Comments for Foreclosure Living http://www.foreclosureliving.com Resources and advice for a good life after foreclosure Fri, 10 Sep 2010 23:59:41 +0000 http://wordpress.org/?v=2.7 hourly 1 Comment on 4 Tips for Returning to Renting After Foreclosure by Foreclosure Forbearance May Become Priority for Bailout Cash | Foreclosure Living http://www.foreclosureliving.com/2008/12/13/4-tips-for-returning-to-renting-after-foreclosure/comment-page-1/#comment-3 Foreclosure Forbearance May Become Priority for Bailout Cash | Foreclosure Living Fri, 19 Dec 2008 23:57:29 +0000 http://www.foreclosureliving.com/?p=42#comment-3 [...] Depending on when and if this bill is enacted, you may soon get Federal help to avoid foreclosure if you’re still in a pre-foreclosure situation. If you think you need help sooner, you may want to check out the Web site sponsored by the Homeownership Preservation Foundation on this link. If you’re past that point though, be sure to check out some of our information about transitioning back to the rental market. [...] [...] Depending on when and if this bill is enacted, you may soon get Federal help to avoid foreclosure if you’re still in a pre-foreclosure situation. If you think you need help sooner, you may want to check out the Web site sponsored by the Homeownership Preservation Foundation on this link. If you’re past that point though, be sure to check out some of our information about transitioning back to the rental market. [...]

]]> Comment on Foreclosure Forbearance May Become Priority for Bailout Cash by Alexis McGee http://www.foreclosureliving.com/2008/12/16/foreclosure-forbearance-may-become-priority-for-bailout-cash/comment-page-1/#comment-2 Alexis McGee Thu, 18 Dec 2008 00:35:49 +0000 http://www.foreclosureliving.com/?p=75#comment-2 Yes, it is important to keep people who can still afford the original loan payment in their homes. But they represent only half of the problem. The economic conditions are causing more and more people to lose their homes because of income reasons. These people need to be able to get to affordable housing while gracefully leaving their current homes. This is where Sheila Bair's 4.5% purchase money loans would help. Many of the troubled homeowners will be able to get to smaller, more affordable housing under the plan. Focus has been on those affected by reset payments -- less and less as rates come down. It is the homeowners who no longer can make the interest payments let alone any principle who need our focus now. Yes, it is important to keep people who can still afford the original loan payment in their homes. But they represent only half of the problem. The economic conditions are causing more and more people to lose their homes because of income reasons. These people need to be able to get to affordable housing while gracefully leaving their current homes. This is where Sheila Bair’s 4.5% purchase money loans would help. Many of the troubled homeowners will be able to get to smaller, more affordable housing under the plan.

Focus has been on those affected by reset payments — less and less as rates come down. It is the homeowners who no longer can make the interest payments let alone any principle who need our focus now.

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