tk2kewl
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Tue Oct-25-11 12:56 PM
Original message |
Can anyone explain HARP to me? |
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Long-story-short: I got caught in the middle while building a new home during the credit collapse. As a result I now own 2 homes: my new one and my old one.
I have never been delinquent on either mortgage and neither mortgage is technically "underwater."
I have had difficulty renting the old house for an amount that will pay for itself, and I have been unsuccessful at selling the old house even at $120,000 less than what I paid for it in 2003.
Both mortgages are at rates above what I could get now if I could refinance but the banks are balking at my asset/debt ratio because of the 2 mortgages.
Is there anything in HARP that can help me out?
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mysuzuki2
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Tue Oct-25-11 12:58 PM
Response to Original message |
1. Harp is a very good Irish beer. |
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Drink a six pack and you'll feel better. Seriously, good luck!
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tk2kewl
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Tue Oct-25-11 01:00 PM
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2. One of my favorite Lagers. |
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Unfortunately I am on a low carb diet so its only Mich Ultra for me right now :(
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trumad
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Tue Oct-25-11 01:00 PM
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tk2kewl
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Tue Oct-25-11 01:07 PM
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do you know how to determine if a loan is GSE-backed?
my 2 lenders: Citi, Chase
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secondwind
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Tue Oct-25-11 01:05 PM
Response to Original message |
4. I think HARP is only for folks who are not delinquent on their mortgages. Check it out! |
DU
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Mon May 06th 2024, 04:26 PM
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