Comments on: Subprime Mortgage Plan – How to Get Help and Avoid Foreclosure With Subprime Mortgage http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html Sun, 16 Jan 2011 07:59:01 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Nin1963 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3732 Nin1963 Sat, 07 Aug 2010 11:43:46 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3732 Bush tapped an obscure federal agency created during the Civil War called the Office of the Comptroller of the Currency. In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act preempting all state predatory lending laws, thereby rendering them inoperative, The federal government's actions were so egregious that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules. Bush tapped an obscure federal agency created during the Civil War called the Office of the Comptroller of the Currency. In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act preempting all state predatory lending laws, thereby rendering them inoperative, The federal government’s actions were so egregious that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.

]]> By: qlty4s2u http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3731 qlty4s2u Sat, 07 Aug 2010 10:58:32 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3731 Our economy is in the perfect storm.With the sub prime debacle,high oil prices,and the falling dollar along with the ever continuing war in Iraq draining our resources.For the first time in my life worry about future of this great country. Our economy is in the perfect storm.With the sub prime debacle,high oil prices,and the falling
dollar along with the ever continuing war in Iraq
draining our resources.For the first time in my
life worry about future of this great country.

]]> By: amyven http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3730 amyven Sat, 07 Aug 2010 10:56:13 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3730 I oppose the bailout, because maybe finally greedy banks will learn to not loan money to people who obviously couldn't afford the mortgage in the first place! And maybe people will learn to SAVE their money instead of taking on too much debt! A bailout will only put a band-aid on the problem, because nobody will learn their lesson and people will continue to do the above. Obviously the economy is suffering now, along with many people, but that's how we learn from our mistakes. I oppose the bailout, because maybe finally greedy banks will learn to not loan money to people who obviously couldn’t afford the mortgage in the first place! And maybe people will learn to SAVE their money instead of taking on too much debt! A bailout will only put a band-aid on the problem, because nobody will learn their lesson and people will continue to do the above. Obviously the economy is suffering now, along with many people, but that’s how we learn from our mistakes.

]]> By: mongobobo http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3729 mongobobo Sat, 07 Aug 2010 10:49:11 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3729 it's worth less. not worthless. pay your mortgage and hang on. it’s worth less. not worthless. pay your mortgage and hang on.

]]> By: mongobobo http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3728 mongobobo Sat, 07 Aug 2010 10:34:48 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3728 yeah, but values will go up. it just means you can't flip anymore. big deal. a house is a home. yeah, but values will go up. it just means you can’t flip anymore. big deal. a house is a home.

]]> By: FreeNMiami http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3727 FreeNMiami Sat, 07 Aug 2010 10:16:42 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3727 Stop the bailout; this is "Liberal Fascism"!!!!! 1) I've been responsible, saving my hard earned dollars in order to by a house, maybe in the next couple of months after 05/2008. Yet, greedy banks and irresponsible individuals get a free pass by the government with a bailout. It's incomprehensible that our Taxed dollars will be used to acknowledge and pay off institutions and individuals by lack of decision making in their part. This is not the America I know! Stop the bailout; this is “Liberal Fascism”!!!!!

1) I’ve been responsible, saving my hard earned dollars in order to by a house, maybe in the next couple of months after 05/2008. Yet, greedy banks and irresponsible individuals get a free pass by the government with a bailout. It’s incomprehensible that our Taxed dollars will be used to acknowledge and pay off institutions and individuals by lack of decision making in their part. This is not the America I know!

]]> By: FreeNMiami http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3726 FreeNMiami Sat, 07 Aug 2010 09:58:42 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3726 2) When someone makes a bad decision, or chooses wrongly, they lose out; you pay the consequences for that decision. Thus, this processes creates the possibility for competence, people are paid back, one why or the other. This government should not be in the business of bailing out institutions or individuals for their lack of foresight!! What ever happen to free markets in this Great Nation?! PLEASE, STOP THE RACKET NOW! 2) When someone makes a bad decision, or chooses wrongly, they lose out; you pay the consequences for that decision. Thus, this processes creates the possibility for competence, people are paid back, one why or the other. This government should not be in the business of bailing out institutions or individuals for their lack of foresight!! What ever happen to free markets in this Great Nation?!

PLEASE, STOP THE RACKET NOW!

]]> By: jmpomerleau http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3725 jmpomerleau Sat, 07 Aug 2010 09:27:16 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3725 In 1986 we were looking for our first (and so far only) home. We were told by the mortgage qualifying process that we qualified for up to a $250,000 home. Remember, this was 1986!! Well we had enough common sense to know that we couldn't manage that in real life and told our realtor that we wanted a home UNDER $100,000. The realtor WAS NOT happy with us. But we stood firm, told him we were his boss, and found our home. These people should have been able to figure it out themselves too. GEEZE! In 1986 we were looking for our first (and so far only) home. We were told by the mortgage qualifying process that we qualified for up to a $250,000 home. Remember, this was 1986!! Well we had enough common sense to know that we couldn’t manage that in real life and told our realtor that we wanted a home UNDER $100,000. The realtor WAS NOT happy with us. But we stood firm, told him we were his boss, and found our home. These people should have been able to figure it out themselves too. GEEZE!

]]> By: RessurrectionGraves http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3724 RessurrectionGraves Sat, 07 Aug 2010 08:54:44 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3724 I am in support of the bailout. Because there are situations where people want to stay in their homes but they were approved for an unfavorable loan. Interest Only etc... It may have been hard to make certain payments as many Americans suffer job loss, deaths in the family, and other tragedies that you don't expect and many don't have the savings to prepare for. It was mistakes made on the lenders end. I am in support of the bailout. Because there are situations where people want to stay in their homes but they were approved for an unfavorable loan. Interest Only etc… It may have been hard to make certain payments as many Americans suffer job loss, deaths in the family, and other tragedies that you don’t expect and many don’t have the savings to prepare for. It was mistakes made on the lenders end.

]]> By: RessurrectionGraves http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3723 RessurrectionGraves Sat, 07 Aug 2010 08:24:55 +0000 http://www.montrosecoloradomortgage.com/subprime-mortgage-plan-how-to-get-help-and-avoid-foreclosure-with-subprime-mortgage.html#comment-3723 It is in the best interest of the lender to reduce the mortgage instead of foreclosing and not getting any money anyway. If they help the homeowner they insure themselves getting paid. It is in the best interest of the lender to reduce the mortgage instead of foreclosing and not getting any money anyway. If they help the homeowner they insure themselves getting paid.

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