Obama's making home affordable program will help thousands save their homes from forseclosure

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Category:

Education

Tags:

• Obama
• making
• home
• affordable
• loan
• modification
• mortgage
• relief
• refinance
• while
• is
• in
• foreclosure

[coxgirl67]

pretty good ..bullshit!! i have made my 3 trial period payments . saving 5 dollars!!...lol. we are still waiting ...on the laon mod after paying 4,ooo.its been 6 months!!

[mimortgagemod]

The person or company that took your check obviously wasn't familiar with the program or did a poor job of putting your package together. The MHA program is based off of your current household gross income. They take that number and multiply it by 31% and that is what they believe you can afford for your principal, interest, taxes, insurance, and association fee. You might want to contact your servicer directly and find out what type of modification you received.

[tiitytat]

The program is a bunch of BS! It is just a scheme for Freddie Mac to get more of your cash (Rahm Emanuel) You can only refi if you owe 105% of the value of your home. If you owe more (like most people who bought home in the last 4 years) you have to pay the difference in cash. This is ONLY a 5% difference then most banks will give you. Total BS, this won't help anybody. Hussein Obama is a criminal just making more money for his Freddie Mac buddies.

[mimortgagemod]

I'm sorry you feel that way but you must understand that the Refinance is only part of the program. A loan modification is NOT a refinance and there are no credit or appraisal requirements. The loan modification program is for homeowners who are facing or will face imminent default. The definition for immenent default is still wide open at this point so it really depends on your personal situation.

[TheScorbettful]

Yeah this video is a bunch of bullshit, thats what I think and know, everybody are a bunch of liars, and so many promises to people and they dont keep them, what a freaking joke......

[Xsighting101]

@tiitytat

I totally agree with you. My loan servicer told me I owe over $250,000 on my house and asked me what it was worth. Well, the house around the corner is going for $99,000 and it is the same exact model. So who is taking the loss here? Obama is full of shit, he is only out to help himself with his empty speeches and back tracking. So sad that many people can't see through his bullshit!

[Xsighting101]

@coxgirl67

I am in full agreement with you. I have been trying to get my loan modified for over a year now. After hiring an attorney and fighting it out with my lender, they gave me a 3 month trial period payments. Then they sold it to another servicing company who is trying to take my home. They told me straight out that no one is giving people the Hope for homeowners program and no banks are doing it either. Obama=Empty promises.

[Lovinglife0001]

folks stay away from this program...............your better off letting go of your house..........short sale it...pay a lawyer to keep you in your house for as long as possible ..save your morgage checks.......rent cheep.......3 years later your credit will better and you can by a another house for half the price.....