The Top 10 Foreclosure States (as of October)

Foreclosure

I really need someone to help me understand, why the government is so eager to help wealthy banks with their financial troubles, but not the average struggling tax paying citizen honorably battling for survival, whose money is used to save the banks!!!!!!!!!!!!!

ness lawrence of CA @ Feb 27, 2009 10:21:38 AM

REMEMBER THE 80.S ???????

WHEN WILL PEOPLE REMEMBER THE 8O'S....THE YEARS OF THE "YUPPIES"...THE ROLEX WATCH-BMW SYNDROME...DO YOU REMEMBER WHAT A BAD TASTE IT LEFT? YUPPIES SOLD THEIR BMW'S, TRADED THEIR ROLEX FOR A TIMEX OR ATLEAST A PULSAR....CAUSE NOBODY WANTED TO DO BUSINESS WITH THEM...HECK, I HAD AN OLD AQUAINANCE THAT CORRECTED ME WHEN I CALLED HIM "CHARLIE",HE CORRECTED ME THAT HE WAS NOW USING "CHARLES"....GIVE ME A BREAK MAYBE THIS RECESSION-DEPRESSION IS JUST GOD'S WAY OF SAYING "NOW HOLD ON BUDDIES,WE NEED TO REMEMBER THE GOLDEN RULE AND (LIKE I TOLD MY KIDS )---REMEMBER WHO YOU ARE----AND I DIDN'T MEAN THE ROCKEFELLERS..HA..HA.. BY THE WAY,THEY DID REMEMBER AND THEY BOTH HAVE FAMILIES AND RESPECTABLE JOBS............

SOMEBODY, LET ME KNOW WHAT U THINK !?!

TANNA DAVIS of TN @ Jan 21, 2009 21:35:10 PM

greed

i belive that we got here as a nation becouse we dont want to wait for the long tearm.we want it now creadit cardes small finace companys makeing to easy for people to borrow money realastate companys makeing ways for us to buy so they can get there money.these people win even if we lose. live within your means,save yor money pay as much down as possable if not all of it.do less running around and spend more time at home spend less money elesewhere.put you trust in yourself not the lenders.

of OK @ Dec 07, 2008 20:40:00 PM

Amen to Tommy

Tommy Leavitt,

Every word in your comments is so true. I can't add anything more to it.

We must become the change we want to see - Gandhi.

Regards

Rajkumar Alagesan of PA @ Nov 14, 2008 14:31:39 PM

Any surprise?

In the recent Presidential election, 8 of the 10 worst foreclosure states voted for Obama, only Georgia and Arizona went for McCain. Let's hope we all made the correct bet, but some things may be out of the control of any President after January 2009. The quickest way to stop the bleeding is to transfer titles to homes to a independent federal entity that will take the time to renegotiate the mortgages when all the actual owners are finally identified (thanks to slicing and dicing and selling the pieces off to various investors over the past decade). Meanwhile the owners become tenants until something can be worked out or the property is sold to a third party and the tenants are given 60 days to move elsewhere. Many people should never have owned homes and we have to get the entire housing market back to some equilibrium for the majority of owners not in financial distress. The bankruptcy laws also have to be changed to allow those courts to renegotiate mortgages. However, more job losses will add to the number of foreclosures over the next few years so this transfer/leaseback option may be the only rational means of maintaining stability for families, neighborhoods and communities for the next few years. We're all in together so we really have to drop all the grandstanding, finger-pointing, and self-righteous attitudes and see the big picture.

Peter Martin of AZ @ Nov 14, 2008 01:19:08 AM