Active Questions
| Home Organizing & Cleaning / 6:07 PM - Friday February 10, 2012 |
What does the current mortgage crisis mean for me, as the current home owner of one of the banksnamed that would have to offer its customers some leeway for their mortgages? Before I call my mortgage company I want to make sure I understand what questions I should ask. - Asked by amy1022, Female, 46-55, Teaching |
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I feel sorry for people who are lossing there homes its a shame to no jobs to.
- Response by pawbuddys, Female, 46-55
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I don't know the exact numbers or anything and I don't think things are even passed for sure yet or finalized, but apparently the plan is to reduce principal amounts off loans that are severely delinquent or for people who have been "victims" of robosigning, which is what the government pretends is the same thing as random foreclosures and not automated notifications based upon the length of delinquency. I have heard the number $25k reduced off the principal along with more lenient refinancing terms with lower interest rates which can reduce up to $350 a month off some mortgages.
- Response by jlees, A Guy Critical, Male, 26-28
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If you're not behind, you're fine. I would call your bank and ask about refinancing options and see if you qualify. The fees are outrageous and I feel they are too high and unfair.
- Response by graziella, Female, 46-55, Philadelphia, Medical / Dental
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I use to be a Bank Of America client. I wonder what's in it for me?
- Response by richard77, A Creative, Male, Who Cares?, Self-Employed
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Not in the banking/lending/mortgag e business, so have no idea. I imagine it would depend on your particular situation. Have no suggestions, sorry.
- Response by gingham, Female, 66 or older, Baltimore, Construction
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