Comments on: Making Home Affordable: The Kickoff Begins

By: How To Start Your Own House Fix-up And Rental Business. | 7Wins.eu

How To Start Your Own House Fix-up And Rental Business. | 7Wins.eu — Thu, 18 Feb 2010 16:22:53 +0000

[...] Start Your Own Wine Label | IDDICTIVE.COM | Innovative Business IdeasRent a Tutor Blog – Post details: Second Life: hype or business model?Blog: The Landlord says… » Blog Archive » Property investment rules to change – forever » Introduce your Michigan Business or Organization » Absolute MichiganBeaver Rentals @ Attack of the Redneck MommyWhy do you rent instead of paying for a home? « Fabulously Broke in the City Houston’s Housing Market: Neither Boom nor Bust » The AntiplannerMaking Home Affordable: The Kickoff Begins [...]

By: MIke Johnson

MIke Johnson — Mon, 16 Mar 2009 09:19:13 +0000

After much research I’ve found the following websites cover everything about the “Making-Home-Affordable” plan and mortgage information in general. If your loan is held by Freddie or Fannie, you might qualify for a refi or loan mod.

First, find out if your loan is held by Fannie or Freddie. Contact them here to find out. They give you the phone number to call Fannie and Freddie directly to see if your loan is held by one:
http://www.financialstability.gov.

For an idea whether you even qualify, even if your loan is held by Fannie or Freddie, you can calculate your eligibility here:
http://www.making-home-affordable.com

I’d also call HUD. I don’t have their number but you go to:
http://www.hud.gov

And last but not least is MortgageBreakDown, in my opinion one of the best new mortgage sites for independant information available. Easy to read, navigate and contains solid information:
http://www.mortgagebreakdown

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Wed, 11 Mar 2009 18:00:19 +0000

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By: J. Wong

J. Wong — Mon, 09 Mar 2009 18:18:51 +0000

Something needs to be done with housing values. If home values increase more homeowners would be able to refinance into a more affordable payment.
Regards,
J. Wong

By: Mike K

Mike K — Mon, 09 Mar 2009 18:16:07 +0000

This new program will not help a mojority of homeowners that live in california. The governmement needs programs to support various homeowners in dfferent parts of the country.

Mike K

By: Dayahka

Dayahka — Fri, 06 Mar 2009 03:48:05 +0000

Yes, this mortgage bailout makes me sick. However, I think that what the government is trying to do now is two-fold: (1) Trying to shore up the system to keep it running for a while longer, while (2) turning the ship of state around and fixing long-neglected problems. If the country doesn’t stay afloat long enough, then there’ll be nothing there to fix. So, although some, many, most, or all (depending on your POV) of the things being done by the Fed and the government to accomplish the first objective are subject to gross abuse and scams, if they aren’t done then there will be no country to fix. If bailing out the boat can keep it afloat until you reach land or help arrives, then it’s worth doing as a collective effort; if it turns out to be worthless, then the only alternative is each person for themselves, chaos and anarchy. The values you espouse are good ones, but they can only work in a stable and sustainable social system. But we do not now have a sustainable and stable system. We are in deep trouble. Necessity knows no law: when I am hungry, I will do anything to get some food, legalities and niceties aside.

By: RENNAISSANCEMAN

RENNAISSANCEMAN — Thu, 05 Mar 2009 21:53:48 +0000

ARE YOU FUCKING KIDDING ME . HAS EVERYBODY OUT OF THIER MINDS??
WHAT HAPENED TO A PENNEY SAVED IS A PENNY EARNED?
IF YOU ARE IN A HOUSE AND ARE UPSIDE DOWN LOOK IN THE MIRROR.
HOW ABOUT NOT SENDING THOSE USLESS KIDS TO COLLAGE ON YOU ?
LOTS OF PEOPLE WILL NOT EVEN THINK OF MAKING YOUNG HEALTHY ADULTS WORK THIER WAY THROUGH COLLAGE. OR DRIVING A USED CAR , HOW ABOUT NOT GOING TO LAKE POWELL OR FRANCE FOR VACATION?
FOR PEOPLE WHO ARE CRYING I’M UP SIDE DOWN I SAY DISERN YOUR SPENDING HABBITS .
IF YOU LOSE THE HOOUSE START OVER AND THINK [ BEFORE YOU ACT ] .
HOW ABOUT A LITTLE ; TAKE RESPONSABILITY FOR YOUR OWN ACTIONS?
BUYER BEWARE BABBY YOU SIGNED ON THE DOTTED LINE NOW PERFORME OR LOSE THE COLATERAL .
IF YOU ARE A BANK BUST A MOVE
1. ASSUME YOUR ROLE FIX UP THE PROOPERTY AND SELLIT .
2. GIVE THE CARPET LAYER AND THE PAINTER ECT. A JOB CLEANING UP THE RE-PO IT WILL IN ITSELF CREATE TONS OF TRADE JOBS . EVENTUALLY YOUR GONA BE BACK ON TOP . BANK YOU LAZY MUTHER FUCKERS. ACT LIKE YOU GOT A PAIR , YOU SENT THE LOAN THROOUGH UNDERWRITING DID’NT YOU? NOW TAKE YOUR PILL. GO OUT THERE AND MAKE THESE PROPERTIES SOMETHING PEOPLE WILL WANT . A CLEAN , WELL MAINTAINED HOME.

By: Gary Gibson

Gary Gibson — Thu, 05 Mar 2009 19:42:49 +0000

That reminds me; I have to drop off my own rent check today. Tomorrow the illustrious Bill Bonner will drop by the bar to remind us why it’s better to rent in most of Baltimore, even if property seems like a steal.

And as Mr. Bonner likes to remind us: Everybody loves capitalism…until it starts doing the other half of its work. Capitalism isn’t really an “ism.” It’s more like physics…a universal law…thermodynamics.

It’s also Justice herself at work. And what Justice does is weigh things. Bad decisions have to be punished. The grandest bad decision of all of course is the establishment of a central bank to issue a fiat currency. Just about every distortion and mass delusion starts right about there.

“U.S. Sets Big Incentives to Head Off Foreclosures,” announces this morning’s New York Times. No kidding. A big enough portion of the voting public fell into the bankers’ credit trap; they believed that they were too good to rent. Now the inevitable has happened and they’re going bust…and the government is rushing to bail them out at the expense of the more prudent.

This is the kind of slapstick in which politicians and the voting public delight. Of course there is no way to prevent foreclosures without spreading the misery around. Before this ships sinks much further, you may want to consider bailing yourself out.

See you tomorrow.