Upcoming Foreclosures

Should the government help with foreclosures? Do you think the U.S. government should help homeowners who are facing foreclosure, like they helped the banks and companies who were facing bankruptcy?

Foreclosures -- What the Government should do? The Government should make a law or bill that states that all foreclosures MUST stop for a period of 3 years, this will keep people in their homes and it will force the lenders to listen to the borrowers! As in agreeing to do loan modifications that people can afford, that way people are no longer being foreclosed on and the blood sucking mortgage companys still get their money (over time) Because right now if you are late on your mortgage and you try to ask your lender for help they will not listen to you nor will they even try to give you alternatives of any kind (trust me I know this first hand) The Government could add that if a lender continues to not try to work with a borrower then that lender would be penalized in some way. If the Government came up with this type of bill, then it wouldn't cost taxpayers any money, Unlike the bill they have now which is costing 7 Billion dollars!! And this money is only helping the mortgage companies its not helping people stay in their homes. Its only bailing out Fannie and Freddie and some others. Anyways, if any of you have any comments on what I wrote please feel free to Email me at: truevineyard@aol.com

Why can't the govt. just stay out of the housing market? WASHINGTON (AP) -- "The Obama administration may turn thousands of government-owned foreclosures into rental properties to help boost falling home prices. The Federal Housing Finance Agency said Wednesday it is seeking input from investors on how to rent homes owned by government-controlled mortgage companies Fannie Mae and Freddie Mac and the Federal Housing Administration. The U.S. government rescued Fannie and Freddie in September 2008 and has funded them since the financial crisis. The mortgage giants own or guarantee about half of the nation's mortgages and nearly all new mortgages." Freddy and Fannie have proved to be a major fubar. Can't we just let them fail and get on with it? The homes are still there. The market will decide what their value is and they will sell eventually. If the people can't or will not make house payments, then they probably can't or won't pay rent. Keep the government out of it. Fire all the high paid execs at Fanny and Freddy that made these bad deals IN OUR NAME!

help with foreclosure on government home? my friend just bought a home 9 months ago and is now is about to loose it it is a HUD housing i beleive are there any programs or anything to help her so she wont loose it she said she has tried and everyone is tellin her she canr cause it too soon she has to be there 5 yrs to be approve for anything is this true?? please any type on info would help of and we live in AZ if that means anything

Am I protected under the anti-deficiency statute law in California if i defaulted on my mortgage? I'm one of those unfortunate homeowner who purchased a home during the boom and also got one of those adjustable mortgage. I've been paying my mortgage on time and am not behind on my payment whatsoever. But my payment will start adjusting in a few months and the value of the house has taken a dip and I was told if I want to refinance my current mortgage, I would need to come up with the differences in order for my bank to refi. So my question is this, if I'm not able to come up with the money does that mean I cannot refinance? Am I shit outta luck? I've been responsible for my debt and I got screwed over my loan because my former loan officer did not disclosed those critical terms and loan details. On the closing day at the escrow office, my former loan officer wasn't even there at the signing. She told me just show up and sign the documents and I was naïve and I did it. Do I have a case against this loan officer if I plan to sue her? The bottom line is, if I stop making payments and eventually foreclose the house, does the bank has the right to come after me for the differences that didn't satisfy the loan because of the anti-deficiency statute in California? Am I protected under that law? The house is my primary residence and it has never been refinanced. My current loan is an 80/20 piggy back loan, with a 2yr fixed/adjust every 6 months. I'm just worry that the bank will come after me for the differences if I do foreclose on the loan. Any suggestions? Ideas? Alternatives? Is there any way I can avoid foreclosure? Any government agency I can turn to for help? I'm very stressed out so please advice! Thank you!

government help with foreclosure? my wife has tryed to get info on the new law beginning on oct 1st, concerning help with foreclosure, can not really find any solid info on this matter, we are soon to be in foreclosure need some help, yes I lost my job, to explain why we are in this position, credit completely destroyed

Government programs and foreclosure? I am currently working with a local agency to help save my home. I just got the final paperwork to show me what i will be paying. the problem i have is that the mortgage co. has raised my principal balance more than $20,000 over what the principal was before i started having trouble paying. Now my home is currently only worth $110,000 and my original principal was $131,000. I think it would be stupid for me to agree to this loan that is $40,000 more than it is worth. I thought these programs were there to help people in need not set them up for failure. what if i have to sell in the near future. they expect me to take a huge loss. how is that helping me.

is the government going to help people with their foreclosures and how do you find out if you can get help?

How to get virtual interns for web design, marketing and SEO, blogging, research, social media site updates? I am a small business owner in the real estate brokerage field. I have watched several webinars and such promoting small business owners' use of interns to help grow their business in areas such as research, direct sales, web development, SEO, marketing research, business automation, and so much more. I have seen a lot of stories of people pulling off a good internship program within their offices - but all were larger operators than I. We own several properties, do property management, have a full service real estate brokerage, offer discount brokerage services, property preservation (for bank-owned homes), do a lot of property valuations (Broker Price Opinions), and list a lot of foreclosures from government entities and several natioanl mortgage loan servicers. Recruiting has been very difficult since we are so busy all the time - finding a good staff person is hard to do - and when I do I can't help but feel like I put too much on their plate... and its short lived. I tend to work 14 hours a day and would like to cut it back a bit - I do a lot of the marketing, media, and print design work - especially online marketingn and social media updates in the evenings and after hours... I do a lot of file auditing and book keeping in these late hours too... According to a few people who are trying to selll how-to books and forms - they have had a lot of success getting connections with various vocational and state colleges around the country that will offer their student various unpaid and paid internship positions - virtually... Anyone have any experience with this? Pitfalls? Success stories? There is no shortage of work to be done here - and I'd love to be able to teach some of the things we do here as investors and real estate marketing professionals to the next generation - and learn from them some of the newer emerging stategies and technologies as well... Ideas? Legal concerns? Process to work with college staff? What do I need to know to be successful at offering up an internship position?

The government was supposed to help with mortgage foreclosures where do you get info and help? I am one who got stuck in an ARM and in the meantime had a child and get no support whatsoever. I heard the government was supposed to have programs to help individuals from loosing their homes. I am not delinquent but my rate will adjust AGAIn in December and I can't afford it on top of my 2007 & 2008 property taxes and student loans and income taxes I owe from taking larger weekly exemptions to make ends meet. Anyone know of any programs that might help me? I am barely making it now and my payment will go up $80 and more every 6 months. I have rocky credit and my value of my home has gone down, live in the wonderful state of Michigan. All I want it the government to help me refinance. Where might I find info? I contacted my mortgage company (Ocewen) and they tell me I can afford another $200 per month.....where the hell they get that is beyond me!!! All I want it so keep from loosing my home! Any point in the right direction would help!! Sweetest Thrill - Didn't your mom teach you if you have nothing nice to say don't say anything at all! I'm not asking for a handout I'm asking for help to keep my house and keep paying the debt I owe and not walk away from it letting it go into foreclosure which will add to the pool of monies taxpayers are footing!!! You must not live in one of the states that are getting hit hardest with this wonderful state our economy is in. And let me guess you probabaly have a job that's not getting hit as well! My income has dropped because I work for an asphalt paving company. If you know anything about asphalt you know a major part of it's make up is OIL!!! And now they've had to cut our bonuses and raises to keep above water and the business operating. So to defend myself to your ignorant comments, if my income didn't get cut and if the housing industry wouldn't have plummeted I would be fine!!

News forecasts, be more specific on borrowers rights on foreclosures. Help us? Who can we contact for help? Who can we trust with so many scams and identy theft everywhere? Should we get legal help as well as housing counseling? How do we get in contact with the loss mitigation dept. with the lender? Whats our government doing to help/protect us from foreclosures?

hello everyone. my question is regarding home or apartment searching.? I live in philadelphia and I was wondering what is the best way to search for a home to buy or an apartment to rent. I tried some website searching but most I 've come across always want you to pay to view their list or sign in to register an account. Has anyone come across any websites where it is truely free to view information on homes or apartments in Philadelphia? Also, I have been hearing a lot about government homes in foreclosure and wanted to know what is the best way to obtain detailed information about the ones that are listed in the Philadelphia area? Thanks a bunch to everyone who can help me with these questions.

So you say Obama wants to help people who are uneducated....? lazy and blah blah blah . So is it the same if Obama bails out the people who have defaulted on their mortgages, resulting in foreclosures ? If the government does step in to help, isn't that the same as any other government "handout" ? I mean surely these "educated" people knew what they were stepping into with these Adjustable Rate Mortgages. Thoughts ? I really didn't expect to get many answers to this question. I did however, predict that the people who speak down on "handouts" to try to justify this with "it's different"

How to avoid foreclosure? My husband and I are finding ourselves having to move. We currently own our home in Washington Sate, and are needing to move to Minnesota. We have thought about renting out the home but honestly what we need to get for rent to cover the loan isn't going to be enough. We are going to list the house for sale but have been told that if we do so, it would be difficult to sell the house with renters living in it. Obviously we cant afford at this time to pay two mortgages. Is there anything we can do? I really don't want my house to go into foreclosure. I've heard there are long waits for assistance from the governments "avoid foreclosure" plan. PLEASE HELP!!! Any advice is appreciated. Thank you so much.

What kind of government grants are out there to help with housing/home foreclosure? I'm on the verg of foreclosure and need help fast! I know it may be a bit far fetched to receive a grant for home foreclosure but I'm just reasearching any possibility to help me not lose my house.Any info will help. Thanks. well dawn666, My husband has a full time job and we have 5 kids and we like many people in the united states has found ourselves in a hard situation,so before anyone else thinks I'm a lazy bum try to not be an IDIOT first!

How much responsonsibility should the government take? It appears that more people are looking to government for assistance for everything under the sun. Anything from foreclosures to health insurance. Why aren't we self sufficient? I'm absolutely happy with my income, and I should NOT be entitled to help someone who carelessly reproduce, and decide not to invest in themselves, obtaining a higher education. And for those who obtained a higher education, did you really think that underwater basket weaving would pay off the 40k in student loans you racked up? The US has provided so much for early success. Where I'm originally from, EVERYONE pays for school, text books, calculators, computers, uniform, school food AND transportation. The basics are taken care of here, so why haven't we taken full advantage of that? Why aren't we successful enough to be able to survive without so much gov't aid? How socialist will we become? I'm not expecting to be liked for these questions, and I'm expecting a lot of answers from the ignorant, so fire away

How come the American Government can come up with Million$ to help another country but not their own ? why don't they forgive people who are hardworking of their debts in times of foreclosures or give their own people a break ?

Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? I believe you are responsible for your own choices and you should pay the price for your decisions Last Friday the U.S. Federal Reserve cut the rate at which it makes direct loans to banks, sending a signal to Wall Street that it is aware of the credit contraction that has hit global financial markets. At the same time, the Fed wisely refrained from lowering its target federal-funds rate, through which it controls monetary policy, although Fed officials have indicated that a cut could be in the offing if markets don’t stabilize soon. The Bush administration has also demonstrated admirable restraint, resisting calls to let troubled mortgage buyers Fannie Mae and Freddie Mac charge into the market and increase their holdings. Demagogic politicians (and frantic investors) have shown less self-control, and the inevitable pressure to “do something” is bound to intensify. The administration and the Fed should resist this pressure. For one thing, the current crisis is unlikely to affect the economy in any significant way. As that becomes clearer, the hysteria will subside. For another, it is necessary that those lenders, borrowers, and investors who created the sub-prime mortgage mess bear its consequences. What we are seeing now is a necessary market correction. Several years of poor lending and borrowing decisions in the sub-prime mortgage market have resulted in a large increase in the number of foreclosures this year. Accordingly, Wall Street is reevaluating the credit quality of billions of dollars worth of mortgage-backed securities. Having found many to be overvalued, the market is making the necessary adjustments: Lenders are making fewer risky loans. Some of the biggest, such as Countrywide Financial, have tapped large lines of credit to cover short-term borrowing needs, announced layoffs, and instituted other cost-cutting measures. A few hedge funds have imploded, and a few more are in deep trouble. This is because these lightly regulated funds typically leverage their bets with billions in borrowed money, compounding their losses when risky investments — such as sub-prime mortgage debt — turn sour. Some of Wall Street’s biggest credit-ratings firms have taken a well-deserved hit in the press for giving many securities backed by sub-prime mortgage debt higher ratings than they actually deserved. The next chapter for them could be investigations into whether they fraudulently manipulated their valuations. Several members of Congress and some ’08 Democratic candidates have argued that these market adjustments are not enough and that we need additional layers of regulation. Back in February, when the crisis began in earnest, John Edwards attacked “predatory” lending practices and proposed a new government agency to regulate mortgage lenders (in addition to the five that already exist). Of course, that was before the Wall Street Journal revealed that a hedge fund Edwards invested in and worked for had ties to sub-prime lenders that had foreclosed on Hurricane Katrina victims. In fact, sub-prime lending is not an unmitigated evil. The advent of sub-prime lending brought about a fairly dramatic increase in U.S. home ownership, which for decades hovered around 64 percent until shooting up to 69 percent between 1994 and 2004. To be sure, unscrupulous players entered the market as sub-prime lending became more profitable, and some of them hid the true cost of risky loans from naïve borrowers. But borrowers were often complicit, wildly overstating their incomes to qualify for loans they could not afford. The New York Times reported in March that these “liar loans accounted for 40 percent of the sub-prime mortgage issuance last year, up from 25 percent in 2001.” Hillary Clinton has proposed a $1 billion federal bailout to help such borrowers avoid foreclosure. And her fellow New York senator, Chuck Schumer, has joined her in calling for a wider role for Fannie Mae and Freddie Mac in stabilizing the mortgage markets. The Bush administration has correctly decided not to remove the limits on Fannie Mae and Freddie Mac that were put into place last year when investigators discovered that both institutions had engaged in significant accounting irregularities. Fannie Mae officials argue that they can provide badly needed liquidity to the mortgage market. But as economist Brian Wesbury pointed out Monday, liquidity is not the real issue. The issue is a lack of information — no one seems to know how much these mortgages are really worth. The best thing the government can do is stay out of the way while the market reprices these securities. That goes for the Fed, too. The Fed has hinted that it might cut the federal-funds rate if the market continues to slide. In the esoteric world of Fed policy, where words can affect the markets as much as action, this was the right thing to say. But it wouldn’t be the right thing to do. Fed chairman Ben Bernanke’s shrewd move to cut the discount rate instead of the more consequential federal-funds rate calmed panicky investors without interfering with the market adjustment already underway. By cutting only the rate that the Fed charges on its own loans, Bernanke offered a lifeline to big institutions in dire financial straits, and bought more time for the market to correct itself without a change in monetary policy. Demagogues in Congress and on the campaign trail should learn a lesson here. Lenders, hedge funds, ratings firms, and, yes, foolhardy borrowers are paying a price for their excesses. Let’s not compound their folly by enacting a poorly thought-out policy.

Can you use government grants on a house in foreclosure? My boyfriend and I want to buy our first home and know that there are a few programs out there that will help us out with the closing costs or a better interest rate. We also know there are programs available from the government, as well as our state, that offer free grant money for homes. But would we be eligible for these incentives if we want to purchase a house that currently is in foreclosure/pre-forclousure? We live in Florida if that helps . . . Also, would we look for asisitance in the county we live in or the county we plan to moving to? Thanks!

What help is available for a disabled veteran attempting to find housing? I am a service connected disabled veteran. I recently lost my house of eight years due to unemployment from the recession. I am now facing homelessness for myself and family. I have been able to rebuild a modest savings just over 10K so far with a goal of reaching 20k in the next month by consigning my personal assets. I am looking for help investing this money into a home I can buy outright via foreclosure, auction or government seized property. I have tried to contact local, state and federal agencies that offer assistance to families facing homelessness but was denied assistance because of my savings or never had my calls returned. My attempts to locate housing so far have found homes barely suitable for farm animals or quickly snatched up by investors with more capital. If anyone knows of information that would be helpful and will allow me to help myself out of this situation please let me know. I currently reside in Loudoun County, VA, (for a limited time), and in case it's not obvious, "Buck Nekked" is an alias to protect our privacy.

What happens if a second wave of foreclosures and big company failures start along with new credit crisis? in late 2008, there was a financial meltdown where bad home loans and credit crisis led to the collapse of "too big to fail" companies like AIG, citibank, Freddie Mac, Fannie Mae, etc etc. At that time credit card defaults and home foreclosures were alarmingly high. Then the government came up with TARP or "bailout" program to help these banks and large failed companies. As result stock market rallied and Bernanke boasted of "recession ending" and "economic rebound now" However, due to such actions the deficit soared over trillions and US national debt skyrocketed. If a second wave of such corporate failures and credit card/ bank defaults start, will the government again bailout? Is it possible that the government just keeps creating TARP over and over again and always keeps bailing out to prevent recession damage? How long can such game last?

Is there help for people facing foreclosure when they DON'T have a variable interest rate? My husband and I bought our condo for our family about a year and a half ago for 108. At the time in this area, this was a great deal. We bought it from a friend that we'd rented from for a couple years, and the condos in the area for our model were going any where from 115's to the upper 120's. We love the area, we LOVE the schools, and we didn't want to move. So, we went for it. It was really stressful, but we pushed forward. So now, fast forward, the homes in the area are in the LOW 80'S! My work is working me less and less. My husband lost his part-time job due to it being sold to a foreign company and downsizing, which might not seem like much but at this part-time job he made more on a weekend than he did the entire week at his full-time job cause it was a union job. So, that was a HUGE hit to us. He still maintains his full-time job. We are limited because we only have one car, so we work opposite schedules. And, because of all of these things and more our mortgage is falling behind. We are running about 1 1/2 to 2 months behind at any given time. And, now with the holidays coming up we're really stressing out. Especially since we have two children, an 11 year old girl and an almost 13 year old boy. We're doing everything we can. We've rented out half our garage. We've cut off our home phone. We don't pay for online service (we just use the wifi). We supplement grocerys from our grandpa (who buys grocerys for the whole family, it's kind of his hobby. he loves it!). My sister (who lives across the street) and I alternate who makes dinner to save money. We don't buy fast food. We don't keep snacks or pop in the house. We buy generic EVERYTHING. My kids STILL don't have all their school clothes. My son doesn't have a winter coat yet, he uses my husbands. Thank God for hand-me-down clothes from the family! After all of this, my mortgage is still slipping! And, I'm scared to death that they are gonna come tell us to leave! I know this is a lot to read, and I appreciate you reading this. Most of what I've read online about the government helping people stop foreclosure pertains to people with variable interest rates, which we don't have. So, is there help out there for people like me who are doing everything they can but still coming up short? Thank you, God bless and Merry Christmas!

Has the government helped families with "interest only loans" who may lose their home to foreclosure?

is there a government agency that will help with stopping foreclosure free of charge.have no money and 3 payme

Remember when the liberals said the government wasn't "taking over the banking industry"? WASHINGTON (AP) -- A senior House Democrat threatened banks Wednesday that if they don't volunteer to save more homeowners from foreclosure, Congress will make them. In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy judges write down a person's monthly mortgage payment if the number of loan modifications remain low. Sounds like the government is completely running it now. The best part of the whole thing is Barney Frank helped cause the whole housing collapse by requiring banks to lend to low income families to start with. Now that they can't repay the loans, he's telling the banks they can't get their money or foreclose. Classic liberal politics. I bet the Auto Industry guy's butt cheeks just slammed tight. They know what is coming their way next.

Democrats -- Wouldn't You Want To See Examples Of Liberal Ideals On How To Run The Government ? I'm assuming that you're bright and can discern the truth . You probably believe in alot of the Democrat's ideas on how to run this country . Well what would you say if you could find proof as to whether those ideas work or not ? Pretty good idea huh ? Well here's proof . It's kinda long but I'm sure with all of your successful academic achievements that you'll be able to read and re-read this in no time . And I'm quite sure you'll appreciate seeing proof before believing . You know , the whole 'question everything' ideal that you've been taught . Read this . Give it thought . then tell me Democrats have good ideas . . . or maybe they don't ?BTW , this is about 2 term Democratic Governor Jennifer Granholm of Michigan . Granholm was reelected due to national politics Michigan is in a unique situation due to its economy! Statistics from granholmrecord.com: 51st in growth of home values Detroit ranks #2 most dangerous city in the US, Flint is #3 most dangerous Vetoed 4 year limit on welfare (Vermont is the only other state with no limits) Michigan faces possible $100 million in sanctions if no working welfare workers Increased Medicare costs from $5.6 billion to $7.2 billion Detroit ranked behind Cleveland as second poorest major city Detroit household incomes dropped 18.8% 1999-2005 Failed to work with Delphi then blasted Delphi after it filed for bankrupcy 2700 Electrolux AB employees jobless in Greenville,Mi after Granholm failed to act Due to Electrolux layoffs, Montcalm County opened its first homless shelter for men Failed to meet with Honda, losing 1500 jobs, $400 million Dept of Human Services overpaid $25.5 million for welfare in 2003 Granholm increased taxes by $2 billion 7.1% unemployment rate (37% more than the national average) Falsely claimed she landed Google-Larry Page, cofounder, is the son of Michigan State University computer science professor Dr. Carl Victor Page Vetoed road project Ford Wixom plant, then plant closed nearly half (44.7%) Detroit children live in poverty, 31.7% adults live in poverty 50th in per capital gross state product growth ranked 49th best state to do business in manufacturing jobs lost since 2003-115,700 Foreclosures doubled in two years; RealtyTrac states Detroit, Livonia, Dearborn are number one in the nation for most foreclosures, 4 times the national average 544 schools failing to meet federal standards bottom 4 states to improve teacher quality signed HB5029 allowing hunters to hunt mourning doves for target practice with the potential for lead hazards in decaying birds Michigan ranked D for computers in classrooms 6 people released from prison during Granholm tenure due to administrative failures: Patrick Selepak was released due to an error in parole violation and was one of the 6. Since 2003, 53,000 more with no health insurance Michigans graduation rate dropped from 76.2% to 74% 321 Foster Care providers convicted of crimes both sexual and domestic abuse ranked 10 out of 10 in disaster readiness failed to eliminate SBT- 80,000 jobs lost We need volunteers to help in this effort: 25% Michigan voters needed to sign petition in 90 days to force a special election after a successful recall. I am quite frankly disappointed in most of the first 6 answers . There's plenty of information to consider yet you're answers don't address ANY of the above info . (shakes head) .

what can't the government give people good advice? Local and state government and even the federal government are telling people to try and stay in their homes by cashing out annuities using savings, getting another job or borrowing from family. I know a few who have followed this advice and now they have no savings no annuity they owe their friends and family money and they are still losing their house. The bottom line is someone cannot afford a home then they should move on and not waste their money Why doesn't the government help people in this situation? All state local and federal government tells people that it is important to stay in their house. This is not the case it is just a place to live and even if someone gets current on a mortgage their paying twice the mortgage of the current market value and they are upside-down on their loan about 200k (in cA) the advice should be clear they should negotiate a deal with the bank if possible or move on, There are too many homes for sale and even if these people get current on a mortgage and have to sell it, it will be a short sale or a foreclosure because again they are upside down. And realistically of they do get a principal write down form the bank it really can not be sold because there are fees to sell a house. It is a sad situation but if we clear out dumb advice and think logically and rational most people should be walking away from their homes, or trying to work out a deal with the bank (a reasonable deal). Basically when someone that paid too much for a home cannot afford their mortgage at some point because of the mortgage resetting or loss of income ECT. They should decide early on if the home can be saved and stop making payment and work something out with the bank. Why can’t the government start giving people good advice????

Has anyone in this country stopped to think about this? Don't any of you find it interesting that since the government has insisted on helping foreclosure families, that the number of foreclosures has risen? Do you think that maybe it has to do with the mentality of "Why should I pay for my house if others get to keep theirs? What about financial bailouts, now everyone has their hand out for government money, which by the way, is your money and my money. Has anyone stopped to think about that? Do most of you think that the government makes it's own money? Because it doesn't, it collects it from tax payers, businesses, and the likes. Do you really think that the government should own, regulate, and control everything? Do you want to be like old communist Russia? Those of you who voted for Obama, is this the change to this country you wanted? Has Obama reached across the isle in any way? Everything nationalized? For the first time in my 45 years of life, I am truly afraid of our future. What are your thoughts to all of this? People, Bush did not deregulate the banks, the dems did when they ordered Fannie Mae and Freddie Mac to give mortgages to people who could not afford them. That is what started this housing crisis. It started back in the Clinton administration. The Repubs have warned about this practice and what it could do and no one listened. Personally, I do not think we should be bailing anyone out, period. Griggnax, I am also old enough to know what it was like during the late 70's when Jimmy Carter nearly destroyed this country with double digit inflation, unemployment, and interest rates. People were buying homes for 21% interest!! It took Ronald Reagan to pull us out of that mess. I am very aware of the fact that Obama has not taken office yet, I also fully understand that Bush and Paulson are the ones doing this, but I also know what Nancy Pelosi and the dems are wanting to do, and that is what scares me. Not to mention that if any of you really think that there are people out there who are not letting their mortgages go hoping for a bailout, you are the ones who probably think that the government really cares about you and that the government never lies to us.

Has anyone gone to jail for the biggest financial fraud in American history? The sale of overvalued mortgages based on fraudulent bookkeeping and overvalued credit ratings that is now causing a million foreclosures a year? The banks who perpetrated this trillion-dollar raid on the U S treasury (bailout) did so with the help of recent high-level employees working inside the government. Is this legal now?

What do you do when youve lost your paid off home to a flood, and waited 4 years for fema to do nothing ? Thats right !!! Our home was severly damaged in a flood 4 years ago and it WAS declared a disaster area. Fema gave us $800 for a footer and never went under the house. Then they said it qualified to be bought out and after 4 years of government runarounds and the roof collapsing and FEMA not coming up with any more money we had to sell it and take a $40,000 loss !!! We never got a credit card like Katrina victims or any other assistance. We had to evacuate the premises immediately on our dime with no help from the government and relocate. We have spent nearly $25,000 bucks in rent waiting on them to say we don't have the money yet to buy your 49,000 dollar home !!! A construction company had been really pestering us to buy it and we got fed up and sold it. Now we are looking at foreclosures and bank repo's and home auction websites, but people with more money than us keep outbidding us on homes that we see and like !!! GOOD LUCK TO NEW ORLEANS AND MINNESOTA !!! How do we get help ???

Do you think it's insane that the federal government is considering? bailing out those homeowners, who are being threatened with foreclosure, because they can't afford their mortgages? Now I'm no economist!! I can understand helping those who were bilked by the banks, but to help the one's who signed for those sub-prime, adjustable rate mortgage's on a house that was way out of their league, is just ludicrous to me. People need to take more responsibility for the asinine decisions they make.

Mortgage help even if I'm not in foreclosure? So with all of this talk about the government bailing out people who are in foreclosure, I wonder if I (who am not in foreclosure and have made payments on time since obtaining the loan) can get a decrease in my interest rate? Doesn't seem fair that only those in foreclosure benefit from help from the government! I'm not looking for refi. I'd like to benefit from the billions that the government has allocated for the people who got in over their heads.

Would it be better for me to purchase a foreclosed home being a first time home buyer? I am aware that as a first time homebuyer there are government programs to help me with downpayment assistance, etc. Do these government programs apply to foreclosed property, or do I need to purchase a home instead of going through the foreclosures to qualify for gov. assistance???

When is our government going to help the Innocent Victims of Chinese Drywall? www.victimschinesedrywall.com Why doesn't the government think that thousands of people losing their homes due to contaminated drywall is not affecting the economy? Foreclosures are up and are only going to get worse because these homes are making the occupants too sick to live in them and the government has not helped with temporary housing. The CPSC can’t give people a final protocol so they have no way of knowing if their home will be safe even with remediation. When will someone in the government step forward and be responsible to resolve this issue before thousands are homeless, bankrupt, or ill from living in these homes even when they should not because they have nowhere to go? Thousands of families have lived the catastrophe of Chinese Drywall for more than the last 2 years. These families have not been able to live in their homes that are now toxic from this import that was Made in China. Families did live in these homes for years before this toxin was realized and watched their health deteriorate, never imagining that it was from toxic drywall used in their home. These families have had their health, home and finances destroyed. The Government of the United States of America needs to step up and hold China accountable for their toxic products that are causing catastrophic problems for tax paying American citizens.

What is you Government doing for you? How is your government doing? If any- one citizen living in the United States feels that the answer to this statement might be true, then it is time for you to act. Stop sitting on your hands doing nothing to fix our problems in Government. No more sitting back waiting for some knight in shining armor to come rescue you, they just are not going to come. No more putting your trust in those fast talking pimps because they care more about their own family, friends and MONEY then doing the real work of the people. Moreover, no more expecting those that we elected to do what is in the best interest of you, the city, the state, or your NATION for to many have proven to us they are inapt and not even deserving of our respect. In order for our Country, and our expected way of life to be sustained, and thrive, it is going to take the citizens that really care enough to pull it out of the pathetic state that our leaders and have now put us in. It is going to take the citizens to start evicting the present so-called leaders and start electing people that care and lead by example. You want change and respectability from other countries. Then stop falling on the sward and start thinking about change that will help us out of our situation and help us grow. We the people need to start stepping up and voicing out about these people and the changes needed, to bring us back to the GREAT NATION we should be and once were. Remember these caring elected people tell us what we want to hear just to get into office, and then they show their true colors. They are taking away our way of life, our jobs, our culture, our plain existence. Honestly, can these people that have hurt us so much care, be trusted with any more of our future. We must stop allowing ourselves to be lead astray by any organizations such as the Democratic Party, Republican Party, or any group, or any other organization. We deserve better, far too many of our pseudo leaders could not lead us past the front door of their banks and are leading us astray with plain BULL, most if not all are just self-fulfilling, and self motivated. THIS MOST STOP One of the greatest things we have in America is the power to make change. As some of the greatest ancestors that founded our great nation intended and fought for us. This is why we have the right to protest and remove the power that is damaging or economy and national security. Our constitution within it self-states we all have a voice that we have rights and should stand up and act, be counted. As our Government has grown 60% over the last 10 years, we have lost our way. One hand is unsure of what the other is doing, weeks of debate to fix nothing, Congressional hearing over steroids in baseball, the list is endless. Moreover, all the while, we the people are without jobs, economy is in a free fall, housing foreclosures everywhere, and our nation is shipping jobs and companies to other countries. We have become so TOP heavy and controlling that the people are the last thing they seem to care about. Keep in mind they keep collect there pay for this poorly, and inadequate job they are performing. We cry foul over the slaves of the past and wrong we where. However, that is what we are moving back to with the way our present GOVERNMENTS thinking. This time it is the powerful and the big corporations the rich and government leaders Vs the little people (slaves), that are dying off and forced to work at nothing jobs as the good jobs leave the our country. NAFTA, a way for the United States to increase jobs and a foothold in the world, what jobs you might ask, I ask that myself everyday another company leaves for Mexico, Japan ect. We have lost over 40,000 companies over the last few years and more than 500,000 jobs this year alone. Therefore, I ask , is our Government doing the right thing for our nation, our people. Are these holders of offices helping the people or just the corporations? In reality who is beneficiary of the changes, they have made to our customs laws and open borders, truly not the American people. Truly not the hard working people that made this country great, not the grandfather that is forced to work at Wal-Mart at the age of 72, because he can’t afford his prescriptions. As Mr. Bush, is set to leave office with his FULL retirement package for life I might add, after doing such a piss poor job for the last eight years, will he care about the damage he and this cronies in congress, and house have done to the American economy, I THINK NOT. Much like the companies that give big severance packages to CEOs that have mismanaged a business, after the stockholders have lost millions. One that comes to mine is a CEO that received 68 Million in severance for his inapt work (YOU KNOW WHO YOU ARE). Another is American Axel, 8 Million dollar bonus, and a raise after employees took pay cuts; benefit cutbacks, and costing more the 300 AMERICAN people there job in the United States that moved to MEXICO, sure, he deserves a raise. Again, I cannot stress enough how important it is for the people of the United States to be the agent of change for the betterment of America and for saving our Nation, DELAY on this will lead to our own demise. We are constantly saying that the Government is destroying our lives and we need less Government interference, then we need to fine the fortitude that lies within ourselves to stop them NOW. Selfish politicians that claim there helping, and looking out for us are now mistreating and abusing us. Over empowerment in office has allowed them to destroy us and destroy our GREAT NATION. We need to rebel against them and do the right thing, force them to do the right thing or get out of office; the situation has become so pathetic in the United States that it is now or we all will parish into a 3rd world nation. To protest is much like a riot; you can force change, but it is not going to change if we keep excepting the wrongs that we are and have endured. We must stan up and fight back, we are the leaders of change in this world and we must not allow them to continue their dangerous, destructive, and greedy ways. We deserve better, rise up make a stand, start making a difference TODAY, be heard now. Truly, any politician that really cares has a stake in this and the UNITED STATES and should stand next to and with us and finely fight for the people and FORCE CHANGE TO NAFTA and illegal Immigration, and this mismanaged Government as a hole. Someone needs to come forward, embrace this movement, and improve AMERICAS FATE. The fate of AMERICA rest with the people right now, because we can no longer have faith, or trust in the ones we have so inaptly placed in office and in control of our GREAT NATION. We have elected the same people to the same office so many times that they feel it is their right to be there, along with that, we have so many of our politicians with family and friends in office its turned into too ; the good old boy game. Furthermore, we allow a politician to move from one office to another when they can’t run there anymore because of time restraints, what good is that, we just open the door for them to do favors for one another to get that post, and we end up with the same results, different person. However, with our own inability to see the truth, and past their GREEDY way and bad decisions we have failed ourselves. Nevertheless, it is not to late to correct our problem. We can stand up and do today what we should have done yesterday or last week. KICK THEM TO THE SAME CURB THEY HAVE BEEN TRYING TO KICK US TO AND START OVER WITH NEW AND VERY AMERICAN PEOPLE. YOU CAN START TODAY BY CALLING EVERY GOVERNMENT OFFICE IN YOUR STATE AND ASK THEM TO RESIGN, FOR FAILING TO MEET THEIR OBLIGATIONS TO THEIR OATH, AND PRESERVE THE UNITED STATES OF AMERICA.

wheres this story at CNN PMSNBC Feinstein routes government money to firm doing business with husband? Feinstein routes government money to firm doing business with husband | The Washington Times reports that Senator Dianne Feinstein (D-CA) took unusual steps to route government funding to an agency that usually works from a separate stream of revenue just after the agency awarded her husband’s firm a lucrative contract. The FDIC gave Richard Blum’s firm, property management firm CB Richard Ellis, contracts to handle residential foreclosures at a higher rate than normal market price, even though CBRE had less experience in that market than other competing firms. And Feinstein got the FDIC the money even though she has no connection to the Senate Banking Committee, the body that normally deals with the FDIC: On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars. Documents reviewed by The Washington Times show Mrs. Feinstein first offered Oct. 30 to help the FDIC secure money for its effort to stem the rise of home foreclosures. Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her husband Richard Blum heads as board chairman - had won the competitive bidding for a contract to sell foreclosed properties that FDIC had inherited from failed banks. About the same time of the contract award, Mr. Blum’s private investment firm reported to the Securities and Exchange Commission that it and related affiliates had purchased more than 10 million new shares in CBRE. The shares were purchased for the going price of $3.77; CBRE’s stock closed Monday at $5.14. In other words, Richard Blum bought 10 million shares at the same time his wife arranged for an unusual and extremely large chunk of taxpayer money to go to FDIC. Blum must have been an investment genius to guess that his wife’s intervention would coincidentally precede the FDIC’s award, making CBRE stock more valuable. Blum’s investment made a $14 million profit for Blum and Feinstein and their partners. But of course, that’s all just a coincidence. The contract award to CBRE should raise a few eyebrows: The firm, known for its commercial real estate services, is to be paid monthly maintenance fees for each foreclosed property it handles, as well as commissions and incentives. The total compensation can range from 8 percent of the sales price on many residential properties to 30 percent for properties worth $25,000 or less. A smaller firm also won a slice of the work with similar terms, records show. Most real estate agents earn no more than 6 percent on residential, even on foreclosed properties, and CBRE doesn’t have as much experience in foreclosure sales as other firms, the experts said. FDIC awarded this contract to CBRE even though it’s more known as a commercial real estate property management firm, and it gave them more commission than agents usually get. Why would the FDIC deliberately award a contract at relatively unfavorable terms to a company with a weak track record in this industry? Perhaps they knew that the contract award would net them a lot more cash than they would have to pay out, thanks to the political connections at CBRE … and they were right. Now Feinstein wants people to believe that she and Blum had no idea that the FDIC would give CBRE this contract at the time she gave the FDIC $25 billion. How did CBRE get the contract — a lottery? They had to bid for the FDIC contract. Blum obviously knew that the bid was under consideration, or he’s the most incompetent board chairman in history. Feinstein expects us to believe that the board chairman would have no idea that his own company had a major bid under consideration for handling foreclosures at a time when foreclosures were exploding? Is that really going to be her final answer? At the very least, this shows a clear conflict of interest, especially with Feinstein suddenly jumping into the banking arena and FDIC at a time when her husband was doing business with them. It looks a lot more like a payoff and a shell game to allow her family to cash in on taxpayer-funded bailout money. (

With government spending out of control, was this an important news story? I seem to recall much ado about Sarah Palin, but I don't recall hearing anything about the $25 BILLION dollar gift Diane Feinstein sent her husbands way? On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Mrs. Feinstein’s intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn’t a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars. Documents reviewed by The Washington Times show Mrs. Feinstein first offered Oct. 30 to help the FDIC secure money for its effort to stem the rise of home foreclosures. Her letter was sent just days before the agency determined that CB Richard Ellis Group (CBRE) - the commercial real estate firm that her husband Richard Blum heads as board chairman - had won the competitive bidding for a contract to sell foreclosed properties that FDIC had inherited from failed banks. http://www.washingtontimes.com/news/2009/apr/21/senate-husbands-firm-cashes-in-on-crisis/ Download the terms of his contract and his expected compensation for full effect. This is unbelievable.

Do you think America is due for another revolution to get our government back to the people who it belongs to? Do you think that our government needs to behave more like a government that cares and works for ALL Americans rather than the rich few? They are suppose to work for us, not the other way around. History has shown that revolutions help keep our government humble. It's looking like we need another revolution with every day the gas prices go up more and more than ever; and money is being spent on foreign countries as people are losing their homes to foreclosures and people are losing their jobs to corporate greed that sends our jobs overseas. It's time people. Love America, and stand up for keeping America free, and prosperous for ALL Americans. The poorer people get, the more stressed they get, and then the more angry, and then the more ill, and then they can't work when they're ill so it's even more of a burden on our system. Please help us to help keep our country the great country we had before the Bush plague hit. Our children's futures depend on it.

how can I state and articulate the state of housing market, and likely impact of government policy? Forclosure crisis has tought us housing market is vital to the economy. some credible data to help me prove my point would truly help. I have decided that my view is that the government should shore up the problem from the roots. in my oppinion the roots of the recession is the housing slump. reasons why i believe this is because the housing industry has an effect on all of these: Falling building actividy. -bad for banks lending, and wats bad for banks is bad for economy. rising foreclosures-due to borrowers lack of knowledge gov. effort to restrain forclosures has had little effect so far. <-- What have they done so far? Paulsons plan is to bail out banks and institutions. - I think this is bad, because the banks are the people who got us into a recession. THhe reforms should directly effect housing. It would be very helpful if you could help me with some figures to back up my arguments. I have been looking all night, and found figures for my other arguments, but not these ones. THanks in advance

What do you think about this Bailout Could Help Illegal Immigrants ? The massive government bailout of the nation’s financial system could help thousands of illegal immigrants who obtained home loans from banks that were encouraged to offer them by the federal agency in charge of preserving and promoting public confidence in the system. The controversial $700 billion bailout will offer foreclosure relief for those at risk of losing their homes and that includes thousands of illegal immigrants who got mortgages from U.S. financial institutions thanks to a push from Federal Deposit Insurance Corporation (FDIC), which began encouraging banks to offer services to illegal immigrants a few years ago. Headquartered in Washington D.C., The FDIC insures more than $3 trillion of deposits in U.S. banks and is managed by a five-person board of directors appointed by the President of the United States and confirmed by the Senate. In the last few years the agency succeeded in getting several large lending institutions to offer a variety of banking services to illegal aliens, including home loans. Now U.S. banks routinely offer services to people without Social Security numbers by accepting the Mexican identification called matricula consular to open accounts. Some states—like Illinois and Wisconsin—even used millions of dollars in public funds to provide low-interest home loans for illegal immigrants with no credit history or documentation in the U.S. The loan default rate among illegal immigrants is high because they are inherently unreliable, are prone to fraud and may be forced by circumstances to return to their home nation at any point, according to a congressman representing a state that operated a large mortgage fraud ring featuring hundreds of unqualified borrowers that used fake identities to get money. The veteran Colorado Representative, Tom Tancredo, wants to assure that the bailout, set to pass this week, doesn’t offer incentives for illegal aliens. In a letter to his colleagues in Congress, Tancredo asked that safeguards be included on the bailout plan to verify the legal residency and identity of potential homebuyers. This will prevent illegal immigrants from obtaining federally backed home loans and assure that U.S. taxpayers are not absorbing their debts or bad loans made by banks to illegal aliens. Could it be a coincidence that the area’s hardest hit by home foreclosures happen to be illegal immigrant sanctuaries like Las Vegas, large parts of southern and northern California and the famous Arizona sanctuary of Phoenix?

How to save the economy ? With the current economic situation, here is one way to resolve the issue. What is your opinion or way to save the economy? First off, $700 billion bailout from the government? ouch By saving the real estate market, it will help the entire economy get back on track. Home owners bought outside their means, didn't understand what they were agreeing to, or took out equity at the peak of the market. Now these individuals have lost their homes, or are in foreclosure. Banks/Lenders can't sell these homes and are sitting empty. Ex-home owners have had to move in with family and friends, rent, and in some cases become homeless. MY SOLUTION Home owners that are unable to pay their mortgage, should be allowed to have their home value reassessed and be given a lower fixed apr. That being said, the difference between the current value of the home, and what is currently owed on the home will need to be repaid upon the home being sold. In addition, once the home is sold, any amount over what is owed, will be split 50/50 between the home owner and the government. The home owner would not be able to sell their home for 5 years, unless the home can be sold for at least what is owed (mortgage & gov). Example -Home owners have a mortgage for $400,000 -House is assessed at $200,000 -New house payment 1/2 as much -15 years later the house is sold for $600,000 Home owner pays off what is remaining from mortgage. Repays $200,000 that the government paid, and splits the remaining $200,000 50/50 with the government. This will drastically cut the foreclosures, and save the US economy, especially the real estate market. When homes are sold in the future the government will get its money back, and profit from all homes sold under that program well into the future. stephanie c Its not that home owners are not wanting to pay anything. Home owners are overwhelmed with their payment for various reasons, adj apr, job loss, etc.... If a home owner has a $4,000 payment, and can only afford half that amount, why pay half, if you are going to lose the home anyway. That being said, if a government subsidy made the mortgage payment within the home owners budget, the home owner would be more inclined to stay. The government would regain the money invested when the home is sold. As stated the home owner would not be able to sell their home for 5 years. That limits the amount of new homes on the market, and would allow time for the current market to clear out and prices to adjust.

How to save the Economy and Real Estate Market? With the current economic situation, here is one way to resolve the issue. What is your opinion or way to save the economy? First off, $700 billion bailout from the government? ouch By saving the real estate market, it will help the entire economy get back on track. Home owners bought outside their means, didn't understand what they were agreeing to, or took out equity at the peak of the market. Now these individuals have lost their homes, or are in foreclosure. Banks/Lenders can't sell these homes and are sitting empty. Ex-home owners have had to move in with family and friends, rent, and in some cases become homeless. MY SOLUTION Home owners that are unable to pay their mortgage, should be allowed to have their home value reassessed and be given a lower fixed apr. That being said, the difference between the current value of the home, and what is currently owed on the home will need to be repaid upon the home being sold. In addition, once the home is sold, any amount over what is owed, will be split 50/50 between the home owner and the government. The home owner would not be able to sell their home for 5 years, unless the home can be sold for at least what is owed (mortgage & gov). Example -Home owners have a mortgage for $400,000 -House is assessed at $200,000 -New house payment 1/2 as much -15 years later the house is sold for $600,000 Home owner pays off what is remaining from mortgage. Repays $200,000 that the government paid, and splits the remaining $200,000 50/50 with the government. This will drastically cut the foreclosures, and save the US economy, especially the real estate market. When homes are sold in the future the government will get its money back, and profit from all homes sold under that program well into the future. My first draft had interest included in the repayment of what the government covered. As far as living within ones means, I agree completely. However, with the current situation, its about limiting the houses reaching foreclosure, and keeping home owners in homes. My plan is not about forgetting about what a person owes, it is about making the payment within their means so they do not go into foreclosure. Also by the home owner having to repay what the government subsidized (w/wo interest), and splitting any profit from selling their home, it is not only removing a huge profit from a government program to a home owner, but also giving additional income back into the government.

Can you get a real estate loan (Gov/Trad) to purchase a more affordable home when you are now in a foreclosure Job loss and injury caused us to fall behind on our mortgage payments. The Bank wouldn't work with us and began foreclosure proceedings after 30 days late. We cannot afford our current home. We are trying to sell, but the sheriffs sale has happened, our time to sell is limited. We have located a different home that is 1 1/2 times cheaper & will allow us to make MUCH lower house payments. We have some money to put down (the bank wouldn't take partial payments, work out repayment plan etc..) but we need to finance the balance for this different home. Our credit is terrible now because of this but we need a home for our family & children...are there any loan programs (government or traditional) out there to help us get into this home. We tried going Contract for Deed but the Foreclosure Co. wants to cut the home loose (the home we are trying to buy is a foreclosed property that needs repairs but the payment would be $100's less than we pay now) -Any guidance would be appreciated.

Question about HUD housing and buying foreclosures? My husband and I put in a bid last week for a home that was opening at a minimum bid of a certain amount. We put in a bid for $8,000 more than the minimum amount and won the bid. We were very excited until this evening when the realtor called and told us that instead of the initial closing cost, she just received word that included with the closing cost we will now have to bring an additional $5,000 to the table. It turns out that we bid higher than what the government appraiser has appraised the home for, and now we have to make up for the difference. If we would have known what the appraisal was to begin with than we would have stayed much closer (they don't disclose the gvmt appraisal before purchase). And just to put the icing on the cake.....my county appraisal district has the house and property appraised at $70,000 more than the government! Im not even kidding! Am I paying for Fanny and Freddy's screwing up or what? I mean is this really the American dream? The county government over appraises so I have to pay more taxes and the government appraise conveniently under appraises so that we have to pay the difference. Are there any realtors, brokers or mortgage advisers who can give me some guidance on how to fight these cost back down? This house has been through the HUD process twice.. now I know why. Any help?

Help available to purchase home for those on unemployment? Anyone know if any government help is available to people on unemployment to help in the purchase of a home. Possibly with this stimulus package?All types of help is available to help you stay in your home, to avoid foreclosure, but is there any help for those of us who have already lost our home?

How does creating more unemployment help the economy? Republicans/Conservatives in Congress, as well as in the many state legislatures, are laser-like focused on reducing and/or eliminating government spending, which reduces or eliminates government programs, which means those people who administered those programs will be unemployed, and will also have a second and third-order effect on businesses and people who relied on those programs and employees. When those "public employees" can't pay their mortgage and go into foreclosure, or when they need to go on public assistance, or if they go bankrupt paying medical bills, how does any of that help the economy? With the private sector still hoarding trillions of dollars, instead of hiring new workers, how will the economy absorb hundreds of thousands more unemployed people? Yes, I understand government spending, on both Federal and State levels, needs to be cut, but until the private sector is willing or able to gain momentum, is creating more unemployed people a long-term solution?

government funds to help consumers save their homes.? I have a small business,but I need funds to help people save their homes from foreclosure. there are a lot of families that losing their homes due to these predotory lending scams,families fell for these scams and now they are losing their homes,also the lost of jobs,but most of these people have regained employment and now its a struggle for them to play catch-up. who do I turn to and what type of contact can I get to help these people. This is a struggle for them. What can I do and who can I turn to. Will toe government help me with a grant? If so who do I call?. I want to help these families so much. Ifs ashame to stand by and watch these families loose their homes, frosty

Obama wants to help people whose houses are in the brink of foreclosure? WHAT ABOUT PEOPLE LIKE ME WHO HAS BEEN PAYING MY HOUSE WITH NO PROBLEMS??? WILL I GET EXTRA MONEY TO SPEND?!?! It's not like I want money from the government but, it wouldn't be fair. Angela TC- PLEASE tell me how am I racist?

How much more money would people have if the top corporations shared their profits? How much more money would people have if the top corporations shared their profits with the workers that created it? How much money would be injected into the economy, into the average middle class American's pocket books, if the top 100 corporations only shared 50% of their profits, ONLY with the workers at the corporations who helped to create that profit? How many bank foreclosures would have been avoided if corporations shared their profits with the workers at those same corporations? Would consumer confidence improve if these corporations shared their profits? Would bankruptcies decrease? Would spending increase, stimulating growth and development? Would the average person's quality of life increase? Would people have more faith in their CEO's and corporations if they shared profits? Would tax revenues increase from the increase in growth and spending, reducing our national debt? Would our government social programs become more sustainable with less people off of welfare if corporations shared their profits with the lowest paid workers? Would workers be able to afford the increase in the cost of living? Would they be able to stay in their homes? Would Americans be happier, healthier, and more productive if corporations shared their profits? Why do people think that wages are profits? Wages are wages and are completely separate from profits. That is basic accounting? Profits = Revenues - expenses. Wages are a part of expenses. Wages are not part of profits. Why can't people understand this? Profits = Revenues - expenses. Wages are a part of expenses. Wages are not part of profits. Why can't people understand this? AT&T made 12.9 billion in 2008 They employ 300,000 people. Dividend yield for that year was 6.3% If half of the profits went to employees, each employee would get a 20,000 dollar check at the end of EACH year? Investors would still get a 3.1% dividend yield, which is still better than any bank savings or CD account and 401K's would still rise! Besides, 80% of trading on the market are in BONDS not stocks.

I lost my home through foreclosure,under the new mortgage bailout is there any recourse when the banks come? what are my options e.g bankruptcy, debt settlement tax write down e.t.c. Will the banks sue for payment ,is there any government help with this

House Facing Foreclosure what can i do? so straight to business i live in michigan, my house is facing foreclosure we have to pay 600 dollars a month and with the bad economy its impossible to do on a 7.40 a hour job not to mention the high gas prices and food cost rising over the pass 5 years...my dads to old to work and has been going to college just for he could use his pal grant to pay the mortgage but he cant get his next pal grant till october so its lights out if i cant find a solution does anyone know of any government programs that can help me...we use food stamps but they only help a little as theres other necessities in life that people need toothpaste,soap,shampoo etc. anything that could help the situation would be great but from the looks of things either its a secret or no one seems to care about all these people losing their homes and id prefer not to live on the streets thanks in advance

Are you an undecided voter(this may help)? Which president had/was responsible for... 1.The highest growth in the gross domestic product? Harry Truman, a democrat 2.The highest growth in jobs? Bill Clinton, a democrat 3.The biggest increase in personal disposable income after taxes? Lyndon Johnson, a democrat 4.The highest growth in industrial production? John Kennedy, a democrat. 5.The highest growth in hourly wages? Lyndon Johnson, you guessed it, a democrat 6.The lowest misery index (inflation plus unemployment)? Harry Truman, a democrat 7.The lowest inflation? Truman, a democrat 8.The largest reduction in the deficit? Bill Clinton, a democrat • The Clinton administration presided over the longest peacetime economic expansion in U.S. history. When Clinton left office, there was a ten-year projected budget surplus of $1.6 trillion. • In less than a year and a half, Republican George W. Bush wiped out that projected budget surplus, and within three years, he turned the $236 billion surplus he inherited into a $375 billion deficit. Keep in mind that these figures are from George W. Bush's first term. He has soared to new heights of fiscal irresponsibility during his second term and continues to set records in economic incompetence. The national debt is now more than $10 trillion. "[A]s much as Republicans would like to tag Barack Obama and Democrats as big spenders, it's Republicans who have been America's biggest spenders. It's not even close.... [S]ince 1945, when Republicans have been in charge of both the White House and Congress, they have never, not once, reduced spending.... Reagan ran up a bigger debt than every president before him combined. The budget deficit exploded under his leadership and the national debt tripled.... [T]he debt has grown from under $1 trillion before Reagan to over $10 trillion after George Bush! And, yet, with all of this spending, we still don't have national health insurance and Social Security is more endangered than ever."-- Bruce Tenenbaum, HuffingtonPost.com, 10/16/08. Do you need a job, or maybe a second job, or a third job? •"You work three jobs?... Uniquely American, isn't it? I mean, that is fantastic that you're doing that."-- George W. Bush, to a divorced mother of three, 2/4/05 . If you really want to change America for the better, electing Barack Obama is not enough. We need to give the Democratic Party a filibuster-proof majority in Congress. Since the Democrats won a narrow majority in 2006, Republicans in the Senate have used procedural filibusters to block legislation which would have resulted in: * withdrawal of American forces from Iraq. * repeal of tax subsidies for oil companies that were making record profits. * a "cap-and-trade" process to reduce greenhouse gas emissions, defray the cost of gasoline to consumers, and encourage green-energy alternatives. * increased oversight and regulate speculative trading of energy futures that has driven up energy prices. * allowing Medicare to negotiate with pharmaceutical companies to lower drug prices. * adequate rest for military personnel between deployments to the war zones. * making it easier for workers to form or join unions. * relief for homeowners facing foreclosure and state and local governments burdened with foreclosed properties. This is just a small sample of the kind of bills filibustered by Republican Senators since 2006. For a more complete listing (with bill numbers and vote totals) visit <http://assets.OurFuture.org/documents/con-20081009-obstruction-real-story-110.pdf>. Why did Republican Senators filibuster these popular initiatives? •"I think [Democrats' inability to pass legislation] will give the Republicans the one opening they are going to have in 2008. Everything is running against the Republicans, but I think they have a chance if they argue that the Democrats have been in charge and they are the do-nothing Congress."-- Conservative pundit Charles Krauthammer, Fox News, 7/24/07. To paraphrase a cranky, old presidential candidate, "The Republicans would rather sabotage Congress than lose an election." (thanks to Mick Youther, the Nightlife, and the cited references above)

Here's my problem... while I was involved with my exboyfriend, he was involved? in various real estate transactions... he would buy, fix and sell. After a few months of dating, with the assumption and knowledge that the relationship was a lasting one, I agreed to having him put some houses in my name. On one particular house, I also agreed to take out a mortgage for him with the agreement being that he would pay the mortgage every month ($225) and take care of the house and all bills included with the house, i.e. taxes, insurance, etc. All the bills for this house were put in my name. Unfortunately, i signed a quitclaim deed giving him the house for $1.00 in the event that we broke up. Well, that has happened two years later. Since the breakup, he has not paid the mortgage and I recently found out that he has not paid the property taxes for nearly two years. The house is currently in tax title and was going into foreclosure in a month. I just found this out a few weeks ago. I have been in total contact with the mortgage company from the beginning and they are doing everything they can to help so they don't foreclose on the house. Also, this was a rental property. The ex was renting it out to Section 8 housing and collecting checks from the government. After researching with the housing department, I found that he was collecting the partial rent checks under his name as the owner. I informed them of the situation, that he had not been paying the bills on the house, showed them my deed and they changed the owner status to me. I have received one partial rent payment. The renters are responsible to pay the owner the balance of the rent. They have been informed of the change in ownership status from the housing department. I have serious emotional anguish speaking to this man as he is never truthful in whatever he says and is very manipulative. I finally got him to pay me back $5,000 he owed me, after continually hounding him for 6 months and him continuously lying to me about the money. So now, after he didn't receive his monthly check, he called me and said he had his income tax money and wants to pay on the mortgage and to pay him back the money I owe . He is collecting $2,400 a month of rent from this rental!!! My question is this, is this quitclaim deed still legal after having been signed in 2009 and him just filing it on April 6? Also, how can a property be legally quitclaimed if there is a tax lien on it and an outstanding mortgage? Is there anything I can do to rebutt this quitclaim deed as he has breached his oral contract with me? please help, thank you!

Do you agree with the following answer I found on this site? Mortgage banking meltdown: There's no valid reason but that America's corporate politicians are subservient to Wall street and the super rich. The Bush administration on Friday announced plans for a massive and unprecedented federal bailout of the US banking system. In separate appearances Friday morning, Treasury Secretary Henry Paulson and President Bush announced a series of measures to shore up collapsing financial markets and called on Congress to pass legislation next week to use, in Paulson’s words, “hundreds of billions” of taxpayer dollars to buy virtually worthless mortgage-backed assets that cannot be sold on the market from banks and other financial institutions. Paulson said he would meet over the weekend with congressional leaders to lay out the details of the government plan. With this plan, the full cost of the immense debts piled up by the banks will be imposed on the American people. It will shift the banks’ liabilities onto the federal government, sharply increasing government budget deficits and the US debt, a process that can only further erode the creditworthiness of the United States and place a bigger question mark on the value of the US dollar. The immediate line-up of both parties and the media behind the bailout plan for Wall Street stands in the starkest contrast to their indifference and inaction in regard to the plight of millions of American working people, who face a rising tide of home foreclosures, layoffs and sinking living standards. When it comes to the social needs of the people, the universal cry from corporate America and the two parties is, “There is no money,” but when the fortunes of the financial elite are threatened, the full power of the government and unlimited resources are marshaled virtually at a moment’s notice. There was no suggestion in the statements of Bush and Paulson of any relief for the working class—nothing to stop home foreclosures or help those who have already lost their homes. Rather, hundreds of billions—and more likely trillions—of dollars in public funds will be used to prop up the banks. The resulting bankrupting of the government will be used to justify a brutal assault on what remains of social programs, including Medicaid, Medicare and Social Security, and demand even greater financial “sacrifices” from workers, whether the next administration is headed by Obama or McCain. Nothing could more clearly demonstrate that behind the façade of American democracy there stands a dictatorship of big business. In his statement, Paulson said “comprehensive” action was needed “to address the root cause of our financial system stresses. The underlying weakness in our financial system today is illiquid mortgage assets that have lost value as the housing correction has proceeded.” This is a lie. The root cause of the crisis is the unbridled parasitism of American capitalism, which over a period of decades has dismantled huge sections of industry in order to reap super profits for the rich by means of financial speculation and fraud, based on a colossal buildup of debt. Now the bill is being passed to the American people. Bush, flanked by Paulson, Bernanke and Cox, called for a government bailout of Wall Street in the name of “our system of free enterprise.” “There will be ample opportunity to debate the origins of this problem,” he said. “Now is the time to solve it.” There will, in fact, be no debate or discussion. Nobody will be held accountable for the greatest financial scandal in world history. There will be no penalties. No one who made tens and hundreds of millions from the plundering of America will be forced to give back a dime. All of the financial resources of the United States are being placed at the disposal of Wall Street and every American citizen, without being asked, is being given the responsibility for covering the debts of the richest people in the country.

BERNANKE STANDS READY TO DEVALUE YOUR DOLLARS, what part of this do you not understand? WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke heads to Congress Wednesday with a message of reassurance: The Fed stands ready to take new steps to bolster the recovery if the economy worsens. The Fed chief kicks off back-to-back appearances on Capitol Hill at a delicate time for the economy. The recovery, which had been flashing signs of strengthening earlier this year, is losing momentum. And fears are growing that it could stall. Consumer have cut spending. Businesses, uncertain about the strength of their own sales or the economic recovery, are sitting on cash, reluctant to beef up hiring and expand operations. A stalled housing market, near double-digit unemployment and an edgy Wall Street shaken by Europe's debt crisis are other factors playing into the economic slowdown. Bernanke, who is scheduled to deliver his twice-a-year economic report to the Senate Banking Committee on Wednesday afternoon, will probably again downplay the odds that the economy will slide back into a "double dip" recession. But at the same time, he'll strike a more cautious tone, pointing out that the fragile economy is still vulnerable to shocks. To strengthen the economy, the Fed is likely to hold a key bank lending rate at a record low near zero well into 2011, or possibly into 2012, economists predict. That would mean rates on certain credit cards, home equity loans, some adjustable-rate mortgages and other consumer loans would stay at their lowest point in decades. Ultra-low lending rates, however, haven't done much lately to rev up the economy. Consumers and businesses are cautious and aren't showing an appetite to spend as lavishly as they usually do in the early stages of economic recoveries. Even though the prospects of deflation -- a widespread and prolonged drop in prices for goods, the value of stocks and homes and in wages -- is remote, some Fed officials are worried about it. Keeping rates low would help prevent deflationary forces from taking hold. Against such a backdrop, Fed officials at their June meeting cut their forecasts for growth this year. They also saw the need to explore new options for energizing the rebound. That's a turnaround from earlier this year when they were moving to wind down crisis-era supports. If the recovery were to deteriorate, the Fed could revive programs to buy mortgage securities or government debt. It could lower the interest rate paid to banks on money left at the Fed or cut the rate banks pay for emergency Fed loans. The Fed also could create a new program to spark more lending to businesses and consumers in a bid to lure them to ratchet up spending and grow the economy. The economic hurdles to taking such steps would be high, analysts say. There's also unease within the Fed about taking additional stimulative steps because of fear they could spur inflation or speculative excesses by investors later on. Bernanke will be under more pressure than usual because it's an election year. Upset by high unemployment, rising foreclosures and lackluster wage gains, voters may seek to punish incumbent Democrats and Republicans in Congress if the economy doesn't get better. The unemployment rate, now at 9.5 percent, is expected to stay high -- in the 9 percent range -- through the end of this year, under the Fed's forecast. Despite the wobbly recovery, there's little appetite in Congress to enact a major new stimulus package. Senate Republicans in particular have balked at spending more when the government is already saddled with record high budget deficits. Bernanke appears before the House Financial Services Committee on Thursday. When Bernanke delivered his economic report to Congress in February, he struck a confident note that the rebound would endure. But he warned it would not be robust enough to quickly lower unemployment. At the same time, he was laying the groundwork for the Fed to start boosting rates once the recovery was firmly entrenched. Now, given rising threats to the rebound, prospects of a rate increase this year have disappeared, and the Fed is more focused on keeping the recovery alive ANYTHING to prop up HIS FAKE RECOVERY ! SCREW THE SAVERS and responsible ,lets help the wall street gamblers get easier access to dollars !

Why does our Government give in to the banks? http://news.yahoo.com/s/ap/20090506/ap_on_go_co/us_congress_foreclosures Obama, once again, broke a promise to have bankruptcy judges be given the ability to modify mortgages because the banks pressured him and congress not to. Money is poured into the banks with no oversight and no mandate. The banks can just keep the money and say they are modifying loans but not do anything and just keep the cash. As a homeowner if you wanted to take the company to court for being unreasonable the bankruptcy judge could have helped, now your back to being bent over. What will it take for people to see that this government does not represent the people anymore, it represents the international banks and corporations. It is global Fascism in the making.

Can I refinance my mortgage? I just lost my job and want to take advantage of the government's mortgage help.? Is there something I can do to lower the interest rate on my mortgage? I just got laid off and was earning more than my husband. My husband's salary is low because he's a salesman and makes commission...and of course times being what they are, those commissions are lower now too. I keep reading about how the government is trying help people with their mortgages. We are no where near foreclosure though - if it ever got that bad luckily I have a great family that would try to help us for a few months before it got to that. But I wanted to know if there is something I take advantage of now that won't affect our credit or anything.

real estate developers share of the bailout money? Here's a clip from the AP story:Commercial real estate developers said Monday they also are petitioning the government for support from the $700 billion rescue fund. The Real Estate Roundtable said an estimated $400 billion of commercial real estate mortgages will come due by the end of 2009 without adequate refinancing options. Industry officials said thousands of office buildings, hotels, shopping centers and other commercial buildings could be headed into foreclosure or bankruptcy unless the government provides support. Jeffrey D. DeBoer, president of the Real Estate Roundtable, said the industry has written to federal officials asking to be included in a new $200 billion loan program being run by the Federal Reserve, with support from the financial bailout program, to bolster the market for credit card debt, auto loans and student loans. DeBoer said the commercial real estate industry would like to see that program expanded to cover their properties or have a similar program begun to help their industry. So I had to ask Banks car companies and now maybe commercial real estate developers... So where will the government getting around to helping those in real need... American families??? Well said Toopy but I still have to point out these are the very same people who landed us in this mess and they rather then step-up and try to fix the mess they made the go whining about needing more money because we little guys can no longer afford their services.

Why didn't the mortgage banks just lower their rates? The government is planning to spend billions to help homeowners get their homes refinanced at a lower rate so they won't go into foreclosure. Why didn't the banks who held the foreclosed properties offer to refinance a year ago rather than get stuck with houses even they can't sell? I don't understand why they didn't do this? Can someone explain it to me?

Foreclosures in America? We are in foreclosure and have gone to a lot of different agencies with our problem. We are in knowledge of the problem across the states. We feel the government is not fully aware of how desperate this is for Americans. We would like to start a petion from all over and be submitted to the Senate and Congress so they start helping us all USA citizens keep our home. We have a source thru the Senate that we can give all petions and stories to ,so that the Governmanet becomes excessively aware of all americans suffering thru this. I believe it is wonderful that you have a home woth 1.2 million dollars but most Americans at this time are having problems with their homes not because of work related issues but mortgage companies who have overvalued their homes.And landed them in upside down mortgages,predatory lenders,and sub prime mortgages with hidden clauses in them.

Secret clearance and foreclosure help? Due to unforseen circumstances my house went into foreclosure last year. This year I have a job opportunity to work with the governent, but they are requiring a top secret clearance. My questions are, Will I get denied a clearance because of the foreclosure? (besides the foreclosure my credit is pretty good. (No charge offs or delinquents)) Will I have to wait the whole 7 years (when the foreclosure drops off my credit) to apply for a government clearance. I would appreciate an answer from someone who was in a similar situation or someone who is a professional at this. Thank you in advance for your help.

Need help figuring out the conclusion for my paper.? Introduction In the minds of people the economy has a great effect on the crime rate in America. The researcher was amazed that more than ten percent of the population are either unemployed, businesses are failing, foreclosures are increasing and less people are able to qualify for loans. The researcher wonders if the problematic issues occurring are reasons why the crime rate is steadily increasing? Therefore the researcher decided to survey other people for there opinion. Methodology The researcher decided to find out if the people thought the problematic issues that keep occurring are reasons to why the crime rate in America is increasing? There were six that were surveyed. Ages ranging from twenty-one to fifty. They were all Caucasian, with a college degree, and live middle class. Three of them were men, and three were women. All people were chosen randomly. Results Everyone surveyed said yes, they believe the crime rate is high because very little people have jobs to support there families. It is impossible to survive with no income. With out a job people have more free time to handle things in the wrong ways which results in getting in trouble. Conclusion If the researcher could do the experiment over again she would discuss the topic further in detail, and find out more information on what people think. In other words, I would ask people if they think the government is being fair towards the economy?

why don't the states lottery start a new game for the people that are losing their homes? We all want a way out of foreclosures; this problem is bad for all of us. Well think about it as the house gets foreclosed on next door to you and your value of your home goes down even more, you lose more money. Stop the foreclosures and stop the short sales. Do you want to pay higher taxes? Do you want to bail out more lenders with your hard earned money? No I didn’t think so. We will pay for this one way or another. So how do we help ourselves and help keep our future taxes down? We need to help every one out of this and we need to do it now. We need to ask the help from our state and federal governments and we need them to make it tax-free. As we know everyone likes a chance to win some money. So lets give them a chance and help us all at the same time. I think but not sure, that all states have a state lottery. We start a new game and call it help the foreclosures or whatever you would call it. How it would work is you pay $1.00 per play at a chance to win the jackpot a small amount of the jackpot one-person wins, the rest of the jackpot would go into a drawing for the people in foreclosure. Now these people all have numbers assigned to them for this drawing and for future drawings and what they would get is $50,000 to give to their bank as part of their mortgage payment now the bank or lender takes the money and rewrites the mortgage. That person now can afford their mortgage payment. We as losers get our value back in our home and pay less taxes and a chance at winning the jackpot. If we would do this for a few years we could get all of us back on track and have some fun doing this. Just think if we would get jackpots of $20,000,000.00 plus we could help out 400 hundred people at a time, times that by all the states that’s a lot of people and it’s fast. Talking to some of the experts?? They tell me it will be the year 2023 before we see our values of our homes comes back to 05 levels? Maybe 2026? But really who knows when they will. Well that’s to long for me and I most likely will be dead by then?? So if we don’t help ourselves no one will… so lets help out now so we don’t pay higher taxes later. You know you will and your kids will too if this continues. I urge you to contact your state government and the fed’s too. Tell them to use this plan to help us all. A few dollars now will save you big bucks in the future. would this work? A tax on the poor and statistically challenged well maybe it is. But people play every week in my state and they play a lot of money. That money could be used for the good of everyone not just one and the game wouldn’t be forever. We could also use the money that all the law enforcements get when they bust someone. Confiscated money. Drug money that was to go to Mexico or wherever? I know there’s a lot there $millions. If I had control I would take any money from any place I could to use it for this. The schools and states don’t need it they just waste it anyways and they will get it back in a couple of years. (They don’t need a pay increase most people who are laid off or just getting rehired only make $7.40 an hour now). Hospitals I would not give a dime to the way they charge are you kidding. Check your bills they over charge on most of them. One in 10 Americans, wow it only takes one in 10 to pull the value of your home down this much. Hope, hope it doesn’t get to 2 to 10 .

can my house go into foreclosure if i have lived there longer than 10 years? mortgage is with countrywide. . . also did the help the government say the were going to start doing for contrywide mortgage holders allready go into effect?

Grandma a spouse of an alcoholic, help? My boyfriend's grandma is currently trying to move out of the house that her husband & my boyfriend live in, due to the grandpa's alcoholism. He is drunk everyday & doesn't pay the bills, so the house will be facing foreclosure in the near future. They are at the beginning of the process of getting a divorce. Her income is only about $400 a month & my boyfriend will be moving out with her. She won't get her social security until October, which will bring her income up to $1200 a month, but it's irrelevant because she's getting out now. She can afford the monthly payments because she has money saved in the bank, but her income is low. I was told that no one would rent to her alone with that kind of income even though she can afford the payments because renters only care about income. Is this true? Also, I was told that renters look at the credit of every person in the household older than 18yrs. Is this true? My bf has a job & is obviously willing to help her, however he does not want to be stuck with his name on the lease. He also cannot afford to be the head of the household as he works 32 hours a week & goes to school full time. I don't know very much about renting or what our government offers for people in these types of situations... Is there anything that social services offers? What kind of help can they get?

How can we fail to appreciate George Bush when his record speaks for itself? EDUCATION AND EXPERIENCE LAW ENFORCEMENT I was arrested in Kennebunkport, Maine, in 1976 for driving while intoxicated. I pled guilty, paid a fine, and had my driver's license suspended for 30 days. My Texas driving record has been "lost" and is not available. MILITARY I joined the Texas Air National Guard and went AWOL. I refused to take a drug test or answer any questions about my drug use. By joining the Texas Air National Guard, I was able to avoid combat duty in Vietnam. COLLEGE I graduated from Yale University with a low-C average. I was a cheerleader. PAST WORK EXPERIENCE I ran for U.S. Congress and lost. I began my career in the oil business in Midland, Texas, in 1975. I bought an oil company, but couldn't find any oil in Texas. The company went bankrupt right after I sold my stock. I bought the Texas Rangers baseball team in a sweetheart deal that took land using taxpayer money. With the help of my father and our friends in the oil industry, including Enron CEO Ken Lay, I was elected governor of Texas. ACCOMPLISHMENTS AS GOVERNOR OF TEXAS I changed Texas pollution laws to favor power and oil companies, making Texas the most polluted state in the Union. During my tenure, Houston replaced Los Angeles as the most smog-ridden city in America. I cut taxes and bankrupted the Texas treasury to the tune of billions in borrowed money. I set the record for the most executions by any governor in American history. With help from my Governor-of-Florida-brother, and my father's appointments to the Supreme Court I became President after losing by over 500,000 votes. ACCOMPLISHMENTS AS PRESIDENT I'm the first U.S. President in history to enter office with a criminal record. I invaded and occupied two countries at a continuing cost of over a billion dollars per week. I spent a U.S. surplus and effectively bankrupted the U.S. Treasury. I shattered the record for the largest annual deficit in U.S. history. I set an economic record for most private bankruptcies filed in any 12-month period. I set the all-time record for most foreclosures in a 12-month period. I set the all-time record for the biggest drop in the history of the U.S. stock market. In my first year in office, over 2 million Americans lost their jobs and that trend continues every month. I'm proud that the members of my cabinet are the richest of any administration in U.S. history. My "poorest millionaire," Condoleeza Rice, had a Chevron oil tanker named after her. I set the record for most campaign fund-raising trips by a U.S. President. I am the all-time U.S. and world record-holder for receiving the most corporate campaign donations. My largest lifetime campaign contributor, and one of my best friends, Kenneth Lay, presided over the largest corporate bankruptcy fraud (Enron) in U.S. History. My political party used Enron private jets and corporate attorneys to assure my success with the U.S. Supreme Court during my election decision. I've protected my friends at Enron and Halliburton against investigation or prosecution. More time and money was spent investigating the Monica Lewinsky affair than has been spent investigating one of the biggest corporate rip-offs in U.S. history. I presided over the biggest energy crisis in history, refusing intervention when corruption involving the oil industry was revealed. I presided over the highest gasoline prices in U.S. history. I changed U.S. policy to allow convicted criminals to be awarded government contracts. I appointed more convicted criminals to administration than any President in U.S. history. I created the Ministry of Homeland Security, the largest bureaucracy in the history of the United States government. I've broken more international treaties than any U.S. President. I am the first President in U.S. history to have the United Nations remove the U.S. from the Human Rights Commission I withdrew the U.S. from the World Court of Law. I refused to allow inspectors access to U.S. "prisoner of war" detainees and thereby refused to abide by the Geneva Convention. I'm the first President in history to refuse U.N. election inspectors (during the 2002 U.S. election). I set the record for fewest numbers of press conferences of any President since the advent of television. I set an all-time record for most vacation days in any one-year period. After taking off the entire month of August, I presided over the worst security failure in my nation's history. I garnered unprecedented sympathy for the U.S. after the World Trade Center attacks, and less than a year later made the U.S the most hated country in the world, possibly the largest failure of diplomacy in world history.

Which of these families deserves government mortgage help? Please tell me which of the following families deserves government mortgage help: A. single mother with three kids. working, never married, child support erratic at best. bought a house in 2006 with a 5/1 ARM subprime loan. can't afford payments now that the introductory low interest rate is ending. B. married couple with two kids. both were working in 2005 when they bought a house using an alt-a loan. she lost her job in 2007 and her new one pays less. his self-employment business is slowing as his customers feel pinched and do without his service due to the "recession". two months behind on payments with reset to higher rate in November. C. married couple without children. Lost their house to foreclosure in 2007 after he was disabled in a work accident. Disability wasn't enough to continue making the payments after his medical costs soared. D. 83 year old widow. Owns her house free and clear, but can't afford the property taxes and insurance because houses in her neighborhood tripled in past ten years due to easy money loans and thus many buyers. Now can't sell as the market has crashed. Six months past due on property taxes. E. couple with two college age children who re-fi'd their house in 2006 to pay their childrens' tuition. Closed a 401k to make tuition payments in 2007 and borrowed from relatives to pay again this fall. House is 45 days past due but older child doesn't graduate until December 2010. F. Retired couple whose only regular income is small pension plus social security. Their retirement assets in stock market have taken a beating this year. Borrowed in 2004 against their house when he had a heart attack that caused his early retirement [which crippled his pension]. Rising costs of gas and food have made them 30 days past due and they have no way to catch up without further damaging their retirement assets. G. Manager and stay at home wife with two children in public school. He lost his job two years ago -- it was outsourced to China. Now works at Home Depot, but the money isn't 1/3rd of what he used to make. Still looking for that managerial job, which costs hundreds a month in extra costs. they've gotten their foreclosure notice and are thinking about filing bankruptcy to buy time. H. Market trader and retired wife who lost $125,000 when his short sales were arbitrarily ended by SEC order in this financial crisis. Hasn't made trading profit since last October. Now two months late and getting daily phone calls from mortgage servicing company asking for money he can't pay if he is ever to recover his losses in the markets. I. Retired couple who saved and planned out their retirement for last 25 years. Retired in 2007 owing nothing, but living off 401k payouts and social security. their assets are down 25% so far in this recession and they'll have to cut costs next year, which means short selling the house into increasingly bad market and paying bank off on the loss over next who knows how many years [if ever]. J. Sixty something widow whose assets were wiped out by husband's death via Alzheimer Disease and private nursing home for 4 years. Has only Social Security now as all their retirement assets except the house went to pay the nursing home. Took a mortgage in 2005 to pay off the husband's medical bills and burial. *** please tell me which, if any, of these families deserve government help in staying in their home or recovering their home. This question has no political point to make and is solely to gather information regarding what the Y!A public thinks America's public policy should be. While all of these situations are real to some family, I carefully crafted each of them to show a case where the people involved arguably are losing or lost their home because some other part of our economic system had a breakdown. In theory, none of these deserve government mortgage help, imo. Some of them needed either less or more government in some other part of their lives and because of that issue, were financially savaged to the point of losing their home. Afaic, the mortgage industry should NOT bear the brunt of other failures in America's systems -- doing so only distorts the economy even further. Did the mortgage industry have its own failures? YES. Mostly, they had a failure of spine. They didn't stand up to Congress and HUD in the 1990s when both needed to be told that their rules were requiring the banks to write bad loans that shouldn't have ever been made. Big government needed to be told "NO".

Should the Government bail out financial institutions and people who borrowed more than they can handle? Houses are expensive. I have owned 5 of them. It has been a while since I owned one. I now believe renting is better. But when I did own one, my mortgage payment could not be more that 25% of my gross income. Now, it doesn't take a rocket scientist to see that most people cannot qualify according to this criteria for a simple $150,000 house. And house prices are a lot higher than that in other parts of the country. Therefore "creative financing" somehow has allowed people to buy a house who cannot afford it. And when payments escalate, foreclosure is all too frequent. Now we have a situation where the lenders knew it would not work...and people who borrowed the money should have known that there is no free lunch. NOW .. the Government is taking YOUR money and MY money and GIVING it to these people?? Am I missing something? I got in over my head once to the tune of 6 figures .. but I paid it off with no help. That is what I suggest now .. NO HELP. Sink or swim .. do you agree?

Where on the internet can you go to get a list of government foreclosures? There are any number of services that will give you a list of government or private foreclosure properties. I am sure they are not paying for the information but they want you to pay them for the info. Where do they get their lists of these properties?

Can you buy government tax foreclosures from $200 and up on homes? Does anyone know anything about buying government tax foreclosures on homes from $200 and up? I have seen things about it on television and I was just wondering if it was true.

Do those ads about government foreclosures really work out for anyone? You know the ones that seem to promise cheap houses? Do people ever really get houses when they respond to those ads, or do they only receive some kind of pay-for-mail book that tells you how to get the house...?

Anyone here of Government buying foreclosures and making them Section 8? Dont know if this is country wide but I know here in S FL it has created a huge problem. Anyone hear of the government buying all these foreclosure and making them Section 8? Just wondering if this is countrywide or just our state. Excuse me I mistyped the subject heading. I meant HEAR OF

How can you purchase government foreclosures for pennies on the dollar?

How do I buy foreclosures directly from the government? Do you have to be a real estate broker or agent (and have brokerage license) in order to buy directly from the government? What prices can I expect on foreclosures in our declining economy? I don't want to pay anything higher than expected in our current economy. Where can I obtain the foreclosure listings and other info for free? Please direct me to a proper website that explains all this. Thanks.

Where do I get free listings of government tax foreclosures in my region? my Husband and I are looking into buying a home preferably a tax foreclosure, and I would like some insight on any websites you may have out there that are legit.

I wanted to find out what all the buzz is about these government tax foreclosures.. are they a scam or real? And can u really profit from these? Also How would I start if i wanted to try buyin them? And can u really profit from these? Also How would I start if i wanted to try buyin them? And where can u find the lists of these govt foreclosures and how come not many people know about them?

Hey, Is It Cheaper To Buy Foreclosures or Government Tax Properties?? I am new to this so please correct me if I am wrong here: 1. Foreclosure properties are sold by institutions such as banks when someone defaults (fails to pay) on the loan. They can be dirt cheap or still pretty pricey depending on how much of the loan had been paid off. 2. Foreclosures are not the same as Government Tax Properties. 3) What are Government Tax Properties? Do they cost as low as 300 bucks? And do you own the entire property after just paying 300 bucks - or whatever the cost is? That seems too cheap that I feel it is a scam. 4) Any other cheap ways of buying properties?

What is a reason why the government should bailout foreclosures? (The answer must be yes.)

listing of government foreclosures home listing?? i need a site for government foreclosures homes that i dont have to sine up for or pay please help and thanks

People that are near or at foreclosures. What is the latest that the government going to do about it? i have a friend near foreclosure. i have been hearing that the government is going to help out. thank you for your help

government foreclosures? I saw a bit on tv last night on government foreclosures. It said that because of back taxes the government will seize a property and then put it up for sale for hundreds to thousands of dollars. Is this true? Can I really buy such a property for only $1,000?

If this bipartisan bill passes and the government does buy foreclosures...? If this bipartisan bill passes and the government does buy foreclosures...? is it possible that foreclosures under contract can be pulled back? What I mean to ask is how soon after this bill passes if it passes, will they start buying up foreclosures?

where can i find a list of government foreclosures for sale in n.c.? looking to buy govt. foreclosures for pennies on the dollar

What do think the Mortgage Lenders and the Government will do about the rising defaults and foreclosures? They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers go into foreclosure? If this continues to happen, we may see a depression coming in the near future.

During the 1929 Depression did the U.S. government take over some home foreclosures? If the U.S. government did take over home foreclosures, to what extent did it take place?

Is the government being politically correct for not blaming the homeowners for their foreclosures? Do they privately know bailing them out won't do them any good in the long run?

Buy a home for $300 via Government foreclosure house sales...Is it for real? I have just seen a TV commercial about government tax foreclosure house sales. They were claiming that you can buy homes all across the US for as cheap as $300 or less. Is this for real? There must be a catch does anyone know? However If there isnt a catch how do i get started.

US government foreclosure auction- just pay off the default balance and no auction process? There is a house up for formal auction through the US marshals office next Friday. The government's starting bid is $33,556 on this house. Would an interested buyer be allowed to just pay this $33,556 balance off to the government instead of going through the whole auction process? It just makes sense for the interested buyer to buy the house if all the government wants is the $33,556.

Aren't most foreclosures those of expensive houses? Why should the government be buying expensive houses? Why should our government be bailing out the builders and mortgage investors who built these mansions? What about the rest of us who did not buy more than we could afford? Where is our reward?

Do you think that government should help all people forcing foreclosures? ? If they were irresponsible enough to buy a house that they can't afford why should i pay for it now. I wanted a house too, but decided not to buy it because I knew I wouldn't be able to afford payments if something like this would happen. And now responsible people have to pay for the mistakes of irresponsible ones now?

When can I apply to get help from the government foreclosure bailout? And is it too late if the foreclosure has started?

When can I apply for the government foreclosure bailout program? And is it too late if the foreclosure has started?

More foreclosures, layoffs, shutdowns? Expect the government to take care of you? Can you hunt, fish and camp out and forage for food? Got tents and equipment? Hope you are strong and healthy because there will be no funding for anything but first aid health care. Better get off that couch and start preparing, my friend. The numbers don't lie but the politicians and mainstream media will lie until the sheet hits the fan. Study the facts, study the numbers, and face the reality. It is coming at you, my friend. Use this final time to try and make yourself and family ready.

is it wise to buy a government foreclosure seven thousand dollars over its appraised value dispite the market? built 2006,perfect shape only needs flooring replacement in the master.ok area,no flood zone.county appraisal is three thousand more than my bid.

Are government tax foreclosures auctions a good way to find cheap properties? If so, where do I look? ?

can you buy government tax lein foreclosures free & clear for only hundrads of dollars?

are there any government sponsored programs to avoid property foreclosures?

Government Tax Foreclosures? Is it truly possible to purchase a house by only paying the taxes on it, and then sell it at true market price? They advertise houses for under 1000 dollars each. If anyone has any information in the form of links, or anything I would really appreciate it. Also, if you have tried this government program, please share your experience. Thanks

What's the deal with government tax foreclosure properties? Are they a good deal or are there hidden risks? I'm referring to the tv ad that advertises big profits on buying these properties. I'm of the general opinion that if its on one of those tv ads, there's got to be a pretty big catch somewhere. Anyone out there know if or what it is? Thanks

Should the government be bailing out the housing industry, foreclosures, etc.? What financial deregulation created these problems? Wasn't it done during both the Clinton and Bush Administration? What is happening with mortgage cram-downs?

Do you think that foreclosures will get so bad that the government will stop them? I mean what will happen when most of the homes are foreclosed on, and the banks are out of money, and everyone is homeless....then.....

has anyone heard of a government foreclosure thingy? its where you can buy a home for hundreds of dollars... does anyone know what this is called?

Would it be illegal for government to prevent foreclosures? A house on my block burned two nights ago -- about 16 hours before the owners/buyers were to be evicted under a foreclosure order. They're in custody now for alleged arson [the fire was fueled by gasoline]. This and similar stories attest to how much families and individuals feel that they own their home -- "a man's home is his castle" -- and that they should not ever be forced to leave. Thus, we've been hearing cries to Congress to make foreclosures either illegal or to prevent them for 90 days, etc. *** In part, Amendment 5 to the Constitution of the United States reads ".... nor shall private property be taken for public use, without just compensation." If Congress makes a law which limits the rights of the loan holders to foreclose, or requires them to delay and thus lose even more money, would that not be a taking of their property right in the loan contract without compensation? Could the loan holders then successfully sue the government for damages and thus force their losses onto us taxpayers? *** If you disagree, please make a reasonable legal argument as to why either this clause in the Bill of Rights does not apply, or that the amount of compensation so due is zero. [Note: the Supreme Court has already ruled that rights under a private contract are 'property', so the argument that the Constitutional clause only applies to real estate will not pass muster.]

where can I find connecticut government tax foreclosure property? I need free listing only. Please let me know how can I buy foreclosure property and what is difference compare to normal property.

Does anyone know about the $7000 US Government Foreclosure Tax Credit, or when it will be passed?

list of government tax sale foreclosures in N.J.? listings of gov. tax sales/ foreclosures located in NJ.

Should the government bail people out on foreclosure? I have been paying for my house and several people on the block are going into foreclosure. I feel for them, but I don't think it is right that any president should give handouts for people to keep their house. If that is the case, I want a "government rebate" on my house so I can buy another house. Government handouts for people to save their house is what one candidate is running on. Something smells wrong.

How do I find government tax foreclosure properties in my area How do I pay off the taxes and take over the house

Anyone know how to obtain a home with a government tax foreclosure? Do you have any info on buying a house in foreclosure

do government tax foreclosure sales put people out of their homes? these houses are sold off on such low prices because somebody couldnt pay their higher interest right? well... that puts them out of their house by force doesnt it?

Why is government trying to help out greedy homeowners facing foreclosure? Why is government trying to bail out fannie & freddie & the greedy home owners who are facing foreclosure? I lived & owned my home for past 10 years without greed & safe while all my acquaintances refinanced to do their 50k renovation, purchase a luxury cars & buy their 2nd & 3rd homes who are also facing foreclosures right now. Screw them. They are the ones who got into the mess in the first place. Let them dig themselves out of it.

can the Government buy all foreclosure homes? Is it possible for the government to buy all foreclosure homes and resell them to the owners who are at risk with a small interest rate? They would buy all homes in foreclosure up to a specific month, after confronting that task they would force banks, brokers and loan officers to fix the loop holes and the issues thats cause the crisis in the first place...I think they should also enforce a new home owner class where own owners would learn to manage their funds, what they should avoid etc. I know thats a big task but thats a serious step...

Should the government get in the mortgage business, like it is in the student loan business? Because that is in effect, what might be the end result of this bailout. Why couldn't the government just make (foreclosure-proof) home loans to everyone, regardless of whether they can repay them? This should appeal to liberals; after all, the greedy rich CEO's who caused the financial crisis would be taken out of the equation.

How do I apply for a government grant to avoid foreclosure? We're on a thin line of losing our house, both of our income has changed and despite desperate efforts (cutting out all unnecessary expenses) we're still in a hole. Is it truly possible to get a government grant, and if so, what are the qualifications? Our next step would be filing for bankruptcy so please help

is the government tax foreclosure true? I saw an infomercial on government tax foreclosures and how you can order an entire info package, but i just want to ask if this is true and ask how it works, are the houses really that cheap and if there is a catch.

Why do people feel they need the government to bailed them out of a foreclosure? I have never lived beyond my means. I pay my bills on time including my mortgage. I have 3 neighbors who let their house go into foreclosure and yet they all drive the newest cars and have toys like boats and jet ski's. And by the way they just got back from vacation in Hawaii. I think the government should reward homeowners who pay their taxes and mortgages on time. And don't try to tell me these people were conned by loan companies. They knew exactly what they were getting into.

Why is the government so eager to help homeowners in foreclosure, but not renters in eviction? There has been so much talk about helping homeowners who are in foreclosure, but no one discusses renters who are facing eviction. I think there are as many if not more Americans facing eviction than foreclosure. Don't they count? Why is this and what can I do to draw the governments attention to this issue?

What is the best search for newly filed foreclosures and bankruptcies ..HOW? We want to search newly filed foreclosures and bankruptcies so we don't spend months working on a property only to discover we've wasted not only our time and money, but perhaps others as well. We're told there is a free public records site through State Government where we can monitor foreclosure and bankruptcy filings, but I can't seem to track it down. If you know how to do this search I would greatly appreciate a heads up on it. THANKS

Are there any COUNTY, STATE or GOVERNMENT-sponsored WEBSITES listing FORECLOSURES/BANKRUPTCY PROPERTIES/SALE? Particularly interested in: Commonwealth of Massachusetts, Suffolk County homes and condos (NOT interested in 'free-trial' subscriptions)

is there a government site that lists foreclosures?

I am in Foreclosure, would like to know if there is government assistance? I am in Foreclosure right now. I have heard that there are government assistance programs for those who are in trouble and in Foreclosure. Does anyone know any government programs and how to access those programs?? :-( :-(

Is there any way to get government help to stop foreclosure? There is a sale date for my house, so I don't know where to turn. Plus I will need money to move.

why is the government "bailing out" these financial institutions rather than helping homeowners in foreclosure? why didn't/don't the government help out homeowners that were/are in foreclosure? but instead, now they are helping/"bailing out" these financial institutions that made the risky mortgage loans and have caused the housing crisis in the first place. can anyone help explain this to me?

How do I buy foreclosures directly from the government? Do you have to be a real estate broker or agent (and have brokerage license) in order to buy directly from the government? What prices can I expect on foreclosures in our declining economy? I don't want to pay anything higher than expected in our current economy. Where can I obtain the foreclosure listings and other info for free? Please direct me to a proper website that explains all this. Thanks.

When exactly did home foreclosure become the responsibility of the Federal Government? What a perfect system. I loan money, you pay me, you default the Government pays me. I win twice. Should we tax the windfall profits of Big Banking?

Can you really buy government tax lien foreclosure properties free & clear with only hundreds dollars?

Can a government steps in to help mortgage borrowers from foreclosure actions? In Malaysia, Mortgage borrowers are allowed to withdraw part of their Employment Provident Fund which is a government agency to pay for their instalments arrears. Sorry, I am referring to UK mortgage borrowers

Should the government help people at the brink of foreclosure? This includes those who availed of liar loans or mortgages without income verification. Let's also include the so called "get rich quick flippers/investors" who were caught in the trap.

foreclosure! i'm about to loose my house and i'm wondering if there are any government grants that can help me? i have not been able to pay for morgage for a couple of months due to harsh circumstances and i heard that there are many government grants available to prevent foreclosure. can someone please tell me about grants that i can trust. i really don't want to loose my house. i would trully appreciate any help that you can give me. also if there are grants or programs that i should not trust please tell me about them. thank you.

If you were about to lose your home through foreclosure would you welcome government help? Why? Why not?

Why hasn't the government jumped in to help people in foreclosure because of predatory lenders? I am in foreclosure in Maine because a lender set me up for a payment I could not legitimately afford, and am losing my family home that I have owned for 20 years, and my grandfather owned for 20 years before that. My mortgage is $2,012 per month ($2,600 offered in a "work-out") and my monthly take-home pay is $2300. Go figure. AND they charged me $19,000 in closing costs!!! I have just been told that 7 out of 10 homes in Maine are in foreclosure because of this same scenario. This is a MAJOR crisis and the only people out there to get help from are other predatory lenders willing to do the same thing to me to help "save my house" - it continues to go on. I have worked full-time all my life, always paid my taxes, am a law-abiding citizen, and yet, I can find no state or federal programs that I am "eligible" for because I "make too much money ($38,000 per year faily of three), and I am not an immigrant. Someone please explain this to me.

how do i get a government grant to help save my house from foreclosure?

House to spend $15 billion to buy and fix up foreclosures? Isn't this OUR job? Foreclosures a good way for lower income families to buy a home, a boon to a lagging economy, a way for some of us to invest in our future. Why is government getting involved? There are more important issues than someone overextending themselves. (Sure i will get beat up for that remark)

I am in desperate need of some help. Need to know where to go for financial help for my mother in New York? My mothers house is going into foreclosure and she needs some kind of goverment help so that it would pay her mortgage before she looses her home. You see she kind of got bamboosell into some bs and now she is in trouble. A so call company promised to help her mortgage her home and instead she got taken. My point is where do we go from here in NY legally were my 68 year old mother, grandmother and greatgrandmother lto many goes for support lfrom our government without loosing what shde so righteously earned in her life. Her Home. URGENT time of the essences.

Do you really need title insurance on a foreclosed house? For example HUD recommends that a buyer of the HUD foreclose gets a title insurance. Why? Isn’t that redundant? Also, I know some lenders that require buyers to get a title insurance on a government foreclosure. I understand that on bank foreclosure it is necessary to have title insurance. But why on a government foreclosure? My understanding was that all the lens are dropped when you buy a government foreclosure.

Where can I find listings for houses that the government is selling? that is, foreclosures, and without paying a fee. Thank you!

Buying government tax-foreclosure properties at pennies to the dollar? How is it possible that infomercials state that properties that government tax- fore-closure properties are selling for literally 2 or 300 dollars online?....This obviously cannot be true but how can they get away with making such sensational and impossible claims? Doesnt that break some better business bureau law somewhere? Are there any elements to this idea that are true? What is and what isnt? Can you buy a house that is in the final step of foreclosure like you see on web sites like trulia.com for only a coupl thousand or so for 3 bedroom nice houses?...How does this work, how do you buy a house that went into total foreclosure scott-free? I would apreciate any advice about investing in houses with out huge amonts of money down or even good credit..Thanx everyone :) Are house auctions the only way to really buy houses at a discont price? And where and when do houses get sold cheaply at auctions?

Should the government bail out people who are facing foreclosure on their homes? Just wondering what your opinions are ...

what is the government doing about deficiency judgments for people who loose there home in foreclosure?

Where can I find a government issued list of foreclosed homes for different parts of the country? I want to see what the addresses are of homes that will be on the market due to foreclosure.

Should the government bailout borrowers in danger of foreclosure? What about the people already foreclosed? http://biz.yahoo.com/nytimes/080223/1194749714355.html?.v=14 What are the risks to the U.S. economy if the government does pass $739 billion onto taxpayers in order to rescue the banks and the borrowers who have been burned on interest rate speculation? If you already foreclosed and the government tells you tough luck, would you go crazy?

Do you support providing government assistance to people who cannot pay their mortgage? Creative financing in the past two+ years allowed financial institutions to give individuals who wouldn't normally be approved for a mortgage (because of poor credit history and/or unstable employment record), a subprime mortgage. Today, 730,000 of these individuals are not paying their mortgage payments and are facing foreclosure. Countless others are struggling and don't know if they will be able to maintain their payments and keep their homes. The House approved the "Expanding American Homeownership Act of 2007" that will give the Federal Housing Administration the authority to assist struggling homeowners in making their mortgage payments. Should the taxpayer be responsible? If the individual doesn't receive assistance and loses their home, will the government (the taxpayer) have to provide some other form of financial assistance that would, in the long run, be equal to what is spent to help them pay their mortgage?

Do you think the United States federal government should bail out homeowners in foreclosure? Why? Joel T - I appreciate you answer but you must realize ARMS adjustable rate mortgages are not the problem . They are good loans as long as you pay attention to what you are getting into. ARMS serve a valuable purpose in real estate transactions and investment. People just have to take responsibility for their financial decisions.

1. Why are so many people going into foreclosure? 2. Why does the government need to help them? Zero, are you saying that these people are too dumb to know whether or not they can afford a house that is far beyond their means? Jennifer, dear, I own a home, and I would bet my favorite cat that most people asking this question own homes. No one, I repeat, NO ONE was forced into buying a home that they should have know they couldn't afford. You know the old saying "if it seems too good to be true it probably is", well this saying applies here. I'm sorry if so many guillable people were duped into making unwise agreements with loan companies. Hopefully they have learned a lesson.

Is the federal government to blame for everything? Such as: home foreclosures environment wars racism sexism high oil prices? Are we, as citizens,not to blame for anything?

How do foreclosures work? My mothers house is about to be taken by the government. She is medicaid/medicare & has been put in a nursing home. If we don't sell the house the government steps in & takes it over. Assuming they will do the foreclosure on, how long could that take?

The real problem with the foreclosures in the US? To me the real problem is not the mortgage companies willingness to deal out excessive loans it's Americans accepting loans that they can not afford. And now they are whinning to the government to bail them out of their financial mistakes. How about lets hold these people responsible for their actions instead of giving them a free pass. Your comments.

Has anyone heard of buying tax foreclosure property? I was told you can buy a house at one of these government tax foreclosure sales for about $600, and the house is worth a whole of alot more like a house of the value of $180,000. All you have to pay is the property tax light, water... and the house is legally yours? Has anyone else heard about this, is what I been told accurate? Where else can I find out about this type of sale my self, Thanks for your help.

Any government grants...for foreclosure or homes or bankruptcy? any safe info/web sites....I need cash,and help.

Are we preventing foreclosures through any social programs? Why do americans have to pay interest? I mean it is our money, from our government, why do we have to pay interest on house loans and student loans? How do i find out if all govts charge interest to their people...