http://blog.foreclosure.com/2009/01/foreclosure-bailout-funds-pegged-at-50-to-100-billion-under-barack-obama/ Distressed Real Estate News and Opinion Thu, 02 Feb 2012 16:42:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://blog.foreclosure.com/2009/01/foreclosure-bailout-funds-pegged-at-50-to-100-billion-under-barack-obama/comment-page-1/#comment-16953 Frank Sun, 15 Feb 2009 15:13:47 +0000 http://blog.foreclosure.com/?p=735#comment-16953 I live in north stockton,ca and I can see how things are getting worse. All the people who live here can afford their mortgages. But it is a ghost area now. Why...because the government is letting those people leave their homes without further consequence. The once $400k homes are now less than $200k. Because the government has no rules about making anyone responsible for their debts. Three close neighbors bought new properties at the newest appraisals, moved and let their old homes go to foreclosure. The only neighbor that has remained, has quit his job and applied for a bailout from the mortgage company. The mortgage company will re-appraise his home and let him refinance at the new appraisal. Well, will everyone get to do that ??? Thanks for listening.. I live in north stockton,ca and I can see how things are getting worse. All the people who live here can afford their mortgages. But it is a ghost area now. Why…because the government is letting those people leave their homes without further consequence. The once $400k homes are now less than $200k. Because the government has no rules about making anyone responsible for their debts.
Three close neighbors bought new properties at the newest appraisals, moved and let their old homes go to foreclosure. The only neighbor that has remained, has quit his job and applied for a bailout from the mortgage company. The mortgage company will re-appraise his home and let him refinance at the new appraisal. Well, will everyone get to do that ???
Thanks for listening..

]]> http://blog.foreclosure.com/2009/01/foreclosure-bailout-funds-pegged-at-50-to-100-billion-under-barack-obama/comment-page-1/#comment-16916 Foreclosure.com Blog · Barack Obama foreclosure plan could include those not in default Fri, 13 Feb 2009 17:08:10 +0000 http://blog.foreclosure.com/?p=735#comment-16916 [...] this article reinforces that pledge, indicating (again) that at least $50 billion will be put toward reducing mortgage interest rates and other [...] [...] this article reinforces that pledge, indicating (again) that at least $50 billion will be put toward reducing mortgage interest rates and other [...]

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