Comments on: $700bb Bailout/Rescue http://www.ericbramlett.com/700bb-bailoutrescue/ Austin, Real Estate, What Affects Both, & What I Got Goin' On! Tue, 09 Mar 2010 23:50:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: mortgage http://www.ericbramlett.com/700bb-bailoutrescue/#comment-5560 mortgage Tue, 05 May 2009 18:56:41 +0000 http://www.ericbramlett.com/blog/?p=337#comment-5560 While it is a must-do to prevent another great depression from happening. I disagreed that the funds should be giving to companies that have out right taken advantage of the public and line their pockets these past few years. But what other choice do we have, if not this. While it is a must-do to prevent another great depression from happening. I disagreed that the funds should be giving to companies that have out right taken advantage of the public and line their pockets these past few years. But what other choice do we have, if not this.

]]> By: Tim Harris http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3477 Tim Harris Mon, 03 Nov 2008 19:28:10 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3477 Hi, Lots of great points. Here is what we are hearing is going to happen..eventually. The de-facto solution that the lenders will be forced to adopt will be: 1) Short sales. Watch for lenders to streamline the SS process..with the gov back stopping the loss. 2) Loan Mods. This is going to be a huge growth industry for certain. Looks like the FDIC is spearheading loan mods. For the most part this will result in lowered rates, extended terms but, not principle balances being lowered. Hope this helps! Tim Hi,

Lots of great points.
Here is what we are hearing is going to happen..eventually.
The de-facto solution that the lenders will be forced to adopt will be:
1) Short sales. Watch for lenders to streamline the SS process..with the gov back stopping the loss.
2) Loan Mods. This is going to be a huge growth industry for certain. Looks like the FDIC is spearheading loan mods. For the most part this will result in lowered rates, extended terms but, not principle balances being lowered.
Hope this helps!
Tim

]]> By: Sell my House http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3314 Sell my House Sun, 26 Oct 2008 00:42:38 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3314 Grant is right, if all the big businesses are allowed to send their jobs overseas then there is less money circulating around the US. The unemployment rate is climbing so those businesses that outsource should be taxed money dollars, in fact double taxing should be minimum. Give them an incentive to keep things domestic. Donte Mazyck http://www.buyersofcharlotte.com/blog Grant is right, if all the big businesses are allowed to send their jobs overseas then there is less money circulating around the US. The unemployment rate is climbing so those businesses that outsource should be taxed money dollars, in fact double taxing should be minimum.

Give them an incentive to keep things domestic.

Donte Mazyck
http://www.buyersofcharlotte.com/blog

]]> By: Colin Brazendale http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3297 Colin Brazendale Sat, 25 Oct 2008 13:05:48 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3297 I agree with 'Sell my House'. The banks are not helping. By repossessing more properties the home owner and the banks lose. But this gives opportunity for property investors to buy more repo houses at cheap prices. Repo buyers are of the few that are helping the distressed property owners because the banks are not doing their bit. Now the Gov is helping the banks, but the banks are not helping the mortgage owners! I agree with ‘Sell my House’. The banks are not helping. By repossessing more properties the home owner and the banks lose.

But this gives opportunity for property investors to buy more repo houses at cheap prices. Repo buyers are of the few that are helping the distressed property owners because the banks are not doing their bit.

Now the Gov is helping the banks, but the banks are not helping the mortgage owners!

]]> By: Dan Nappi http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3249 Dan Nappi Fri, 24 Oct 2008 03:59:17 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3249 That's the problem with politics both parties point the finger at each other and fail to solve anything. There is plenty of blame to go around each party but rather than blame we need leaders who are going to do right by the American public. That’s the problem with politics both parties point the finger at each other and fail to solve anything. There is plenty of blame to go around each party but rather than blame we need leaders who are going to do right by the American public.

]]> By: Grant http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3201 Grant Tue, 21 Oct 2008 18:13:04 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3201 Sorry, I thought my comment didn't post. Sorry for the repeat comment. Sorry, I thought my comment didn’t post. Sorry for the repeat comment.

]]> By: Grant http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3200 Grant Tue, 21 Oct 2008 18:12:23 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3200 I think there needs to be more of a push to doing business with local businesses. Otherwise, it's taking money out of the local economy. I think there needs to be more of a push to doing business with local businesses. Otherwise, it’s taking money out of the local economy.

]]> By: Sarah http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3199 Sarah Tue, 21 Oct 2008 18:09:54 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3199 Grant, I think this is capitalism. We'd probably be better off if they get rid of money all together. I'm sick of these problems that we hear about every day. Grant,

I think this is capitalism. We’d probably be better off if they get rid of money all together. I’m sick of these problems that we hear about every day.

]]> By: Grant http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3198 Grant Tue, 21 Oct 2008 18:08:42 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3198 This isn't the result of free market capitalism. Everything is now favoring the "big boys" and not local businesses. It's a rather common sense matter. If you send money overseas, you are not helping your neighbor. If you don't help your neighbor, they will have less money. If they have less money, they won't be able to buy things. Thanks, Grant http://www.pollets.com This isn’t the result of free market capitalism. Everything is now favoring the “big boys” and not local businesses. It’s a rather common sense matter. If you send money overseas, you are not helping your neighbor. If you don’t help your neighbor, they will have less money. If they have less money, they won’t be able to buy things.

Thanks,
Grant
http://www.pollets.com

]]> By: Equity Release http://www.ericbramlett.com/700bb-bailoutrescue/#comment-3187 Equity Release Tue, 21 Oct 2008 12:09:44 +0000 http://www.ericbramlett.com/blog/?p=337#comment-3187 This is not the problem which came at once and shattered the world economy. This is the result of the bad lending modes which these back followed and now see where we are heading. This is not the problem which came at once and shattered the world economy. This is the result of the bad lending modes which these back followed and now see where we are heading.

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