money and asset save them before crisis! -
06-13-2008
Foreclosure is high because lot of people default on home mortgage because they lost their job and can't find new job, it is really hard to find new job that pay a lot of money to handle all financial obligation.. you know all people have some financial obligation I as well you and your friend family relative have financial as well other obligation that we need to pay in order to stay current , we can't default on payment and we need to take care of our money and financial life! it time to start care about money and asset!
Another reason foreclosures are up are due to the loans of interest only, that people took advantage of. Once the three years of interest only was up, their mortgage doubled and they could no longer afford it. I blame it on the loans that were made to entice people who could not afford a home to buy one.
Many people are suffering with financial problems with no where to turn. People try to get jobs but there is little out there. The lucky ones that do have a job might not be making enough to pay all their bills.
All of this is terrifying. I wonder if we're heading into a depression of some sort.
I hope the government will open their eyes and see how the citizens of the US are having these problems. I tend to doubt if the government really cares. The politicians have their jobs, food, health care and many other things that we don't. No one cares about us.
Foreclosure is high because lot of people default on home mortgage because they lost their job and can't find new job, it is really hard to find new job that pay a lot of money to handle all financial obligation.. you know all people have some financial obligation I as well you and your friend family relative have financial as well other obligation that we need to pay in order to stay current , we can't default on payment and we need to take care of our money and financial life! it time to start care about money and asset!
Yes, everybody has finincial probelm and I think I am the one who has the big probelm.
This is not surprising. The mortgage industry spent YEARS giving poor mortgages people who shouldn't have qualified for one. Now, it's coming back to bite us ALL on the butt.
Foreclosures Up Almost 50 Percent -
06-13-2008
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