Housing Woes Lead to Frozen Credit Lines

Homer wrote:

If the U.S. can grant debt relief to countries in over their head to us, they could certainly take a look at something similar for its own citizens. Sure, they didn't lend the money out in the latter case, but I'm sure they can step in.
Take the next zillion posts to slam that idea, folks, popping off about how people shouldn't be in over their heads and take responsibility for their finances - great notion, but not always feasible for everyone, you righteous, never-made-a-mistake-in-my-lif e types - but the government won't be laughing much longer when the majority of its citizens can't make capitalism work anymore.
Oh, and Gremlins never ran all that good.

Raiderfan wrote:

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The government thrives on people like you who have the mentality it's always our fault, not theirs.

Raiderfan wrote:

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Ah, HDTV is a necessity, or have you been living in the 70s these past 30-odd years. You're blaming the home buyers here, but there's much to blame on the government too. For example, they're forcing us to watch HDTV by February of next year. That means people will have to spend more monthly to watch TV in their own homes. It's an option for us now to pay extra for HD channels, and that's the way it should be.
That's just one example of how this country is being run. We're being told what to do and when to do it and it's costing us more each time. A lot of people could afford the house they bought but over the last several years everything has gone way up in price and there's no end in sight. The government thrives on people like you who have the mentality it's always our fault, not theirs.

Loosing Hope wrote:

My husband and I have been married taxpayers for almost 35 years. We have great credit and have never been at risk for loosing our home due to financial difficulties. We called Countrywide in OCT. 2007 to either refinance our loans, get a rate interest freeze, have our rate decreased or obtain some sort of loan term extension or modification. Countrywide's customer rep. said they would assign a case manager to our loan account and get back to us in 15 days. After numerous phone calls trying to talk personally to the 'case manager', we have NEVER been able to speak to anyone in the workout department. We were told that any federal programs by the president or governor were unclear and that they were overwhelmed by the amount of customers calling. Duh! Ms. Waters, our case munipulator, has never phoned us, nor written a letter to even suggest that Countrywide is acting in a sincere, professional manner. We'll keep calling, but the attorney general of CA. needs to investigate Countrywide as did Florida, Illinois, and New York. What's the next program from the President going to be called?(1)Hope,(2)Lifeline ...
"CPR"???
Keep calling your representatives and your lenders. Good luck!

makes sense wrote:

If your home value goes up, the lenders let you increase your borrowing against the increased value.
If your home value goes down, the lenders rightfully decrease your borrowing limit.
You can't have it both ways.

anonymous wrote:

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It is not about been special. I have an excelent credit. My HELOC works like a credit card and I can use checks to make payments. I basically make high payments to this account (depositing my pay check) and use this account to make all my house payments. This way it is tax deductible and I can manage my budget better.

elohssa wrote:

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WTF!?
Digital antennae? So it only picks ups 1's and 0's?
I have digital speakers hooked up to my analog hi-fi equipment. The 1's and 0's sound much clearer.