Comments on: The Impact of Government Intervention on the Foreclosure Crisis http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/ Sat, 04 Feb 2012 19:57:02 +0000 hourly 1 http://wordpress.org/?v=3.1 By: denled http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-206022 denled Sat, 10 Dec 2011 22:18:13 +0000 http://www.foreclosuretruth.com/?p=1220#comment-206022 <strong>denled...</strong> [...]The Impact of Government Intervention on the Foreclosure Crisis | ForeclosureTruth[...]... denled…

[...]The Impact of Government Intervention on the Foreclosure Crisis | ForeclosureTruth[...]…

]]> By: Josefine Baik http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-60260 Josefine Baik Sun, 06 Feb 2011 19:39:27 +0000 http://www.foreclosuretruth.com/?p=1220#comment-60260 Hello! I just discovered your blog via bing. What a nice blog you have! I like it very much! Thank you for supplying such priceless service to the entire internet world! Hello! I just discovered your blog via bing. What a nice blog you have! I like it very much! Thank you for supplying such priceless service to the entire internet world!

]]> By: One Verifiable Outcome of Goverment Intervention in the Housing Market… | YvonneArnold.com http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-32584 One Verifiable Outcome of Goverment Intervention in the Housing Market… | YvonneArnold.com Sun, 31 Oct 2010 22:12:19 +0000 http://www.foreclosuretruth.com/?p=1220#comment-32584 [...] Foreclosure Radar: Government Intervention & Impact on Foreclosure Crisis [...] [...] Foreclosure Radar: Government Intervention & Impact on Foreclosure Crisis [...]

]]> By: Patty http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-15136 Patty Mon, 19 Jul 2010 15:24:47 +0000 http://www.foreclosuretruth.com/?p=1220#comment-15136 The Government should enforce the time lines for short sales, because as banks are running out of funds, and while the short sales take too long to get approved; the whole economy is being affected.. The programs set by the government do not work because people who work for the banks servicing the short sales do not know their own programs, and only confuse everyone else. One day a bank implements a new procedure and another day they someone else will say "No we do not do that." Someone should make all the guidelines the same and either it is black or white. stop confusing people. The Government should enforce the time lines for short sales, because as banks are running out of funds, and while the short sales take too long to get approved; the whole economy is being affected.. The programs set by the government do not work because people who work for the banks servicing the short sales do not know their own programs, and only confuse everyone else. One day a bank implements a new procedure and another day they someone else will say “No we do not do that.” Someone should make all the guidelines the same and either it is black or white. stop confusing people.

]]> By: David A http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-12525 David A Wed, 16 Jun 2010 15:38:18 +0000 http://www.foreclosuretruth.com/?p=1220#comment-12525 "A home without equity is a rental with debt." “A home without equity is a rental with debt.”

]]> By: Have Government Programs Worked to Help Homeowners in Distress? « San Diego County Short Sales http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-8344 Have Government Programs Worked to Help Homeowners in Distress? « San Diego County Short Sales Wed, 14 Apr 2010 12:16:37 +0000 http://www.foreclosuretruth.com/?p=1220#comment-8344 [...] According to ForeclosureRadar, they work to delay the inevitable, but not prevent the inevitable. Check out their evidence based analysis here. [...] [...] According to ForeclosureRadar, they work to delay the inevitable, but not prevent the inevitable. Check out their evidence based analysis here. [...]

]]> By: Dan Boor http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-8322 Dan Boor Wed, 14 Apr 2010 05:29:50 +0000 http://www.foreclosuretruth.com/?p=1220#comment-8322 Low inventory confirms the market is mostly made up of liquidators, not willing sellers. The results of unintended consequences by government action was proven by a study done by an analysis of 25 million people's FICO score by a major credit company which showed the main abusers of trying to get a loan reduction were the people with the highest scores. I believe our elected officials who were trying to show passion by eliminating the cost to people for the "debt relief" on their primary residence caused this continuation of short sales and foreclosures. Low inventory confirms the market is mostly made up of liquidators, not willing sellers.
The results of unintended consequences by government action was proven by a study done by an analysis of 25 million people’s FICO score by a major credit company which showed the main abusers of trying to get a loan reduction were the people with the highest scores.
I believe our elected officials who were trying to show passion by eliminating the cost to people for the “debt relief” on their primary residence caused this continuation of short sales and foreclosures.

]]> By: Patty http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-8237 Patty Mon, 12 Apr 2010 16:56:39 +0000 http://www.foreclosuretruth.com/?p=1220#comment-8237 I realize that this is a major crises and the truth is the problem is going to continue to get bigger and worse and is already causing a worse affect on the rest of the country. There is not enough man power to cut off this disease from spreading and causing more harm with all this toxic loans. For the people's best interest in this type of situation is to cut of the disease off and get rid off this through a short sale and buy the same home at 1/2 the price. Prices are not predicted to rise for the next 5 years. So I hope people also can see the opportunity and take advantage of this and just get rid of the home and start over, fresh with a better outlook for their future. The new"HaFa", program is clearly giving them an opportunity. ,People should take advantage of it. My recommendation is for people to get rid of their non performing asset. People pay nothing, so don't wait. Help yourself and your family first. Banks do not care for you or your family's future, it is the media that makes you think there is hope. The only hope is the one that you take action on. I realize that this is a major crises and the truth is the problem is going to continue to get bigger and worse and is already causing a worse affect on the rest of the country. There is not enough man power to cut off this disease from spreading and causing more harm with all this toxic loans. For the people’s best interest in this type of situation is to cut of the disease off and get rid off this through a short sale and buy the same home at 1/2 the price. Prices are not predicted to rise for the next 5 years. So I hope people also can see the opportunity and take advantage of this and just get rid of the home and start over, fresh with a better outlook for their future. The new”HaFa”, program is clearly giving them an opportunity. ,People should take advantage of it. My recommendation is for people to get rid of their non performing asset. People pay nothing, so don’t wait. Help yourself and your family first. Banks do not care for you or your family’s future, it is the media that makes you think there is hope. The only hope is the one that you take action on.

]]> By: Paul Anthony Kelly http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-8234 Paul Anthony Kelly Mon, 12 Apr 2010 15:53:15 +0000 http://www.foreclosuretruth.com/?p=1220#comment-8234 IT is apparent that these programs were initiated by either naive politicians, politicians who wanted some camera time or both. Every time a program gets rolled out, a temporary decrease in filings is seen. However you see that the activity comes right back up. 11.3% delinquent? Wow. It is hard to say it but the best course of action is to bite the bullet, which will lead to a faster recovery. The politicos would never let that happen though. They would be the ones blamed if this happened. People would only see 1 of 10 homes foreclosed, and panic would ensue. IT is apparent that these programs were initiated by either naive politicians, politicians who wanted some camera time or both. Every time a program gets rolled out, a temporary decrease in filings is seen. However you see that the activity comes right back up. 11.3% delinquent? Wow. It is hard to say it but the best course of action is to bite the bullet, which will lead to a faster recovery. The politicos would never let that happen though. They would be the ones blamed if this happened. People would only see 1 of 10 homes foreclosed, and panic would ensue.

]]> By: Short Sales and HAFA guidelines, plus an article outlining Government intervention in the foreclosure crisis « Contra Costa Short Sales http://www.foreclosuretruth.com/blog/sean/the-impact-of-government-intervention-on-the-foreclosure-crisis/#comment-8032 Short Sales and HAFA guidelines, plus an article outlining Government intervention in the foreclosure crisis « Contra Costa Short Sales Thu, 08 Apr 2010 19:09:17 +0000 http://www.foreclosuretruth.com/?p=1220#comment-8032 [...] Then, an article from the Foreclsoure Truth blog from Foreclosure Radar and it outlines The Impact of Government Intervention in the Foreclosure Crisis. [...] [...] Then, an article from the Foreclsoure Truth blog from Foreclosure Radar and it outlines The Impact of Government Intervention in the Foreclosure Crisis. [...]

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