House approves bill that aims to help strapped homeowners facin...

I was told to stay away from Pine Hills despite the low prices of homes for sale. Was that solid advice?

I wonder how many are illegal immigrants????

Mr Whitey wrote:

I was told to stay away from Pine Hills despite the low prices of homes for sale. Was that solid advice?

Only if you dont want to guess which directions the last bullets came from before running into your home.

Kenani wrote:

Some of you guys lack minimal amount of intelligence, firstlt, this bill will only help home owners not investors, meaning people who lost their jobs or income due to the mess this government created by going to an unnecessary war and all kind of mess thet made, and it will only offer those cash strapped home owners a new loan with low-fixed rate that will enable them to keep their homes and not be a burden to the government and the banks, because if those houses go to foreclosure, EVERYBODY loses, banks, government, and neighbors.

Actually it's your thought processes that are defective. RESPONSIBLE borrowers ask what if's like: "What if I lose my job" or "What if the economy slows", or "What if my ARM interest rate rises 2 points - can I still afford this place??" RESPONSIBLE borrowers do ask these types of questions before buying.

Bailed out IRRESPONSIBLE BORROWERS ARE A BURDEN - do you think that the bail out was free? Who do you think pays for the rescue of these people? If that is not a burden then please tell me what is.

And please explain how the Iraq war caused this mess. We had huge unbalanced, debt ridden budgets before the war. Social Security, Medicare, Medicaid were all running at a huge deficit before the war started. So exactly how did the Iraq war cause these foreclosures?

Government is like a baby - a big appetite on one end and no responsibly on the other

Darth Vader wrote:

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In case you haven't noticed it was the Democratically controlled Congress that passed this bill

I noticed. Did you notice that 45 Republicans and a Republican President went for this? If the GOP was so principled and against this why did they make it so easy for the Dems to pass? Why not put up a fight against such nonsense?

Daily wrote:

Government is like a baby - a big appetite on one end and no responsibly on the other

And the average American voter can be described like a mix between an infant and a geriatric Alzheimer's patient....they have no understanding or knowledge of much, and they don't remember anything about the activities of the idiots they're getting ready to vote for!

I just want to know how do I get some of this money? Where is it? Who gets it? Can a White Guy get it? How does this help ME?

What a joke, I bought a townhouse because that's what I felt I could safely afford. Today, I live well above my means even though my property has dropped in value by 100K. Now I got to pay to bail out the ignorant? I hope the stipulation is that cable, internet, eating out, daily trips to the mall and all the other useless spending is eliminated first before they qualify. Cars over 30K should be sold along with all the other garbage that was bought and proof is needed that their tax incentive check was spent toward their property.

We the honest and hard working and frugal tax payer are going to have to save the Wall Street AH's who still have yatchs, giant homes and millions so it will not collapse the banking system.

They go free to enjoy their fruits and we suffer.

Where was our Prssident, Congress and others?

What is the purpose of having them if they are this incompentent? To allow Wall Street and the banking industry to sign anyone up and expect to be backed up is well $&!$%$#@ at best.

Great! Is this what I fought for in the trenches of Vietnam and my father in WW II?

Maybe I should sell my little house that I can afford and buy a huge house. Sounds like someone one will be paying it for me. I don't understand why people should get a break for over spending.

Rich, the Bush administration lobbied the senate and house for the repealing of the Glass Stegal Act of 1933 that prevented regular banking and Wall Street investment banking from being one.

Roosevelt and the congress back then saw the abuses that led to the Wall Street collapse of 1929 and did not want it to happen again.

No, it won't. Not a god damn dollar will be given to anyone except the lending institutions and banks. Watch. I want a list of all the mortgages and will be revised.

Kenani wrote:

Some of you guys lack minimal amount of intelligence, firstlt, this bill will only help home owners not investors, meaning people who lost their jobs or income due to the mess this government created by going to an unnecessary war and all kind of mess thet made, and it will only offer those cash strapped home owners a new loan with low-fixed rate that will enable them to keep their homes and not be a burden to the government and the banks, because if those houses go to foreclosure, EVERYBODY loses, banks, government, and neighbors.

No bank should have to renegotiate. Pay, or get the boot. It's rather simple.

Michael Corleone wrote:

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..to stop a bank from renegotiating a loan if they want to.

"Lenders would have to agree to take a substantial loss on the existing loans"

And therein lies the issue. No lender will agree to this, and this it in no way different than simply calling your lender and asking for a refi. So few loans are actually held by a lender that it's a non issue. Loans are held by investors and investors will not be taking a hit on their investments. So, there will not be a single rewritten loan anywhere, unless we're talking commercial or industrial - something with potential profitability.

I want to know where the (somewhere between) 3.9 and 25 billion dollars will be going.

I'd like to get on the ground floor of this Socialist Operation.

Mr Whitey wrote:

I was told to stay away from Pine Hills despite the low prices of homes for sale. Was that solid advice?

I lived nine years in Pine Hills and loved it. Close to work, beautiful 50-year-old home in a well-established neighborhood of decent, hardworking and honest homeowners.

The trouble in Pine Hills is the RENTERS--they are bums. Have zero long-term investment in the community and bring their scummy friends in to live 12 to a crack house.
Between the renters and HUD, with their foreclosures-for-sale homes with two-foot-tall grass, the community has the reputation as "blighted." Then again, so does Waterford Lakes and Avalon Park and some of the chi-chi communities of old (FINALLY).
Pine Hills has GREAT housing values to be had if you want to buy a place, take care of it, and LIVE in it. If you're looking to get rich, don't bother, but if you want to be 20 minutes or less from everything from Longwood to Maitland to Bithlo to Casselberry to Oviedo to Clermont to Saint Cloud to you-name-it, it's Pine Hills.
I love that place. I wish I'd stayed. Moving out of the burbs stinks.

Clayton Bigsby wrote:

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Only if you dont want to guess which directions the last bullets came from before running into your home.

You, sir, are an **** ; In nine years, the only two real crimes in my neighborhood (barring a couple of petty thefts) were drug related. One renter (see my previous post) got shot when his unpaid drug dealer came calling in the middle of the night. Not shot dead, just shot for a wakeup call. And he woke us up when he rang the doorbell, as he did the rest of the neighbors, and while we all called 911, not one person opened the door until the police came telling us to sanitize our porches with bleach. Could've happened in Stoneybrook (and has).

The other crime was a baby-mama of a drug dealer who was shot in the head in front of her parents and children in the middle of the night. First, what was the entire family doing sitting in the living room, children included, at 1 am? Sounds not-normal to me. Second, if your baby-daddy is a dealer looking at 30 years for trafficking, and he 2 other baby-mamas just like you that the world knows about, and all of you are living in paid-for homes the daddy provides to you, you just might expect some of his riff-raff buddies to come calling on your place. If they come armed, should you really be surprised?

We felt sorry for the family but, more than that, we felt sorry for ourselves, that we had to live near someone who was so foolish as to jeopardize her own family by spending time with a known coke dealer.

I wonder who's paying the other two baby-mamas' bills now?

What a load of crap. these politicians are buying votes with this bill. This thing should have been decided after November.

The responsible are forced to pay for the irresponsible. This is democratic logic at its finest. The market should correct itself, lenders should fail if they were stupid, borrowers should lose their homes if they were stupid.