Two neighbors lost their homes to foreclosure this month. Though the banks say they will work with you these days it's not true in CA. There are too many investors lined up to buy any property they know they have a way to get and even make money on their bad loans right now.
One neighbor had been there 40 years. I'm not sure what refinance they did to still have a mortgage they couldn't pay, he still worked full time.
- Steve C, Team Marina
The banks have been caught red-handed turning people out of their homes even when they're *up-to-date* on their mortgages. And the feds seem to be doing NOTHING about it. At the time the US was bailing the financial industry out, I thought I saw the point because of all the jobs that depended on it. But after what they've done, with impunity, and then turning around and having NO sympathy or gratitude to the US public - fuck them. Let them burn.
- Spidra Webster
I'm sorry to hear about your neighbors. It's a hard experience. My sister is a paralegal working with commercial real estate. She's told me that FHA and Fannie Mae never supported refinancing of troubled mortgages, despite the government programs.
- Greg GuitarBuster