Comments on: What is In The Homeowner Affordability and Stability Plan

By: ciccio

ciccio — Mon, 09 Nov 2009 21:44:15 +0000

“we allow judges to reduce home mortgages on primary residences to their fair market value”

Where the hell did he get his law degree, Zimbabwe? This legitimizes theft. It is none of the banks business what I do with the money I borrow as long as they have security and I make the payments. If I borrow money to buy Nortel shares, that were once trading at over $100 but are now worth a little over a buck does the judge reduce my loan to reflect “fair market value”. Perhaps the bank that gave a mortgage for a $100,000 house that is now worth $250,000 can increase their mortgage to reflect “fair market value”.

By: kim

kim — Thu, 05 Mar 2009 19:17:46 +0000

Okay, so what about the folks who are on-time and the mortgage is NOT backed by the GSE’s – Who helps them??

By: Real Estate Roundup - Week 8

Real Estate Roundup - Week 8 — Mon, 23 Feb 2009 00:55:12 +0000

[...] What is In The Homeowner Affordability and Stability Plan by Tom Royce at The Real Estate Bloggers [...]

By: sandi ohms

sandi ohms — Fri, 20 Feb 2009 23:10:14 +0000

this article in dead on!

By: Mathew Bossert

Mathew Bossert — Fri, 20 Feb 2009 14:03:41 +0000

If it all goes through, hopefully things will be looking up for homeowners. Let’s just hope this doesn’t blow up in our faces.

By: Obama’s Mortgage Plan: What is, and isn’t, in the Homeowner Affordability and Stability Plan — The Phoenix Real Estate Guy

Thu, 19 Feb 2009 16:40:17 +0000

[...] Opine: Morgan Brown at Blown Mortgage Tom Royce at The Real Estate Bloggers The White House Blog (yes, that White House) Jeff Corbet, The X Broker on AR Michelle Malkin Have a [...]

By: Obama is Going To Pay For My Gas And Mortgage : The Real Estate Bloggers

Obama is Going To Pay For My Gas And Mortgage : The Real Estate Bloggers — Thu, 19 Feb 2009 12:57:03 +0000

[...] the automaker the American may be buying her a car, not just fill her tank. Add to that The Homeowner Affordability and Stability Plan announced yesterday, we may end up paying some of her [...]

By: Woodstock Homes

Woodstock Homes — Thu, 19 Feb 2009 12:47:30 +0000

Another key point is to help struggling homeowners before they go late. As it stands today, banks won’t help you until you are 3 months late and your credit is trashed. The new provisions allow banks to help people who can prove economic hardship like losing a job and such. I think this is the best part becuase it allows us to get a “head start” on the problem.

By: Tom Royce

Tom Royce — Thu, 19 Feb 2009 02:04:45 +0000

Don

There was no bill signed, this was his proposal.

By: Don Ricketts

Don Ricketts — Thu, 19 Feb 2009 01:38:41 +0000

I can’t find the text of the bill Obama signed today. Anyone? my e-mail is scfarms@socal.rr.com

Thanks—-Don