[pencilneck]

“The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.”

Walking is still a better choice for some, imo. It brings you current immediately, and within 2-3 years you’d be able to buy a new home.

[pencilneck]

“The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.”

Walking is still a better choice for some, imo. It brings you current immediately, and within 2-3 years you’d be able to buy a new home.

[pencilneck]

“The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.”

Walking is still a better choice for some, imo. It brings you current immediately, and within 2-3 years you’d be able to buy a new home.

[pencilneck]

“The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.”

Walking is still a better choice for some, imo. It brings you current immediately, and within 2-3 years you’d be able to buy a new home.

[pencilneck]

Someone on another board (a Canadian I believe) made an interesting observation. To paraphrase:

Why are you folks so against healthcare reform, and where were you a few years ago when George Bush was gutting the Bill of Rights?

[pencilneck]

Someone on another board (a Canadian I believe) made an interesting observation. To paraphrase:

Why are you folks so against healthcare reform, and where were you a few years ago when George Bush was gutting the Bill of Rights?

[pencilneck]

Someone on another board (a Canadian I believe) made an interesting observation. To paraphrase:

Why are you folks so against healthcare reform, and where were you a few years ago when George Bush was gutting the Bill of Rights?

[pencilneck]

Someone on another board (a Canadian I believe) made an interesting observation. To paraphrase:

Why are you folks so against healthcare reform, and where were you a few years ago when George Bush was gutting the Bill of Rights?

[pencilneck]

Someone on another board (a Canadian I believe) made an interesting observation. To paraphrase:

Why are you folks so against healthcare reform, and where were you a few years ago when George Bush was gutting the Bill of Rights?

[pencilneck]

If history is any guide (especially recent history), government intervention occurs after the crisis rather than before.

A lot of the government support is scheduled to end over the short term (1-2 years). I think they will wait until the housing market starts dropping again, Then they will be totally free to enacting another emergency measure that modestly helps to re-stabilize the housing market while, coincidentally, making a few well connected people and corporations very wealthy in the process.

Its just a lot easier to do this during a crises rather than beforehand.

[pencilneck]

If history is any guide (especially recent history), government intervention occurs after the crisis rather than before.

A lot of the government support is scheduled to end over the short term (1-2 years). I think they will wait until the housing market starts dropping again, Then they will be totally free to enacting another emergency measure that modestly helps to re-stabilize the housing market while, coincidentally, making a few well connected people and corporations very wealthy in the process.

Its just a lot easier to do this during a crises rather than beforehand.

[pencilneck]

If history is any guide (especially recent history), government intervention occurs after the crisis rather than before.

A lot of the government support is scheduled to end over the short term (1-2 years). I think they will wait until the housing market starts dropping again, Then they will be totally free to enacting another emergency measure that modestly helps to re-stabilize the housing market while, coincidentally, making a few well connected people and corporations very wealthy in the process.

Its just a lot easier to do this during a crises rather than beforehand.

[pencilneck]

If history is any guide (especially recent history), government intervention occurs after the crisis rather than before.

A lot of the government support is scheduled to end over the short term (1-2 years). I think they will wait until the housing market starts dropping again, Then they will be totally free to enacting another emergency measure that modestly helps to re-stabilize the housing market while, coincidentally, making a few well connected people and corporations very wealthy in the process.

Its just a lot easier to do this during a crises rather than beforehand.

[pencilneck]

If history is any guide (especially recent history), government intervention occurs after the crisis rather than before.

A lot of the government support is scheduled to end over the short term (1-2 years). I think they will wait until the housing market starts dropping again, Then they will be totally free to enacting another emergency measure that modestly helps to re-stabilize the housing market while, coincidentally, making a few well connected people and corporations very wealthy in the process.

Its just a lot easier to do this during a crises rather than beforehand.

[pencilneck]

money gained from “refinanced for toys” = fully taxable income at the time of debt forgiveness.

His problems will not simply go away by defaulting, and he may be far deeper in debt than either he or his parents realize.

But, yes, people like this will dribble out for years to come. Ditto on this as well: “I see ruined credit for their parents in the future.”

[Author]

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