Larry, > On one hand, I don't think the govt should eat the difference > in current home value from the purchase price, but then it > was govt actions that brought it about. If we are going to > spend the money... the individuals are probably more > deserving than the banks.
I believe that those folks who get a renegotiated loan should be done with the following catches: 1) Required to keep the home for at least 5 years 2) 'Forgiven' debt is actually a 'silent 2nd' that is repaid prior to any profits being transferred to the homeowner I also think that anyone should be eligible for this conversion to a silent 2nd, not just the folks that are in default. Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.mcstyles.com/ Whether you think you can, or you think you can't.... you are right. -- Henry Ford _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
