Reply #5: The problem with loan mods and short sales...

[JuniperLea]

Is your credit rating getting a big ding... making it unlikely you will ever own a home again.

I think we're being scared into action here... I think this is another giant "redistribution of wealth"... ours to them. They took all our money, now they want our real property too... so they can rent it back to us at exorbitant prices.

Mark my words. This whole deal seems very contrived... in their favor. Who benefits? The Banksters. The RE "Haves" who are grabbing properties like mad right now. Even the loan mod/short sale real estate attorneys will tell you they will put the first bid on your place "to make sure it gets attention." Uh huh.