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 that it could make a bad situation even worse; in what they call a slow recovery in the housing market. I don't know about you but the only reason the housing market is even in the slow stage is because the "wealthy" and the "above average" people are the one's buying the properties in the first place. So let's think about it for a second....
Who has the credit, the resources, and money to do anything...
Hmmmm maybe the one's who rejected it in the first place.
Check out what Robert Gibbs, a spokesman for the White House, had to say about the foreclosure moratorium:
"There are a series of unintended consequences to a broader moratorium."
What the heck is that supposed to mean? Some say it'll only benefit a few while others would be worse off. Okay if that's so then Thank You for being considerate, but we all know that's not the case. But wait that's not the good part check this out:
Industry experts warn that a ban would add to lenders' losses, raise the cost of new mortgages, and create a backlog of homes that would further depress real estate prices.
In other words, we need the banks to get richer so that we can make it seem as if the United States is doing better. By doing so we can keep house's at a low cost for a little while longer, charge you lower interest rates for at least another year or two, and get rid of the overflow of foreclosures until we at least come close to breaking even. Either way we're rejecting the Foreclosure Moratorium to better help us and not the people... I'm pretty sure you understand it's just the way this country is ran; You'll get over it. I mean you really don't have a choice where are we going to go broke and with bad credit? Nowhere and they know that but you know what it's time to fight back, and do what we can for our families.
Because what you don't know about foreclosure could cost you much more than just your home.
Your credit could be ruined for years! You need to know "The Foreclosure Defense Secrets." Learn your rights and figure out your options. Don't give up because you could win this thing. Stop falling for the okie doke and keep what you've worked hard to gain in the first place.This foreclosure attorney reaveal's all of the legal tricks that the banks don't want the public to knowClick Here!
