STOP FORECLOSURE ! SELL YOUR HOME FAST!

Hello friends,

This week activity in the financial markets was shocking.  The Federal Reserve and the Department of treasury are handing out approximately $200 billion per day to the money center banks in the United States.  This is fine, if the government feels this will actually help the economy.  But the average observer like myself needs to look at this with a very skeptical eye.  After all, the United States government has continued to tell us that our country cannot afford health care for every American citizen.  Yet, about $3 trillion has been spent already on government bailouts of corporations that have mishandled their financial affairs and some cases may have been fraudulent.  So what’s really at hand here.

 

I really have to think that the United States government is simply in existence to help major corporations and major banks that are headquartered in the United States.  They really is no other reasonable alternative.  After all, there has been no substantial bailout of individual homeowners in United States.  Not don’t get me wrong, some homeowners are at fault themselves for Conti on risky mortgages and mortgage interest rates that had almost no ceiling as they continue to adjust upwards.  But big banks and financial institutions have been rescued again and again.  We even see Hank Paulson, calling a meeting with worldwide bankers in an attempt to halt the mortgage crisis.  So why is the government so aggressive in while leaving nothing on the table for the average American family.  The backdrop here is that unemployment is at a seven-year high and by all accounts will continue to skyrocket as 2009 approaches.  Yes, it seems the a global meltdown is upon us with no help inside to the individual homeowner, American families, or American workers.

 

Should we be mad as hell?  Absolutely.  But who should you be mad at?  Is a Congress for allowing Fannie Mae and Freddie Mac, almost unfettered discretion in the types of loan products, but they purchase, thus allowing the financial markets to become overly aggressive with 100% financing and no money down products?  Or maybe you should be upset at Fannie Mae and Freddie Mac themselves for not having the wherewithal to regulate their own conduct.  Given the fact that they are government-sponsored entities, a kind of quasi corporation, they should have been looking out for the American people.  But obviously weren’t.

So where does that leave you and I?

 

Well, if you’re one of the people, who is about to lose her home, but I’ll suggest a couple of things to you.  First, if you miss the mortgage payment, contact your mortgage company immediately.  As I said before, there is no one to help you.  You are absolutely on your own.  Speak your mortgage company and let the know the situation.  Perhaps they will work with you on a payment plan, or some type of recapitalization to help you save your home.

 

Now, what if you can’t save your home by talking with the mortgage company and you already late by two or three months with your payments.  I would suggest going to a web site such as www.cantsavemyhome.com

At least there you’ll have some hope. With Bush or McCain, there is no hope at all. That is painfully clear. Be sure to vote!!! Our economy depends on it!