Comments on: Mortgage Modification Program http://www.kristalsellsdenver.com/denverdwellings/hope-now-a-program-to-assist-homeowners/1039/ Kristal Kraft...Selling Denver and the 'Burbs! Thu, 11 Mar 2010 05:46:06 +0000 hourly 1 By: Kristal Kraft http://www.kristalsellsdenver.com/denverdwellings/hope-now-a-program-to-assist-homeowners/1039/comment-page-1/#comment-1342 Kristal Kraft Fri, 21 Nov 2008 15:32:52 +0000 http://www.kristalsellsdenver.com/hope-now-a-program-to-assist-homeowners/1039/#comment-1342 Jessica ~ Your point is well taken, there are loopholes everywhere. This program doesn't appear to work in many instances because it requires a 90% loan to value. If homeowners had a 90% loan to value they could sell the home. Most people in trouble today are there because the value of the home is much less than the loan. Those are the ones who need a modification plan. No one is helping them...yet. Jessica ~ Your point is well taken, there are loopholes everywhere.

This program doesn’t appear to work in many instances because it requires a 90% loan to value.

If homeowners had a 90% loan to value they could sell the home.

Most people in trouble today are there because the value of the home is much less than the loan. Those are the ones who need a modification plan.

No one is helping them…yet.

]]> By: Kristal Kraft http://www.kristalsellsdenver.com/denverdwellings/hope-now-a-program-to-assist-homeowners/1039/comment-page-1/#comment-1341 Kristal Kraft Fri, 21 Nov 2008 15:28:16 +0000 http://www.kristalsellsdenver.com/hope-now-a-program-to-assist-homeowners/1039/#comment-1341 Fred ~ I hear what you are saying, but I fear telling people to default will come back to bite me. Who knows what the future will bring with credit ratings. What if they need something and can't get it due to bad credit? Just the same the bailout plans are rewarding people for bad behavior, meaning we will just get more bad behavior. Fred ~ I hear what you are saying, but I fear telling people to default will come back to bite me. Who knows what the future will bring with credit ratings. What if they need something and can’t get it due to bad credit?

Just the same the bailout plans are rewarding people for bad behavior, meaning we will just get more bad behavior.

]]> By: jessica @ real estate license http://www.kristalsellsdenver.com/denverdwellings/hope-now-a-program-to-assist-homeowners/1039/comment-page-1/#comment-1340 jessica @ real estate license Wed, 19 Nov 2008 19:29:37 +0000 http://www.kristalsellsdenver.com/hope-now-a-program-to-assist-homeowners/1039/#comment-1340 I would tend to agree with Fred. While I think the idea behind what they are doing is fantastic, I applaud everyone that tries to offer a helping hand. But there seems to be too many potential loopholes, which as many of us know will be exploited and used to other peoples advantages. The problem with programs like these is that they never actually get to the people that need them, but rather they are used by people determined to abuse the system. I hope I am wrong and that this does work, but past programs lead me to believe otherwise. <abbr><em><abbr><em>jessica @ real estate licenses last blog post..<a href="http://feeds.feedburner.com/~r/real-estate-license/~3/451341332/">5 Tips to Becoming an Even Better Real Estate Agent</a></em></abbr></abbr></em> I would tend to agree with Fred. While I think the idea behind what they are doing is fantastic, I applaud everyone that tries to offer a helping hand. But there seems to be too many potential loopholes, which as many of us know will be exploited and used to other peoples advantages.

The problem with programs like these is that they never actually get to the people that need them, but rather they are used by people determined to abuse the system. I hope I am wrong and that this does work, but past programs lead me to believe otherwise.

jessica @ real estate licenses last blog post..5 Tips to Becoming an Even Better Real Estate Agent

]]> By: Fred Glick http://www.kristalsellsdenver.com/denverdwellings/hope-now-a-program-to-assist-homeowners/1039/comment-page-1/#comment-1339 Fred Glick Tue, 18 Nov 2008 20:19:32 +0000 http://www.kristalsellsdenver.com/hope-now-a-program-to-assist-homeowners/1039/#comment-1339 http://www.cnbc.com/id/15840232?video=925429126 My opinions of the program. How about if you are struggling with your payment but you are current and have a high rate and are under water? Just go 90 days, get a great rate and then dispute the 90 day lates on your credit report. http://www.cnbc.com/id/15840232?video=925429126

My opinions of the program.

How about if you are struggling with your payment but you are current and have a high rate and are under water?

Just go 90 days, get a great rate and then dispute the 90 day lates on your credit report.

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