Comments on: HOPE for Homeowners Saves 1 Home – 1 Home???

By: Cam

Cam — Sun, 28 Feb 2010 14:24:32 +0000

Actually Tom, unless I am the 1 homeowner it saved, it would be 2. I got $65,000 forgiven from my $150,000 subprime mortgage. I wasn’t going into forclosure and actually didn’t even know I had a subprime house, but I was just diagnosed with 3 horrible auto-immune disorders and my health was going downhill. I had to quit my second job and if I hadn’t had my monthly mortgage cut by $1000, my family and I would have not been able to pay our $1700 a month bill. Our mortgage got converted to a FHA (HUD) and went from a 40 yr fixed at 10% to a 30 yr fixed 5% loan. The interesting thing is I never called them to ask for it, they called me, out of the blue, like I’d won the lottery. I give God the credit though, not the government.

By: Mark Madsen

Mark Madsen — Sun, 29 Mar 2009 20:17:04 +0000

Good job, Tom. I was actually just preparing an article today about the hope program, so this is perfect timing. I’m still having a hard time believing that only 1 home was saved. So glad that I didn’t spend the past 5 months thinking that I’d be able to make money in that niche.

By: Portland Real Estate

Portland Real Estate — Fri, 27 Mar 2009 18:17:37 +0000

Wow. That makes me really sad. How could a program fail that miserably? Oh, thats right, Republicans aren’t out to rescue the little guy, they LOVE big projects. Why don’t we just not tax the oil companies again, that seems to have worked well for us for the last few decades……

By: Woodstock real estate

Woodstock real estate — Fri, 27 Mar 2009 01:35:28 +0000

Tom thanks for bringing light to this. When this garbage bailout/stimulus/or whatever was drafted in Congress we laughed at it. People were wondering why we were laughing…………