Yes, there are scoundrels preying on the weak and scared but there is much more damage from a government that touts “..don’t pay, walk away…” and guarantees 500,000 homeowners will be modified under HAMP and the reality is 1,700. It has produced dismal results like Hope 4 Homeowners under tail end of Bush.

The private sector, especially those very few who know the fraud lenders perpetrate against the American people are about the only shot most homeowners have at leveling the playing field and not becoming another foreclosure statistic.

There will be approx. 4 million foreclosures this year, approx. 9,500/ day which is about 1 every 9 seconds.

What has the “state” (meaning federal, state and local) government done to really address the problem and provide real lasting solutions to homeowners other than bailing out the lenders who dump millions into campaign funds adn contributions.

Did you catch all the cowards ducking out of the House Oversight committeee to avoid forcing a vote on subpoening Countrywide to get to the bottom of the “friends of Angelo” list of sweetheart loans given to more than 1 politician (Chris Dodd being most prominent) ?

Be careful which Kool Aid you drink and keep a keen eye out for the misinformation and redirection.

It’s the subtle swindle you need to watch out for not the overt.
.-= Todd Wetzelberger´s last blog ..Weekly Industry Update- “Mortgage-Servicer Performance Is Uneven” =-.