http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/ How To Avoid Foreclosure And Save Your Home Thu, 12 Nov 2009 00:55:25 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-45 curious2 Sat, 03 Oct 2009 13:30:19 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-45 What your missing is the politicians concern, they do not care about you, go ahead test my theory. What your missing is the politicians concern, they do not care about you, go ahead test my theory.

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-44 Ask Questions Sat, 03 Oct 2009 07:36:40 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-44 That'd be communism! But bailing out a failing business? That's.. uh.. erm.. That’d be communism!
But bailing out a failing business? That’s.. uh.. erm..

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-43 rayvnnis Sat, 03 Oct 2009 01:18:17 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-43 Because the bailout was not written to help Americans. It was meant to help American bankers. NO BAILOUT! Because the bailout was not written to help Americans. It was meant to help American bankers. NO BAILOUT!

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-42 Jupiter Ceasar Leprechaun II Fri, 02 Oct 2009 23:47:55 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-42 nothin that is what should happen except screwed homeowners like me dont get to lobby politicians like the greedy bankers and oil tygoons who caused all of this nothin that is what should happen except screwed homeowners like me dont get to lobby politicians like the greedy bankers and oil tygoons who caused all of this

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-41 brucec83 Fri, 02 Oct 2009 22:06:06 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-41 If we are committed to encourage home ownership. Why are FHA rates and requirements higher and stricter than the banks were offering? If we want to save the banks and prevent forclosures, FHA should loosen their requirements and guarantee, or buy the mortgages that fiit the qualifications from the banks. This will give them solvency and be a much more egalitarian use of "bailout" funds since it will be an investment rather than a bailout. If we are committed to encourage home ownership. Why are FHA rates and requirements higher and stricter than the banks were offering?
If we want to save the banks and prevent forclosures, FHA should loosen their requirements and guarantee, or buy the mortgages that fiit the qualifications from the banks. This will give them solvency and be a much more egalitarian use of “bailout” funds since it will be an investment rather than a bailout.

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-40 in vino veritas Fri, 02 Oct 2009 15:37:01 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-40 You are simply missing what all of Congress is... ...everyone - Paulson included - said this financial mess started with the mortgage crisis. Therefore, the correct solution - to get at the root of the problem - would be to assure those mortgages get paid. If they did, cash flow would open up once again, and the economy could start to recover. However, instead of doing the correct thing, our representatives choose to give millionaires a fat welfare check. Don't you think it's time we showed those fat cats who really is in control of the economy? I say: if this Millionaire Welfare Bill v. 2.0 is passed, anyone with a credit loan shall stop paying the payments on said loan immediately. Anyone else think that would get their attention? You are simply missing what all of Congress is…
…everyone – Paulson included – said this financial mess started with the mortgage crisis. Therefore, the correct solution – to get at the root of the problem – would be to assure those mortgages get paid. If they did, cash flow would open up once again, and the economy could start to recover.
However, instead of doing the correct thing, our representatives choose to give millionaires a fat welfare check.
Don’t you think it’s time we showed those fat cats who really is in control of the economy? I say: if this Millionaire Welfare Bill v. 2.0 is passed, anyone with a credit loan shall stop paying the payments on said loan immediately. Anyone else think that would get their attention?

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-39 Speedfre Fri, 02 Oct 2009 14:35:19 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-39 You are missing the personal responsibility part of the equation. Lesson learned is to buy what you can afford and be responsible for fulfilling your financial obligations. Why don't you bail me out for stock losses from the market fall caused by irresponsible people who did not pay their bills and adversely affected the value of securities supported by those underlying mortgages that defaulted? I don't want a bailout and accept responsibility for the losses that are in the tens of thousands in just one bank stock, but I think you get my point about the absurdity of bailouts. Where does it end? You are missing the personal responsibility part of the equation. Lesson learned is to buy what you can afford and be responsible for fulfilling your financial obligations.
Why don’t you bail me out for stock losses from the market fall caused by irresponsible people who did not pay their bills and adversely affected the value of securities supported by those underlying mortgages that defaulted? I don’t want a bailout and accept responsibility for the losses that are in the tens of thousands in just one bank stock, but I think you get my point about the absurdity of bailouts. Where does it end?

]]> http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/comment-page-1/#comment-38 foreclos Fri, 02 Oct 2009 10:09:01 +0000 http://avoidforeclosureorlando.net/23/why-dont-americans-get-to-avoid-foreclosure-as-part-of-the-bailout-plan/#comment-38 You're missing the fact that the bill is designed to bail out financial investment firms and banks -- not actually provide help to the people who are unable to pay their mortgages. The politicians realize that, because of decades of government policies and corporate subsidies, it is doubtful that many of the people who received subprime mortgages will ever be able to pay them back. Thus, the only option they are considering now is stealing the last little bit of disposable income middle and lower class America still retains and handing it over to the banks. Also, many of these bad mortgage securities were sold to hedge funds, pension funds, and other investors around the world. They are not happy we sold them a bunch of garbage and are demanding we buy them back from the foreign banks. Part of the $700 billion is going to be used for this purpose, especially since we still need to borrow billions of dollars every day just to run our government and our economy. Providing help to homeowners in foreclosure? That would require politicians who care about their constituents, rather than the banks and foreign donors who really finance their campaigns. People can always just be tricked into voting for someone over and over again based on party identification. If the Chinese stop lending money to the government and buying up our Treasury securities, then we'll have real problems. Your proposal only makes sense from the perspective of the American economy and homeowners. Look at it from the perspective of the richest banks and foreign investors and you'll see that stealing $700 billion of our money is necessary to keep the charade going a little longer (until the next bailout is required). Hope that helps. ForeclosureFish You’re missing the fact that the bill is designed to bail out financial investment firms and banks — not actually provide help to the people who are unable to pay their mortgages. The politicians realize that, because of decades of government policies and corporate subsidies, it is doubtful that many of the people who received subprime mortgages will ever be able to pay them back.
Thus, the only option they are considering now is stealing the last little bit of disposable income middle and lower class America still retains and handing it over to the banks.
Also, many of these bad mortgage securities were sold to hedge funds, pension funds, and other investors around the world. They are not happy we sold them a bunch of garbage and are demanding we buy them back from the foreign banks. Part of the $700 billion is going to be used for this purpose, especially since we still need to borrow billions of dollars every day just to run our government and our economy.
Providing help to homeowners in foreclosure? That would require politicians who care about their constituents, rather than the banks and foreign donors who really finance their campaigns. People can always just be tricked into voting for someone over and over again based on party identification. If the Chinese stop lending money to the government and buying up our Treasury securities, then we’ll have real problems.
Your proposal only makes sense from the perspective of the American economy and homeowners. Look at it from the perspective of the richest banks and foreign investors and you’ll see that stealing $700 billion of our money is necessary to keep the charade going a little longer (until the next bailout is required).
Hope that helps.
ForeclosureFish

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