tag:blogger.com,1999:blog-11666785.post6862304265671814158..comments2023-10-19T10:37:16.162-04:00Comments on Randy Barnett: Foreclosure reliefRandyhttp://www.blogger.com/profile/16477949304113673930noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11666785.post-22957240743318880952008-03-14T08:45:00.000-04:002008-03-14T08:45:00.000-04:00Chance, I agree, those who have no control need ...Chance,<BR/> I agree, those who have no control need some help. A leg-up if you will. Unexpected medical expenses is a major cause of these issues.<BR/><BR/>As for sub-prime loans, I don't like that title, but it is what it is. In some cases, it allows people to get a loan who otherwise wouldn't be able to get a loan. Our nation has enjoyed a lot of prosperity because of the easy credit that is available. Now it's time to pay the piper.<BR/><BR/>It's just a matter of who pays.<BR/><BR/>Thanks for stopping by. I've enjoyed your comments on Neil's blog and now I'm enjoying your blog as well.Randyhttps://www.blogger.com/profile/16477949304113673930noreply@blogger.comtag:blogger.com,1999:blog-11666785.post-89201418635671088752008-03-13T10:36:00.000-04:002008-03-13T10:36:00.000-04:00Hi Randy,I'm mostly sympathetic towards those who ...Hi Randy,<BR/>I'm mostly sympathetic towards those who are going through foreclosure because of circumstances outside the mortgage, i.e. losing a job, sudden medical bills, etc... I feel that those who got an ARM should have known what they were getting into, and should have budgeted for the worst case scenario. <BR/><BR/>I do agree that contracts just shouldn't be ignored and reward those who made bad decisions. <BR/><BR/>I'm not sure how I feel about sub-prime loans. In a way, it is predatory on the less fortunate, but at the same time, it does give people somewhat of a second chance. But I do know this, ultimately it's an individual's responsibility to know what they can actually afford, but subprime or not, I think banks need to do a better job of evaluating what people can afford, and that's part of the problem.<BR/><BR/>Thanks for stopping by my site.Chancehttps://www.blogger.com/profile/09715105658994917163noreply@blogger.com