To: Diana in Wisconsin
The foreclosure prevention bills making their way through Congress are designed to keep people in their homes by providing up to $300 billion in federally insured mortgages. But to qualify for these loans, the lenders would have to agree to voluntarily write down the principal on the loan to 85 percent of the appraised value, and the borrowers would have to be able to document their income, along with other requirements. HEY! Where can I go to get the government to pick up 15% of my mortgage principal? I am going to stop paying my mortgage TODAY so I can qualify! People who are responsible and only buy a house they can afford are FOOLS!!!!
2 posted on
06/02/2008 7:03:26 AM PDT by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: 2banana
Exactly. Congress has no business even trying to fix this.
4 posted on
06/02/2008 7:06:38 AM PDT by
econjack
(Some people are as dumb as soup.)
To: 2banana
Great that they take responsibility BUT they were grossing $40k a month at one time and put nothing away? Unbelievable!
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