|
|
increase 1776
Joined: 07 Oct 2000
Posts: 3097
Location: Bizzaro World |
As rates soar, 2.2 million Americans risk losing homes this
 Wed Mar 14, 2007 4:36 pm
|
 |
|
One would think that these lending companies would want to work out another type of arrangement to get the loan monies back.They must want a Depression.It would make more sense to take ,say 80 cents on the dollar rather than foreclose.Or possibly stretch the mortgage out another five years.To increase the already high interest rate every two years or in some cases six months, is a lose/lose proposition.They need to sit down on an individual basis with all the borrowers and work this out.The other choice is foreclosures,homeless people,ruined for life credit,and the worst for last,the U.S. taxpayers will be footing the bill for the mortgage companies and the homeowners lose.This will be like the Bush/McCain Savings and Loan bailout in the 80's.Sure the politicians,the lenders will make BIG $$$$$$ off our tired working asses again.And laugh all the way to the BANK. http://news.yahoo.com/s/afp/20070314/ts_alt_afp/useconomyproperty_070314133106
_________________
"The police are not here to create disorder.
The police are here to preserve disorder." Mayor Richard Daley |
| |
|
|
mr. jones
Joined: 03 Mar 2006
Posts: 1899
|
|
Thu Mar 15, 2007 7:05 pm
|
|
|
quote:
the U.S. taxpayers will be footing the bill for the mortgage companies and the homeowners loe.
the chances of it happening are high.
_________________
"The whole aim of practical politics is
to keep the populace alarmed, and thus clamorous to be led to safety, by menacing it with an endless series of
hobgoblins, all of them imaginary." |
| |
|
|
 
|
|
All times are GMT. The time now is Fri May 25, 2012 11:41 am
|
|
|
|
|
Login
