oreo
Gold Member
- Thread starter
- #21
bailing the struggling homeowners by putting them in to a fixed mortgage for them to pay would affect us homeowners not involved in this mess the MOST, along with our gvt, who now owns all of the foreclosed homes....we need the housing market to IMPROVE so that the gvt gets our money BACK when they sell the assets they just bought or nationalized!
the dems are absolutely RIGHT in insisting on this! in fact, they should have done this LONG ago, then the banks/insurance companies wouldn't have needed the major bailouts they're getting now....
HELLO--LOWER fixed mortgage rates have been available forever to people struggling. Re-negotiating of loans have been offered. Most walked on the house instead of refinancing to a lower fixed rate
Think about it? If you don't have to put any money down on a home, or offer up any collateral--the home you just bought is more like a rental, you can no longer afford to stay in. It's very easy to walk out. This is exactly what has happened.
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