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

loanmodwannabe · 07-27-2008, 10:47 AM

Moe,
I think your message is a call to financial "arms" - we must do something! We are all in the same boat, and by seeing your increased page views on this site, this movement is swelling. We must get the word out and spread your message - we must MAKE the banks help us, not politely ask them to voluntarily cooperate. I think this bill is a huge propaganda machine as well intended solely to bail out Fannie and Freddie. The fact that "total debt cannot exceed 95% of the home's appraised value at the time" in order to be considered for this program pretty much discounts the majority of us in this forum since many of us owe much more than our homes are worth. This bill is filled with too many hoops to jump through, it's all lip service to make our elected officials look good. Keep up the fight, Moe!!!!

07-27-2008, 10:47 AM	#39 (permalink)
loanmodwannabe Senior Member Join Date: Jan 2008 Posts: 54	Re: Final Housing Bill Passes House, Bush to Sign into Law Moe, I think your message is a call to financial "arms" - we must do something! We are all in the same boat, and by seeing your increased page views on this site, this movement is swelling. We must get the word out and spread your message - we must MAKE the banks help us, not politely ask them to voluntarily cooperate. I think this bill is a huge propaganda machine as well intended solely to bail out Fannie and Freddie. The fact that "total debt cannot exceed 95% of the home's appraised value at the time" in order to be considered for this program pretty much discounts the majority of us in this forum since many of us owe much more than our homes are worth. This bill is filled with too many hoops to jump through, it's all lip service to make our elected officials look good. Keep up the fight, Moe!!!!