“Who will qualify for a bail out?
Do you even need a job to qualify?
How does one apply for a bail out?”
THAT is what I am saying NOT everyone will qualify. My brother bought 2 houses(owns 3)during the last 2 years. I don’t know if he has the kind of “variable interest/teaser” loans, though I don’t think so. He is going to be upside down in the one he lives in, and the one he is selling that he just bought prior. I doubt he will sell it(but that’s another story). HOW could someone who bought more than 1 home in this market be afforded that luxury. NO WAY! Many people that will be facing foreclosure bought to FLIP! They can’t be saved! Look out for “The Fall of ’08”.