The Calif. Legislature OKs homeowners' bill of rights yet, another homeowner - half measure - rip-off.
Reposed homes - on the
average - sell for half of what homeowners owe. So why is that cut in equity
not passed on to homeowners? As lenders continue to profit in the trillions,
the government keeps encouraging repossession instead of helping homeowners stay
in their homes with reduced loans, and payments that reflect what would be paid
by buyers that buy the reprocessed home.
Some might say: What the
heck, the government should help people stay in their homes? Yes, THAT IS THE
BILL homeowners need! A to stay in their homes: a forgiven equity bill due to
loss because of lending institutions rip-offs.
Homeless people cant’s work or pay taxes.
Homeless families cannot forge ahead. Tax revenues should not be used to
support white crime. People need jobs to pay their mortgage. Mortgages and
payments need to be reduced to reflect the job market. Taking homes and jobs
from people cannot be rewarded. Job loss is due to corporate greed outsourcing
and insourcing.
The financial industry made
like bandits on the backs of homeowners, and now the government keeps rewarding
them! People are thrown in jail for stealing, but corporations go scot-free for
ripping people-off?
