>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. I would have no problem with that... If the banks had any sense, they would do that themselves. -- Larry Miller --- StripMime Report -- processed MIME parts --- multipart/mixed text/plain (text body -- kept) message/rfc822 --- _______________________________________________ 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.
