How many of the people whose homes have been foreclosed on are people who could no longer make the payments because the bank chose to use their option to increase the interest on the mortgages? And of that number, how many would have been able to continue to pay the mortgage based on the lower interest rate? I ask because people keep complaining about the borrowers who failed to keep up with their payments and were consequently foreclosed on; but I wonder if our economic status would be a bit better if these banks had simply decided that some mortgage, at least for now, was better than none?
Posts You May Be Interested In
A friend sent this to me..As far as I can see, grief will never truly end.It may become softer overtime, more gentleand some days will feel sharp.But grief will last as long as Love does - ForeverIt's simply the way the absence of your loved onemanifests in your heart. A deep longing accompaniedby the deepest Love some days. The heavy fog mayreturn and the next day, it may recede.Once again, it's...
Today is my 25th birthday, to my somewhat lack of surprise I can see already no one really seems to care. I've always been the kinda person to make sure that everyone I Care about feels appreciated and knew somebody had their back. I can count 4 times this year when I Went out of my way to make sure a "friend" felt good on their birthday, especially if they got left hanging. Its early in the...