http://blownmortgage.com/2008/06/28/bail-out-plan-to-help-just-13-of-borrowers-in-trouble/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 http://blownmortgage.com/2008/06/28/bail-out-plan-to-help-just-13-of-borrowers-in-trouble/comment-page-1/#comment-12304 morganb Fri, 04 Jul 2008 14:34:08 +0000 http://blownmortgage.com/?p=1158#comment-12304 well said - i agree. Determining primary residence is almost<br>infeasible for all of these loans... well said – i agree. Determining primary residence is almost
infeasible for all of these loans…

]]> http://blownmortgage.com/2008/06/28/bail-out-plan-to-help-just-13-of-borrowers-in-trouble/comment-page-1/#comment-12303 health1 Fri, 04 Jul 2008 10:21:36 +0000 http://blownmortgage.com/?p=1158#comment-12303 Somewhere on paper it reads that Casey Serin is the 'primary' resident --- on all 8 of his loans. Do we really think that the ham-fisted govt can craft something so carefully that doesn't bail out flippers? I want a bailout too in that case --- please bail me out because I don't make as much as a bankster. Somewhere on paper it reads that Casey Serin is the 'primary' resident — on all 8 of his loans. Do we really think that the ham-fisted govt can craft something so carefully that doesn't bail out flippers? I want a bailout too in that case — please bail me out because I don't make as much as a bankster.

]]> http://blownmortgage.com/2008/06/28/bail-out-plan-to-help-just-13-of-borrowers-in-trouble/comment-page-1/#comment-12302 alex Wed, 02 Jul 2008 20:11:25 +0000 http://blownmortgage.com/?p=1158#comment-12302 wow...thats it. Figures!! For some real solutions to mortgage payment issues and defaults, The Payment Help Center is a great resource. <br><a href="http://www.paymenthelp.org" rel="nofollow">http://www.paymenthelp.org</a> wow…thats it. Figures!! For some real solutions to mortgage payment issues and defaults, The Payment Help Center is a great resource.
http://www.paymenthelp.org

]]> http://blownmortgage.com/2008/06/28/bail-out-plan-to-help-just-13-of-borrowers-in-trouble/comment-page-1/#comment-12298 cpruitt Sun, 29 Jun 2008 13:50:59 +0000 http://blownmortgage.com/?p=1158#comment-12298 I think this is one of the serious problems with using FHA as a significant part of the solution in many of the areas with falling values. If the values don't bottom out and start moving back up - which seems unlikely to happen soon - FHA is going to inherit borrowers who will end up walking away from their mortgages because they owe more than their property is worth. With increased loan limits geared specifically to the very areas this is most likely to happen in, I see a lot of potential trouble in the future of FHA.<br>Thanks!<br>Carl Pruitt<br><a href="http://fhaloanadvice.com" rel="nofollow">http://fhaloanadvice.com</a> I think this is one of the serious problems with using FHA as a significant part of the solution in many of the areas with falling values. If the values don't bottom out and start moving back up – which seems unlikely to happen soon – FHA is going to inherit borrowers who will end up walking away from their mortgages because they owe more than their property is worth. With increased loan limits geared specifically to the very areas this is most likely to happen in, I see a lot of potential trouble in the future of FHA.
Thanks!
Carl Pruitt
http://fhaloanadvice.com

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