AgentIndustry News

Helping borrowers who don’t deserve it

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

I don't ordinarily like to publish long letters, but this one is worth the space because it captures the mood of a sizable segment of the population: "I'm upset by your recent article advising people having trouble with their mortgage on how to get it modified. In my view, they should be allowed to take their lumps. "My first home was a single-wide trailer that cost $18,000, which was all we could afford at the time. We have upgraded three times since then as our family and our income have grown, but we never paid more than we knew we could afford. We have never missed a mortgage payment. "I am tired of hearing the sad stories of people who overbought because they thought that house prices would rise forever and they would get rich. Their garages were full of boats and other toys that I don't have because I can't afford them. "It drives me nuts that these people can now take advantage of programs that reduce their mortgage payments, and I'm paying for it...