We know that they are not going to pay any ones mortgage but consider this. The amount of money in the stimulus package could payoff the mortgages for 90 million Americans. In fact don't expect to get any cash as a home owner it will be consumed by banks, who are not actually loaning money at this time, unless you pay a bunch down and have a good job.
Consider these problems.
1. If some one is out of a job, (7.5%) of Americans right now, they are not going to finance a home for you.
2. If you don't have 3.5% down they will not finance a home for you.
3. If your overloaded with credit card debt, they are not going to loan you money.
4. If you have to many car payments they are not going to loan you money.
5. If your late past 30 days on any payments, they are not going to loan you money.
6. If your unemployed and cannot buy a home what good is a $15,000 tax credit for buying a home.
7. If your unemployed and cannot buy a home what good is a $4% loan for buying a home.
8. If your unemployed what good is a $15,000 tax credit for buying a home if your not paying taxes due to no income.
9. If your a banker living on bail out money because you managed your business poorly, they will loan you money.
10. If your a Car Company Executive living on bail out money because you managed your business poorly, they will loan you money.
11. If you want to buy a foreclosure, you will have to put up $1000 ernest money.
12. If you want to buy a foreclosure, you will have to buy it as is.
13. If you want to buy a foreclosure, you will have show proof of funds.
14. If you want to buy a foreclosure, you will have to accept is as if, even if you find black mold.
15. If you want to buy a foreclosure, you will have to close on time or pay the bank $100 a day.
16. If you want to buy a foreclosure, you will have to accept it without a sellers disclosure!
17. If you want to buy a foreclosure, you will have to wait weeks for an answer to you offer.
18. If you want to buy a foreclosure, you need to have your head examined or make a low ball offer and make it cash.
Write your Senator and tell them that jobs and income will defeat the recession, tell them to get real, put themselves in the place of some of these people and ask how they would react to a so called stimulus bill that again only helped those who have money. When a person is naked standing on the top a a mountain in foot deep snow, can they be motivated with money or a blanket to take care of immediate needs.
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