Use access key #2 to skip to page content.

Good Grief

Recs

6

June 21, 2010 – Comments (2)

Man I knew this was coming:

http://finance.yahoo.com/news/Borrowers-exit-troubled-Obama-apf-887634101.html?x=0&sec=topStories&pos=main&asset=&ccode=

Some of my favorite snippets:

Requiring homeowners to provide documentation of income has turned people away from enrolling in the program.

Nah nah, I get that we have an unemployment issue.  In reading it it just makes it sound like, "Surprise...in order for you to get this loan we need to see if you have or make any money!"

Even after their loans are modified, many borrowers are simply stuck with too much debt -- from car loans to home equity loans to credit cards.

Thank you very much Cash for Clunkers, et al.

A short sale results in a less severe hit to a borrower's credit score, and is better for communities because homes are less likely to be vandalized or fall into disrepair. To encourage more of those sales, the Obama administration is giving $3,000 for moving expenses to homeowners who complete such a sale or agree to turn over the deed of the property to the lender.

First, a short sale should hit just as hard as a foreclosure.  There is no difference...this less likely to fall into disrepair business is a joke.  I just went through buying a house and short sales require just as much work.  Further, if they expect this short sale thing to work AT ALL, they had better speed up the process.  And by they I ultimately mean the banks as they are the ones that hold the whole thing up.

Fool on,

Jason

2 Comments – Post Your Own

#1) On June 25, 2010 at 5:15 AM, shirtly wrote:

Authentic lv handbags are at the forefront of woman handbagtrendy and fashion. New cheap lv bags may take a good help to achieve your dream. cheap lv handbags is a luxury casting its glory.The most popular styles of lv designer handbags still feature quilted leather styles that display the lv logo.Lv handbags on sale With heavy influence from luxury styles and runway fashion, their discount lv handbags trends are always chic and unique.

Report this comment
#2) On June 26, 2010 at 4:00 AM, dg365 (< 20) wrote:

Other collections from this Authentic Dolce Gabbana  including the dolce gabbana men shoes
. D&G shoes fur coat for men is another choice you may want to consider. Or, choose a  dolce & gabbana women shoes leather coat instead of you are looking for more of the bad boy look. Of course, what the D&G shoes male models wear is something you will want to consider, too. As you can see, the D&G shoes Men line is one that encompasses many great types of clothing. From the dolce & gabbana collection shoes logo t shirt for men to the D&G shoes men’s underwear you will wear, you will know that you are getting the highest quality always from this designer. Male D&G shoes models showcase this look all of the time.

Report this comment

Featured Broker Partners


Advertisement