Quote:
Originally Posted by Ghostdog
Sorry, but I have to disagree with the above statement, and why I am
doing that is because there is NO gradification. The only gratification
is that the Financiers should be the ones who say...Yeah this person is
qualified for the home starting program. AFTER they have did a major
background check, and the foreclosurers insn't really happening to these
first time buyers.
However, its happening to people who have had their homes for over
30 years, due to the high interest rates plus additional items being
added, and here in my area elder citizens is losing their homes because
of the high water & sewage bills being added to their property taxes.
This is a new City/County ruling thats been in effect since 2004. The
reason this happened was because the Water & Sewage bills was all
ways received late(Every Three Months) instead of once a month, but
once customers did get a water bill the Sewage rate is so high until
they was behind in payments. Then after the Tax payment is so high
the County steps in with a foreclosure.
Last Week a Woman with three young children losted her home be
cause of a foreclosure situation, but the killing part was she is the
one who is working, and she gave the money to her Boyfriend who
used the payments for something else. She was under the impression
he was paying the mortgage until the day the mortgage people came
out to her house with a eviction notice.
My agency has to step in to help find this lady shelter for her kids,
and the last payment her ex boyfriend disappeared. This is just one
of the many foreclosurer stories that can cause homelessness situations.
There is people with knowledge about buying a home, and is qualified
enough to handle mortgage payment. But that don't mean shit if the
payments are not paid. In closing I do agree that there should be a
way to prevent homelessness.
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You're talking about local taxes, water, sewage, etc. That happens everywhere. Here it was insurance and taxes causing long-time home owners big headaches.
Thats all sad and a terrible tragedy but there is not one person you can point to and blame them. The legitimate lender who enters into a contract with a home-buyer is not at fault if property taxes rise. The lender can't be responsible for rising insurance costs.
All the problems you mention are at the local level. The only ones you should hold responsible are your local officials.
The woman giving her mortgage payments to her boyfriend...well, there is certainly someone responsible for that...the woman and her boyfriend. How can that possibly be anyone elses fault?
Look, I hate for anyone to lose a house to foreclosure. My wife and I were friends with a couple that got into buying distressed properties. They tried to get us involved and were always bragging about the money they were making. They even tried to convince us how they were "helping" the people they dealt with by keeping them from losing the home to foreclosure.
I finally told them I wouldn't be able to sleep at night doing what they did. I found it dirty and pathetic. That was that. (Karma may have gotten them because we learned a couple years later they had gone into bankruptcy.)
I stand by what I said...educating people about buying a home and finances in general would be a great start. The govt, locally, should provide some assistance to help the truly needy eventually work their way into a home. Mental health services, drug counseling, Whatever it took.