Comments on: U.S. Senate Plans to Consider "Foreclosure Rescue Scam" Legislation. Its Time to Speak Up, Investors! http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/ Learn, Network, Invest Thu, 21 Aug 2008 22:36:50 +0000 http://wordpress.org/?v=2.6.1 By: Mark Jones http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-55063 Mark Jones Thu, 06 Mar 2008 05:42:10 +0000 http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-55063 Most of the foreclosures are due to adjustable rate mortgages(ARMs). Many homeowners who got adjustable rate mortgages (ARMs) on their properties when rates were at an all-time low. Now those adjustable rates have increased and many homeowners find themselves making payments on homes that have no equity or even have negative equity. There is still hope for homeowners in foreclosure. Most of the foreclosures are due to adjustable rate mortgages(ARMs). Many homeowners who got adjustable rate mortgages (ARMs) on their properties when rates were at an all-time low. Now those adjustable rates have increased and many homeowners find themselves making payments on homes that have no equity or even have negative equity. There is still hope for homeowners in foreclosure.

]]> By: Lake Michigan Beach Builders http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54949 Lake Michigan Beach Builders Sat, 01 Mar 2008 19:30:22 +0000 http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54949 sheesh! why dont they give it a rest! sheesh! why dont they give it a rest!

]]> By: Ben DeBell http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54932 Ben DeBell Fri, 29 Feb 2008 17:31:26 +0000 http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54932 The problem is that people hear the word “scam” and they lose some common sense. The truth is, any scammer can take legitimate business practices and use them to defraud people. A legitimate investor can use the same techniques for legitimate deals. The problem is that people hear the word “scam” and they lose some common sense. The truth is, any scammer can take legitimate business practices and use them to defraud people. A legitimate investor can use the same techniques for legitimate deals.

]]> By: Jeff Brown http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54913 Jeff Brown Fri, 29 Feb 2008 00:04:10 +0000 http://www.biggerpockets.com/renewsblog/2008/02/28/senate-considering-foreclosure-rescue-scam-legislation/#comment-54913 Kidding on the square -- where's NAR in all this? Aren't they my Knight in shining armor? You're right about this proposed legislation. It's typical of the politically pandering congress, which if passed will be immediately followed by nasty and unintended consequences. Thanks for being on this stuff. Kidding on the square — where’s NAR in all this? Aren’t they my Knight in shining armor?

You’re right about this proposed legislation. It’s typical of the politically pandering congress, which if passed will be immediately followed by nasty and unintended consequences.

Thanks for being on this stuff.

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