Comments on: Bush signs housing stimulus bill

By: NAR Hopes to Work Closely with New Administration

NAR Hopes to Work Closely with New Administration — Tue, 27 Jan 2009 01:16:16 +0000

[...] happen and look forward to working with the Obama administration and Congress to quickly implement housing stimulus [...]

By: Dan

Dan — Sat, 02 Aug 2008 20:30:33 +0000

Hi, Clayre:

Thanks for your comments. I, too, am surprised by how many people think everyone who’s in foreclosure deserves what they get. I’m sure some homeowners were greedy. But I’m equally sure many, many more have just been misled by “professionals” who were supposed to have their best interests at heart. I know when my wife and I were applying for a mortgage loan two years ago, our loan officer kept trying to talk us into an interest-only loan. Thankfully, we resisted the temptation.

Dan

By: clayre rank

clayre rank — Fri, 01 Aug 2008 04:45:43 +0000

I’m tired of hearing that those in trouble with mortgages were greedy. We got 5 or 6 calls from mortgage companies every single day asking if we wanted to refinance our home. There were so many of them calling that I finally took my phone off the hook. And I know several young and dumb kids who got talked into sub prime loan with secondary loans. One friend got financed for 250,000 on a house appraised for 135,000. The greed was in the mortgage and real estate companies. In our area, now listed as the poorest in the whole nation, we suddenly had 48 Mexican real estate dealers who connived to sell huge new homes to poor immigrants who didn’t understand the system. since the crash they have all disappeared – turned out they didn’t have licenses. Arrests? No, no, no.