Help for distressed Homeowners?
March 14th, 2008 categories: Real Estate News
“Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged today to do all that is possible to help struggling homeowners.
The Fed is “strongly committed to fully employing our authority, expertise and resources to help alleviate their distress,” Bernanke said in a speech to the National Community Reinvestment Coalition’s annual meeting here.
So tell me why I met with a lovely family today looking for a rental home- a very nice home-but a rental. They have tried to work with their lender to no avail.
Yes they are losing their “dream home”- in a community of new homes with a 70% vacancy rate.
Where is the help and how long will it take for banks to wake up and truly help homeowners that, for what ever the circumstances they have fallen on difficult times, keep their homes.
So to the lenders and banks- enjoy your new foreclosed home, that is overgrown with weeds, longing for the family that left and the lovely green pool that Sheriff Joe is looking for.
