Comments on: Loan Modifications… yes, again!!!!!!!! http://wallaceandkelly.com/2010/01/19/loan-modifications-yes-again/ "All Things Real Estate and Some Other Stuff Too..." Wed, 12 Oct 2011 15:29:57 -0700 hourly 1 http://wordpress.org/?v=3.1.3 By: Dan http://wallaceandkelly.com/2010/01/19/loan-modifications-yes-again/comment-page-1/#comment-188 Dan Tue, 19 Jan 2010 23:33:32 +0000 http://wallaceandkelly.com/2010/01/19/loan-modifications-yes-again/#comment-188 Surprise! Surprise! Well, considering that most of these banks wont even talk to you until you are 90 days behind on your mortgage, its no wonder one's credit goes in the toilet. This mentality baffles me, considering that these banks want you to have "perfect" credit to buy a home. So, lets see how this makes sense? Let's ruin the credit of hundreds of thousands of people who lost their jobs or been downsized. Or people who just got into the wrong kind of loans and lost their houses, so that none of these individuals can buy a refrigerator, or a car or a house for quite some time! Like 10-15 years! Isn't this called cutting off your nose to spite your face? The economy is sure to recover in a hurry when very few people have the ability to purchase anything with credit. It seems that there are a lot of people out there with cranial rectosis! Surprise! Surprise! Well, considering that most of these banks wont even talk to you until you are 90 days behind on your mortgage, its no wonder one’s credit goes in the toilet. This mentality baffles me, considering that these banks want you to have “perfect” credit to buy a home. So, lets see how this makes sense? Let’s ruin the credit of hundreds of thousands of people who lost their jobs or been downsized. Or people who just got into the wrong kind of loans and lost their houses, so that none of these individuals can buy a refrigerator, or a car or a house for quite some time! Like 10-15 years!

Isn’t this called cutting off your nose to spite your face?

The economy is sure to recover in a hurry when very few people have the ability to purchase anything with credit.

It seems that there are a lot of people out there with cranial rectosis!

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