Thread: SUCCESSFUL LOAN MODS(5yrs fxd) PAY ATTENTION (THE BATTLE IS OVER BUT THE WAR HAS JUST BEGUN)
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Old 08-23-2008, 09:37 AM   #2 (permalink)
unclmikl
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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.
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