http://www.consumerwarningnetwork.com/2009/08/31/home-loan-modification-run-around-continues/
The foreclosure help run-around, as we call it here at the Consumer Warning Network, continues to rear its ugly head. For more than a year, we’ve told you about homeowners facing foreclosure who can’t get their lenders to work with them. We had a flash of hope with President Obama’s new Making Home Affordable program, but so far it’s been a disappointment. CWN’S Angie Moreschi was interviewed about the “Foreclosure Help Myth” in this in depth report by CNN’s Jessica Yellin.
Duration : 0:3:57
Who’s gonna bailout …
Who’s gonna bailout homeowners if Obama and his henchmen are instituting a “Bad Bank” slush fund to hide their real losses?
A “Workout” mean actual accounting. To do a workout, wouldn’t banks have to re-write their books to reflect “worked out” mortgages that have probably already been “securitized” and “derivative-ized” packed and sold over and over on the “Black Market” aka the “Secondary Market”.
You better make them “Produce The Note” or become homeless.
This is not a drill folks.
Gov’t creates the …
Gov’t creates the problem and gov’t “solutions” just make it worse.