Mortgage Mess: Is Relief in Sight?

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  Posted By: techie22 @ 12/26/2008 4:25:15 PM

  So when companies write off their debt and restructure at a lower rate
  with the help of tax dollars, why don't these companies give their
  customers just a few months grace to get back on their feet. After a
  few months of unemployment, most creditors want all their money ASAP
  even when the person gets a new job and can begin payments again.
  
  It seems as though they don't care if they drive our country into a great
  depression as long as they get theirs first. Don't they understand that a
  depression will affect EVERYONE not just those suffering. Crime will
  increase and those Beamer drivers might end up being killed for their car.
  
  The wealthy and those opposed to helping anyone need to understand
  they are not an island unless they live totally off the grid. They will need
  customers, farmers and all the other people that make our world work.

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  Posted By: roaddogg19682001 @ 11/09/2008 7:38:23 AM

  money is the root of all evil. People need good homes and transportation no matter the cost to the individual.
  Truth is no one in America should be homeless, hungry or without good mediacl care. If the federal goverment steps in and bails people out good for america meaning if my house was paid for I would buy a new car maybe two, this would spread so to speak increasing spending and of course demand on autos and other products putting people back to work and moving the economy forward. Now if the federal goverment were to impose a income tax on all working americans just for the purpose of home ownership not general funds I for one would be all for it. Homes, food nd medical care in america should be a birth right not a burden for are citizens,

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  Posted By: Leo95 @ 08/03/2008 9:22:36 PM

  If your fico score is less the 660, you only have yourself to blame and not Bush. He didn't push you into getting 12 credit cards and 2 new expensive cars on top of your home mortgage. He didn't tell you to go out and get a home equity loan to pay for vacations and plasma tvs. People with mortgage problems only have themselves to blame for not educating themselves on how things work and how not to trust a mortgage broker making money of you.