Upcoming Foreclosures

Do you think that government should help all people forcing foreclosures? ?

If they were irresponsible enough to buy a house that they can't afford why should i pay for it now. I wanted a house too, but decided not to buy it because I knew I wouldn't be able to afford payments if something like this would happen. And now responsible people have to pay for the mistakes of irresponsible ones now?

Public Comments

1. I hear you and I agree 100%.
2. no, i dont. You reap what you sew.
3. I do not think the government should stand by and watch thousands of people go homeless. That would be heartless. But no, I do not think the government should do anything other than provide TEMPORARY housing for them.
4. No. The government shouldn't bail these people out. It's ridiculous.
5. No. nor should we be letting the big banks walk away with taxpayer money!
6. Sure so tomorrow my husband and me will go buy a 50 million dollar mansion and then force the govt. to pay for it. The govt. should mind their own business, and help only the needy (disabled and kids) not fat stupid lazy slobs who should get weeded out not encouraged to reproduce more super tards.
7. You are right. However, if we do not take the foreclosures off the market, they sit in neighborhoods dragging down the valuations of their neighbors. Valuations will be less affected if foreclosing homes are refinanced to the owners, therefor taking them off the market. If we do this across the Country, the market valuations go up and people capable of financing a new home will have greater confidence in market values appreciating, and start buying homes.
8. Obama is after the low income herds of people going to help them first so they will ride the bus to the election polls again to vote him in. The individual home owner he does not care about unless they are in a million dollar mansion like him of course.
9. we should not have to spend money the way Obama wants. the federal government can not own land other then in washington d c but they can buy the lenders thus the foreclosures will be owned by the feds and moneys also
10. No we shouldn't. Rewarding poor decisions is completely backward.
11. no
12. Well I think all of you are wrong. Now I am living here in Collier county in Florida. Collier and Lee counties have the most foreclosures in the country. The reason why to so many foreclosures is the housing market went belly up. Most of these people whose house is in foreclosure, work in the construction industry, one of three main and only industries here in South-west Florida. When the new home sales went down, people couldn't work because the construction companies started laying people off. When you can't work, you can't pay your bills including your house payments. I happen to be an electrician and haven't work since last Nov. Things are really bad down here. And it's going to be worse before it gets better.
13. No, not at all. We also need to blame the banks, and we are also facing a financial burden by paying off their bailouts with our hard earned money. But that is NO excuse for government to rescue banks, or inject more money at the problem, history has shown that intervening, or throwing more money at the problem is like adding more fuel to a fire. If the government never intervened, those banks, and those people who would lose their homes would be better off renting an apartment, or anything that basically rent. There's no reason why we should pay off their mistakes, and their failures. If the government really wanted to save these people, they'd stop the Iraq war, welfare, and other spending to save billions on their pockets, and let the government pay it themselves.
14. I agree with you up to a point - unfortunately, our public education system does not teach people the basic skills they need to function in our society, ie how loans and interest rates work. Predatory lenders and unscrupulous Realtors took advantage of an uneducated public. Many of the so called sub-prime loans were issued to persons who DID NOT meet the criteria (standards) for the loans. Such practices warrant criminal charges against the mortgage brokers and lenders. It is a legal responsibility of both the realtor and the mortgage broker to make sure that the borrower understands the commitment they are making. Many, many people who were following "the American Dream" of home ownership were taken in by this fraud.