Email: enrique.herbella@communityacce ...
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George,
Stop paying, huh? Blame the USA, huh? You mention nothing about a financial hardship. Just about decreased value. Almost every property owner is in that same situation. What would happen if everyone that had a mortgage stopped paying? ....Rudi
...alright...game over. The house is worth 218K. I think I will stop paying. Way to go USA!
Lender rating
Since January 2009
I am in NY state, it includes point (around 4500), mortgage tax (near 3000), property tax in escrow account (about 6000), attorney fee, title insurance etc, sum up to 19000$ :(
Lender rating
Since January 2009
Lender rating
Since January 2009
Lender rating
Since August 2009
George,
since GMAC is your only option, pursue the process. you will have 3 days to cancel after the final loan documents are signed. the agents answer does sound correct since this program is very, very new. to help, after you signed your loan documents, stop by my office in El Dorado Hills. we can go over the documents and make sure no hidden "gotcha's" or PMI.
Lender rating
Since August 2009
Lender rating
Since August 2009
Lender rating
Since April 2009
Second thought: If GMAC has opened up the Freddie plan to brokers, you can contact a broker. I don't know if they have? Maybe someone else can answer that question?
Lender rating
Since April 2009
With a Freddie Mac mortgage you are stuck with GMAC. Provisions that will eliminate homeowners from taking advantage of the program are: Negative amortization mortgages, Community Homebuyer mortgages, Lender Paid Mortgage insurance. A few more exsist as well. Bottom line is for the new program, you are stuck with GMAC. Wicked Freddie Mac rule to keep loans with servicers&restrict the free market system from working. Nice plan Tim Gietner/Treasury Secretary has come up with to help big business........
Lender rating
Since August 2009
Lender rating
Since August 2009
Lender rating
Since August 2009
Lender rating
Since August 2009
Even if you get your own appraisal, they could still slam the value down based on their research. Might end up costing you a couple hundred dollars for an appraisal and no new loan.
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Why Won't Ditech Let Me Refinance Under Obama's?
George300
Contributions: 20
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They asked me to get my own appraisal, and that they would honor it. What can I do? This sounds to fishy to me.
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