Why in the world don’t you people understand that it’s the banks and lenders that have been bailed out, not the homeowners. TARP was a bank bailout and HAMP is completely voluntary for lenders, they only agree if it’s best for them. I’ve been advised that the modifications just screw the homeowner, same with short sales. The lawyer that I spoke with told me that neither option is worth pursuing and that lenders try to write in recourse language. It’s just another banking scam.
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Well this is what I’ve been saying for months. No homeowners are getting “help”, the are getting screwed over again.
Hopefully the 10s of thousands, in SD, in the same position as bill are in, wise up and don’t take the help that everybody is complaining about
