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January 22, 2009 at 10:12 AM in reply to: Friend wants bailout, what are the necessary procedures #333188January 22, 2009 at 10:12 AM in reply to: Friend wants bailout, what are the necessary procedures #333524
PadreBrian
Participant[quote=jimmyle]My friend is calling HUD counselors tommorow. Hope they can help. Does he need to exaggerate his expenses to get help?
Even without any exaggeration, he has 0% saving rate right now. If you include his wife school loans, they have negative saving rate.[/quote]
No, he just needs to tell the truth. He will have to document his income and if his mortgage is over a certain % of his gross income then they can help.
January 22, 2009 at 10:12 AM in reply to: Friend wants bailout, what are the necessary procedures #333607Participant[quote=jimmyle]My friend is calling HUD counselors tommorow. Hope they can help. Does he need to exaggerate his expenses to get help?
Even without any exaggeration, he has 0% saving rate right now. If you include his wife school loans, they have negative saving rate.[/quote]
No, he just needs to tell the truth. He will have to document his income and if his mortgage is over a certain % of his gross income then they can help.
January 22, 2009 at 10:12 AM in reply to: Friend wants bailout, what are the necessary procedures #333635Participant[quote=jimmyle]My friend is calling HUD counselors tommorow. Hope they can help. Does he need to exaggerate his expenses to get help?
Even without any exaggeration, he has 0% saving rate right now. If you include his wife school loans, they have negative saving rate.[/quote]
No, he just needs to tell the truth. He will have to document his income and if his mortgage is over a certain % of his gross income then they can help.
January 22, 2009 at 10:12 AM in reply to: Friend wants bailout, what are the necessary procedures #333720Participant[quote=jimmyle]My friend is calling HUD counselors tommorow. Hope they can help. Does he need to exaggerate his expenses to get help?
Even without any exaggeration, he has 0% saving rate right now. If you include his wife school loans, they have negative saving rate.[/quote]
No, he just needs to tell the truth. He will have to document his income and if his mortgage is over a certain % of his gross income then they can help.
January 21, 2009 at 1:36 PM in reply to: Friend wants bailout, what are the necessary procedures #332510ParticipantThe first place to start is:
hud.govThey have both programs (missed a payment or not).
January 21, 2009 at 1:36 PM in reply to: Friend wants bailout, what are the necessary procedures #332847ParticipantThe first place to start is:
hud.govThey have both programs (missed a payment or not).
January 21, 2009 at 1:36 PM in reply to: Friend wants bailout, what are the necessary procedures #332926ParticipantThe first place to start is:
hud.govThey have both programs (missed a payment or not).
January 21, 2009 at 1:36 PM in reply to: Friend wants bailout, what are the necessary procedures #332955ParticipantThe first place to start is:
hud.govThey have both programs (missed a payment or not).
January 21, 2009 at 1:36 PM in reply to: Friend wants bailout, what are the necessary procedures #333038ParticipantThe first place to start is:
hud.govThey have both programs (missed a payment or not).
ParticipantThose are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.
ParticipantThose are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.
ParticipantThose are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.
ParticipantThose are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.
ParticipantThose are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.
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