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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (492010)7/1/2009 12:11:34 PM
From: Road Walker  Read Replies (1) | Respond to of 1574194
 
It's a proven fact that if they can't pay now, somewhere down the line they will fall in arrears again.

Link?



To: Jim McMannis who wrote (492010)7/1/2009 12:11:51 PM
From: tejek  Read Replies (1) | Respond to of 1574194
 
It's a proven fact that if they can't pay now, somewhere down the line they will fall in arrears again. OR, they will walk because they see it as hopeless to pay a mortgage on a house that's less 50% of what they bought it for.

If its a proven fact, banks would not do forebearance workouts. Many a mortgage payment has been reduced temporarily to get people over a bad hump. Not all people can be saved that way but some can.


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