Comments on: Back To Reality, Foreclosure Moratorium Ends

By: Bob

Bob — Tue, 11 Aug 2009 17:09:59 +0000

I think greed got us here. A self feeding frenzy of capitalism from the top trying to make a enormess profits by bundling and “A” rating the american dream and selling it as and “A” rated investment on wall street and the bottom people being allowed to buy & buying more than they could afford. Or buying for investment further driving the baloon. Greed got us here. It is an ever changing world and I think it will be a while before the unchecked greed wil drive us back into an economic furry of spend spend spend/Borrow, borrow, borrow. Does any one believe in living within there means??? Saving for a purchase? Buying a home as a place to live not as an investment.

By: KF

KF — Mon, 03 Aug 2009 20:20:39 +0000

They couldn’t afford it three months ago and they can’t afford it now. The painful reality is that it’s going to take some time to work our way out of this mess with housing. If the gov’t wants to help let them give incentives to people with cash to buy up these homes.

By: San Diego County Houses For Sale Down. Is This a Head Fake? | My XIRC Network

Mon, 15 Jun 2009 11:14:09 +0000

[...] even now the inventory of lender-owned homes is surging. Head fake or hard numbers? The federal foreclosure mortatorium is over but the State of California just initiated a like measure for ninety days. Are these moratoria [...]

By: Terry

Terry — Wed, 20 May 2009 21:19:35 +0000

Hey Ned B.
Clearly you’re not someone who has been impacted by this recession, or you might be a little more compassionate for people who find themselves in the unenviable double whammy position of being out of work through no fault of your own AND faced with losing your home. I’ve had a good career for almost 20 years, am a second-time homeowner, and could more than afford my debt load including mortgage for what I was earning. I also had 6+ months of savings put aside and was far from living on the edge.

Then to my shock my job was suddenly eliminated, and for the first time in almost 20 years I am having trouble finding a job. I have good credit, have never missed a mortgage payment, and expect to be back to work shortly. So why should myself and people in my shoes not be eligible for some kind of temporary forbearance rather than be immediately thrown out of the street?

I suspect if you and your family were in a similar position you would be singing a very different tune. You are ignorant and close-minded and might consider looking at other peoples situations before sounding off.

By: michelle

michelle — Thu, 14 May 2009 09:05:36 +0000

Our Government wants Socialism which in turn can lead to Communism and they’re willing and able (thanks to dirty politics and ignorant voters) to do just that.
Obama along with his sidekicks are all hellbent on destroying us while making themselves the supreme superpower over first us, then the entire world.
But the only remnants left who oppose what’s happening are by far outnumbered by those who worship Obama and his administration and if we try to revolutionize our government and take it back we will have a civil war on our hands and people will die.

I think only God can save us now. Michelle.

By: Ned B.

Ned B. — Wed, 22 Apr 2009 11:57:57 +0000

I was wondering when this foreclosure moratorium was going to be lifted? All it did was give people an extra three months of living in their house without having to make a payment. They couldn’t afford it three months ago and they can’t afford it now. The painful reality is that it’s going to take some time to work our way out of this mess with housing. If the gov’t wants to help let them give incentives to people with cash to buy up these homes. Once the inventory shrinks, prices will stabilize and go up. AH, capitalism! Supply and demand!!! Yes, greed from capitalism got us into this mess and greed from capitalism will get us out of this mess!!!!!!!!!!!!!!!!!

By: Joshua Dorkin

Joshua Dorkin — Mon, 20 Apr 2009 22:56:32 +0000

As the clock continues to tick on, we only see further evidence that we’re making little progress. I only hope the administration opens their eyes to the fact that people are catching on to what is going on in the marketplace, and they aren’t liking what they see.