y receive around $1,800 and not
all will even qualify for that.
The so-called principal write
down sounds great, but if you are upside down by hundreds of thousands of
dollars, which may be the case here in Florida,
the write down will not impact you enough to help.
Of course lost in all of this is
any official acknowledgement of wrong-doing by the lenders. If the average person would have perpetrated
a fraud, even on a less grander scale on the public, government and court
system they would be in jail for a long time.
Yet the executives at these lenders will get away with just signing over
And truly, where did that money
Did part of it come from the TARP
funds given to them from the Federal Government at 0% interest that were
invested and factored and then paid back out of the profits they made with
Bottom line is, if you are behind
in your mortgage you should be pro-active and contact a real estate or legal
professional about planning the best strategy to avoid foreclosure.
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