Comments on: Another Hole in the Obama Foreclosure Plan

By: Keesakitty

Keesakitty — Wed, 30 Mar 2011 04:19:00 +0000

How does anyone know what their house is currently worth in this economy? Foreclosed properties in our area can be had for as little as $60,000. We bought when the market was high in 2007. So our $550,000 purchase price is worth ? in 2011. Our equity is gone and we are 10 years away from retirement. So why doesn’t everyone qualify for a refinance? I’m not sure my house is now worth as much as the mortgage due! KittyKat55

By: obama foreclosure plan eligibility «foreclosures web

obama foreclosure plan eligibility «foreclosures web — Tue, 22 Jun 2010 04:45:12 +0000

[...] 7.Another Hole in the Obama Foreclosure Plan « The Washington As we wrote today, there’s a real hope among housing experts that President Barack Obama’s new plan to tackle the foreclosure crisis will be wonderfully successful, … But there’s a ban on refinancing if the mortgage exceeds the 80 percent debt-to-value threshold. The Obama housing plan doesn’t remove that ban, [...]

By: Loan Modification

Loan Modification — Sun, 01 Mar 2009 22:26:41 +0000

Great, Thanks for the new government..

By: M Petrone

M Petrone — Sat, 21 Feb 2009 10:32:03 +0000

Yeah this plan has raised some issues with us over here at http://www.refinancingcondo.com I can not believe the disregard for some of the hardest hit homeowners. It is risky to refinance someone with 90% LTV so why not just cover pretty much everyone and offer near 100% refinance options for people in the worst effected areas. Crazy!

By: President Obama » Another Hole in the Obama Foreclosure Plan

President Obama » Another Hole in the Obama Foreclosure Plan — Thu, 19 Feb 2009 19:28:32 +0000

[...] Weasel Zippers wrote an interesting post today on Another Hole in the Obama Foreclosure PlanHere’s a quick excerpt…a real hope among housing experts that President Barack Obama’s new … The Obama housing plan doesn’t remove that ban, it just bumps the [...]

By: Barack Obama » Another Hole in the Obama Foreclosure Plan

Barack Obama » Another Hole in the Obama Foreclosure Plan — Thu, 19 Feb 2009 19:26:39 +0000

By: jeff

jeff — Thu, 19 Feb 2009 16:51:22 +0000

I think there are valid arguments on both side about this government plan. Will it raise the budget deficit? Probably. Will it help? That’s a good question. I think economies go through cycles and this might be one of them. I read a good article on recessions and their history on

http://www.recessioninfocenter.com

By: jeff

jeff — Thu, 19 Feb 2009 16:49:41 +0000

By: DSS

DSS — Thu, 19 Feb 2009 15:27:13 +0000

It appears aimed at the individuals that Franks and Obama and Acorn forced Fannie and Freddie to issue to those that could not afford the loans. Where is this money coming from? Where did Congress authorize this spending? Just a few details I am not understanding. Doesn't Congress control spending?

By: Carl Spearow

Carl Spearow — Thu, 19 Feb 2009 15:23:39 +0000

I can explain this: the government doesn't want to dole out money to homeowners who are likely to default, which is what you would expect with mortgages that are seriously underwater.