Eleanore Shearin
New member
bailout for troubled...? ...homeowners. There are so
many rules about who qualifies and who doesn't that my head was spinning at the end of the program.
Let the government hand over more money to the financial institutions who currently have a stranglehold on the first bailout money. Smart right? Then homeowner A who is behind a few payments gets help while homeowner B who may be in preforeclosure or going through foreclosure can just forget about being rescued from the streets. The most at risk number of homes is more than likely belonging to homeowners like homeowner B.
Let's also punish the unscrupulous home buyers who purchased homes which were way out of their means. It's their fault after all, right? Not as far as I'm concerned. Lenders should be tarred and feathered for being so greedy by not following formerly strict lending guidelines.
Throwing more money at the foreclosure wildfire is like trying to put out a grease fire with a glass of water. We're going to be burning for a long time. What do you think?
many rules about who qualifies and who doesn't that my head was spinning at the end of the program.
Let the government hand over more money to the financial institutions who currently have a stranglehold on the first bailout money. Smart right? Then homeowner A who is behind a few payments gets help while homeowner B who may be in preforeclosure or going through foreclosure can just forget about being rescued from the streets. The most at risk number of homes is more than likely belonging to homeowners like homeowner B.
Let's also punish the unscrupulous home buyers who purchased homes which were way out of their means. It's their fault after all, right? Not as far as I'm concerned. Lenders should be tarred and feathered for being so greedy by not following formerly strict lending guidelines.
Throwing more money at the foreclosure wildfire is like trying to put out a grease fire with a glass of water. We're going to be burning for a long time. What do you think?