Comments on: Loan Modification Plan Take Two

By: mary

mary — Tue, 23 Jun 2009 15:51:07 +0000

At least the new administration is taking steps to help the home owner by paying incentives to the mortgage servicing companies. Sharing the cost of reducing the interest rate is a good step too. However, is it the mortage companies who helped to get us in this current mess? maryâ€™s last blog post..San Antonio Real Estate Stats for April mary’s last blog post..San Antonio Real Estate Stats for April

By: Loan Modification

Loan Modification — Wed, 20 May 2009 22:17:16 +0000

Let's hope that the Making Home Affordable Program (the name of Obama's foreclosure prevention program) receives a little more publicity and that more homeowners try to achieve modifications through it. Obama was quoted as saying that he hopes to help 8-9 million homeowners in bad financial shape. Now if only the Lenders / Servicers wanted to help Americans as much as our President does.... Loan Modification’s last blog post..Loan Modification Requirements & Guidelines

By: Steve Trang@Tempe Real Estate

Steve Trang@Tempe Real Estate — Tue, 19 May 2009 07:17:48 +0000

Boy, I hope you're right about this plan. We definitely have many many many people in Phoenix that have seconds and sometimes thirds! Steve Trang’s last blog post..Added Commercial Foreclosure List

By: panama property

panama property — Sat, 16 May 2009 17:06:59 +0000

Obama’s foreclosure prevention program may not be able to help all of them, but it goes a long way in at least addressing the problem and trying something. President Obama may not have all the answers, but federal programs like this may go a long way in helping America turn around and start heading in the right direction again.

Cheers,Harry,Panama property

By: SD @ Mississauga House Keeping

SD @ Mississauga House Keeping — Mon, 11 May 2009 05:27:10 +0000

Yeah, thanks for exporting this mess all over the world, too!

By: Alex Aguilar @ San Diego Real Estate

Alex Aguilar @ San Diego Real Estate — Fri, 08 May 2009 17:31:02 +0000

Have you tried this forum? http://www.loansafe.org/forum/loan-modification/ They seem to have a lot of people on there offering services. One thing to keep in mind is different states have different laws so be careful not to hand over money up front. In California a real estate agent is not allowed to collect any money up front.

Also, have you tried doing a loan modification yourself? It’s not difficult to do, you just need to be persistent and have patience.

By: lotee

lotee — Fri, 08 May 2009 05:28:38 +0000

Does anyone have the name of a reliable and successful loan modification real live person?

By: Andrew @ Team Aguilar San Diego

Andrew @ Team Aguilar San Diego — Thu, 07 May 2009 16:58:48 +0000

It was short term thinking that got us in this mess. And please, this is not Socialism. Survival of the fittest shouldn’t come in to play when a tiny percent of powerful companies and individuals are ultimately responsible (due to their irresponsibility) for our economic state. Something tells me you’d feel a whole lot differently about the government helping out if you lost your job and suddenly couldn’t make your mortgage payments. In this case, the Obama Adiministration has created a short term program to jump start a long term plan. Just as with the stimulus, the loan modification program is a tool to “stimulate” the markets so that the recession is not dragged out longer and deeper than it would be if nothing was done. According to the plans they’ve laid out, as soon as we have regained some stability in the markets, measures will be taken to minimize their involvement. It’s easy to shout survival of the fittest and proclaim your firm beliefs in the mighty unregulated capital markets when you have remained afloat and minimally affected by the recession. But you are in the minority, and the great number of people that need the government to help get them back on their feet deserve that help.

By: Battery Point Homes for Sale

Battery Point Homes for Sale — Thu, 07 May 2009 16:16:44 +0000

I’ll actually take the opposite view of Charleston. I’m totally against the government becoming involved in the the financial markets or housing markets to this extent. They call it Socialism. It’s short term thinking and I guarantee in the long run it will not be beneficial. Let things fall where they may, we’ll be stronger down the road. Survival of the fittest!!!

By: Jill@Houston Tx Real Estate

Jill@Houston Tx Real Estate — Thu, 07 May 2009 00:56:34 +0000

Its good they are taking into account 2nd mortgages. We have seen a few short sales fall apart because of the second mortgage. They often have very little inclination to negotiate Jill’s last blog post..Home Sales increase from February, but down from March 2008