To: edcoil
from the article: To be eligible for the principal reductions, however, homeowners will have to meet certain criteria, including: having a loan owned or serviced by Bank of America; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January.
Your Bailout Bucks at work!
7 posted on
05/08/2012 10:11:53 AM PDT by
kevcol
To: kevcol
having a loan owned or serviced by Bank of America; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January. So, if I over bought, and under paid, I get a $150k bonus, but if I was responsible, I don't.
9 posted on
05/08/2012 10:14:42 AM PDT by
Izzy Dunne
(Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
To: kevcol
I bought a house I could afford and paid it off well ahead of my mortgage schedule. Man, I am a sucker.
12 posted on
05/08/2012 10:19:04 AM PDT by
Slings and Arrows
(You can't have Ingsoc without an Emmanuel Goldstein.)
To: kevcol
If you felt morally responsible to keep paying for an underwater home you are a SUCKER.
13 posted on
05/08/2012 10:19:16 AM PDT by
C19fan
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