Posted on 12/19/2009 7:35:14 AM PST by FromLori
At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment.
Wynn, a program director for a youth home in North Carolina, is just one of a growing number of homeowners getting dream workouts on their mortgages. Some are even getting sweet 2% deals.
(Excerpt) Read more at money.cnn.com ...
You don’t have a 13% mortgage and a high monthly if you had a real down payment and solid credit. I just bailed out another loser.
Reparations in full swing.
***Rosie Brooks had her $48,000 mortgage forgiven in exchange for a one-time $3,000 payment.***
Wait till the IRS hits her with income taxes on the $48000 dollars. They look at forgiven debts as income in the form of goods and services.>;-D he he he
We need to go take over that house we just bought, or at least go for a visit and clean out his frig.
“Wait till the IRS hits her with income taxes on the $48000 dollars....”
they won’t even think of it...trust me...look up her party affiliation...and sit back and enjoy, you and I and our responsible children and grandchildren paying it off.....
Want to get really mad? The following is from NACA’s website.
Advocating for Your Solution
If your servicer or investor does not accept your NACA solution, your participation in our advocacy campaigns will be even more important in achieving a long-term affordable payment you and many others. It is personal if you lose your home which results in losing your neighbors, your children losing their school and friends, losing your community and turning your lives upside down to say the least. Since the ultimate decision maker is the CEO of your servicer and investor or government official we hold them personally responsible.
We will provide you with their direct contact information, personal phone numbers, addresses of the homes they own and anyother information. This information will also put on our website at www.naca.com. Much of this information comes from our members who do the services including cleaning the homes, providing security and much more for these over-paid executives. They cannot hide. We then go to their homes with hundreds of homeowners to hold them personally responsible for their actions. While these actions are non-violent , they do result to personal interactions that force these executives to be personally responsible for their actions. We are also holding government officials responsible since their programs often do not meet the NACA standard. You need to involve your family members, your friends, your co-workers, your neighbors and everyone else. Your responsibility is to relentlessly call, email and advocate until they get your solution accepted. Your direct advocacy with the hundreds of thousands of NACA Members will be an irresistible force.
Stage 8
Click here for local office Participation
We need your continued participation to advocate for other homeowners with an unaffordable mortgage and for economic justice. We are thy bothers keeper and cannot be satisfied until we all receive the NACA affordable solution. There are numerous activities to take part in, including participating in demonstrations; volunteering in the NACA office; assisting other homeowners or homebuyers, and; and providing your skills and knowledge to assist others. Contact your local office or NACA’s national office at 1-888-302-6222 to discuss how you can volunteer. Thank you for your continued involvement with NACA.
Probably on disability, EBT, AFDC, SCHIP and EIC with EIC advance payments....yesireee.....a real producer!
That was the case with California couple with the Jumbo getting refinanced to %2 fixed by Wells Fargo. It may help WF cook the books now, but it will be a drag later on.
You’re spot on.
The problem is, if you voted for the guy, you’re probably not on the hook to pay for his redistribution gifts... at least, you’re not smart enough to figure it out.
We. Are. Screwed.
Good for Rodney Wynn...doin’ it on my back, someone who bought a smaller house that fits my budget.
And my taxes are going up.
Yee haw. Big government rules.
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