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matt

6 months ago

in Finally, a Bailout for Homeowners? on The Washington Independent
I don't know much about how economics or anything like that works, but I do know that I am 4 mos. behind in my house pmt.( I bought the house when things were going good for me, now everythings been going really bad for the past 2 yrs.), I would think that instead of the government giving away money to huge corporations, just to make it not hurt so much WHEN they foreclose, wouldn't it be better to pay someones mortgage payments to get them up to date, then the homeowner keeps their house, and the lender gets their money? Maybe the government could pay half due and give lender the other half in tax credits?

I understand that alot of people have fallen on hard times, but if everyone looses their homes, then what? Isn't rent usually more than a mortgage? how many are going to be homeless?(then who pays?).
I know im getting sick of no heat in my house(couldn't pay gas bill), and sick of electric shut-off notices every few weeks.
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