Comments on: Mr Mortgage: Mortgage Modifications Part 2 – Being Forward Thinking http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/ Your personal tour guide through the housing finance "misinformation maze". Thu, 14 May 2009 13:28:04 -0400 http://wordpress.org/?v=2.8.1 hourly 1 By: Peter Dimond http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-6335 Peter Dimond Mon, 29 Sep 2008 15:35:59 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-6335 How do I get a copy of the loan modification part I? Peter Dimond 303.300.3414 How do I get a copy of the loan modification part I?

Peter Dimond
303.300.3414

]]> By: Dave http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-5378 Dave Thu, 04 Sep 2008 21:24:49 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-5378 Bravo stopthemadness. It's so hilarious how the average j6p sees walking away from a bad investment (his home) as a 'moral obligation'. Puhleeze. The Heb bankers who conjured that money out of thin air to loan to you have no qualms about wiping that losing investment off of their books AND getting a tax write-off from it to boot. We can't even write off our losses on our upside-down homes if we let them get foreclosed on. How is that fair? I too am upside down and I bought in 2002. Thanks to the government not enforcing immigration laws and my town being ransacked by illegal aliens and all of the mess that comes along with that, values here are down an additional 20% over other localities near me where illegal aliens did not invade. I am biding my time like many others and will make my move when the time is right. All of you sheeple who see this as a moral obligation need to wake the F up and join the game that the bankers have been playing on us for centuries. The banks' biggest fear is that one day j6p would figure that out and with any luck he soon will. Bravo stopthemadness. It’s so hilarious how the average j6p sees walking away from a bad investment (his home) as a ‘moral obligation’. Puhleeze. The Heb bankers who conjured that money out of thin air to loan to you have no qualms about wiping that losing investment off of their books AND getting a tax write-off from it to boot. We can’t even write off our losses on our upside-down homes if we let them get foreclosed on. How is that fair? I too am upside down and I bought in 2002. Thanks to the government not enforcing immigration laws and my town being ransacked by illegal aliens and all of the mess that comes along with that, values here are down an additional 20% over other localities near me where illegal aliens did not invade. I am biding my time like many others and will make my move when the time is right. All of you sheeple who see this as a moral obligation need to wake the F up and join the game that the bankers have been playing on us for centuries. The banks’ biggest fear is that one day j6p would figure that out and with any luck he soon will.

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Countrywide/BofA Conspire Against a Borrower & Shareholders http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-5233 Mr. Mortgage’s Guide to the TRUTH! » Countrywide/BofA Conspire Against a Borrower & Shareholders Wed, 03 Sep 2008 17:32:38 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-5233 [...] Mr Mortgage: Mortgage Modifications Part 2 - Being Forward Thinking (63) Posted on July 4, 2008 11:17 AM [...] [...] Mr Mortgage: Mortgage Modifications Part 2 – Being Forward Thinking (63) Posted on July 4, 2008 11:17 AM [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: The Real Estate ‘Quickening’ is Upon Us http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-4548 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: The Real Estate ‘Quickening’ is Upon Us Sat, 16 Aug 2008 15:52:01 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-4548 [...] Mr Mortgage: Mortgage Modifications Part 2 - Being Forward Thinking [...] [...] Mr Mortgage: Mortgage Modifications Part 2 – Being Forward Thinking [...]

]]> By: stopthemadness http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-4420 stopthemadness Tue, 12 Aug 2008 17:43:23 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-4420 I still cant' figure out why, to the banks it is a business/financial deal, but to everyone else it is a "moral obligation". BS. I am upside down, and I am looking at it exactly how the bank does. Do they keep a loser? No. Why should I. The days of "knowing your banker" and them working with you on a personal level are long gone. They are out for one thing. Their bottom line. To save it, the best way possible. That's exactly where I stand. Why modify a mortgage that in the future would need further modifications. If you love your house, sure. But a house is a Liability, not an asset. Goes in the negative column. I don't know of anyone who would hold on to assets that fall month after month, why is housing different. I took an 80/20 heloc. At what I thought was close to the bottom. Appraised 160k above purchase price. I am now over 100k upside down, plus the "160k", which didnt exist. Stay?? I don't think so. I still cant’ figure out why, to the banks it is a business/financial deal, but to everyone else it is a “moral obligation”. BS. I am upside down, and I am looking at it exactly how the bank does. Do they keep a loser? No. Why should I. The days of “knowing your banker” and them working with you on a personal level are long gone. They are out for one thing. Their bottom line. To save it, the best way possible. That’s exactly where I stand. Why modify a mortgage that in the future would need further modifications. If you love your house, sure. But a house is a Liability, not an asset. Goes in the negative column. I don’t know of anyone who would hold on to assets that fall month after month, why is housing different.
I took an 80/20 heloc. At what I thought was close to the bottom. Appraised 160k above purchase price. I am now over 100k upside down, plus the “160k”, which didnt exist. Stay?? I don’t think so.

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: Breaking July CA Foreclosure Report - Foreclosures Surge http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-4419 Mr. Mortgage’s Guide to the TRUTH! » Mr Mortgage: Breaking July CA Foreclosure Report - Foreclosures Surge Tue, 12 Aug 2008 17:42:20 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-4419 [...] Mr Mortgage onMortgage Modifications Part 2 - BEING FORWARD THINKING!  [...] [...] Mr Mortgage onMortgage Modifications Part 2 – BEING FORWARD THINKING!  [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Record Foreclosures Sweep CA in July - Breaking News http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-4273 Mr. Mortgage’s Guide to the TRUTH! » Record Foreclosures Sweep CA in July - Breaking News Fri, 08 Aug 2008 00:20:20 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-4273 [...] Mr Mortgage: Mortgage Modifications Part 2 - Being Forward Thinking [...] [...] Mr Mortgage: Mortgage Modifications Part 2 – Being Forward Thinking [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Pending Home Sales Number Actually Worse - Explained http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-4194 Mr. Mortgage’s Guide to the TRUTH! » Pending Home Sales Number Actually Worse - Explained Thu, 07 Aug 2008 16:02:18 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-4194 [...] Mr Mortgage: Mortgage Modifications Part 2 - Being Forward Thinking ( [...] [...] Mr Mortgage: Mortgage Modifications Part 2 – Being Forward Thinking ( [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » 2nd Mortgage Holders (Banks) Now to be Bailed Out Too - Breaking! http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-3315 Mr. Mortgage’s Guide to the TRUTH! » 2nd Mortgage Holders (Banks) Now to be Bailed Out Too - Breaking! Wed, 23 Jul 2008 19:13:50 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-3315 [...] Mr Mortgage onMortgage Modifications Part 2 - BEING FORWARD THINKING [...] [...] Mr Mortgage onMortgage Modifications Part 2 – BEING FORWARD THINKING [...]

]]> By: Mr. Mortgage’s Guide to the TRUTH! » Time for Banks to Raise Equity Capital. Go-Go-Go…Quickly! http://mrmortgage.ml-implode.com/2008/07/04/mr-mortgage-mortgage-modifications-part-2-being-forward-thinking/comment-page-2/#comment-3218 Mr. Mortgage’s Guide to the TRUTH! » Time for Banks to Raise Equity Capital. Go-Go-Go…Quickly! Wed, 23 Jul 2008 03:08:25 +0000 http://mrmortgage.ml-implode.com/?p=167#comment-3218 [...] Mr Mortgage onMortgage Modifications Part 2 - BEING FORWARD THINKING [...] [...] Mr Mortgage onMortgage Modifications Part 2 – BEING FORWARD THINKING [...]

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