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Deadbeats get the shaft everybody else bailed out


               
2011 Mar 16, 5:47am   5,064 views  24 comments

by toothfairy   follow (0)  

Now that the strategic defaulters and short sellers are out of the system generally the only ones left are people who did the right thing and are now getting their bail out.

This seems like a fair deal.

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NEW YORK -- The Obama administration is seeking to force the nation's five largest mortgage firms to reduce monthly payments for as many as three million distressed homeowners in as little as six months as part of an agreement to settle accusations of improper foreclosures and violations

http://www.huffingtonpost.com/2011/03/16/obama-administration-modify-mortgages_n_836350.html

#housing

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1   lurking   @   2011 Mar 16, 5:52am  

The investors ultimately get the shaft and that is everyone that has bank stocks and mutual funds. I hope the public rises up against yet another give a way program.

2   Remington   @   2011 Mar 16, 6:06am  

Quick everyone, stop paying your mortgage!

3   Tude   @   2011 Mar 16, 6:18am  

Yeah, where's the bailout for those of us that can easily afford our homes, have reasonable 30 year mortgages, and are upsidown? Where the hell is my free money??

I keep saying my husband and I should have bought the nicest house in Orinda for a million or more, right now we'd probably be "distressed" and could qualify for free handouts and have a house in Orinda for the same price..

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