[PadreBrian]

Yep, Almost all areas EXCEPT for CV that were bought during the crazy period 2005-2006 and used the zero down / option arm loan, will see people move out. The rest are waiting for either McCain or Obama to rescue them with new house valuations and loans. Both candidates hinted they would go along with congress on this.

[PadreBrian]

It’s true that this new(old) plan won’t help the people that did the stated loans. They NOW have to re-qualify for the new loan…YES the house price will be 20-30% lower…but they still have to have perfect ficos and a great ratio…which is hard to do.

Knowing that, that 20% help rate seems a little high…I don’t think 20% of the stated crowd will even qualify.

[PadreBrian]

It’s true that this new(old) plan won’t help the people that did the stated loans. They NOW have to re-qualify for the new loan…YES the house price will be 20-30% lower…but they still have to have perfect ficos and a great ratio…which is hard to do.

Knowing that, that 20% help rate seems a little high…I don’t think 20% of the stated crowd will even qualify.

[PadreBrian]

It’s true that this new(old) plan won’t help the people that did the stated loans. They NOW have to re-qualify for the new loan…YES the house price will be 20-30% lower…but they still have to have perfect ficos and a great ratio…which is hard to do.

Knowing that, that 20% help rate seems a little high…I don’t think 20% of the stated crowd will even qualify.

[PadreBrian]

It’s true that this new(old) plan won’t help the people that did the stated loans. They NOW have to re-qualify for the new loan…YES the house price will be 20-30% lower…but they still have to have perfect ficos and a great ratio…which is hard to do.

Knowing that, that 20% help rate seems a little high…I don’t think 20% of the stated crowd will even qualify.

[PadreBrian]

It’s true that this new(old) plan won’t help the people that did the stated loans. They NOW have to re-qualify for the new loan…YES the house price will be 20-30% lower…but they still have to have perfect ficos and a great ratio…which is hard to do.

Knowing that, that 20% help rate seems a little high…I don’t think 20% of the stated crowd will even qualify.

[PadreBrian]

Also, 400,000 is really really low. There’s 400k worth of bad alt-a’s in SD alone.

[PadreBrian]

Also, 400,000 is really really low. There’s 400k worth of bad alt-a’s in SD alone.

[PadreBrian]

Also, 400,000 is really really low. There’s 400k worth of bad alt-a’s in SD alone.

[PadreBrian]

Also, 400,000 is really really low. There’s 400k worth of bad alt-a’s in SD alone.

[PadreBrian]

Also, 400,000 is really really low. There’s 400k worth of bad alt-a’s in SD alone.

[PadreBrian]

Rotten. It’s a bank bail-out more than it is anything else. It’s also rewarding dumb dumb house speculators.

[PadreBrian]

Rotten. It’s a bank bail-out more than it is anything else. It’s also rewarding dumb dumb house speculators.

[PadreBrian]

Rotten. It’s a bank bail-out more than it is anything else. It’s also rewarding dumb dumb house speculators.

[PadreBrian]

Rotten. It’s a bank bail-out more than it is anything else. It’s also rewarding dumb dumb house speculators.

[Author]

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