The deal cut the outstanding debt on his home in Lanham from $474,300 to $190,800, cutting his monthly payment by $1,000.
"I can barely believe it," Garcia, 39, said in Spanish. "I tell people and they are left with their mouths hanging."
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Now I feel stupid and a little pissed. I did the right thing and refinanced my home, which is underwater, using HARP, and my payment went down a little over $150/ mo. I couldn't qualify for a modification because I was on time with my payments. Why do we continue to reward people that make such foolish decisions and get in over their heads?
If you noticed, he "said in Spanish..." Doesn't that explain it?. Spanish is now the new 'minority'.
I am a single, white, single mother of two. I work full time, do not, nor have I ever received assistance. I applied for this, and guess what? My payment went up by 100.00.
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