Foreclosures Become a Campaign Issue

They must face reality, cutting the rate only turn the situation into the worst. it's like giving marijuana to the addicted peoples.

1. they must announce the situation
2. admit mistake
3. encourage people to negotiate their foreclosure deal
4. rise the rate
5. stop consumers loan
6. encourage people to save and start a new business
7. no tax for a corporate income from outside the US (export)
8. rise an import tax
9. execute all corruptors, sell they organ, liquidate all of their asset
10 no more subsidize for a loser (white trash, black trash, asian trash, whatever)

ABC News just posted this report that there is a plan being announced today that will give a 30 day moratorium. http://abcnews.go.com/Business/wireStory?id=4275766

As usual, politicians have grabbed hold of a hot issue to use for their own benefit. Does anyone really think that Hillary Clinton actually cares about people losing their homes? Let's get real here.

As for the moratorium suggestion, it just shows that Hillary et al are clueless when it comes to overseeing things (aren't they supposed to be good at that?).

As you said, "a moratorium would subject lending institutions, which are already experiencing troubles of their own, to greater difficulties that could reverberate through the stock and bond markets".

I think we need to stop looking to the government to solve our problems and start taking responsibility for our own actions. That includes financial institutions, too.

I have always been a huge advocate that these sorts of problems usually work themselves out better if the government stays out of it all together. I think that any candidates talking about what they are going to do about it IF they are elected are just running their mouths (like all politicians do). IF they are elected, it will be nearly a year from now before they even get in office. Things may have changed drastically in a years time.

Many homeowners facing foreclosure currently will have either figured a way out or been foreclosed on by this time. If the government is going to do something, it should be done now - not in a year.

Much of the problem boils down to basic math. Many people got mortgages at low variable rates and now can not afford to make the payments on these mortgages now that the rates are up. Perhaps the goverment should force lenders to refinance these mortgages at current market rates (if they are lower than the homeowner's variable rate). If the homeowner can not afford to buy the home at current market rates, they are simply in too much house. They need to sell it and move down to a cheaper home. Lender's should not be forced to allow a homeowner live in a $350,000 home if they can only afford to make payments on a $150,000 home.

A 90-day moratorium is just pushing the problem out into the future. At some point they will have to ante up the cash to actually pay for the home they are living in, and will not have the money to do so. If there is a 90-day moratorium it should have some sort of stipulation requiring the homeowner to try to sell the home. I dont' know what the details and requirements of such a plan are - just an idea.

First of all, I don't think a foreclosure moratorium is the answer as it doesn't solve the larger problems. It also isn't fair to the thousands who did not have the protection of a moratorium and have lost their homes.

I don't think that the candidates opinion on this matters too much, and if they truly wanted to cause change, they should lobby to get some laws passed to solve the foreclosure problems. The majority of the candidates left are all senators so they should use their currently elected office to enact change and not wait on the possibility of becoming president. If their ideas are good, then the laws would make it through!

Your article is insightful and asked some serious questions to our leaders with leaders that are already in political office. And that is why this politcal debate really to us, just ends. For starters, to late for most and need real substance to re-finance in thier affordable housing efforts. whereby, fits the housing family earning budgets. And lets get the financing in order and structure a good deal. Do the Due dillegence. Bankers...and the Fed. Reserve.

We could not believe not for one second, that nobody would understand the future of these problems, or see this comming. It is the same problem in real-estate. Searching for a quick fix and over appraised the housing values.

Hillary looks tired.

Having said that much, if a bank is experiencing problems then one might consider why ?

I have always said a bank should be more helpful to the new or poor economist. The more a bank gives direction to its consumers the better a consumers spending capacity can be. Does this not lend more favor to the property investors. Probably since there would be more bills paid on time.

And yet if there is one thing I have learned in all my years what makes good sense doesn't always win the day, rather one cull the crowds so there be fewer at the top, and less competition too.

Well...the current market in the foreclosure arena appears to be quit perplexing. However, as I sit here typing, I reflect on my past couple of years and the incredible turn of unforeseen events that have affected my life (It's like waking up and finding yourself in a sinking row-boat without ores and teacups to keep the impending waterflow out). I reach within my own circumstance to find those Action words that would change this foreclosure circumstance in my opinion: FRS-FOUNDATIONAL RESTORATION STABILIZATION (my little invention)

I view the American Dream as not soley built on manna, it is ultimately for everyone the HOME! When the home is in jeopardy the FOUNDATIONAL STABILITY is at risk. So how does one find FRS?

For those who capitalize on the misfortune of others they'll utilmately find shame in their path. However, if the compassionate yet clear minded business people can rise above the norm a simple yet lasting approach can be accomplished.

FRS-FOUNDATIONAL RESTORATION STABILZATION: Banks and other fianancial institutes will lose on the foreclosures as will the now rising homeless whose burden will be placed on communities and other family members. The financial institutions need to rise to the ocassion and think "OUT SIDE THE BOX" . Refinance the homes at the current lower interest rate; this will obviously lower the monthly payment and provide one to two months of no rent, allowing for job recovery.

The overall goal is to RESTORE AND STABILIZE the economy and where better to begin than at the very heart of America the HOME (Real Estate Market). I've managed 6M plus budgets and I've found that sometimes you must step back for a season to reap great future benfits.

A business Woman (in need of FRS)
D' Gebhardt

Dear Mr. Sexton and Trump U., I will make this short. With all that is going on in this world. Who I would like to see on the Celebrity Apprentice? Team one would be Mr. Obama, Ms. H. Clinton, Ms. C. Rice, Mr. Al Gore. On the other, Team two, I would like to have Mr. McCain, Mr. Ron Paul, Mr. Hucklebee, Mr. Rommey. All proceeds would go to stop the WAR! to be continued, charitablechildcare@yahoo.com