Comments on: Surge in Underwater Mortgages Forces Obama Administration to Review Loan Limits http://moneymorning.com/2009/05/06/underwater-mortgages/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Robert & Sandra Birkland http://moneymorning.com/2009/05/06/underwater-mortgages/comment-page-1/#comment-27031 Robert & Sandra Birkland Wed, 08 Sep 2010 03:58:33 +0000 http://www.moneymorning.com/?p=7245#comment-27031 We have two home loans through U.S.Bank, one is our Primary Home and the 2nd is an investment property. U.S. Bank will not remodify or allow us get a refinance at a lower rate. As both loans are Portfolio, and have been paid on time since 2006, the loans are proven, but that doesn't matter to U.S. Bank. One loan is underwater and the investment property is $5,000 above water, but $220,000 below what we paid for the property. What kind of help is there for borrowers who are on time? Thanks. R.K.Birkland We have two home loans through U.S.Bank, one is our Primary Home and the 2nd is an investment property. U.S. Bank will not remodify or allow us get a refinance at a lower rate. As both loans are Portfolio, and have been paid on time since 2006, the loans are proven, but that doesn't matter to U.S. Bank.

One loan is underwater and the investment property is $5,000 above water, but $220,000 below what we paid for the property. What kind of help is there for borrowers who are on time?
Thanks. R.K.Birkland

]]> By: Stamford CT Real Estate http://moneymorning.com/2009/05/06/underwater-mortgages/comment-page-1/#comment-17518 Stamford CT Real Estate Wed, 17 Mar 2010 14:43:35 +0000 http://www.moneymorning.com/?p=7245#comment-17518 All the thanks goes to British Government who initiated and supported the rescue at the time of ultimate difficulty All the thanks goes to British Government who initiated and supported the rescue at the time of ultimate difficulty

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