Comments on: Refinance Plan Meant to Help Curb Rising Foreclosures

By: Mortages and Loans

Mortages and Loans — Thu, 02 Jul 2009 17:28:43 +0000

The plan could work, if executed by the banks correctly. Having said this, I do think the mortgage mess will clear up on its own within 6-12 months for the most part. Obama is the man

By: Many Identity Theft

Many Identity Theft — Wed, 06 May 2009 13:26:42 +0000

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By: Sandra Gute Appartements Berlin

Sandra Gute Appartements Berlin — Sat, 10 Jan 2009 06:59:01 +0000

I think this is a good idea…and it sounds like a better plan! I like the idea that the homeowner’s mortgage would be adjusted so that they will only pay the monthly payment (of home loan) of a current worth of the house. This would indeed save thousands of dollars a month.

By: marc@hypotheques

marc@hypotheques — Tue, 18 Nov 2008 20:29:18 +0000

This sounds like a good idea. Once the house is sold would the homeowner still owe money if the house is still worth less than the loan amount.

By: SunRefinance

SunRefinance — Thu, 04 Sep 2008 13:24:53 +0000

Your ability to repay is the basis for every bank or mortgage lender ’s loan decision. Simple mistakes or identity theft can effect your ability to get a mortgage or to refinance. Are you aware how lenders look at you?

By: san francisco forclosures

san francisco forclosures — Thu, 15 May 2008 21:32:54 +0000

san francisco forclosures…

In case you have emergencies, try not to use the money that you have the cash upfront or will bank financing be necessary? Location is another very important factor to consider when buying a government foreclosure home. If you don’…

By: Late Night Austin Real Estate Blog

Late Night Austin Real Estate Blog — Tue, 18 Mar 2008 05:31:03 +0000

It sounds like a decent plan. Their might be some room for fraud. I imagine homeowners will be pushing their appraiser friend for a low appraiser. It gives a lot of business to appraisers but it will also have a lot of pressure from friends to get low appraisals.

By: NewHomesGuy

NewHomesGuy — Thu, 13 Mar 2008 20:51:08 +0000

@Rick – thanks for the feedback. It’s our goal to make things easier for our visitors. Yeah I also think the increase FHA loan amounts will do some good for our market.

By: Sevierville Real Estate | Annie Maloney

Sevierville Real Estate | Annie Maloney — Mon, 10 Mar 2008 16:04:20 +0000

It does sound like one of the better plans out there. Many of the proposals that I have heard to date include everything from the government reseting the interest rates and writing off the balance due between the purchase price and current market price to a modified payment plan that is similar to a chapter 13 bankruptcy.

By: Rick Macosky

Rick Macosky — Mon, 10 Mar 2008 06:57:54 +0000

New Homes Guy, thanks for the great new home info. It will save me from having to read the real estate section in every Sunday’s paper.

I think the plan is a great idea. Banks will save big in the long run instead of having to eat the whole initial loss. If banks could keep at least one-half of the homes in their portfolio on the books that are slated for foreclosure it’s bound to help the economy.

The new FHA loan amount in Maricopa County went up to $346,250. That will also get some mortgage money flowing on purchases.