced.
meadandale
Participant[quote=briansd1]
Progressives are much more nuanced in their approach to politics and less prone to one liners.[/quote]One liners like “The Republican’s health care plan is if you get sick, die quick”? Oh yeah, the progressives are very nuanced.
meadandale
Participant[quote=BigGovernmentIsGood]
nsr,I recommend that you go to the Gulf Coast for a nice, long vacation. Be sure to eat plenty of fresh-caught seafood while you are there. Frolic on the beach. Let your kids and your wife bury you in the sand. Go swimming in the beautiful Gulf Coast waters.
Then, maybe in a couple of years I won’t have to read your idiotic posts anymore.[/quote]
According to Alan Grayson, the Republican Health Plan is that if you get sick, die quick.
Liberals like BGIG on the other hand just want Republicans…to die.
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