So why doesn’t LaRaza and ACORN, et al, give money to people to avoid foreclosure?
We are pursuing the same policies that got us in trouble in the first place. Re-financing people out of foreclosure will just lead to more losses. Many of these people just don’t have the character to be home owners. Period.
Fortunately many won’t qualify because they are alread too far in default. Many walked away with a lot of cash already and should be paying the IRS for their gains.