How to Avoid Foreclosure All by Yourself - No Bailout - No Help For Homeowners
There is still not talk about help for homeowners to avoid foreclosure. Now it seems like you should find out how to avoid foreclosure all by yourself. Keep reading, I will give you some clues about what to do, but before is good to understand what really is going on here?
Real State Developers are now in turn, asking for a bailout. Insurance Companies, and State and Local Government are getting in line as well for a bailout. But nothing is moving regarding millions of homeowners who are trying to understand how to avoid foreclosure on their own.
I'm amazed to see how the taxpayer's money is being handed to banks and financial institutions with basically zero accountability. These people just don't seem to get it.
On December 22nd, after rumors of that the Banks are still dropping millions into their CEO pockets, the associated press started asking the banks that received money as a part of the 700 bailout package what have they done with the money so far? All of them declined to comment. Of course they are not trying to find out how to pay their bills or how to avoid foreclosure; they are just worried about their big fat checks.
Not a single foreclosure assistant program that really works for homeowners who just want to know how to avoid foreclosure is even considered at this time. This is outrageous if you think that the root of the problem is probably originated in the housing market.
Maybe the same CEO's that are still putting millions of our money in their pockets are in big part responsible for this whole economic and financial mess, by providing mortgage loans to people who evidently would not be able to pay for their mortgage, and they are still profiting from their mistakes, with the difference that now they are using money from taxpayers.
This is the last blow for the American people. The banks are using the bailout money in any way they want. I always believed that if the Government had used that money to buy trouble mortgage directly from the banks, then, refinance those mortgage to the homeowners, at a very low interest rate, they would have fixed the whole mess even before it had started.
By doing that, they not only had fixed the financial crisis, by putting liquid cash in the Banks, but they would have resolve the mortgage and housing crisis as well, but our government decided for us to go the other way around. Neither of this problems seems had been solved. Now millions of more homes are lost, and homeowners are still struggling to find out how to avoid foreclosure.
Homes keep being foreclosure by the thousands. Existing home sales fell again 8.6% for the month of November, while the GDP (Growth Domestic Product) tell 0.5% for the last quarter; this is the basic indicator that the economic is really in bad shape and worsening.
On the other hand, the ridiculous Mortgage Assistant Programs the Government has put in place so far had just helped less that 1% of the homeowners in trouble. They come with some many strings attached and so many requirements to qualify for this programs that they end up helping almost nobody.
Fortunately, they are many things you can do if you are trying to find out how to avoid foreclosure. Yes, you can stay in your home for over 24 months even without paying for any mortgage monthly payments. There are many different strategies to delay the foreclosure process for many, many months, but of course the banks do not want you to know this.
To understand how to avoid foreclosure effectively, you need to know what to do, how to do it and how to react to every situation. You do not need to pay high fees to lawyers; once you know how to proceed you can do this easily all by yourself.
How to Avoid Foreclosure All by Yourself - No Bailout - No Help For Homeowners. Retrieved January 16, 2009, from http://ezinearticles.com/?How-
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