Upside Down Mortgage

Mortgage Modification News

Question: Obama mortgage makeover will take three years - do you have that much time to wait?

And only 9% are getting help.

http://money.cnn.com/2009/08/04/news/economy/Obama_mortgage_modification/?postversion=2009080417

"the Obama administration says it is on pace to help up to four million homeowners over the next three years"

Answer: This was your answer:

"That's 9% TOO MUCH!!!"

"Why can noone else see that this will only prolong the inevitable. These losers can not repay these loans modified or not. Let them foreclose, crash the market to it's bottom already and then we can begin to grow...modestly. Until then we are simply throwing more and more good money after horribly gone wrong bad money.

The problem is that it's not too politically correct to get up and say that anyone deserves to lose there homes...but guess what it's the truth."

Mortgage Modification News March 1, 2009

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