Homeowners and the Government Play a Part in Foreclosures
Art Fried explains the whole picture of the government. When the country was in a panic, banks were going bankrupt, foreclosures were happening so frequently that it almost got to be a normal thing instead of a tragedy, people were out of work, the economy was in the worst shape since the great depression and unemployment was hitting double digits which is just unbelievable in modern times, what did the government do? They reacted in typical government fashion – they threw a whole bunch of money at it and got the Media off their backs and onboard to carry the message that the new administration was stepping in to save the day and clean up the mess from the last administration. As most people are aware, the goverment had the money available and had an outline of a way to help the homeowner. They offered free advice and help but kind of forgot they not only did not have the people available to man those positions, they also forgot that they had to be trained before they would be effective, exclaims Art Fried. To make things worse, they did not have a way to monitor and manage this new program and instead of figuring that out, they turned it over to the same people that they just bailed out, the banks and lenders. They offered to pay them a fee for each Loan Mod they processed and had all this money supposedly available to help but they forgot one small little minor detail… they forgot to ask one simple question, “What is in it for the banks?” To get expert advice from Art Fried, visit www.webuyhomesinaz.com Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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