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Answers (10)
- Clay Branch, "Georgia Loans"
- Contributions:7836
It appears OK did not join to make it 50 states but did reach their own agreement with the same 5 lenders for about the same amount of money they would have received in the Nat'l agreement.
- Clay Branch, "Georgia Loans"
- Contributions:7836
I heard OK agreed yesterday, not positive though.
OK, checked the state list; it is Oklahoma that is excluded from the settlement.
- shapiroamg
- Contributions:3058
If this takes up to three years to implement, then we can probably expect home prices to remain down for those three years while underwater homeowners short sale and distresses one's still get foreclosed.
Ok, which of the 50 states did not sign up? It looks like one is missing? I see a list of 50, but that includes District of Columbia.
- Tug of War
- Contributions:1947
A Website has been set up to give information on the settlement. ..National Mortgage Settlement
Not enough..Not soon enough imo
- Dan, "the_country_hick"
- Contributions:4694
3 years to get into compliance?
Hurry up!!! Foreclose on everything possible before 1,000 days pass.
Isn't that the real message here? I mean besides saying those who paid on time were foolish?
Hurry up!!! Foreclose on everything possible before 1,000 days pass.
Isn't that the real message here? I mean besides saying those who paid on time were foolish?
- sunnyview
- Contributions:25127
"Servicers expect to begin reaching out to borrowers in the coming weeks, but they have three years to provide the required help."
Great links! The above quote from the first wsj link caught my eye. What do they expect the underwater owners to do for three years? Are they just hoping that people get so squeezed or tired of waiting in limbo that they just walk so the lenders benefit?
Great links! The above quote from the first wsj link caught my eye. What do they expect the underwater owners to do for three years? Are they just hoping that people get so squeezed or tired of waiting in limbo that they just walk so the lenders benefit?
Does anyone have an details about the National Mortgage Settlement that just passed?
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