This is not meant to help you but rather bail out the banks to stop the bleeding on Wall Street. Stop renting their overpriced homes….they own them, not you……you don’t own the home, they do….get it…..
They don’t want more homes on the market, they lose money like this… they want to work something out with you to keep paying the HIGH RENT (Interest)to them to alleviate more bad numbers killing their stock prices and executive bonuses….
Tell them to go screw themselves and foreclose, rent for free for 8 to 9 months, save your money, then rent a house for half the price down the street, fix your credit, then buy your house back at half the price of the loan they were trying to modify for you….
That’s my lifeline plan for PEOPLE, not the BANKS.
