I am a mobile notary public and have a great concern with the Americans in foreclosure. The government is now going to bail out the lenders. What about the people, individuals, mortgage brokers and real esttate members who have tried so hard to help the Americans to have a home. Where is the government for the people, not just bailing out the corporate companies, lenders etc.
Any Comments? I am one who is suffering from this dismay.
Karen Curran
Karen,
Recent news articles are stating that Congress is working on a bail out for many homeowners. The deliberation is on how to make it work. Bailing out the lenders comes by way of buying the loans that are going to be foreclosed on. This IS helping the homeowners.
See this article: http://www.msnbc.msn.com/id/26835745/
Here is an excerpt from the article:
Frank said he and Paulson had agreed to create a congressional oversight board as part of the bailout and to require that the government come up with a plan to avoid foreclosures on any mortgages it acquires in the rescue. A government official with knowledge of the talks confirmed the administration backs those provisions.
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