During wave of foreclosures, a resident waits for a lifeline
Abandoned buildings don't help our tax structure.So it's in everybodys best interest to fix em up and fill em up.
(or was) It provides jobs for construction people,Students can get involved -see Habitat for Humanity-lifelong renters can obtain their dream of owning a home.There are some success stories. But it did bring out the worst in some folks. You have seen people running to Mr.Paley of NHS ,running to Casey of H for H., running to Ramos and any and all involved and viciously slandering each other and strangers to not deal with so and so and there's no point of so and so getting a job because he/she is not eligible for these grants etc.
Overall not bad, and what happens now?
Maybe what they wanted all along and that's these big property owners picking up these homes for a song,adding them to their collection and leaving some boarded up until a not-for-profit rolls along or funds can be obtained. Then this whole charade was straw buyers
I cannot figure out for the life of me why people think an adjustable rate mortgage won't adjust upward.
Christine bought a house she could barely afford with an ARM when rates were low. Now that rates have risen, she expects someone else to pay for her folly.
Christine and many millions of Americans need an education in economics. Unfortunately, the political class appears to be trying to give those individuals A-pluses in economics by proposing those who did not buy beyond their means bail them out!
It sounds like Christine needs to either refinance or buy a home she can afford.