Upcoming Foreclosures

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

Public Comments

1. There is no question here, only a statement of your personal feelings.
2. What is really too bad is there isn't enough of us who are willing to stand up and say enough is enough! Those in Congress should be fired immediately. They fatten that bill to help themselves not the general public! I agree, there should be a moratorium on foreclosures. They need to force these lenders to deal with us the consumers. It's not our fault the values have gone to shit! We need some relief here and now. No one is listening to us.
3. And why are the people that borrowed more than they could afford not be held responsible? Everyone was happy enough to sign on the dotted line when they thought their house was going to double in value in 5 years. you gambled. Not everyone who gambles wins.