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Walters Consulting

Pro

Estimating and Project Manager / Pr (13 years experience)

Specialties:
Consulting,
Commercial R.E.,
Property Management,
Interior Design

Advice

  • (1649 Contributions,
  • 0 Best Answers,
  • 308 Helpful)

Contributions are sorted newest to oldest.

Morgage Modification Blunder...could use some feed back.

Response

you know the funny thing is i would have gladly paid the original payment but they offered me a lower intrest rate to knock a few hundred bucks of my monthly... but thank you for your kind words and advise.

  (0)
Morgage Modification Blunder...could use some feed back.

I could use some feed back...I ask bank for a loan mod on my house which I paid 389k for and is now worth 300k.Bank grants me trial period  of 3 months at reduced rate.I complete trial period and call to see what next.They say they are back logged so just keep making new payment amount.11 months go by and still no final.Get letter stating I missed a payment and the loan mod has been tossed out.I have records showing I have made all payements.They want me to go back to paying old bubble era payment and pay lump some including late fees ect to get current.What should I do?Thanks!

  (0)
Would paying cash help to get a home at a lower price?

Answer

cash is almost always king but if someone is a qaulified buyer with a pre aroval letter and is ready to sign its all the same to me... if i am not getting any offers and some cash buyer comes along i may be ready to deal.

  (0)
why is the newly-announced $6500 tax credit only for people that have owned their home 5 of 8 years?

Answer

its kind of like the cash for clunkers program. it was a mild sucess and did in fact help the economy as well as just a great buzz work that people could get behind. they are i am sure hoping the same can happen here. no one should fool them selves into thinking this is the save all but make no mistake it will give it a push and that is what the market needs. i know many want to see it crash harder and are pissed that their tax dollars got involved.

  (1)
$8000 Tax Credit Extended and Expanded!

Response

the 8000 is to try and stimulate the economy and the 6500 is to try and keep owners from walking away. its a great idea and should help...

  (0)