The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (11536)	7/9/2003 2:35:21 PM
From: Les H	Read Replies (1) of 306849

one way is to allow troubled accounts to refinance to pull cash out and/or reduce the monthly payments. didn't the feds authorize some forebearance on mortgages after 9/11 so that up to one year of payments could be skipped and just tacked onto the end of existing mortgages? i posted an earlier article whereby homeholders could refinance rather than go into foreclosure. their last option would be sell the house while they had bubble equity from the 2001-20002 runup.

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