Comments on: Tips For Getting A Loan Modification From Your Lender http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/?utm_source=rss&utm_medium=rss&utm_campaign=tips-for-getting-a-loan-modification-from-your-lender Aggressive Yet Responsible Wealth Building For 20-Somethings Sun, 12 Feb 2012 05:50:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: red soled shoes http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-8857 red soled shoes Wed, 05 Jan 2011 03:42:38 +0000 http://20smoney.com/?p=557#comment-8857 Very nice article. I totally agree with your thoughts. Very nice article. I totally agree with your thoughts.

]]> By: James Cochrane http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-7945 James Cochrane Mon, 11 Oct 2010 13:25:00 +0000 http://20smoney.com/?p=557#comment-7945 This is moral hazard at its finest. I have been paying my mortgage on time every month for many years. Actually, it seems from a recent Forbes article: <a href="http://blogs.forbes.com/greatspeculations/2010/10/08/fanning-the-flames-of-moral-hazard-with-foreclosure-moratorium/" target="_blank">http://blogs.forbes.com/greatspeculations/2010/10...</a> you're better off defaulting on your mortgage because the banks are halting the foreclosure process which in turn is letting people who cannot make their payments stay in their houses. Great way to reward irresponsible behavior. What do I get for my responsible behavior? Higher taxes and a debased dollar. Thanks a lot ,Uncle Sam. This really stinks! This is moral hazard at its finest. I have been paying my mortgage on time every month for many years. Actually, it seems from a recent Forbes article:
http://blogs.forbes.com/greatspeculations/2010/10…

you're better off defaulting on your mortgage because the banks are halting the foreclosure process which in turn is letting people who cannot make their payments stay in their houses. Great way to reward irresponsible behavior.

What do I get for my responsible behavior? Higher taxes and a debased dollar. Thanks a lot ,Uncle Sam. This really stinks!

]]> By: Weekend Reading – Market Just Won’t Stop Edition | HighYields.com http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-2169 Weekend Reading – Market Just Won’t Stop Edition | HighYields.com Sat, 29 Aug 2009 04:21:32 +0000 http://20smoney.com/?p=557#comment-2169 [...] Getting Your Loan Modified By Your Lender may be much easier than you think.  20smoney highlights some RIDICULOUS deals his buds have gotten while he’s stuck with his (the horror!) 4.75% rate.  Just kidding, I’d ask myself the same question – the grass is always greener, especially when you’re a taxpayer funding this stuff! [...] [...] Getting Your Loan Modified By Your Lender may be much easier than you think.  20smoney highlights some RIDICULOUS deals his buds have gotten while he’s stuck with his (the horror!) 4.75% rate.  Just kidding, I’d ask myself the same question – the grass is always greener, especially when you’re a taxpayer funding this stuff! [...]

]]> By: Weekend Reading – Market Just Won’t Stop Edition | Darwin's Finance http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-2168 Weekend Reading – Market Just Won’t Stop Edition | Darwin's Finance Sat, 29 Aug 2009 04:06:28 +0000 http://20smoney.com/?p=557#comment-2168 [...] Getting Your Loan Modified By Your Lender may be much easier than you think.  20smoney highlights some RIDICULOUS deals his buds have gotten while he’s stuck with his (the horror!) 4.75% rate.  Just kidding, I’d ask myself the same question – the grass is always greener, especially when you’re a taxpayer funding this stuff! Share and Enjoy: [...] [...] Getting Your Loan Modified By Your Lender may be much easier than you think.  20smoney highlights some RIDICULOUS deals his buds have gotten while he’s stuck with his (the horror!) 4.75% rate.  Just kidding, I’d ask myself the same question – the grass is always greener, especially when you’re a taxpayer funding this stuff! Share and Enjoy: [...]

]]> By: Kevin http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-2157 Kevin Fri, 28 Aug 2009 14:16:18 +0000 http://20smoney.com/?p=557#comment-2157 @philip I'm with you on that. I had 5.875% and just got it dropped to 4.75%. What's funny is I should be excited about that, but then I see several people get their rate dropped to 2% for free when I had to pay $4000 in closing costs to get my 4.75% rate! "change you can believe in"! @philip

I’m with you on that. I had 5.875% and just got it dropped to 4.75%. What’s funny is I should be excited about that, but then I see several people get their rate dropped to 2% for free when I had to pay $4000 in closing costs to get my 4.75% rate!

“change you can believe in”!

]]> By: philip http://20smoney.com/2009/08/28/tips-for-getting-a-loan-modification-from-your-lender/comment-page-1/#comment-2156 philip Fri, 28 Aug 2009 14:07:06 +0000 http://20smoney.com/?p=557#comment-2156 Wow, I wish I could get my rate dropped to anything like that, even yours would be an improvement over my 5.875%. Unfortunatly I did not take out one that my mortgage is anywhere close to my 30% mark, no loss of bonus or job, just freeze of pay so no raises for a while. No kids, and not too many fixed expenses. Plus I am with a credit union for my loan so I can not take advantage of the gov't programs. Still I know that if I had the opportunity or others then they should, even if it annoys me everytime I see someone get it. Wow, I wish I could get my rate dropped to anything like that, even yours would be an improvement over my 5.875%.

Unfortunatly I did not take out one that my mortgage is anywhere close to my 30% mark, no loss of bonus or job, just freeze of pay so no raises for a while. No kids, and not too many fixed expenses.

Plus I am with a credit union for my loan so I can not take advantage of the gov’t programs.

Still I know that if I had the opportunity or others then they should, even if it annoys me everytime I see someone get it.

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