Where is the government bailout for homeowners?
Homeowners struggling to pay their bills must find the federal government's bailout of troubled Wall Street firms confusing.
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#1 Sep 25, 2008
Well, the more I hear about this bailout, the more outraged I become. It is time to take the 700 billion and send it to each and every one of the tax payers. That way the money will be safe and in uncorrupt hands. let us spend it and boost the economy, wasn't that the idea of the stimulus package anyway. The economy will right itself, eventually. And guess what? Maybe it's okay if we the people run this country on our own for once, it is quite obvious that Wall Street and big GOVERNMENT don't know how. I think my high school senior and all his peers around the country would do an excellent job, with fresh ideas and integrity. I am also in favor of boycotting this election as well. Just a thought from a small town Mom of three.
#2 Sep 25, 2008
Homeowner you were suckerd into getting a loan you could not afford.....making the books look good for the banker
and allowing him to get a better raise and bonus.
This bail out is for the people in the middle of you and big business. The ones making the high executive salaries.
You are stuck so suck it up! The people who have loaned you the money all ready have got their perks... now who is left to pay. You are and the tax payers. Too bad so sad.
Actually I do not want you to loose your home however many people were at the bottom of the home flipping pyramid scheme and have just been caught in the shuffle. For true home buyers who are loosing their home it is sad.
#3 Oct 23, 2008
We are loosing our house. I am pretty sure of it. I was told we can short sale. I got a realestate agent who would never return my calls it took her over 2 weeks to return my calls. If she is not returning my calls how do I know she is not returning anyone else's calls. I fired her and she still try to sneak her dirty hands in to the pot. I put a stop to that by calling her broker. After all she did not do anything to sale my house so why should she have a slice of the pie of it.
I was told I could do a short pay, meaning a short refinance but my Select Portfolio Servicing is not a bank so I have to find a bank that would finance me. I went to Wells Fargo seeing how they approved us for a loan to buy another house back in Aug. pending the sale of my house now. They took weeks to respond to me. Now that they have responded to me they said "it sounds like a bail out and we don't do bail outs. The irony of it they are taking our money for a bail out. They would of lost nothing in the refinance they would be giving us a loan for the house at todays market. If we qualify for a new house surely we qualify for a loan worth the amount of my house. They would not be taking the loss of 1/2 the price of my house. The Servicing company.
Well the hell with all of them. They scammened us into this loan and then they screw us more and leave us hanging while the government spends 700 billion bailing them out.. and screw us.. To funny.. Ya that money and our country is better of in our hands than theirs... now that everyone can see what they are really about.. and us tax payers do not have a word to say about it.. sounds and feels like socialism to me.. I say if I have to suck it up and go down .. they should be going down too.. I am a grown up I will recover from this.. I am sure they would too with out a 700 billion dollar bail out.. oh.. wait they would have to sacrifice their day trips to spas or Hawaii and that is not fair...
#4 Nov 2, 2008
I know some say suck it up. Maybe everyone should suck it up, banks airlines, auto industry etc. They file bankruptcy reorganize or chapter 11. You may want to thank about chapter 13 until finances are straighten out.
The mortgage companies get bailed out and the trickled down takes so long to trickle down to the consumer before it is evaporated into other things.
There is some information on Fannie and Freddie site about help for a home owner with mortgage problems.
Talking with a HUD approved counselor maybe able able to help in this mortgage mess. I have read much about people unable to receive help from there mortgage company. A short sale may take sometime, the lender must approve of the lessor amount.
Those who flipped house just took a change and must take there lumps as any other business. Homeowner that had some bad thinks happen need a break even with ARMS and other things that may have led to default. We all know that if properties purchase on false income, yes they may need to suck it up, your fault.
Business that over extended themselves must suck it up also.
#5 Nov 11, 2008
if you want to invest and sleep well, you can put your money to the oldtimers. you will never lost. you investition will be waiting right moment for sale in you garage. think about it.......
#6 Dec 10, 2008
yea i think that the hole thing is just trying to get us scared
#7 Apr 9, 2009
I think instead of bailouts for the big 3 automakers . How about giving bailouts to the people who buy those cars .The cars don't sell if we can't afford to buy them .There needs to be more consideration for those of us who bust our tails everyday just to provide for our families.
#8 Sep 8, 2010
.......... there is no money for domestic investments ........ TONS OF MONEY is sent each year to the morally bankrupt zionists ..... Congress is always in agreement on subsidies for the Likud Wingnutz ....... Rabbi Terry Jones , John Hagee , pat robertson and Mike Pence insist that the US taxpayer continue those welfare checks to GOLEM ISRAEL and the cowards that attacked the USS LIBERTY .
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