After a severe economic storm of more than 365,000 California foreclosures since early 2007, the state's long-awaited 90-day foreclosure moratorium law goes into effect June 15, 2009.
best thing people can do is stop making mortage payments and foreclose on the property. keep the money you saved from not making payments to move into a smaller apartment or relatives and friends.
I understand what you mean, but it is not that simple. How much money has the government thrown at the banks to keep them solvent? They are taking your/our tax dollars and telling the American people that we want to help you stay in your home while we "ride" out this crisis. Do some research for yourself before making such claims. I hope that you don't ever have to face what millions of other Americans are going through.
best thing people can do is stop making mortage payments and foreclose on the property. keep the money you saved from not making payments to move into a smaller apartment or relatives and friends.
TheCashistrash 1 year ago
ALL your equity that is your property that they have no right to steal?
MyITRcom 1 year ago
Do you mean pre-foreclosures get extra 90 days after 90 days?
simplefacts1 2 years ago
Auggie56,
I understand what you mean, but it is not that simple. How much money has the government thrown at the banks to keep them solvent? They are taking your/our tax dollars and telling the American people that we want to help you stay in your home while we "ride" out this crisis. Do some research for yourself before making such claims. I hope that you don't ever have to face what millions of other Americans are going through.
TonySocratesManos 2 years ago
This is not my problem guys ! I expect to loose if I can't pay. Your no better.
Auggie56 2 years ago
Thanks for the information guys! O'Bama rocks my world
pokesmot84 2 years ago
Good info- finally some help...
do you have more information- please do another couple videos-
luggage1 2 years ago
Great information..... Obama needs to realize that the banks are wimping out on us. Please help us!!!!!
siruntitergirl 2 years ago