Comments on: My Personal Experience with the Sub Prime Mortgage Mess http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/ The Daily Ramblings of Malach the Merciless Mon, 15 Mar 2010 07:58:11 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: lee http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-27771 lee Mon, 07 Dec 2009 01:57:51 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-27771 Hey thanks for the good read. Hey thanks for the good read.

]]> By: xuxppxxuxyyy http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-23661 xuxppxxuxyyy Sat, 27 Dec 2008 13:04:30 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-23661 hello it is test. WinRAR provides the full RAR and ZIP file support, can decompress CAB, GZIP, ACE and other archive formats. hello it is test. WinRAR provides the full RAR and ZIP file support, can decompress CAB, GZIP, ACE and other archive formats.

]]> By: AURA NELIA CUELLAR http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-23026 AURA NELIA CUELLAR Thu, 04 Dec 2008 19:49:48 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-23026 Dear Malch, BRAVO , BRAVISSSIMO, CONGRATULATIONS. WHAT ELSE CAN I SAY. Now, please help me with this question. Do you think my mortgage company will reduced my interest rate, without refinnancing and without a fine print that makes me regret having ask them to lower my interest rate?. I will finish paying my loan in 6 more years, but right now I am counting every penny to cope with the payments. Thank you kindly Nelly Dear Malch,
BRAVO , BRAVISSSIMO, CONGRATULATIONS. WHAT ELSE CAN I SAY.

Now, please help me with this question.
Do you think my mortgage company will reduced my interest rate, without refinnancing and without a fine print that makes me regret having ask them to lower my interest rate?. I will finish paying my loan in 6 more years, but right now I am counting every penny to cope with the payments.
Thank you kindly
Nelly

]]> By: FeeplyStehoulty http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-23002 FeeplyStehoulty Mon, 01 Dec 2008 14:06:19 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-23002 Hi. I repeatedly scan this forum. This is the oldest culture unequivocal to ask a ridiculous. How numberless in this forum are references Nautical port behind, disingenuous users? Can I bank all the communication that there is? Hi. I repeatedly scan this forum. This is the oldest culture unequivocal to ask a ridiculous.
How numberless in this forum are references Nautical port behind, disingenuous users?
Can I bank all the communication that there is?

]]> By: Dexter http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-21877 Dexter Tue, 26 Aug 2008 17:29:17 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-21877 Автор, а у вас никто статьи не ворует? А то у меня достали уже - копируют и копируют. И самое главное, что даже ссылку на мой сайт никто не удосужится поставить. Автор, а у вас никто статьи не ворует? А то у меня достали уже – копируют и копируют. И самое главное, что даже ссылку на мой сайт никто не удосужится поставить.

]]> By: Malach the Merciless http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10530 Malach the Merciless Sat, 02 Feb 2008 23:46:28 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10530 Mybird: Nice story, I am glad you are out of your mess and recovering like me and the wife. Mybird: Nice story, I am glad you are out of your mess and recovering like me and the wife.

]]> By: Mybrid http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10528 Mybrid Sat, 02 Feb 2008 23:25:41 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10528 While my husband and I haven't been through the hell you've been through, we've also experienced the recent hardships involved with the housing market. We moved a year ago to a single family home. Our townhouse was in the market for ten months before we finally settled. During those ten months we dropped the price by $70,000! Our neighbours across the street sold their townhouse a year before us for $150,000 more! While we still made a profit, the past ten months were a huge financial burden on us. We had two mortgages, an equity loan and a bank loan. In December 07 we had to decide not to pay the mortgage until the last minute. Thankfully, both of us got a bonus from our job that allowed us to pay it before it was late. This was the first Christmas we didn't buy presents for ANYONE. Our marriage is still in recovery from the past ten months of tension and financial strain. While my husband and I haven’t been through the hell you’ve been through, we’ve also experienced the recent hardships involved with the housing market. We moved a year ago to a single family home.

Our townhouse was in the market for ten months before we finally settled. During those ten months we dropped the price by $70,000! Our neighbours across the street sold their townhouse a year before us for $150,000 more!

While we still made a profit, the past ten months were a huge financial burden on us. We had two mortgages, an equity loan and a bank loan. In December 07 we had to decide not to pay the mortgage until the last minute. Thankfully, both of us got a bonus from our job that allowed us to pay it before it was late. This was the first Christmas we didn’t buy presents for ANYONE.

Our marriage is still in recovery from the past ten months of tension and financial strain.

]]> By: Malach the Merciless http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10334 Malach the Merciless Fri, 01 Feb 2008 16:58:09 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10334 I would try refinance, the rates are awesome right now, fix it for life I would try refinance, the rates are awesome right now, fix it for life

]]> By: The Real Mother Hen http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10329 The Real Mother Hen Fri, 01 Feb 2008 16:19:18 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10329 Oh thank you thank you. My fixed is for 7 years, but I'll go check my documents now... Oh thank you thank you.
My fixed is for 7 years, but I’ll go check my documents now…

]]> By: Malach the Merciless http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10234 Malach the Merciless Fri, 01 Feb 2008 04:59:52 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10234 Thanks Pheobe, I might have lost about $10k in savings, but I still have about $50K equity in the home. Thanks Pheobe, I might have lost about $10k in savings, but I still have about $50K equity in the home.

]]> By: Phoebe Fay http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10227 Phoebe Fay Fri, 01 Feb 2008 03:52:53 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10227 So sorry to hear you went through all that. I used to work a little at a title company. Packages from lenders were routinely 100 pages long. And most of the folks at the closing table didn't really understand any of it. That's including the mortgage brokers. They're not financial people mostly. They're sales people with some minimal training. In Colorado, up until a couple years ago, mortgage brokers weren't even required to be licenses. Any Tom or Sally could throw up a shingle. And Colorado has one of the highest foreclosure rates in the country. That's not a coincidence. Glad you're out of that situation now. Expensive education for you, but hopefully some other folks can benefit from your experience. So sorry to hear you went through all that. I used to work a little at a title company. Packages from lenders were routinely 100 pages long. And most of the folks at the closing table didn’t really understand any of it. That’s including the mortgage brokers. They’re not financial people mostly. They’re sales people with some minimal training. In Colorado, up until a couple years ago, mortgage brokers weren’t even required to be licenses. Any Tom or Sally could throw up a shingle. And Colorado has one of the highest foreclosure rates in the country. That’s not a coincidence.

Glad you’re out of that situation now. Expensive education for you, but hopefully some other folks can benefit from your experience.

]]> By: Malach the Merciless http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10225 Malach the Merciless Fri, 01 Feb 2008 03:29:36 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10225 From what I know, GMAC really did not get into the sub prime fiasco. Most of the Sub APR mature in 2 - 3 years, it will also be in your mortgage documentation, the payment schedule. From what I know, GMAC really did not get into the sub prime fiasco. Most of the Sub APR mature in 2 – 3 years, it will also be in your mortgage documentation, the payment schedule.

]]> By: The Real Mother Hen http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10223 The Real Mother Hen Fri, 01 Feb 2008 03:16:49 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10223 You know, I can't figure out if I have a sub-prime or not? I use GMAC Mortgage and I pay an Fixed Rate... does it mean I got a sub-prime loan?! You know, I can’t figure out if I have a sub-prime or not?
I use GMAC Mortgage and I pay an Fixed Rate… does it mean I got a sub-prime loan?!

]]> By: Malach the Merciless http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10217 Malach the Merciless Fri, 01 Feb 2008 02:24:28 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10217 Mother Hen: It was quite the trip and I am glad to be out of it. It was actually a 90 day late intially Mother Hen: It was quite the trip and I am glad to be out of it. It was actually a 90 day late intially

]]> By: The Real Mother Hen http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/comment-page-1/#comment-10216 The Real Mother Hen Fri, 01 Feb 2008 02:21:02 +0000 http://rubbersuitstudios.com/dmdss/2008/01/30/my-personal-experience-with-the-sub-prime-mortgage-mess/#comment-10216 HOLY SMOKY CRAP!!! I had to re-read some bits just to make sure I read it right! You mean, by having just ONE freaking late payment many years ago can cause so much problem? I am going to chop off the stupid head of my mortgage broker now because he should have told me how serious this matter could be! Ok, I put mine on auto-pilot since day 1, but took it very lightly as if it is just another bill, fuck!!! I didn't know so much shit could go wrong! Ok I gotta make dinner now, will be back to re-read some parts later. HOLY SMOKY CRAP!!!
I had to re-read some bits just to make sure I read it right!
You mean, by having just ONE freaking late payment many years ago can cause so much problem?
I am going to chop off the stupid head of my mortgage broker now because he should have told me how serious this matter could be!
Ok, I put mine on auto-pilot since day 1, but took it very lightly as if it is just another bill, fuck!!! I didn’t know so much shit could go wrong!

Ok I gotta make dinner now, will be back to re-read some parts later.

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