Homeowners re-defaulting after getting aid

[sahd2one]

You're a freakin hero!

If your username is accurate you aren't gainfully employed either!

Sorry but I am, and have the luxury to both work at home and stay at home for when my child gets home from school. But thanks for the snarky personal attack.

 

[ntsammy5]

You're welcome!

 

[minniecarousel]

Read up on history and see how they did in the 30's even with the Dust Bowl. So many left with only the clothes on their back. They created new jobs, found new opportunities.

Oh, for criminy sakes! This is NOT the 1930's! You won't be satisfied until you see the unemployed load up the suburban with all they can fit into it and travel the country looking for a "better place"?

get real!!

Many folks are in dire straits, by 21st century standards. Yes, people have to learn to live within their means - yes, many people made stupid mistakes and were too materialistic. That doesn't mean they have to become vagabonds.

 

[Kathi OD]

Nope I started this thread about the number of re-defaults rising after getting "help".You went on and on to tell us there was no opportunities or work out there. I am telling you there is. I see it happening every day where I live.

I know a man who retasked his business and is doing quite well. Sorry, but some of us are just refusing to participate in the recession.

Evidently there are lots of opportunities where you live. Please tell us all where that is so we can all relocate and refuse to participate in the recession along with you.

 

[Missy1961]

Read up on history and see how they did in the 30's even with the Dust Bowl. So many left with only the clothes on their back. They created new jobs, found new opportunities.

I really feel so sorry for those who see no hope through the blindness of despair. Even Mr. Obama said there is that Big Idea out there in some news conference last week. It is going to take sacrifice, which sadly so many are not accustomed to doing.

You mean President Elect Obama, right?

And you do know that unemployment stats count people who are getting unemployment, right? After awhile, people don't get it anymore. And it doesn't count the people trying to get into the job market--the college grads, the person who retired but his pension/retirement fund has shrunk, the stay at home parent. So that 7% could really be a bit higher.

 

[sunnyday123]

The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend.
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And I don't suppose he bothered to see if any of these people still have jobs anymore..

I think I'll wait to hear the whole story before I come on here and start yet another thread of, "See? I told you so!!"

A little less time searching endlessly for these type of topics to prove your "points" - when you don't have all the info - would be a nice change, don't you think?

Well said. I know of someone who's loan was "restructured"-he couldn't afford $1400, so now his payment is $1800!!!

that'll work.

 

[C.Ann]

Evidently there are lots of opportunities where you live. Please tell us all where that is so we can all relocate and refuse to participate in the recession along with you.

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Never happen.. He'll be "outed" and won't be able to continue to insist that his town is "booming" - with opportunities galore.. If he can't/won't reveal his whereabouts - even in general terms - his statements are baseless and must be presumed to be false.. If they weren't, he wouldn't be afraid to state where this "Land of Opportunity" is..

 

[Planogirl]

Back to stirring the pot are you? OK....

Someone earlier posted that the bailout money hasn't been used for this yet. I didn't see you respond to that. Also, not everyone in trouble is losing their job. Many are losing hours instead. Yep, they still have jobs but making less money does make it a bit tougher to pay the bills.