http://www.fhamortgagecenter.com/fha-blog/does-the-government-have-a-duty-to-take-on-more-bad-loans/ Just another WordPress weblog Fri, 27 Feb 2009 19:09:48 -0800 http://wordpress.org/?v=2.8.2 hourly 1 http://www.fhamortgagecenter.com/fha-blog/does-the-government-have-a-duty-to-take-on-more-bad-loans/comment-page-1/#comment-184 Rose Thu, 31 Jul 2008 01:57:47 +0000 http://www.fhamortgagecenter.com/fha-blog/does-the-government-have-a-duty-to-take-on-more-bad-loans/#comment-184 I feel that the government should assist people in keeping there homes who are currently having problems due to our economic climate. It is not just the rates changing but the economy itself. People are laying off, cutting back hours, and gas is so expensive it cost three times as much to go to work as it use to and food cost are out of the park. We could not predict all of these circumstances when we purchased our homes so yes I feel that the government has their fair hand in all of this. The working class American can't even qualify for the very programs that we sacrifice our hard earned dollars to support because of such rediculous rules as having a car that is valued at over two thousand dollars or owning other property that we can't eat. Yes one might say sell it. Well the house could take years in the market today and as far as the car is concerned if we sell it what dependable means of transportation do we have to remain gainfully employed? Checked out the buses lately with the rise in gas prices went up and routs vanished almost overnight. We need someone who knows the issues and understands exactly how to address them. We aren't asking for a handout we work hard everyday but when you earn $271 per week before taxes and $150 is spent on gas to make it to work another week please tell me where is the money for the inflated mortgage payment. So you loose your car you loose your rentals and your credit goes in the toilet now you can't refinance because you did what you had to do to survive. An american family should be more than a number. I feel that the government should assist people in keeping there homes who are currently having problems due to our economic climate. It is not just the rates changing but the economy itself. People are laying off, cutting back hours, and gas is so expensive it cost three times as much to go to work as it use to and food cost are out of the park. We could not predict all of these circumstances when we purchased our homes so yes I feel that the government has their fair hand in all of this. The working class American can’t even qualify for the very programs that we sacrifice our hard earned dollars to support because of such rediculous rules as having a car that is valued at over two thousand dollars or owning other property that we can’t eat. Yes one might say sell it. Well the house could take years in the market today and as far as the car is concerned if we sell it what dependable means of transportation do we have to remain gainfully employed? Checked out the buses lately with the rise in gas prices went up and routs vanished almost overnight. We need someone who knows the issues and understands exactly how to address them. We aren’t asking for a handout we work hard everyday but when you earn $271 per week before taxes and $150 is spent on gas to make it to work another week please tell me where is the money for the inflated mortgage payment. So you loose your car you loose your rentals and your credit goes in the toilet now you can’t refinance because you did what you had to do to survive. An american family should be more than a number.

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