If a client owes you $10,000 and says to you, "Can I pay you in two installments?". Who says, "NO"?
These banks wouldn't renegotiate people who had been making their payments right up to the point of the balloon. It's crazy not to renegotiate. ************************************************************************ On Wednesday, November 5th, Vote for Barack Obama Right Wing Mike http://www.cafepress.com/rightwingmike --- On Thu, 10/9/08, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote: > From: [EMAIL PROTECTED] <[EMAIL PROTECTED]> > Subject: Re: [OT] Direct relief to Homeowners? > To: [email protected] > Date: Thursday, October 9, 2008, 8:17 PM > >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. _______________________________________________ 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.
