But if your credit took a hit due to a divorce or sickness you took it on a 2-28 knowing you could make these payments and build your credit back up so when the time came to refinance you could get a better rate.

But the banks changed the rules along the way they dropped just about all of the programs they used to get these people into there homes to begin with and now even if your credit has risen and payments to every one of your creditors has been made on time you cannot get refinancing so you are at the Mercy of a bank who will raise your percentage rate 2 points every 6 months until it reaches its peak and that is what is happening here.

So please do not think that a lot of these people have low mortgages at your expense because the majority of their percentage rate are much higher than you could imagine.

I’m currently at 11.7 percent luckily I can afford it but trust me if I couldn’t in the months that it would take the bank to foreclose I would gut this house right down to the copper electrical wire and sit back and relax while watching the watching the wall studs burn in the fire place.

Let the banks repo a few thousand homes in that condition just to see how far their greed will get them.

Garnish wages for a lifetime? Forceed organ harvesting? I think that bad financial decisions should not result in a lifetime sentence for anyone. And, organ harvesting because some people aren’t financially savvy or possible greedy? What happened to Flim Flam in his/her childhood. Either Flim Flam is alcoholic and/or sociopathic with a psychopathical edge. What a cruel, cruel, person.

-Ronald Reagan

Is the property value changed ?

Why not surrounding land owners press for property tax reduction across the board!

Force the flipper/investors into a different loan packages from home owners.

Beside that, experts says, that the mortgage freezing will do nothing to help those people who are currently iliquid and are facing foreclosure auctions.