Question about President Obama's Stimlus Plan - Loan Modification Forum

Byram_MS · 01-28-2009, 05:29 PM

Is there anything in this stimulus plan that will help homeowners or force lending institutions to restructure or modify existing mortgages?

antomax · 01-28-2009, 06:11 PM

I would like to know too.

Byram_MS · 01-29-2009, 09:41 AM

*** I would love to hear from you.

Moe Bedard · 01-29-2009, 10:47 AM

I prefer to read or hear about it in breaking news segments...........these types of plans keep getting revised until they get passed with the final plan getting released after it passes....................so I like to wait and see what the final bill entails to see if their are any new programs to be released that could help.

but if anyone want to read the 647 pages of the proposed bill.............here it is.

http://www.rules.house.gov/111/LegText/111_hr1_text.pdf

I am keeping a closer eye on the Bankruptcy Cram Down law..........that, if passed, is going to be the kick in the rear for investors to do principal reductions on modifications before customers file for BK.

01-28-2009, 05:29 PM	#1 (permalink)
Byram_MS Member Join Date: Jan 2009 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Question about President Obama's Stimlus Plan Is there anything in this stimulus plan that will help homeowners or force lending institutions to restructure or modify existing mortgages?

01-28-2009, 06:11 PM	#2 (permalink)
antomax Senior Member Join Date: Jan 2009 Location: NJ Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Question about President Obama's Stimlus Plan I would like to know too.

01-29-2009, 09:41 AM	#3 (permalink)
Byram_MS Member Join Date: Jan 2009 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Question about President Obama's Stimlus Plan *** I would love to hear from you.

01-29-2009, 10:47 AM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Question about President Obama's Stimlus Plan I prefer to read or hear about it in breaking news segments...........these types of plans keep getting revised until they get passed with the final plan getting released after it passes....................so I like to wait and see what the final bill entails to see if their are any new programs to be released that could help. but if anyone want to read the 647 pages of the proposed bill.............here it is. http://www.rules.house.gov/111/LegText/111_hr1_text.pdf I am keeping a closer eye on the Bankruptcy Cram Down law..........that, if passed, is going to be the kick in the rear for investors to do principal reductions on modifications before customers file for BK. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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