I agree with everyone above. Also, although landmarking is often the only way to ensures preservation, as bxgrl pointed out, the expense and the joy of deal with LPC means owners in those (proposed) districts run out and make hasty (and often ugly) changes because they will be grandfathered in. If the owners are bought in early in the process and their concerns and fears considered, landmarking might well be the win-win it was meant to be.

Posted by: i_heart_brooklyn at June 9, 2009 5:52 AM in response to The Great Landmarking Debate Rages On

OP, where is your bank located? It makes a difference. I can't even get online rate quotes because out-of-state banks aren't set up for 2 and 3 family dwellings. Go to propertyshark and get comps from there. They are accurate since they use recorded data. Also, your bank won't be able to dipute those. Good luck with your refi!

Posted by: i_heart_brooklyn at June 9, 2009 5:43 AM in response to Help with crazy appraisals

^^^^

Yes. A part of Obama's plan is to have mortgage payments be 31% of income and all bills total no more than 38%. As long as you have your paystubs to prove your pay cut and your mortgage is under $729,000, you should be able to modify your loan.

Posted by: i_heart_brooklyn at March 7, 2009 5:32 AM in response to Housing Loan Modification?

I can understand the "if the cat's away" mentality of renters (I'm a ex-landlord), but when your tenants live WITH you and still have the balls to not even come to you on the due date... Why deal with the in-house headache?

I know this is a difficult economic environment but I would really consider not renewing their lease. You're not being at all unreasonable with your tenants. You could also significantly raise their rent, give them a "discount" for rent paid on the due date and shorten the grace period to 3 Calender Days (NOT Business Days - businesses actually close). Make sure you put this in the lease under the "RENT" heading in bold and have them initial the paragraph itself so there is no confusion in the future since they like referring to their lease...

Posted by: i_heart_brooklyn at February 7, 2009 12:26 AM in response to Late Rent Notice

cmu: Sure, I can "err on the side of caution and NOT hit peds even if they're doing something "wrong", like jaywalking." BUT pedestrians should err on the side of living by not tempting a multi-ton vehicle by walking out in front of it. Why do pedestrians get a pass when they do something "wrong, like jaywalking" (which, by the way isn't just wrong, it's illegal) but drivers are wrong no matter what?! As a (good) driver, I drive for the other drivers around me. I can't walk for the pedestrians as well.

On another note, making 8th 2-way would be a disaster. Can anyone imagine the cluster eff of 4-way traffic at 8th and Union?

Posted by: i_heart_brooklyn at February 4, 2009 1:06 AM in response to Developing: Pedestrian Struck at 8th and Carroll

Whomever posted "the pedestrian alway has the right-of-way" is dead wrong. I try to stay off of 8th Ave. but take it when (a) coming off the PPE, (b) looking for parking, or (c) dodging the delivery trucks on 7th.

At times the sun is killer on 8th. Double-parked cars on 8th should be towed, especially because they tend to park "slolem-fashion" making drivers weave back and forth between the lanes. AND, last but not least, it seems pedestrians on 8th have a problem crossing at the corner with the light.

If the light is green and you know you see me coming, cross the street like you mean it. If pedestrians can cross as slow as they want when they want, just abolish the lights and let everyone get in where they fit in.

Posted by: i_heart_brooklyn at February 3, 2009 1:41 AM in response to Developing: Pedestrian Struck at 8th and Carroll

Comparing Atlantic Yards to Ground Zero doesn't cheapen the argument - it's comparing apples to apples construction-wise and time-wise, and accurately captures what happens to neighborhoods when politics get in the way of building/rebuilding.

I work in sightline view of Ground Zero and live near enough to AY that I have to pass by it twice day commuting to and from work both by car and train. Having to see the state of both of these developments is sad and disheartening. It burns me up. Unfortunately, the similarities are endless.

Posted by: i_heart_brooklyn at January 23, 2009 5:56 AM in response to Ratner Now Trying to Stiff the MTA

I'll provide some perspective.

When you walk into Turner Towers, this apartment (from the window placement on the floorplan) is in the left tower and on a low floor - low enough that the brick wall you see outside of the side windows in the pics are of the building a few doors down and the "back" windows look out over the courtyard. The second door in the kitchen is the "maid's" door. The toilet in the closet means this apartment was never renovated.

Numbers-wise, the price is really good but the maintenance is absurd since, and I know this for a fact, the elevators were replaced about 7 years ago. So, I don't know what the maintenance is going for. Actually, the doormen there do an excellent job. They're personable and helpful. Also, as pointed out above, there is a flip-tax and it's high - I think 35%.

As for location, it's within walking distance of several neighborhoods and amenities...

Posted by: i_heart_brooklyn at January 23, 2009 5:38 AM in response to Co-op of the Day: Turner Towers Two-Bedroom

I find it ironic that most people, myself included, won't pay for a NYTimes subscription but will still log on to Brownstoner and read NYTimes (and NYPost, NYDN, etc.) articles. What if Brownstoner had to pay to link those articles?

FWIW, lesterhead posted "I'm surprised by how many people today think they deserve content for free." No one said we deserved free content. But, it's there so why not take advantage of it?

Posted by: i_heart_brooklyn at January 22, 2009 12:41 AM in response to (Slightly) Off-Topic Poll: Paying for The Times Online?

I used go to the mechanic next door to this gas station. They just closed one day. Maybe development is slated for that intersection. I agree it is and excellent location in terms of exposure and accessibility, but in this market, what would do well?

Posted by: i_heart_brooklyn at January 10, 2009 12:50 AM in response to What's Going On at 43 Empire Boulevard?

You can also try the interlocking rubber flooring mats. You know, the stuff you see in playgrounds or day-cares. I know BJ's sell it. They come in different colors and thicknesses. The rubber will also keep water (you never know) directly off the floor.

Posted by: i_heart_brooklyn at January 7, 2009 1:01 AM in response to How to minimize washing machine

I will never understand how a depression is a media inspired self-fulfilling prophecy. The media is usually running behind the curve not creating it. For starters, the media calls what we are in now, a "recession" or a "downturn". This economic can't compare to the Great Depression for good reason and not because we're better off. We're worse. I don't think the sky is falling but I do think people should be scared and sometimes I think we should actually THANK media outlets for making people realize what is going on. The GDP, unemployment #'s, etc. mean nothing or at least not the same thing as in 1929 because the numbers are being massaged and spun.

Yes, some people will always do well in the face of adversity but it doesn't mean adversity doesn't exist or the impact is lessened for the people who are being whipped by it.

Posted by: i_heart_brooklyn at January 7, 2009 12:57 AM in response to Quote of the Day

I usually go early-morning and don't have any problems. Now, with that said, depending on what you want to purchase, good luck! Trying to buy toys during the holidays isn't going to work. However, if you want stuff that isn't either wanted by everyone else or during a bonafide shopping "day", you'll have better luck. For example, there was a sale on luggage and ladies pajamas... I needed the luggage and the price was comparable to online stores but I didn't have to pay shipping and I bought the pajamas for Christmas morning (a tradition) and stockpiled them.

Furniture and bedding is a hit-mostly miss proposition. Magazines, though are 20% off the cover price and the food prices are great and keep you from having to make an extra stop.

Target isn't usually my first choice - I'd rather shop online. But, this Target is the closest to me. My suggestion: Go early, get the heck out of there and buy off-season (if feasible) and enjoy your Target experience :)

Posted by: i_heart_brooklyn at January 7, 2009 12:46 AM in response to Closing Bell: FIPS Goes Undercover

Although I agree that the City shouldn't be spending 100 mill on "entertainment" right now, Thor (or any developer) shouldn't be able to run roughshod over the people in this city - Coney Island in particular - by taking away public space. The amusement area and beach beyond it belong to everyone. How does one put a price on that?

Posted by: i_heart_brooklyn at January 6, 2009 1:11 AM in response to To City's Chagrin, Thor May Get Thunderbolt Site in Coney

rob and fjorder:

I know I'm late, but WOW, I Spit On Your Grave! I love that movie.

I saw half of it maybe 18 months ago. I comes on every so often in the wee hours of the morning. About once a week, I go through the movie channel guides for the upcoming week just to see what's coming on and TiVo anything promising.

Posted by: i_heart_brooklyn at December 20, 2008 12:13 AM in response to Open Thread

Unfortunately, that bill is right. But, once your bill is $0, get on the level payment plan. That way you won't faint when you open your bills in the winter.

Posted by: i_heart_brooklyn at December 19, 2008 12:08 AM in response to Yikes..Could this Heating Bill be Right?

I have to agree with the longtime reader also.

Sometimes I don't post because I don't want to be redundant but reading through the comments is painful.

Posted by: i_heart_brooklyn at December 16, 2008 12:16 AM in response to A Thought on Comments

I like this house. My brownstone is 2-family, but my and my siblings families have free run of the place. As a "multi-generational" multi-family, I think this will go for between $850k-925k. My reasoning is: In this economic climate, whole/extended families will pull together to save on multiple mortgages and rents. Also, this house (from the pics) seems to be in good (not "realtor" good, but "I can move in now" good) condition and it's under the million dollar mark unlike the house next door.

When will sellers learn that no one wants to pay the mansion tax??

Posted by: i_heart_brooklyn at December 9, 2008 1:12 AM in response to House of the Day: 1232 Dean Street

Stephon Marbury.

I went to school with him and his brother - grew up a few blocks over.

Posted by: i_heart_brooklyn at December 9, 2008 12:47 AM in response to Closing Bell: Brooklyn's Hall of Fame

prodigal son - my bad.

Eric B and Rakim were from Long Island. However, their first release was in 1986 and Biggie didn't hit the scene 'til the early 90's.

Posted by: i_heart_brooklyn at December 9, 2008 12:44 AM in response to Closing Bell: Brooklyn's Hall of Fame

mopar - I don't have a shower curtain LOL! Surprisingly, water doesn't really get all over but the errand sprays get wiped down right away and its all good :) I do have tile floors though, so I don't have to worry about warped wood.

Posted by: i_heart_brooklyn at December 9, 2008 12:33 AM in response to House of the Day: 177 Maple Street

Taxing the 3 bridges is ridiculous and just like higher oil inspiring alternative fuel sources, punishes the poor. Someone posted if you want to take the bridges pay the toll. Where would the choice?? Suppose mass transit isn't an option? That leaves the bridges and the tunnel.

MTA is notorious for mismanaging their funds. They shouldn't be allowed to implement any new taxes, er, excuse me, tolls, until they can account for how they're spending the money they already have.

Posted by: i_heart_brooklyn at December 5, 2008 2:06 AM in response to Adding Tolls to Brooklyn Bridges?

As much as I like PLG's limestones, before the recent craziness, none of them were going for this. This one won't either. The site list "Good condition". The one picture of one bathroom was hideous and no pics of the other. Will people ever learn - when selling a house that clearly has lots of period detail, bathroom renos aren't necessarily a good thing. Freshen up the look, don't destroy it. For example, when I bought my brownstone, one of the bathrooms was an updated disaster - an acrylic tub enclosure with soap holders and a $79 Home Depot vanity. I'm cringing just thinking about it. Anyway, I put back a clawfoot tub (the old owner took it out) with a telephone faucet/handshower, a pedestal sink with matching faucet and a huge elegant mirror. Thank goodness, in his rush to modernize, he didn't tile the whole bathroom. I put in (full height) beadboard with finish moulding and hung some art. When, and if, I get bored or ever sell the house, I can repaint or the new owners can take the beadboard down and tile. Much less work than demo'ing tile.

Posted by: i_heart_brooklyn at December 5, 2008 1:16 AM in response to House of the Day: 177 Maple Street

I'm not old but what youngsters LOL!

I love Biggie but how can you forget Eric B. and Rakim? Rakim came first and more than a few of his rhymes are classic.

Posted by: i_heart_brooklyn at December 5, 2008 12:48 AM in response to Closing Bell: Brooklyn's Hall of Fame

Werner -

if you have NY plates, they can be scanned. Although scanning cuts down on the dismissal of tickets due to sloppiness, you can drive away from a cop handwriting a ticket - and an incomplete ticket will get dismissed. A scanned ticket on the other hand in just about instantaneous. Even if you drive away before it's given to you, you (or whomever the car is registered to) will get it in the mail.

On a different note, I heard from a city worker that people with out-of-state plates are getting stopped more. I guess if they can't scan the plates, they can still trump up a ticket charge.

Posted by: i_heart_brooklyn at December 4, 2008 1:52 AM in response to Parking Ticket Hot Spots

In Brooklyn Heights and Park Slope when the meter maids see there is still time on the meter, they start checking registration and inspection stickers. In Crown Heights, instead of just waiting to give you a ticket, I've noticed (more than once now that I really think about it) the street cleaning truck waiting before alternate side starts with "parking" police right behind it. And about half a block farther back is the NYPD tow truck. Something else I've noticed: Alternate side is usually 1 1/2 hours. Some cars get 2 tickets. I know the cops can ticket you again after an hour, but I haven't really seen that enforced until lately. Be alert. The City is definitely shaking people down.

Posted by: i_heart_brooklyn at December 4, 2008 1:45 AM in response to Parking Ticket Hot Spots

Biff, I have a question. I noticed in most, if not all of your posts, you blame the consumer for high gas comsuption - bigger vehicles, bigger homes, etc. I get that. But you didn't address people who have to drive. People who live in middle America who don't have access to mass transit or carpools. Charities who MUST transport their people to doctors appointments, family gatherings, whatever. Trucking companies who transport goods we all need - food, medicine, clothes... Surely, you're not blaming these people too??

Posted by: i_heart_brooklyn at December 4, 2008 12:35 AM in response to Closing Bell: Gassing it Up in Brooklyn

I didn't even look at the listings until I voted for the less expensive 271.

I figured both being overpriced notwithstanding, a corner house is worth more. HOWEVER, it also costs more to heat, cool, secure, landscape and update.

Posted by: i_heart_brooklyn at December 3, 2008 1:19 AM in response to House of the Day: 277 Stratford Road

I agree that high oil prices will be a catalyst to finding alternative sources. Alternative sources have to be found but it can and should be done without punishing people. Everyone who drives isn't an inconsiderate, non-earth loving boob. Truck drivers are working transporting things we need and providing for their families. Access-a-Ride, charities and other foundations that use vans and mini-buses everyday don't have the option of taking mass transit - their people need to be in a created controlled environment. Suggesting these people and others like them have to suffer needlessy by paying artificially sustained high prices as an incentive is insensitive and dangerous. Who are we to decide who gets to go broke.

Posted by: i_heart_brooklyn at December 3, 2008 1:05 AM in response to Closing Bell: Gassing it Up in Brooklyn

^^^

I also love the color scheme since it's mine also :) I have a slightly darker beige in an interior room. Since that room gets not alot of light, the paint shade is the "shadow" color of beige throughout the rest of the house. Even the bathroom.

Posted by: i_heart_brooklyn at November 25, 2008 1:49 AM in response to Brooklyn Modern #1: Craft Modern in Fort Greene

I don't get why on the fourth floor in the back, a bedroom is pushed into the interior accessed through a study when, IMHO the space would've been better optimized by swapping the two spaces making the interior room a sitting room. In the front, I would've swapped the bedroom and study. The smaller room would be a hugh walk-in closet and the closet space would be a nice reading nook.

Posted by: i_heart_brooklyn at November 25, 2008 1:42 AM in response to House of the Day: 566 1st Street

I'm glad to see I'm not the only one who thought WTF concerning the Quincy St. house. $799k in this market for an SRO broker-babble listed as "a legal two family with SRO mix..." Yeah, okay. I'll bet Corcoran also has someone who can get you a mortgage for this place.

Posted by: i_heart_brooklyn at November 22, 2008 1:30 AM in response to Open House Picks

I don't want to get flamed but the What might have a point. Yes, this apartment can command a premium but in this market, how are you going to decide who's credit-worthy when EVERYONE is losing money. If someone signs a lease for a year, what happens when s/he can't pay rent after 2 months. Also, don't forget this is Brooklyn where landlords don't have any rights and tenants always know theirs. One last point: Even if your tenants appear to be financially stable and good on paper, these are sometimes the very people who are professional tenants. There was a story in the New York Times a while back about a guy who owned a brownstone in Harlem and how his $4K+/mo. tenants stopped paying rent, took him to court and filed for bankruptcy. I will look for the article. Just be careful.

An ex-landlord

Posted by: i_heart_brooklyn at November 22, 2008 1:06 AM in response to How to Estimate Rental Income

No shot. This is a super-duper jumbo mortgage. You would have to put 20% down. There are two rent stabilized tenants. And let's not forget the lovely mansion tax. Instead of supporting two strangers for the rest of their lives, why not just give your money away? I'll take some. I really would love to sample some of what these home sellers are smoking.

Posted by: i_heart_brooklyn at November 17, 2008 11:51 PM in response to HOTD: 306 Washington Avenue, Two Price Cuts Later

This is a nice way of the developers saying they know these units won't get funded at the original prices anyway. Banks have been known to "request" more money at closing which is their way of adjusting the buyers financing when it's too late to do anything about it.

Posted by: i_heart_brooklyn at November 15, 2008 12:36 AM in response to More Creative Financing: Price Chopper Insurance

I just discovered this clusterf*ck today. Cutting off this right onto Ashland might be better for pedestrians but since the Carlton Avenue bridge is closed and now this right is taken away, there is no way to get out of Flatbush Ave. traffic going downtown. Also, Schermerhorn St. traffic can no longer turn right onto Flatbush. Schermerhorn is blocked at 3rd and traffic must go straight across Flatbush. UGH!!! Aren't flow control patterns supposed to alleviate traffic?!

Posted by: i_heart_brooklyn at November 15, 2008 12:21 AM in response to Parting Ways for Flatbush and Hanson Place

I used to live in CI. (Does anyone call it that anymore?) It's always sad when public spaces, especially beaches, are developed for private uses. Coney Island's amusement area should should be rehabbed to its former splendor and the beach allowed to stay public.

Posted by: i_heart_brooklyn at November 14, 2008 1:26 AM in response to The Future of Coney Island

I didn't know Starbucks was slated for Mike's space. I used to eat there all the time and was shocked when I drove past there and saw it gated up. I hope something good opens there (and not another hair salon or cell phone shop).

Posted by: i_heart_brooklyn at November 14, 2008 1:15 AM in response to Caféification of Prospect Lefferts Gardens

kjp216: This is right next door to AutoZone which is next door to White Castle. I hope they do a brisk business with all of the garage and gas station attendants and sanitation workers, maybe cops. I don't see anyone strolling over to that location - it's a very commercial strip.

Posted by: i_heart_brooklyn at November 12, 2008 12:30 AM in response to Choice Atlantic Revealed!

I heard my tenants talking about the white walls and asked them what color would they want if they had the choice. Surprise of all surprises, they picked a nice shade of beige. So, they bought the paint beforehand and since I had to paint anyway, I used their color. Everyone was happy.

Posted by: i_heart_brooklyn at November 1, 2008 7:24 AM in response to Paint colors for tenants?

Hikind is an idiot. If we all denounced everyone around us who was/is of a less-than-stellar moral fiber (according to us), the world would be an empty place.

He doesn't want to vote for Obama because "... If Barack Obama didn’t have the courage and wisdom to denounce his racist reverend in Chicago, how on earth will he deal with America’s enemies who want to destroy everything America stands for?”

So I suppose Hikind is courageous and banishes racism whenever and wherever it rears its ugly head? Please. His constituents should be very afraid.

Posted by: i_heart_brooklyn at October 29, 2008 1:53 AM in response to Tuesday Links

I'm with Adam Dahill on this:

"I'm torn on Interest Only loans. I myself have a 30 yr fixed with the first 10 years IO. I love this product because I am in a commission based business and my income fluctuates every month. I pay extra principal when I have large checks come in and when I receive my tax refund. Every time I make a principal payment my loan reamortizes and my monthly payment goes down but I continue to pay the same amount. It's not for everyone and you need to be responsible."

A lot of people are making the mistake of saying a product is bad instead of either the people using it or the way it's applied. Maybe it's being PC but it's not smart.

You can't tell me someone like Donald Trump pays down his principle every month. No. He pays the least amount possible and uses the difference for leverage in other projects.

It's like Adam posts. Don't take away the options that these products offer. Bankers and brokers need to be more responsible but ultimately it's up to the person who will be repaying the mortgage to read the fine print and understand what they sign.

Posted by: i_heart_brooklyn at October 29, 2008 1:41 AM in response to Mortgages More Elusive for Some Minorities

^^^

WOW! bxgrl is my hero - very well said.

Posted by: i_heart_brooklyn at October 29, 2008 1:10 AM in response to Renters Love Obama

My mom is a longtime friend of Michael, the guy who owned and ran Accentiques. He really had some great stuff... It's a shame really. No one needs antiques but who NEEDS another cell phone?

Posted by: i_heart_brooklyn at October 25, 2008 1:23 AM in response to Streetlevel: Cell Phones in Place of Antiques

- Have lunch (dinner) and dessert at IKEA: $10

- take the IKEA ferry to lower Manhattan: free

- go the the South Street Seaport and watch the boats go by, people-watch: free

- have an authentic street vendor pretzel, hotdog, falafel, etc.: $5

- walk uptown on Broadway and window shop: free

- One Day MTA Funpass: $7

- Back in Brooklyn, visit Montague Street and the Promenade or Dumbo and look at the beautiful architecture.

- Have dinner on Montague. Subway $10 or Lassen & Henning $10 or Lichee Nut $15 or Five Guys burger and fries $10.

or

- take the shuttle bus back to IKEA: free
for dinner (and dessert): $10

Posted by: i_heart_brooklyn at October 22, 2008 2:26 AM in response to Touring Brooklyn on the Cheap

Oh, and how could I forget granite countertops? God forbid, you want soapstone or a stainless steel integrated counter or maybe even butcher block...

Posted by: i_heart_brooklyn at October 22, 2008 1:39 AM in response to Quote of the Day

I think the renovations being referred to are: stainless steel appliances, travertine tile, hardwood floors, open-concept living spaces...

Even houses like brownstones and townhouses are getting the "modern" treatment to their detriment.

It's getting so that all the renovations look alike.

Posted by: i_heart_brooklyn at October 22, 2008 1:33 AM in response to Quote of the Day

But even when prices go down enough so these "new" homes will be affordable, some of them are so ugly and crappily built that no one will want them anyway.

Posted by: i_heart_brooklyn at October 18, 2008 4:16 AM in response to Housing Starts Plummet

I agree with the first post about the Flatbush house - it looks like a great deal. I'll add that if you work in Brooklyn, can get in there for about $385k and plan to stay in the house for a while, this is very workable.

What is the area like?

Posted by: i_heart_brooklyn at October 18, 2008 4:04 AM in response to Open House Picks

THL, LOL! I don't want to see anybody go broke, but let this be a lesson to developers who want to throw up any POS and expect to have money thrown at them.

I wouldn't live in this place for free.

Posted by: i_heart_brooklyn at October 17, 2008 3:25 AM in response to 45 Third Place Not Moving

Smokey - we also offer the credit for early/on-time payment. It's smaller than the penalty for a late payment (which is at 5 days) - but almost always get our rent checks on or before the first of the month.

As someone stated above, when a tenant choses to pay the rent can tell you a lot about the tenant. Our tenant who wasn't motivated enough by the credit to pay on time ended up being a problem tenant in other ways.

Posted by: Heatherie at February 10, 2009 11:22 AM in response to Late Rent Notice

By your definition rent is due on the first and not deemed late after the seventh. If your tenants are paying a few days after the first they may not know that this is offending you. The best thing for you to do if lower your grace period.

I am renter and I always turn my rent in on the first or before the first. There is a five day grace period in my lease. My landlord usually waits two to three weeks before she deposits my check. Last month I had a few things going on and I didn't pay my rent on the first as I usually do. Three days after the first my landlord approached me about the rent. I told her as far as I was concerned I had two more days before it was late and I would incur penalties. I of course gave her rent the next day but this was more offensive to me than it was to her. I am still within the contract so there is no reason for my landlord to make me feel as if I am trying to dodge her or pay late. If your tenants are within there contractual obligation and you are feeling awkward about there payments then the problem is with your lease agreement not your tenants.

My parents have several apartment complexes and have a number of tenants who pay consistently late. Their cashflow is such that they actually love these tenants. A late payment of twenty five dollars on unit that is 1000/month is the same as have an APR of 30 percent. So they just choose not to worry about it, and enjoy the benefits of the late charge should

My advise, change your policy before you change your tenant.
Also I would work hard on getting your cashflow in line so your are not dependent on the rent coming in on a certain day of the month, I would work on saving a few months worth of mortgage and costs so you stop taking out your worries on your tenants payment schedule which is totally permissible by your policy.

Posted by: ScottyMax at February 13, 2009 4:13 PM in response to Late Rent Notice

Thanks for sharing information about home loan modification. I think loan modification is a process for modifying loans for more affordable payments.

Posted by: Loan Modification at September 2, 2009 9:35 AM in response to Housing Loan Modification?