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Our leadership needs to invoke a moratorium on all foreclosures nationwide. The other thing that needs to happen immediately is that since ALL home loans are secured by the home, EVERYBODY gets a lower interest rate. Lets say 3 percent for 40years fixed. I dont care if you have to collect aluminum cans on the street to make your house payment and keep it. If you have a pulse and have a home loan you qualify 3 percent 40 year fixed ! NOW!
Let me first say that the steps in this video are in sequence leading up to the foreclosure process. If you are in foreclosure, I feel for you as does many in our society today! WE ALL HURT! As for the 2 commentors, Wishlist and Moniequa, the two of you need to get a life and open your eyes as to the true situation here that does AFFECT EACH AND EVERYONE ONE OF US WHETHER IN FORECLOSURE OR WELFARE --- WE ALL PAY FOR BOTH IN THE END!
Banks are lying to you. Get out of your home before you give them all of your cash as your home continues to be wothless. Challenge the bank to "Find The Note".
The last part of what he is saying is not totally true, he is spewing the MSM talking points wich makes this guy suspect.. The problem came from bankers,regulators and the govt officials and orginizations like fannie and freddie... He is simplifying the problem and passing the buck.. The problem came from turning home loans into CDOs on the upside and buying CDS on the downside as a ponzi scheme wich blew up real estate to crash it and make a profit on the upside and the downside.....
Wish, Guess what? To make myself look wealthy and therefore intelligent, I borrowed $500,000 and bought myself a house. People will think I'm intelligent and if I become unemployed, our government will bail me out, if not, I'll let my house get foreclosed and get on welfare.
For your info, middle class Americans are tired of bailing your ass out and as for education goes, you can say whatever you want because it's hard for me to treat a social parasite like you with respect and dignity.
There goes that bitterness again. Stop with the name calling, it is totally unnecessary. We are ALL TAX PAYERS and I am sure you don't make as much money as I do. I can tell by the way you present your point that you don't have a clue. However, if you feel that you are bailing me out, let me say Thank you for doing so. lol
Wishlist, are you that stupid? You artificially inflated the price, you contributed to the house bubble and got the government handout when you got foreclosed. Our tax money is for public roads,parks,schools, and other public stuff not for irresponsible people who spend beyond their means. You would be upset too if you pay taxes. The more money our government spend to keep you in your overpriced home the worse the debt gets and we'll never get out of this. continue..
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The problem came from bankers,regulators and the govt officials and orginizations like fannie and freddie...
He is simplifying the problem and passing the buck.. The problem came from turning home loans into CDOs on the upside and buying CDS on the downside as a ponzi scheme wich blew up real estate to crash it and make a profit on the upside and the downside.....
You can't, so stop. lol
There goes that bitterness again. Stop with the name calling, it is totally unnecessary. We are ALL TAX PAYERS and I am sure you don't make as much money as I do. I can tell by the way you present your point that you don't have a clue. However, if you feel that you are bailing me out, let me say Thank you for doing so. lol