Loan Modification Forum - LoanSafe.org - View Single Post - SUCCESSFUL LOAN MODS(5yrs fxd) PAY ATTENTION (THE BATTLE IS OVER BUT THE WAR HAS JUST BEGUN)

unclmikl · 08-23-2008, 09:37 AM

i was also thinking that if this is the loan of last resort for us it would be for our lenders also why would they want to agree to a write down and take a loss on the loan. when they can restructure it and come out ahead in the long run.
so maybe this housing bill is to make lenders mov than arses.
unclmikl

08-23-2008, 09:37 AM	#2 (permalink)
unclmikl Senior Member Join Date: Aug 2008 Location: Mobile AL Posts: 77	Re: SUCCESSFUL LOAN MODS(5yrs fxd) PAY ATTENTION (THE BATTLE IS OVER BUT THE WAR HAS JUST BEGUN) i was also thinking that if this is the loan of last resort for us it would be for our lenders also why would they want to agree to a write down and take a loss on the loan. when they can restructure it and come out ahead in the long run. so maybe this housing bill is to make lenders mov than arses. unclmikl