Foreclosure Settlement Imminent?

Oh Baloney! Nobody Bailed Me And my Family Out back in the 80's when Unemployment was 8% + and we Lost our Home!
Why should they do that now?

And Sticking everyone else ( 90%) of the Rest of the Taxpayers to pay the Bill?

That's Baloney!

If The Real Estate Builders and all connected want these Homes Debts Paid off? Let them Pay it! THEY'RE the Ones who made the money from that scam!
And how about getting all those Commissions those Brokers and RE Agencies Made on these Deals?

This is just a BAIL OUT to all of them, on the Taxpayers Dime! They ought to Tell us How much Taxes are Going to have to Be Raised to pay for this Deal.. Then see if it Fly's or not..!

I didn't buy no Home for Little or '0' $ down and cry poor mouth when it dropped in value and now isn't worth paying for by Over Financing It! Why should I and others Like me Pay for that? I bought my Home with 20% Down and the Mortgage wasn't more than 25% of our Income...

You can go Bail out Only Those People that did the same..but the rest? Forget about it!

and Why Aren't they required to File Banktruptcy if not paying on their homes vs Just walking away from them?
What's to keep them from doing this again, in the future?

aND WE HAD SOME BUY HOMES IN OUR NEIGHBORHOOD AND NEVER HAD THE $ TO TAKE CARE OF IT OR THEIR YARDS.. and let the places run into the Ground!

THERE HAS BEEN A REASON ONLY SOME 33-50% OF PEOPLE CAN OWN HOMES!

Absolutely correct,gdwn, the banks are to pay as well they should. This was a completely different situation than the '80's.

We prepare tax returns and when settlement sheets were forwarded with the tax year information, it became perfectly clear the scam the banks pulled. People were granted loans that they could not possibly afford and were trusting the banks that they could. It was false salesmanship. With no doc loans, families were shown on these contract making $10K a month when in reality they actually grossed $40K PER YEAR!

They got us in this mess and they need to get us out. They received a large bailout and are still holding the monies and holding tight instead of leanding it out. ABSURD!!!

Until this foreclosure crisis is ceased NOW, this economy will never enjoy A REAL RECOVERY rather this ongoing recession that most are still going through. This bleeding HAS TO STOP!

Just think... who is the ones profiting from the banks getting bailed out, and then forclosing too...ummmm let me think... oh yeah, the republicans with the money invested in the banks and the stock market, that were very much represented in the congress that voted to bail out the banks! The tax payer will never be represented properly by the republican party, they are too busy counting their money and trying to find ways to double bill us on our necessities, or find an excuse to gouge us at the pumps.

Another fleecing of the American public by our government. Jail the thieves and strip them of their businesses and monies. Time to play fair with us citizens as nothing else will do. If not we have no government.

Our government has secretly sold off all the gold in Ft Knox since it was last seen in 1973. And its technically not even a crime.

This is what Occupy Wall ST is all about !!! Pull your money OUT OF THE BANKS and put it into the CREDIT UNIONS. Also, STOP PAYING YOUR TAXES!!!!

DONT KEEP GIVING YOUR HARD EARNED MONEY TO THE GOV SO THEY CAN BAILOUT BANKS AND BANKS CAN SCAM US OUT OF OUR HOMES. NOW THEY ARE GETTING BONUSES!!! That's our money!!!!

My lender Wells Fargo, after falling behind on my mortgage 15 months, ( I tried making it current after 5 months by increased mortgage payments by $500.00 a month but they wanted all or nothing)I went to Community Housing Works, (an excelent gov. org.)that assisted and concluded I qualified for a loan modification.They sent the application with the hope of favorable results.Not the case. Wells Fargo wanted something else,I give it, then it's something else. I can understand wanting proof of income and I was in the proccess of verifing. I brought it CHW to submit to Wells Fargo on the Thursday of the power failure and the next day,(Friday) Community Housing Works was closed because the Fed was cutting back on programs.After the weekend,(Monday) my rep from CHW was at a different branch.The info Wells Fargo requested was sent on Tuesday. What gets me is Wells Fargo said they were working on a modification. On the Trustee sale date I recieved a letter from Wells Fargo saying my request is under review. It was sold on that day. That is (to say the least)a bummer!

Is this of any benefit to those of us who have already lost our homes to foreclosure? I lost mine in July of 2010. My lender was Indy Mac.