Comments on: SwapRent: Ralph Liu’s Mortgage Innovation http://www.butthenwhat.com/?p=5484 By Tom Lindmark Sat, 04 Sep 2010 19:58:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: SwapRent: An Alternative for Saving Underwater Homeowners http://www.butthenwhat.com/?p=5484&cpage=1#comment-8835 SwapRent: An Alternative for Saving Underwater Homeowners Mon, 10 Aug 2009 16:50:12 +0000 http://www.butthenwhat.com/?p=5484#comment-8835 [...] couple of weeks ago I put up a post about a mortgage concept called SwapRent. It’s the creation of Ralph Liu, a highly accomplished [...] [...] couple of weeks ago I put up a post about a mortgage concept called SwapRent. It’s the creation of Ralph Liu, a highly accomplished [...]

]]> By: Home Mortgage: The Easiest Way to Own a Home | afcmortgagefl.com http://www.butthenwhat.com/?p=5484&cpage=1#comment-7904 Home Mortgage: The Easiest Way to Own a Home | afcmortgagefl.com Fri, 24 Jul 2009 06:45:39 +0000 http://www.butthenwhat.com/?p=5484#comment-7904 [...] A New Mortgage Concept | But Then What [...] [...] A New Mortgage Concept | But Then What [...]

]]> By: TomLindmark1 http://www.butthenwhat.com/?p=5484&cpage=1#comment-7734 TomLindmark1 Tue, 21 Jul 2009 16:01:24 +0000 http://www.butthenwhat.com/?p=5484#comment-7734 Two things to keep in mind. One, the program is flexible, so it's not necessary to give up 100% of future equity. You could do a much smaller percentage. Remember you aren't giving up the equity just accelerating your recognition of it. You get it in the present and repay it in the future. Two, as regards the current landscape, I think the program might be used to get banks to do more principal modifications. If they could get a piece of the future equity after they write the loan down to market value then they might be more willing to modify as opposed to foreclosing. Two things to keep in mind.

One, the program is flexible, so it's not necessary to give up 100% of future equity. You could do a much smaller percentage. Remember you aren't giving up the equity just accelerating your recognition of it. You get it in the present and repay it in the future.

Two, as regards the current landscape, I think the program might be used to get banks to do more principal modifications. If they could get a piece of the future equity after they write the loan down to market value then they might be more willing to modify as opposed to foreclosing.

]]> By: matt http://www.butthenwhat.com/?p=5484&cpage=1#comment-7662 matt Tue, 21 Jul 2009 04:56:14 +0000 http://www.butthenwhat.com/?p=5484#comment-7662 Even when an owner has equity, it still seems like a lot to ask to give that much future equity. Then, when you look at the current landscape where owners are underwater, the future equity gap gets even larger? Do you see this working in this economic environment, or this this for when thing get somewhat normal? Even when an owner has equity, it still seems like a lot to ask to give that much future equity. Then, when you look at the current landscape where owners are underwater, the future equity gap gets even larger? Do you see this working in this economic environment, or this this for when thing get somewhat normal?

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