Comments on: Housing Future: How the American Public Will be the Proud Owner of Toxic Mortgages and Unwanted Housing. A 4 Step Program. http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: auctionoramma http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19714 auctionoramma Wed, 09 Jul 2008 18:16:19 +0000 http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19714 Here is one thing you can do to express your frustration: http://www.stopthehousingbailout.com/keymail.htm I have sent letters, emails and called a few times. Just do something so that you can say that you did your part to stop this bank handout / bailout / taxpayer scam! Here is one thing you can do to express your frustration:

http://www.stopthehousingbailout.com/keymail.htm

I have sent letters, emails and called a few times. Just do something so that you can say that you did your part to stop this bank handout / bailout / taxpayer scam!

]]> By: Kim http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19702 Kim Wed, 09 Jul 2008 13:41:52 +0000 http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19702 Well if the FHA is able to use traditional underwriting requirements it doesn't matter what the markdown is from the borrower will not qualify so it becomes mute. But if they are able to do NINJA loans watch out. Well if the FHA is able to use traditional underwriting requirements it doesn’t matter what the markdown is from the borrower will not qualify so it becomes mute. But if they are able to do NINJA loans watch out.

]]> By: FRN http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19687 FRN Wed, 09 Jul 2008 03:06:43 +0000 http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19687 I think Lifeguard is right... the bill in Congress implies10% off the existing principle... not a "new" appraisal price. I figured originally like the good Doctor that Congress would want a realistic "new" appraisal to stabilize the real estate market. No it truly looks like they really want to protect the bank by having 90% of the existing principle, (yes even including the extra negative amorization amount) paid to the bank and then giving the new mortgage to us tax payers. A "new" appraisal (even a bad one) would at least force the bank to write off more loss. That would reduce the amount of loss to the public by $172,500 (510,000 - 337,500) in the example in Doc's great article. A "new" appraisal could allow this deflation to work out faster by increasing the write down. But if they go by the principle amount at default... I just hope they use some lube this time. ;-( I think Lifeguard is right… the bill in Congress implies10% off the existing principle… not a “new” appraisal price. I figured originally like the good Doctor that Congress would want a realistic “new” appraisal to stabilize the real estate market. No it truly looks like they really want to protect the bank by having 90% of the existing principle, (yes even including the extra negative amorization amount) paid to the bank and then giving the new mortgage to us tax payers. A “new” appraisal (even a bad one) would at least force the bank to write off more loss. That would reduce the amount of loss to the public by $172,500 (510,000 – 337,500) in the example in Doc’s great article. A “new” appraisal could allow this deflation to work out faster by increasing the write down. But if they go by the principle amount at default…

I just hope they use some lube this time. ;-(

]]> By: auctionoramma http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19685 auctionoramma Wed, 09 Jul 2008 00:05:17 +0000 http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19685 Why are people just letting this bailout happen?! Send in your letters, call and tell your friends to do the same! I don't know anyone who is for the bailout - so we should all be doing our part to stop it! Why are people just letting this bailout happen?! Send in your letters, call and tell your friends to do the same!

I don’t know anyone who is for the bailout – so we should all be doing our part to stop it!

]]> By: SoyPerdido http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19684 SoyPerdido Tue, 08 Jul 2008 23:16:08 +0000 http://www.doctorhousingbubble.com/housing-future-how-the-american-public-will-be-the-proud-owner-of-toxic-mortgages-and-unwanted-housing-a-4-step-program/#comment-19684 Maybe we're related. I get the same reaction from my family members and friends. Maybe we’re related. I get the same reaction from my family members and friends.

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