Jeffrey Kachele wrote on December 12, 2008 03:09 PM: My wife and I bought a townhome in Las Vegas in 2005. Everyone said its always better to own then to rent. We paid 192,000 plus weve sunk 8,000 into it. If we had stayed in our apt we would now have 80,000 saved (our current balance on the loan is 143,000) and we have paid off other debt, we would have a mortgage 400.00 less a month and be in a bigger property with a 2 car garage and a yard, with money to spare for traveling etc. Instead we are upside down over 40,000 even with putting approx 57,000 into it, because it is now worth somewhere between 80,000 and 105,000. Now the government and our lender will not help us because we make our payments on time, yet others will get 150k or more wiped off there balance because they paid poorly while we continue to make payments plus interest on something in which we have no equity. Later my daughter will pay taxes for this. Is that fair? Will Obama help us and reward us for our prudent behavior or just use my tax dollars to reward those who take advantage of the system? Where is the honesty and hardwork in that? Anyone who is still paying on the mortgage and playing by the rules who is upside down (and who hasnt taken out equity and been irresponsible) should write to Obama, or maybe stand outside of the White House with millions of other Americans until the honest people that do pay are also helped!!! Write to your representative, complain to the media, get the word out...this bailout is morally WRONG!

Len wrote on October 17, 2008 10:34 AM: Scott, I can help you navigate the process of modifying your loan with Countrywide. if you did not send a budget to them it is still possibile to get a modification. This process is complex and should not be attempted by someone who has not successfully completed one before. call me at 592-9725 and I will explain it further.

Scott wrote on October 14, 2008 08:45 PM: After reading the article on Countrywides loan modification offer I got excited and called the customer service number to inquire about it, I was refered to four different departments just to find out my loan, which is an ajustable rate mortgage and went up by $700.00 per month, did not qualify because when I took out the loan three years ago it was backed by Wells Fargo? I took the loan out with Countywide, their goodwill only applies to BOA backed loans. I don't believe they should get the goodwill card for only helping their own customers?

Joe wrote on October 12, 2008 07:11 PM: Good luck!

Smelly Smerky wrote on October 08, 2008 12:08 PM: I am voting against Shelley Berkley. She didn't do anything for me so why should I vote for her. She even blamed it all on the lenders. Think again Shelley. See you in the unemployment line!!! Brother can you spare a dime.........

Jose Martinez wrote on October 07, 2008 11:19 PM: In 2006, I was told about a special program to get me into a mortgage to buy a new home for $400,000, even though I make $10/hr as a busboy and my wife does not work. She takes care of our 3 kids. When the homes in my neighborhood dropped to $250,000, I just stopped paying and planned to find a rental!! Now, BOA will reduce my mortgage balance to $250,000 and my rate, so I plan to take my familia to the San Diego Zoo in November!! Adios.

Sincerely,

Jose Martinez

A.P. Giannini wrote on October 07, 2008 08:48 PM: I will be calling B of A to get my 5.875% mortgage converted to a 3.5% mortgage otherwise I will stop paying on my house.

Gilberto Perez wrote on October 07, 2008 08:44 PM: How about that!It is better to be lucky than good! I'm about to loose my house to CITI-RESIDENTIAL. I called them today to see if I could work something with them and the answer was that they don't do that. Translation: they don't care.I lost mt job last month and have not been able to find another.Still I have to see how this illiterate fricking president giveS CITI BANK billions of dollars, money that we all have to pay. Where is the justice for all thing?

D Jones wrote on October 07, 2008 07:35 PM: I love the fact that these morons will still have to pay for a house worth less than the original purchase price, no matter how much the principal is lowered. I bought my home 13 years ago. Yes, it's worth less now than in 2005/06, but if I sold it, I could still make a profit.

Speaking of morons, do the speculators get this deal too? What's the definition of a homeowner to the bank? Are they requiring proof of residence?

Citizen wrote on October 07, 2008 05:37 PM: Cut the BS folks...we are heading into a DEPRESSION! Wake up and get ready for the greatest melt down since 1929!

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