Not one word about helping homeowners..failed loan mod program

[xiamiam]

one would think we dont have a foreclosure crisis..and that millions are not still facing homelessness..what a joke..quite the topic on the campaign trail however

[GreenPartyVoter]

1. Sh! We aren't allowed to talk about foreclosures or homelessness.

[Mimosa]

2. This should be up in the top 5. n/t

[mmonk]

3. They don't talk about failures but real estate is my livelihood and I have to live

it. Once they get government out of it and stop the interest deductions, they will finish it off.

[xiamiam]

4. im a realtor as well..already lost my investments..market moving at glacial speed

unemployed basically but not counted in the numbers..and that goes for all of the trades which are associated..

[Fire1]

5. It didn't fail me and some others on this board. I'm sure

a whole lot more you don't know about.

[xiamiam]

6. bs..you have no clue what i know..nt

[Fire1]

7. I certainly know that you can't possibly account for the total

population. THAT I DO know! And bullshit back to ya!

[xiamiam]

8. 1% effective loan mod program..if that..nt

[Fire1]

10. Link please. n/t

[xiamiam]

13. no..you need to provide the link that says the program has been or is effective.

what i know is readily available

[Fire1]

14. I figured as much. Fail. n/t

[xiamiam]

16. if you have rec'd a loan mod ..good for you..post a poll if you really want to see how many duers

have benefitted..have lost their homes..etc. The Hamp program is an abysmal failure. People are losing their homes. Nothing is being done. I'm not going to argue with you. You either see that or you dont.

[Fire1]

17. Most are losing their homes b/c they lost their jobs and

there is no income, not because the program is a failure.

[xiamiam]

18. there is no incentive for the banks to truly negotiate with homeowners

foreclosure is punitive and the banks make more money than renegotiating the loans ..they would prefer to foreclose, sell at half the price to the new owner, lower the home values for the entire neighborhood..and put the family who has lived there for 20 years in the street..no reason not to for the banks

[xiamiam]

19. and there you have a frightened demoralized shocked and broke huge segment of the population

no mention of reinstating the primary residence clause in the bankruptcy bill either..not a peep since early 2009...which was in place from the depression to 2005..just a few years before this financial meltdown

why?



there is a crime being committed to us..appears to be legal but it is a crime nonetheless

[Fire1]

22. True and what good is renegotiation when there are no

funds to pay the mortgage? You can't live anywhere for free (other than relatives and parents, that is).

[Fire1]

9. wrong place.

[Lorien]

11. Yep, I have a friend and two neighbors who have been desperately seeking

loan modification for two years now. Bank of America told my friend "Hey, just get a job that pays $1,000 a week. Problem solved!", and the bank won't even discuss the matter with my neighbors. :grr:

[Fire1]

12. BOA is the worst! They're being sued. n/t

[xiamiam]

15. they're all being sued..big deal..but they should go to jail..nt

[Donnachaidh]

20. aren't they doing something to take away the mortgage tax deductions?

That's the help that will be given. :sarcasm:

[Fire1]

21. Then they must be insane. Should this happen they will have

perfectly good mortgage holders walking away. There will be no incentive for the homeowner to keep the property.

[xiamiam]

23. one part of the biggest transfer of wealth in the us..nt