nfl: You Missed A Payment - No Help For You In This Enviorment
- 09/03/08 04:24 PM
We have all read about the homeowner who has taken out the 50 year, interest only, adjustable loan 3 years ago and now that the payment is recasting, they can no longer afford their home. It seems you can't read a blog or newspaper article about homeowners, and not find one who hasn't fallen behind on payments. Now these homeowners are looking at bankruptcy, foreclosure, short sales or attempting a loan modification, just to survive. If you read my last post, you know I feel for these people, and hope a solution is right around the corner. However, I want … (3 comments)
We have all read about the homeowner who has taken out the 50 year, interest only, adjustable loan 3 years ago and now that the payment is recasting, they can no longer afford their home. It seems you can't read a blog or newspaper article about homeowners, and not find one who hasn't fallen behind on payments. Now these homeowners are looking at bankruptcy, foreclosure, short sales or attempting a loan modification, just to survive. If you read my last post, you know I feel for these people, and hope a solution is right around the corner. However, I want … (3 comments)
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