Upcoming Foreclosures

Shouldn't IRS contribute to save homes from foreclosure too?

Lenders must reconstruct their loans-in-trouble due to their own greed. IRS is also responsible by adjusting the property tax according to income ratio. Otherwise, government assist housing contridicts itself. Sorry, my partner here mistakenly typed IRS, it should have been the Tax Collector. If US ever go bankrupt it would be caused by malicious management not insufficient taxes. Yes, government assistance should only be extended to the honest and deserving ones indeed. Debt income ratio should be justified on how much house one/family can afford and lenders must cease their creative finance to boost their profit.

Public Comments

1. Owners/Lenders should be responsible for their own actions/decision.
2. The IRS does not work on Property tax - the county assessor does and if you screw up your loan only you should be responsible. Everyone is tired of cleaning up the messes of others because they can not be responsible.
3. The IRS's job is to effectively do what congress said for it to do; And I would like our government to keep the USA from going bankrupt. IRS is not responsible for property taxes, that is state and local government. Why the lenders are in trouble? - a group of willing and yes greedy co-conspirators of bankers, home builders, mortgage brokers and some home buyers thinking that the Fed govt. will bail them out of their greed and stupidity. Only the home owners with good reasons for their plight should be assisted; If you own two Cadillacs, I am not gonna help. Bankers, home builders, mortgage brokers can just figure out their own answers.