Comments on: Obama Wants to Bailout Homeowners http://obama.net/obama-wants-to-bailout-homeowners/ a resource and opinion site Thu, 29 Dec 2011 16:53:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: nancy boyd http://obama.net/obama-wants-to-bailout-homeowners/comment-page-1/#comment-171 nancy boyd Wed, 08 Apr 2009 21:51:24 +0000 http://obama.net/?p=313#comment-171 does anyone know how to get on the home affordability.gov website that was provided by the goverment? it 's suppose to detail the obama's foreclosure bailout plan. does anyone know how to get on the home affordability.gov website that was provided by the goverment? it ‘s suppose to detail the obama’s foreclosure bailout plan.

]]> By: JIMMIE DELOISE BARNETT http://obama.net/obama-wants-to-bailout-homeowners/comment-page-1/#comment-119 JIMMIE DELOISE BARNETT Wed, 11 Mar 2009 01:14:42 +0000 http://obama.net/?p=313#comment-119 The bailout plan sounds encouraging but what happens when you are unemployed by no fault of your own and you can not pay your mortgage? My mortgage company is AMERICA'S SERVICING COMPANY owned by WELLS FARGO. I called them about the loan modifcation plan and I was told that I would have to send them two payments which is $1,000.00 and then they would adjust my interest from 10.68%.I am upset because the company that I work for started downsizing last year and I got behind on my mortgage payments. I ended up sending them $1,890.00 in December 2008 so the would not forclose on my home.Now they are telling me that I have to send another lump sum. I am a sinle parent and i do not want to lose my home. WHAT DO I DO NOW??? CAN SOMEONE HELP ME UNDERSTAND WHY MORTGAGE COMPANIES END UP SCREWING HOMEOWNERS?HOW CAN THE BAILOUT PLAN HELP ME AND OTHERS LIKE ME IN THIS SITUATION?????? The bailout plan sounds encouraging but what happens when you are unemployed by no fault of your own and you can not pay your mortgage? My mortgage company is AMERICA’S SERVICING COMPANY owned by WELLS FARGO. I called them about the loan modifcation plan and I was told that I would have to send them two payments which is $1,000.00 and then they would adjust my interest from 10.68%.I am upset because the company that I work for started downsizing last year and I got behind on my mortgage payments. I ended up sending them $1,890.00 in December 2008 so the would not forclose on my home.Now they are telling me that I have to send another lump sum. I am a sinle parent and i do not want to lose my home. WHAT DO I DO NOW??? CAN SOMEONE HELP ME UNDERSTAND WHY MORTGAGE COMPANIES END UP SCREWING HOMEOWNERS?HOW CAN THE BAILOUT PLAN HELP ME AND OTHERS LIKE ME IN THIS SITUATION??????

]]> By: Lena Turnbull http://obama.net/obama-wants-to-bailout-homeowners/comment-page-1/#comment-24 Lena Turnbull Sat, 14 Feb 2009 02:01:30 +0000 http://obama.net/?p=313#comment-24 I hope that we can reward the responsible homeowners who have continued to pay their mortgage payments (the awful pic-and pay interest only loans)even though the value of their homes are less than their loan. I think it would be a win-win situation if the loan amount is rolled back to 80% of the value of the home. This way the lender losses a little and God knows the homeowner has already paid more interest to these lenders with these pic-and-pay plans. They are the worse of all the loans out there. The mortgage amount continues to grow and the value of the home continues to decline. If they roll it back to the 80% value of the home, the lender will still have the majority of their loan continued to be paid and it gives the homeowner back the ownership of the property that he has been paying on all along. I know the lenders don't want to do this because they are hoping that they will have their cake and eat it to with Americans buying up their bad loans. They aren't worried about the homeowners and what they have done to them. So the homeowner loses twice. As a tax payer, he buys back the very loan that he has to continue to pay on. Make sense!!! I hope that we can reward the responsible homeowners who have continued to pay their mortgage payments (the awful pic-and pay interest only loans)even though the value of their homes are less than their loan. I think it would be a win-win situation if the loan amount is rolled back to 80% of the value of the home. This way the lender losses a little and God knows the homeowner has already paid more interest to these lenders with these pic-and-pay plans. They are the worse of all the loans out there. The mortgage amount continues to grow and the value of the home continues to decline. If they roll it back to the 80% value of the home, the lender will still have the majority of their loan continued to be paid and it gives the homeowner back the ownership of the property that he has been paying on all along. I know the lenders don’t want to do this because they are hoping that they will have their cake and eat it to with Americans buying up their bad loans. They aren’t worried about the homeowners and what they have done to them. So the homeowner loses twice. As a tax payer, he buys back the very loan that he has to continue to pay on. Make sense!!!

]]> By: Patricia Lawler http://obama.net/obama-wants-to-bailout-homeowners/comment-page-1/#comment-21 Patricia Lawler Wed, 11 Feb 2009 17:49:07 +0000 http://obama.net/?p=313#comment-21 Why would congress give then selfs a $93,000 raise when the rest of us strugle to get our realestate taxes and other bills paid. Why would congress give then selfs a $93,000 raise when the rest of us strugle to get our realestate taxes and other bills paid.

]]> By: Patricia Lawler http://obama.net/obama-wants-to-bailout-homeowners/comment-page-1/#comment-20 Patricia Lawler Wed, 11 Feb 2009 17:23:18 +0000 http://obama.net/?p=313#comment-20 During the compain there was talk about providing a one time $10,000 penalty free withdrawal from an IRA. This would really help those of us that would not otherwise be able to keep up with our mortgage payments. Is this somthing that is still on the table. I currently cannot tap my IRA due to penalties. I voted for and stand by you as our president elect, Congradulations MR president. Thank you for your time. During the compain there was talk about providing a one time $10,000 penalty free withdrawal from an IRA. This would really help those of us that would not otherwise be able to keep up with our mortgage payments. Is this somthing that is still on the table. I currently cannot tap my IRA due to penalties.

I voted for and stand by you as our president elect, Congradulations MR president. Thank you for your time.

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