Djones, Home Buyer in Los Angeles, CA

Will recent loan modifications to interest-only be revised to reduce principle after stimulus bill passes?

Asked by Djones, Los Angeles, CA Mon Feb 16, 2009

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3
Jeff and Che…, Agent, Encino, CA
Mon Feb 16, 2009
It is my understanding that Obama will outline the details for the remainder of the TARP funds which will impact the issue you write about. Not too many people understand what is in the stimulus bill either. Unfortunately, I thought Treasury Sec. Geithner was supposed to do that last week. Let’s wait until Wednesday and ask your question again.

Jeff and Cheryl Fox

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0 votes
Mon Feb 16, 2009
We are hopefully waiting for some kind of break for homeowners. It is kind of difficult now since the market is flactuating more rapidly.
0 votes
Robert Chome…, , San Diego, CA
Mon Feb 16, 2009
I don't think any one knows for sure at this point. If so, if will be on case-by-case basis.
0 votes
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