Talk about a bailout seems like it is creating more problems

[Shari Posey]

It burns me up when I read about proposed bailout plans after a morning of dealing with idiotic Countrywide who deserves to lose every cent they have. (Sorry, they are idiots!)

It probably won't do any good but I have written members of Congress, the Senate and the architects of the bailout plan because I think as long as there is talk of a potential bailout, banks are less likely to modify loans, approve short sales, etc.

I know many people on this board think it is impossible to get loans these days but I don't see that problem. I had one client get a jumbo FHA loan with 5% down. I've got another client getting a jumbo loan with 8% down. I've got an investor getting a conforming loan with 10% down. Yes, they all have good credit but it's not hard to keep your credit score high or you shouldn't be buying a home. I only had 2 buyers this year who couldn't qualify--one had 2 mortgage lates on an investment property, and the other one only had a 550 credit score and only $3000 savings.

In fact, I wonder if we won't continue the problem with these new FHA loans over $700k with only 3% down.