Loan Modification Forum - LoanSafe.org - View Single Post - Final Housing Bill Passes House, Bush to Sign into Law

cwb124 · 07-27-2008, 12:13 AM

I am also very concerned with the "voluntary" part of this bill. If you think you've been having trouble trying to get your servicer to simply modify the loan, good luck trying to convince them to write down 20% to 30% of it.

My questions is if anyone benefits, who will it be? Mortgages under $200k or the big ones over $400k+?

07-27-2008, 12:13 AM	#34 (permalink)
cwb124 Member Join Date: Jun 2008 Posts: 25	Re: Final Housing Bill Passes House, Bush to Sign into Law I am also very concerned with the "voluntary" part of this bill. If you think you've been having trouble trying to get your servicer to simply modify the loan, good luck trying to convince them to write down 20% to 30% of it. My questions is if anyone benefits, who will it be? Mortgages under $200k or the big ones over $400k+?