STOP! Stop Making House Payments!

**tsquare** · 02-25-2010

The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program.

The proposal, reviewed by lenders last week on a White House conference call, “prohibits referral to foreclosure until borrower is evaluated and found ineligible for HAMP or reasonable contact efforts have failed,” according to a Treasury Department document outlining the plan.

“It is one of the many ideas under consideration in the administration’s ongoing housing stabilization efforts,” Treasury spokeswoman Meg Reilly said in an e-mail. “This proposal has not been approved and there are no immediate planned announcements on the issue.”

She confirmed the authenticity of the document, which hasn’t been made public.

At present, lenders can initiate foreclosure proceedings on any loan that hasn’t been submitted for HAMP eligibility. Under current HAMP rules, foreclosure litigation can proceed while borrowers are under review for the program or even in a trial modification.

The proposed changes would prohibit lenders from initiating new foreclosure actions before loan screening by HAMP and would require lenders to halt existing proceedings for borrowers once they are in a trial repayment plan.

Right now... HAMP is taking 4-6 months to review loans... if 'everyone' stopped paying... we could see a year or more 'free housing'

After all 'free' means someone else, not you paying, right?

Truthbetold · 02-26-2010

We had a huge problem in the US and the problem is just correcting itself. I feel its thinking like yours that got us into this situation. The more people who take advantage of the situation the more money we are all going to have to pay down the line.

You not paying the mortgage you signed as a contract puts the burden back on the bank. This is the same reason why the government just loaned the banks yours and my money to help them recover.

Be responsible. Think about the colapse that would happen if every single person stopped paying.

You are probably one of the people who have all the nice ammenities even though you really don't have a pot to piss in. Or you pissed away your money irresponsibly and don't have shiite muslim.

**tsquare** · 02-26-2010

Originally Posted by Truthbetold

We had a huge problem in the US and the problem is just correcting itself. I feel its thinking like yours that got us into this situation. The more people who take advantage of the situation the more money we are all going to have to pay down the line.

You not paying the mortgage you signed as a contract puts the burden back on the bank. This is the same reason why the government just loaned the banks yours and my money to help them recover.

Be responsible. Think about the colapse that would happen if every single person stopped paying.

You are probably one of the people who have all the nice ammenities even though you really don't have a pot to piss in. Or you pissed away your money irresponsibly and don't have shiite muslim.

But...but...but...

Obama WANTS us to take the money!

Millions of people are not paying their mortgages and having the government 'modify' them... getting them out of a loan they can't or won't pay off.

Why not us here?

Truthbetold · 02-26-2010

Originally Posted by tsquare

But...but...but...

Obama WANTS us to take the money!

Millions of people are not paying their mortgages and having the government 'modify' them... getting them out of a loan they can't or won't pay off.

Why not us here?

You misunderstood him. He wants you to continue paying your loan and modify your loan if you sincerely feel you need it.

He definately doesn't want people taking advantage of it like you are proposing. Someone will have to pay for your irresponsibility.

Is that what you want?

**wrxsti** · 02-26-2010

Sure, as long as you don't mind being considered a loser and failure in need of government assistance, feel free to stop making payments. This liberal will continue to not only make the payments, but pay down priciple as well.

**Lutherf** · 02-26-2010

Originally Posted by Truthbetold

You misunderstood him. He wants you to continue paying your loan and modify your loan if you sincerely feel you need it.

He definately doesn't want people taking advantage of it like you are proposing. Someone will have to pay for your irresponsibility.

Is that what you want?

Are you sure about that?

From what I've been reading and hearing it sure seems like he wants me to believe that the housing problem isn't my fault and that it's really no big deal because he's just going to make some rich guy from New York pay for it all anyway.

**tsquare** · 02-26-2010

Originally Posted by wrxsti

Sure, as long as you don't mind being considered a loser and failure in need of government assistance, feel free to stop making payments. This liberal will continue to not only make the payments, but pay down priciple as well.

and you dare call yourself a liberal?

Phttttttttttttttttt...