21 Comments »

Brianna said:

In ignorance you believe you know that people chose to live badly. In ignorance you chose to judge a situation as a whole. In ignorance, you too shall learn.
I’d feel sorry for you, but looks like you are bringing on your own downfall in life. You will be taught… whether you learn the easy way or hard way is how you decide to live now.
One day when you need help, many will throw it in your face as if you did something wrong.
Me, i prefer to live in truth. Open your eyes. Even the government agrees we are in a recession. If people can’t earn money, how can they pay for their houses.
People like you make the world a much worse place.
- 26 September 2009 at 12:39 am
dingdong said:

I’m a little torn about this matter. I feel like there are people who were stupid getting a sub-prime mortgage when they knew their income was not sufficient, however I also feel for these people, bc they don’t really have any other option than to be in foreclosure. The bankruptcy law was changed in 2004 and since then they are allowed and able to seize all of your possesions and the only thing that it pays off is your credit card debt. So in reality, it’s better to struggle and be in foreclosure than it is to loose everything you have, esp. if you have a family! So yes most people are shmucks and want more than they can afford, but now even if they realize it, there’s nothing they can do to change it.
- 26 September 2009 at 12:44 am
josh_c said:

While I think it is good that lenders are taking heat over it, I honestly don’t see how people can complain about “predatory loans”. NOBODY that is being foreclosed on got into their house without SIGNING a document.
What is RULE #1? Read everything you sign.
And I understand that the economy is bad — when people lose their jobs — that I DO feel sorry for.
People complaining about the price of living going up, I have a really hard time feeling sorry for, because that means you were on the edge to begin with. Where were your savings? Where was your safety net? If you don’t plan for bad things, they’ll bite you and not planning for bad things is living outside of your means — even if you can afford it when things are going perfectly.
I feel sorry for people who have medical issues or lost their jobs. The rest, I don’t really feel sorry for at all and actually am somewhat angry towards considering they all played a LARGE role in our economy going to crap.
I saw a report on a lady making $70 grand a year with 3 kids and buying a $400,000 house with an ARM. She lost her job and is losing the house, but guess what, she was losing it eventually anyhow. I can’t feel sorry for her.
How can I legitimately feel sorry for those people when other families live in houses half the size and half the price cause they knew it was the right thing to do.
- 26 September 2009 at 12:53 am
Mando said:

I feel bad for the ones that were taken advantage of, were coerced to sign paperwork that was more than they could afford, and for the people affected by job loss and sudden unemployment.
What concerns me more is the effect this is having on the economy and what it will do to our nation in the long run. Which is why I think it is vital we get as much assistance to these people as possible.
The HOPE hotline (888-995-HOPE) is a great resource for those in need and for those who feel they might be facing foreclosure sometime in the future. I know in CA our governmnet has set up a resource website (www.yourhome.ca.gov) to help people.
- 26 September 2009 at 1:31 am
JM said:

i don’t feel sorry for the asses i know that are actually buying bigger houses cuz the market is down and letting the ones they owe now foreclose. yes that’s happening and i would love to smack those people.
i do however feel terrible for the people who were hardworking people who lost their jobs and couldn’t do a thing about it. i work in a suburb of metro Detroit and because the auto industry is down, i see a lot of people out of work. that’s who i feel sorry for.
- 26 September 2009 at 1:51 am
Marissa C said:

nope your not alone. I mean it really sucks and stuff that they have to go through that but its their own damn fault for the most part. People need to learn to watch their money and not spend it on stupid stuff they dont need. Im 18 and i know a few of my friends who already in debt! they arent even in college yet and they own the bank money! learn to watch your money. You dont need to go buy a new car or get a whole bunch of new clothes. Live with what you have and be happy with that. Save your money for retirement
- 26 September 2009 at 2:34 am
rws68 said:

They lack getting my sympathy but certainly have my prayers. The old joke about the difference between neurotics and psychotics, the former builds castles in the sky and the latter moves into them.
So the bubble has burst because a lot of folks were living in these castles in the air, made possible by bountiful and creative mortgage financing. They bent rules when the lenders suggested they do so. They falsified income, job titles and credit history. They took loans with balloon payments coming in five years and gladly believed they could qualify for re-financing at that time. They couldn’t because this time someone looked closer at their income, jobs and credit. Somewhere between wanting the American dream and the castle in the sky they were detached from reality.
Every time I hear someone say the government should help them I wonder two things. First; who do you thing the government is? We the people remember WE PAY TAXES EVERY TIME WE “HELP” SOMEONE OUT. and the second thing I wonder is; where is the justice for those who sat this out? They paid their mortgages, made their budget work and then got taxed higher to “help” out those who waited on the government.
The bottom line is simple our resilient and prosperous free society is built on law and personal responsibility. When you shortcut anything in life you learn the hard way that pain is a normal part of life. The pain of acknowledging you did something wrong always hurts the most
- 26 September 2009 at 2:49 am
Steven B said:

I blame it on the lenders who wanted to make a gazzillion dollars during the housing boom knowng a family makeing 50grand a year combined would be able to afford a 400k home. yet the lenders did it.
I also blame those that do make that income thinking they could afford it.
I don’t feel any sympathy for those who knew dam well they could not afford it yet got talked into it by lenders. Now its all come full circle and bit them in the ***.
- 26 September 2009 at 2:57 am
CHER said:

Owning a home is one of the American dreams that a lot of people would not have had without “creative financing” the realtors and bankers capitalized on the many ways a person could afford to buy and as long as they make thier money from these sales who cares about what happens to the buyers down the road. So my views on this subject are if a bank gets stuck with a home because of foreclosure then they deserve it. My hearts go out to all the families that have lost thier homes..not to the bankers
- 26 September 2009 at 3:32 am
**leigh* said:

i guess in a way, you’re right- they took it upon themselves to sign the paperwork stating what they’re rates would be and what their payments would be-
but I still feel sorry for them because its obvious that they were lead to believe that the adjustable rate wouldn’t go up too high- or that they can refinance soon- all for the mortgage companies to make their money.
some people are so happy and desperate to get into their new houses- that it clouds their judgement of these people….
its sad- but it’s both their faults.
- 26 September 2009 at 3:49 am
bewitche said:

First hand info. There are circumstances ie accidents,that make it impossible for a person to pay their mortgage. The owner might be physically and mentally – irreversibly unable to work. The sole occupant, older , not able to work. The house does not sell or rent before foreclosure date. The person has no place to go.
- 26 September 2009 at 3:56 am
TWilliam said:

I am sorry for those you made a mistake and ended up in a bad situation as for the others if they were living irresponsibly then they have to face the consequences. Overall, I hope they don’t end up in too much financial difficulties.
- 26 September 2009 at 4:18 am
lostinsi said:

I’m with you! They knew or should have understood that their mortgages were going to go up, if they didn’t, well, you have to pay to be stupid! They brought it on themselves! I do feel sorry for the people that lost their jobs or got sick and now can’t sell their homes. It’s the people that tried to buy a house when they knew they really couldn’t afford it, that upset me!
- 26 September 2009 at 5:02 am
Andrew V said:

many people are going into forclosure because the cost of living has gone up, and gas is insanely high. believe me when i say i know. i lost my house. currently working very hard to get back into it… but to support the family, the house was just the thing that upset everything. not stupid desicions. its just that we could barely live and scrape along a few years ago. but with the combo of gas, food, kids, etc.. yeah.. its not good
- 26 September 2009 at 5:49 am
ilovebob said:

I do have sympathy for the ones who HAD to do it. My mom was widowed so she didnt have enough money for the house payment, plus my dad left ALOT of debts (alcholic drug and gambling addict) so she had to file bankruptcy.
- 26 September 2009 at 6:37 am
David H said:

I completely agree. But they are not the only ones to blame.The mortgage companies that approved all their subprime mortgages are also heavily at fault. They took advantage of people’s desire to own a home as well as their desire to make a quick buck.
- 26 September 2009 at 7:23 am
~*lil jordy*~ said:

I feel sorry to a certain extent. Like you said, those rare cases. Some people get what they deserve. I can’t feel sorry for someone who couldn’t get there lazy but up and get a job… or bought a house they cannot afford.
- 26 September 2009 at 7:49 am
TRUTH IS RELATIVE said:

Have you not made mistakes before? Have you ever been put in this very difficult situation? Do you have proof that all for-closures are because of stupid decisions?
- 26 September 2009 at 8:26 am
♥HEARTS 808's KIDDO♥ said:

Some were Irresponsible. Some were Gullible…But most just had high hopes and wanted the American Dream…Try to show some compassion and stop being so Judgmental.
- 26 September 2009 at 8:35 am
fred d said:

ur like most people. until it affects u, u dont care.
- 26 September 2009 at 8:39 am
mcdannel said:

As a society we have become so desensitized to such things, situations.
Such as a couple on tv not long ago who was living in a million dollar home and there condos (which they owned too) were being foreclosed on.
These are not the “normal” hard working individual who got scammed by greedy builders,loan institutions and live in the home.
We know someone who can not afford to get a divorce, the estranged (legally separated) wife has everything, house included. She lives there free, the husband can not afford to give her the lifestyle she is used to and the house is in foreclosure…..
Another couple we know neither one work, the mother bought the house where they live free. On welfare and afraid there brand new home is going to be taken away for the mother just can not afford the huge payments.
Yet another person here had to move into a home that he feels is way beneath him for he could not afford and took what was offered (way below what it was worth he says) home on the beach .
What we do not understand is why people do not live within there means? If one can not afford where they live, then they can not afford it.
Though there are some people who’s job changes, layoffs,dreams of better opportunities to come, death in the family (women and/or kids usually left homeless or struggling), or people as I said fall for scams ie balloon payments etc..
I do feel for these people, however sometimes it takes a little digging by me to feel for some of these people. Specially when people down our little crappy place that is paid off and we owe nothing on……We know no one is going to take our place (we never will be homeless, or worried about where we live), unlike these other people…..
Live within peoples means and hope you never have a natural disaster which takes everything.
- 26 September 2009 at 8:50 am

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