Is This All Smoke And Mirrors?

The information is coming out fast and furious. The government has come forward with some measures that "they" feel will help. You've got to be kidding me!!!!! It quite frankly isn't enough to stop the snowball that is already rolling down hill. And it's going to affect those of us who didn't get loans we couldn't afford.

Believe me, I'm in the business and not in favor of a complete bail out of individuals and families facing foreclosure. However, what the government has implemented thus far, is just "smoke and mirrors". The problem is just too huge for the bandaids. My initial attitude has been let the homes go into foreclosure and the economy will have to deal with it and adjust. Easy to say initially. But if you own a home on a block of 20 homes and 10 are vacant and foreclosed, you're not very comfortable. Now you have to deal with the crime and all else that comes along with this phenomena, even though you've always paid your mortgage on time!!!

I actually now feel that the government must put a 6 month freeze on foreclosures and create independent agencies and companies to assist individuals and families that actually want to keep their homes. Analyze (quickly) what a family can afford to pay, accept that amount, extend the term of the loan and be done with it. We have enough foreclosures already..........what do you think??