So the White House rejected what families need to survive in this already crippling economy. The foreclosure moratorium was rejected because it's thought to be believed so it may make a negative situation even worse; in what they call a slow recovery in the housing market. I don't know about you but the sole reason the white house market is even in the slow stage is basically because the "wealthy" and the "above average" people will be the one's purchasing the properties in the very first place. So let's think about it for a second....
Who gets the credit, the resources, and money to complete anything?
Hmmmm maybe the one's who rejected it in the very first place.
Have a look at what Robert Gibbs, a spokesman for the White House, had to express concerning the foreclosure moratorium: "You can find some unintended consequences to a broader moratorium."
What the heck is that likely to mean? Some say it'll only benefit several while others would be worse off. Okay if that's so then Thank You if you are considerate, but most of us know that's not the case. But wait that's not the good part check this out:
Industry experts warn that a ban would increase lenders'losses, raise the price of new mortgages, and create a backlog of homes that will further depress real estate prices.
In other words, we need the banks to get richer so that people can make it seem as though the United States is performing better. By doing so we can keep house's at an inexpensive for a little while longer, charge you lower interest rates for at least another couple of years, and get rid of the overflow of foreclosures until we at least come near to breaking even. In either case we're rejecting the Foreclosure Moratorium to raised help us and not the people... I'm pretty sure you realize it's just the way this country is ran; You'll get over it. I mean you actually don't have an option where are we likely to go broke and with bad credit? Nowhere and they understand that but do you know what it's time and energy to react, and do what we can for our families.
Because what you don't know about foreclosure could cost you far more than just your home.
Your credit might be ruined for decades! You need to find out "The Foreclosure Defense Secrets." Learn your rights and find out your options. Don't stop trying because you might win this thing. Stop falling for the okie doke and keep what you've worked hard to get in the very first place. This foreclosure attorney reveals all of the legal tricks that the banks don't want the public to learn
