Terminate Loan Modifications

Real Estate Agent with Century 21 Birchwood Realty, Inc.

I thought this was an interesting concept concerning loan modifications such as HAMP, their default rate, the contrast of foreclosure, and the idea of putting the money towards paying down our national debt.

TBWS Daily Show


Disclaimer: if you prefer reading your news over a cup of coffee in a relaxed atmosphere, or your family's sense of humor gen has skipped a generation, don't watch the video; these guys talk fast and are high energy.

Have a Great Day

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For more information on sub-tropical Cape Coral and the Lee County area

                                                                           Lois Davme with glassesies,ABR

            Cell: 239-357-5558                                                             
            Efax: 239-244-8975

     Century 21 Birchwood Reatly, Inc.
4040 Del Prado Blvd., Cape Coral, Fl.  33904


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Comments (4)

Andrew Capelli
Troy, MI

Lois: Interesting.  I suppose my first thought is those giys are WAY too upbeat (and cavalier) about automatically dispossessing millions of people from their homes.  If 35% of HAMP modifications end up in default, that means 65% of them work.  I understand the economics in the video, but it seems to me that we should try to help people with legitimate hardships to stay in their homes.  Thanks for sharing!

Oct 01, 2012 12:05 AM
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Thanks for the comment Andrew.  I guess they are stating that with 35% of HAMP not going through, and 50% of other modifications failing, the track record is not good.  After watching these guys for a few years, they get very frustrated with a system that says it will help people, and then puts up roadblocks to ensure failure; sort of - If your incouraging failure why have the programs at all. 
I thought their conversation was interesting, got me thinking this morning.

Oct 01, 2012 02:07 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO

Great post! Excellent  information's on loan modification!

Thanks for sharing.

Oct 03, 2012 10:07 AM
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Thanks Adam...These guys always are interesting, and a great boost in the morning.

Oct 04, 2012 11:25 PM