As if homeowners facing foreclosure are not under enough stress, people from both ends of the political spectrum have been quick to blame the current economic crisis on people who are in trouble. Kelsey Grammer calls them evil-doers. Rush Limbaugh calls them losers. President Obama says they got mortgages they knew they couldn't afford.
As an agent who has worked with several distressed homeowners, I can tell you that at least for my clients, none of these ridiculous charicatures are true.
I guess we expect that they should have had a crystal ball and predicted an economic downturn that would eventually cost them their jobs, cause their homes to lose value, and make it nearly impossible to re-finance out of their adjustable rate mortgages. This in spite of the fact that very few people in government saw this coming.
I, for one, am very tired of the name-calling. When did it become fashionable to kick people when they're down? Enough, already!