Comments on: Passage of H.R. 1106 May Mean Bankruptcy Courts Can Modify the Terms of Your Mortgage http://www.keepmyhouse.com/2009/03/06/passage-of-hr-1106-may-mean-bankruptcy-courts-can-modify-the-terms-of-your-mortgage/ All about loan modifications and more Fri, 15 May 2009 10:05:53 +0000 http://wordpress.org/?v=2.6.5 By: Patricia http://www.keepmyhouse.com/2009/03/06/passage-of-hr-1106-may-mean-bankruptcy-courts-can-modify-the-terms-of-your-mortgage/#comment-863 Patricia Sat, 11 Apr 2009 03:22:33 +0000 http://www.keepmyhouse.com/?p=379#comment-863 Dear Senator, Thank you for supporting the middle American. Many Senators are looking out for their own interests as well as lobbyist who influence them as well as bankers who motivate them to "Nay" the bill. God bless you and your family. Patricia Dear Senator,

Thank you for supporting the middle American.
Many Senators are looking out for their own interests
as well as lobbyist who influence them as well as bankers
who motivate them to “Nay” the bill.

God bless you and your family.
Patricia

]]> By: Mary Ella http://www.keepmyhouse.com/2009/03/06/passage-of-hr-1106-may-mean-bankruptcy-courts-can-modify-the-terms-of-your-mortgage/#comment-341 Mary Ella Mon, 09 Mar 2009 06:49:58 +0000 http://www.keepmyhouse.com/?p=379#comment-341 does this change to modify the primary, but if the second hone IS an business that generates equity and rental, can that too be modifited? I have two over the top mortgages for both primary and a rental. at this point should I give the rental away at short sale? And hope for the primary to be modified and at what point do I try the bankruptcy? My income can barely cover the primary, since I have had a decrease of an already low income. I am quite sure the primarys modification aplication was done very carelessly not knowing the seriousness of the outcome. And at the time Ididn't have any income for 7 weeks, thinking that it would be easy to see I needed the help. My income is all cash and I have had a rather generious fiencie that was doing me a favor and helping me pay some of my more of the overhead that was pulling me down. Now he is gone, and going to modify and see undocumented low cash income wil. kil my chances. Bad application of modification low income ..not good. Short selling the house I don;t live in, and already increasing the income and budgeting, I am hope I still have a chance. The short sale cleared the mortgages on the house, it means the property value went down from 2.5 milion to 1.m.. This process is so time consuming, with the Hud counselar prep and anxiety, then she said "get a Lawyer"...Docking, calling and reading this website like I was is a BIBLE, not sure what I would have done. SO I may have done a bad presentation of th Mod. intake I hope I can reverse the damage in the approach. Obama is a hard man to keep up with, but the changes and at the speed they are being made is more than needed in these times? What was Bush doing for 8 years....Obama has restored confidence that we are being heard.serious damage has been done all the way around. Thank You Mary Ella does this change to modify the primary, but if the second hone IS an business that generates equity and rental, can that too be modifited? I have two over the top mortgages for both primary and a rental. at this point should I give the rental away at short sale? And hope for the primary to be modified and at what point do I try the bankruptcy? My income can barely cover the primary, since I have had a decrease of an already low income. I am quite sure the primarys modification aplication was done very carelessly not knowing the seriousness of the outcome. And at the time Ididn’t have any income for 7 weeks, thinking that it would be easy to see I needed the help. My income is all cash and I have had a rather generious fiencie that was doing me a favor and helping me pay some of my more of the overhead that was pulling me down. Now he is gone, and going to modify and see undocumented low cash income wil. kil my chances. Bad application of modification low income ..not good. Short selling the house I don;t live in, and already increasing the income and budgeting, I am hope I still have a chance. The short sale cleared the mortgages on the house, it means the property value went down from 2.5 milion to 1.m.. This process is so time consuming, with the Hud counselar prep and anxiety, then she said “get a Lawyer”…Docking, calling and reading this website like I was is a BIBLE, not sure what I would have done. SO I may have done a bad presentation of th Mod. intake I hope I can reverse the damage in the approach. Obama is a hard man to keep up with, but the changes and at the speed they are being made is more than needed in these times? What was Bush doing for 8 years….Obama has restored confidence that we are being heard.serious damage has been done all the way around. Thank You Mary Ella

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