It is highly outrageous what is happening in this country right now. Money is being poured upon the wealthy elite (banks, insurance companies, etc.) but for the people who need financial help, it is nowhere to be found. If you are unemployed, you can’t get even a small loan, and forget about a refinance or mortgage restructure. And now funds are supposedly available through some grant (as published in “that other paper” recently) to help prospective homebuyers purchase foreclosed homes in the Bend area, to try to raise property values. What a travesty. Where is the help for people whose homes are currently facing foreclosure, to help prevent them from joining the ranks of the homeless? And on top of that, the American people let themselves be railroaded by the insurance companies and mega-corporations into believing that healthcare reform was a bad thing. Even the most naïve should have pause to think that if the insurance companies and other corporations are against healthcare reform, it must have some advantages over the current system for the average person.
This article appears in Jan 28 – Feb 3, 2010.
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There is some help “out there” but it can be really difficult to find. Momma Knows Money does grant and assistance research for free to help anyone who asks find these resources.
Where is the help for people whose homes are currently facing foreclosure, to help prevent them from joining the ranks of the homeless?
You seem to forget that there is an in-between possibility called “renting.” When you “rent” you give someone money every month to live in a house or apartment that they own. There are properties to rent at various price points. If someone can’t afford to rent then there is no way they could have afforded a mortgage no matter how heavily it was modified. People have the right to have a roof over their heads. They don’t have the right to squat in a home indefinitely after they fail to live up to their end of a contract they signed.