http://blog.foreclosure.com/2009/05/underwater-mortgage-refinance-under-obama-foreclosure-plan-seems-critical/ 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/2009/05/underwater-mortgage-refinance-under-obama-foreclosure-plan-seems-critical/comment-page-1/#comment-34667 Anthony's Indianapolis Homes for Sale Mon, 19 Apr 2010 20:22:15 +0000 http://blog.foreclosure.com/?p=1212#comment-34667 The $1.5 billion allotted Emergency Economic Stabilization Act is a good start. I just hope it's enough, considering the sheer number of homeowners that are struggling. What I find ironic is that these foreclosures were brought on, in part, because banks weren't willing to work with struggling home owners. They chose to foreclose rather than accept a lower amount of interest. We all know how that turned out. Then, the government bails them out of a mess that they helped create. The $1.5 billion allotted Emergency Economic Stabilization Act is a good start. I just hope it’s enough, considering the sheer number of homeowners that are struggling. What I find ironic is that these foreclosures were brought on, in part, because banks weren’t willing to work with struggling home owners. They chose to foreclose rather than accept a lower amount of interest. We all know how that turned out. Then, the government bails them out of a mess that they helped create.

]]> http://blog.foreclosure.com/2009/05/underwater-mortgage-refinance-under-obama-foreclosure-plan-seems-critical/comment-page-1/#comment-25820 Erik F Wed, 16 Sep 2009 22:46:46 +0000 http://blog.foreclosure.com/?p=1212#comment-25820 Well written and easy to understand. Hopefully educating the general public on this will help put an end to the foreclosure storm. Erik Well written and easy to understand. Hopefully educating the general public on this will help put an end to the foreclosure storm.
Erik

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