Comments on: Foreclosure Victims Slapped In The Face Again

By: Tony Cartman

Tony Cartman — Mon, 01 Jun 2009 17:29:30 +0000

Obama is really trying to help, but it’s complicated to help everybody in the same moment. I think foreclosed people will get a hand from our president as soon as possible.

By: Frank Polenose

Frank Polenose — Tue, 26 May 2009 16:34:01 +0000

Great article – well written. I also see it as a slap in the face.

Too little too late and I don’t really see how it will help.

By: Zachary Smith

Zachary Smith — Mon, 25 May 2009 14:40:04 +0000

I don’t think foreclosure is so bad as most people want to belive.In my opinion it’s fare and helps a lot our economy!

By: mee

mee — Fri, 01 May 2009 19:21:34 +0000

slap in the face . hell real people who are responsible are being slpped in the face ! we are not responsible for peoples stupid actions . they bought homes they couldnt afford . now they pay the price ! let them loose there home . hopefully they will learn from it . but statistics show that they will do it again. we shouldnt have to pay for their mistakes . slap in the face ! i dont think so !!!!!!!

By: Rob K. Blake

Rob K. Blake — Mon, 20 Apr 2009 17:34:39 +0000

Kyle,

You should read the post a little more carefully before commenting. All the facts are known…and Obama is slapping in trouble homeowners in the face.

Obama never promised his plan would help house flippers or investors of any kind. Nor would it help those who committed mortgage fraud.

However he promised to help foreclosure victims – homeowners who didn’t commit fraud – and now after he gets in office, he uses half-measures and leaves who gets a modification in the hands of those companies least likely to give one.

If you have a beef with “no doc” loans and that’s what you mean by “those who could not afford the mortgages to begin with” as those borrowers who in your words should be “held accountable”, I have this to say…

Those loans at the time were legal. Stupid sure…but legal. And you can’t hold the borrower responsible for a loan program the banks in collusion with Wall Street created. Had they not created the stupid program, the borrower would have never had the option. If you want to blame somebody for “no doc” loans, blame Wall Street, not the borrowers.

Instead the government gives the Wall Street firms $750 billion of tax payer money…so they never got “held accountable” for creating the “no doc” loans.

Is that really a big surprise knowing Obama packed his staff with Wall Street insiders like Tim Geithner and Larry Summers?

I sure everyone knows the answer to that…

By: Joshua Dorkin

Joshua Dorkin — Mon, 20 Apr 2009 14:35:13 +0000

Kyle – Many people who are being foreclosed on here are certainly at fault. I think Rob’s point is that if you’re going to save the homeowners (even if they are at fault in many cases), then do it and don’t take half-measures, while cow-towing to the banks and other large interest groups.

You have a right to be angry that many people were irresponsible, and that is certainly a factor in this whole mess – a big one – but there is a lot of other blame to go around as well.

By: Kyle

Kyle — Mon, 20 Apr 2009 01:01:58 +0000

This person writing this column knows jack. Until all the facts are known, please, keep your opinion to yourself.

Although I may not disagree with all your points, let us review the people who are being foreclosed on. Investors, those who could not afford the mortgages to begin with, etc. I am not saying all these banks are innocent, but I am saying the mortgagors need to be held accountable. So far, no one has. It is a shame! Much of these people deserve to be foreclosed on.

Those who truly have a hardship, my heart goes out to you!!