Mortgage Relief Bill
So much for the big mortgage reliefe bill signed by the President. I haven't heard of a lender yet willing to re-negotiate....especially my lender NATIONAL CITY. They are just as arrogant and cocky as always!
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This new mortgage law reminds me of the new bk law passed in 2005 that Congress named the Bankruptcy Abuse Prevention and Consumer Protection Act. What a joke! Didn't prevent abuse any better than the old law and certainly did not protect consumers.
Like BAPCPA, this new mortgage bill is just smoke and mirrors to keep us non-millionaire citizens complacent thinking Congress and the President are helping us when in reality they are helping rich people and corporations more, that's all.Last edited by lrprn; 08-01-2008, 05:47 PM.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go -
Mortgagees to pay 3% of the purchase price and lower the mortgage.
Mortgagors to pay 1% funding fee every single year.
Pardon my French, it is like peeing in the ocean.Comment
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I impressed that anyone in congress can spell "mortgage relief"...Comment
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