tag:blogger.com,1999:blog-14963913.post6101603499298909929..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: It Shouldn't Be That Hard To UnderstandKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14963913.post-84178875065427314692008-11-05T21:35:00.000-05:002008-11-05T21:35:00.000-05:00KD...More good stuff by you. I do believe the rea...KD...More good stuff by you. I do believe the real estate/mortgage crisis answer is much simpler. It requires govt from taking direct action and calls for each individual company to make decisions on specific scenarios. For instance, if you have a well intentioned homeowner who does what he/she can to maintain a reasonable life for their family and a slight adjustment to their existing lien saves you time and energy to chase down payments they cannot make when and if their loan adjusts unfavorably, make that decision then. Liquidate your lien NOW for 95% of the existing balance and move on to the next case. If liquidating is not an option due to the fact that they're underwater so far that a refinance is out of the question, modify their terms if you think they can repay at more favorable terms. What cannot happen is govt grants being given haphazardly to some folks while others are still strangled. Let the servicers decide what route they want to take and see who sinks and who swims. Let's also hope that the new administration does not focus valuable time and energy on promoting any further HUD programs that are simply not viable. It's a ploy that this admin utilized twice in the last 16 months, gave sruggling folks only to have the rug pulled out from under them.<BR/><BR/>Keep the faith.Anonymousnoreply@blogger.com