Not one word about helping homeowners..failed loan mod program
one would think we dont have a foreclosure crisis..and that millions are not still facing homelessness..what a joke..quite the topic on the campaign trail however
16. if you have rec'd a loan mod ..good for you..post a poll if you really want to see how many duers
Edited on Thu Aug-04-11 12:38 PM by xiamiam
have benefitted..have lost their homes..etc. The Hamp program is an abysmal failure. People are losing their homes. Nothing is being done. I'm not going to argue with you. You either see that or you dont.
18. there is no incentive for the banks to truly negotiate with homeowners
foreclosure is punitive and the banks make more money than renegotiating the loans ..they would prefer to foreclose, sell at half the price to the new owner, lower the home values for the entire neighborhood..and put the family who has lived there for 20 years in the street..no reason not to for the banks
19. and there you have a frightened demoralized shocked and broke huge segment of the population
no mention of reinstating the primary residence clause in the bankruptcy bill either..not a peep since early 2009...which was in place from the depression to 2005..just a few years before this financial meltdown
why?
there is a crime being committed to us..appears to be legal but it is a crime nonetheless
11. Yep, I have a friend and two neighbors who have been desperately seeking
loan modification for two years now. Bank of America told my friend "Hey, just get a job that pays $1,000 a week. Problem solved!", and the bank won't even discuss the matter with my neighbors. :grr:
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.