Did I actually benefit from something Obama did?
For small business owners, Obama is like this swine flu thing….its doesn’t feel like its really affecting you until about a year later where possibly 2 billion people get the thing. Obama is openly assaulting small business owners with his various tax agendas. We don’t feel it now, but in a year from now when we go to do our taxes…..
AND speaking of agendas, the guy has pushed through so much crap that its hard to keep up. Dumb and dumber (Reid and Pelosi) make it bad as well.
What is the point of this blog?
It appears I saved about $6000 from a program Obama pushed through
I called Countrywide yesterday. I told them that my rate was ridiculous and I would like to talk about refinancing. See this house is currently a rental and well, I’m losing about $550 a month in negative cash flow with it rented out. Well, I got routed to somebody in mortgages and right there on the phone for the next 30 minutes, they refinanced me from 7.875% 30 year fixed mortgage to 4.675% 30 year fixed!
Its called the Homeowners Relief Act. Here are some highlights….
* 720 Credit Score
* No Cash Out, No Income verification
* Doesn’t matter if its a rental or personal residence
* The press some button on their computer to come up with the value in 10 seconds, so…No appraisal
* One time fee of $400
Somehow, someway, I benefited from Obama’s liberal programs
And its feels kinda good. Here’s what he said about a guy like me…
“The plan I’m announcing focuses on rescuing families who played by the rules and acted responsibly,” Obama said, announcing the Homeowner Affordability and Stability Plan, or HASP.
BUT, I don’t plan on having him solve my problems. Sorry America, I take responsibility for Bob.
To learn more go to you can Click Here and Read this article.
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Love it! I’m making a call tomorrow!
Craig Fuhr | May 13, 2009 | Reply
Hey Bob,
The banks are certainly not agressive right now. They are working to help. Seems the price to pay for them while taking Tarp money. The word is mid may on starting to foreclose again. The buying window maybe shutting. Either way make some money.
Ron Walraven | May 16, 2009 | Reply
Craig- what happened from your call….I just got a package from them in the mail….
bobnorton | May 17, 2009 | Reply
Ron – thanks for the post! It will be interesting to see if the foreclosures are a trickle or a tsunami…
Keep me in the loop on when your listings pick up again!
bobnorton | May 17, 2009 | Reply
The loan mod program Obama passed is nothing more than a way for banks to make even more money off the people. It helps banks way more than the people – you still have to qualify, and only a very small percentage do.
I think going forward, the term ‘bailout’ is going to be associated with ‘handout’.. at least it is in my mind.
This stupid thing about making things equal (individuals) is only making things worse by giving handouts to people who don’t need it.. and making the rest of the people pay for it.
I believe we should just let the whole system reset itself. No more bailouts, audit the federal reserve – maybe shut it down and start a whole new legal currency backed by something of real value. Maybe then we can abolish the IRS and start a real tax system that’s fair.
Just my two cents.
-Ryan
Ryan Thompson | Aug 31, 2009 | Reply
Ryan – This deal did go through for me and saved me some serious money. However, stupid Bank of America made $7k and passed the loan off to Fannie, who already held the stinking paper! I did benefit but I’ll be paying much more in taxes for my little fringe benefit I got here.
Thanks for posting.
Bob
bobnorton | Oct 10, 2009 | Reply
Ryan- good points. I agree, we need to abolish the Fed. It is a ruse that has been perpetrated on the American people for way too long. Henry Ford said that if the people new what has happened to them, they’d be in the streets by morning. The Fed is a private bank, YES! Look it up in the YellowPages. Not in the WhitePages under government. They issue our currency & charge us interest for doing it. Where do they get the money that they issue? OUT OF THIN AIR!!! I wish I had such a good scam.
Ron Paul has been the ONLY congressman to push hard for the abolishment of the Fed, he can use all of our support to do this. Once the Fed is gone, we can have an HONEST money system based on productivity & NOT credit.
Just my two cents (worth less every day)
Michael
Michael | Oct 20, 2009 | Reply