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Instead banks either sold or transfer to affiliate collection companies. As most survived 10, 11 12 years of this loan mod horror, surviving coronavirus will give us strength and courage to recoup, recharge and resurge. The key point is for all of us to unite and truly direct payday loan lender connect to those who can provide the solutions that we can feed them the truth of how the banks have been enriching themselves to the point of homeowners and consumers getting poorer with negative net worth, because the banks kept manipulating the mortgage servicing system with all their lawyers, and funds that Feds continually feed them crisis after crisis. If home loan defaults become widespread from Covid-19, I believe, this time, the Feds will act decisively in some fashion to prevent it. Whether its direct financial support to the property owners, or payments to the banks on behalf of John Q. Again, if you have a chance watch the documentary -Vice Special Report: Panic: The Untold Story of the 2008 Financial Crisis. Thank you for summarizing what online loans for bad credit no credit check happened to your loan. Krafty, Raffy, Jzone from Ca, Chase 2 (who came back to provide positive support), and with a lot bright minds here, with admirable fighting spirit and very generous to share- amazing! We all applaud and grateful you all are well to empower yourself and having the generosity of each other to fight your cause. I wonder do these struggling homeowners took the time to read the fine line by servicer that may actually a trap , worse off than what happened 1500 loan no credit check in Great Recession 2008? Yet next stimulus is feeding Billions to these monsters?

This amendment will not put these homeowners back to pre-G Recession sub-prime loan thus continue with sustainable payment. This means to provide a Guideline - maybe CARES ACT 2, to allow homeowners, whose 2nd liens or 1st liens were incompletely modified and they are now being help by affiliate as silent loans, awaiting for positive equity that they can grab again, despite bgetting credited 1:1 to either extinguish or forgive the loan. Instead banks either sold or transfer to affiliate collection companies. As most survived 10, 11 12 years of this loan mod horror, surviving coronavirus will give us strength and courage to recoup, recharge and resurge.

The key point is for all of us to unite and truly connect to those who can provide the solutions that we can feed them the truth of how the banks have been enriching themselves to the point of homeowners and consumers getting poorer with negative net worth, because the banks kept manipulating the mortgage servicing system with all their lawyers, and funds that Feds continually feed them crisis after crisis.


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Speaking for myself, survival is not so much savvy as it is fricking belligerence. You made some cogent and insightful points and I love your attitude. Even - and this is the direct payday loan lender worst of it - even when the law backs us up. Still, the mortgage crisis brought about Frank Dodd so the pandemic may also invoke change. Forbearance is not a waiver and the Lender remains entitled to skipped payments. A pandemic does not require forbearance because it creates a situation by which contract performance is excused. The want of performance of an obligation, or of need unsecured loan bad credit an offer of performance, in whole or in part, or any delay therein, is unsecured cash loans excused by the following causes, to the extent to which they operate: 2. When it is prevented or delayed by an irresistible, superhuman cause, or by the act of public enemies of this state or of the United States, unless the parties have expressly agreed to the contrary. This issue is also part of common law found in Restatement (Second) of Contracts dealing with impossibility or impracticability of performance. Non payment due to COVID-19 would breach neither the original loan nor a HAMP modified loan. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. The uncertainty will be resolved fairly quickly (malaria medicine etc) with permanent vaccination talk further easing concerns. Before someone in China ate bat soup (or whatever), the U. In summary, this virus issue will be resolved direct payday loan lender very soon.

In the very (very) short term there will be some economic trauma that will take a few months to recover from. But this is no way going to replicate the sub-prime crisis. They pointed out that it will take until next year for a vacc to be available, the malaria med is temporary solution to slowdown the damage. I saw an interview with Trump, people asked him a question, What do you think will happen to the economy and the market? Businesses are still opened holding on a thin thread. Depends if they kept up direct payday loan lender with payments, what damages were done, and other factors. With information so available, one can easily find the truth without hearing from speculators or lobbyists.. When there is no lending, anyone thinks these things will continue to be pent up?


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See how the number jump faster than the millisecond payday loan without checks at.

The same group of people are using the same no limit credit card to keep the US economy holding up, through this pandemic.

Depends who got sick and how bad the virus damaged their body, they may not be able do things they once no credit check loans online can. How many months do you think it will take to be wiped clean? The bottom-line is that the no limit credit card does have a limit. Way too many variables to prognosticate with any accuracy. None of us want another crisis to occur except for the people looking to capitalize on lower home values. This pandemic is nothing to joke about and I sincerely hope all of our members are as prepared as they can cash loans online fast be. If you talked to me a couple years ago, I knew something like this was coming but I thought it was going to relate to cost of goods increasing and not housing being impacted.

I do hope everyone is able to pull through this better than before...

Technically speaking not making monthly payments in this situation might not be a default. Performance must be made impossible by easy personal loans online an unanticipated event that could not have been foreseen or guarded against in the contract.

A typical list of force majeure events might include war, riots, fire, flood, pandemic, hurricane, typhoon, earthquake, lightning, explosion, strikes, lockouts, slowdowns, prolonged shortage of energy supplies, and acts of state or governmental action prohibiting or impeding any party from performing its respective obligations. In commercial contracts there is often a clause modifying or defining terms in the event of a force majeure. Force majeure is an event not a doctrine absent a defining clause in the contract the concept would be used to support the doctrines of frustration or impossibility. Not necessarily recommending this as it can be frustrating, nearly impossible and economically prohibitive to convince a court of the outlandish notion that contract law principals should be applicable in the context of a mortgage loan contract. That is to say those principals that protect both parties to the contract.

Technically speaking not making monthly payments in this situation might not be a default. Performance must be made impossible by an unanticipated event that could not have been foreseen or guarded against in the contract.


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A typical list of force majeure events might include war, riots, fire, flood, pandemic, hurricane, typhoon, earthquake, lightning, explosion, strikes, lockouts, slowdowns, prolonged shortage of energy supplies, and acts of state or governmental action prohibiting or impeding any party from performing its respective obligations. In commercial contracts there is often a clause modifying or defining terms in the event of a force majeure.

Force majeure is an event not a doctrine absent a defining clause in the contract the concept would be used to support the doctrines of frustration or impossibility. Not necessarily cash register store recommending this as it can be frustrating, nearly impossible and economically prohibitive to convince a court of the outlandish notion that contract law principals should be applicable in the context of a mortgage loan contract. That is to say those principals that protect both parties to the contract.

When one gets it, just sit back and count the bads and the goods. It is Elohim Yahweh way of telling us all to behave. Somebody posted on Yahoo: When the con-man thinks he had us all fooled, blatantly ignored the laws, God shows us who is the real BOSS. When one gets it, just sit back and count the bads and the goods. It is Elohim Yahweh way of telling us all to behave.

But this being a gift from god, a pandemic - really? Our lord is complicated the gift is complicated too. Like for people who are heavily invested in stocks, and possibly for people who also invested heavily in properties...

I figured out that as a buyer of real estate, no one was on my side. So they all were pushing the price to be as highest as they can. But this being a gift from god, a pandemic - really? This forum helped me to gain some perspective and knowledge that allowed me to decide on a plan of action best for my family. Because of it, we ultimately had an unexpected and very favorable outcome. I contribute here because I want to try to help others. Perhaps give them some hope that good things do happen.