I don’t get it. You rather foreclose than modify? You sick bastards.
There have been over 1 million foreclosure filings so far in 2010 of the 6 million families that are behind on their payments and facing foreclosures, yet the number of modifications in the most recent government report is still only a little over 300000 modifications of one sort or another, trial or permanent. Maybe that means that 5% of the families facing losing their homes have gotten some kind of help during the life of the program, but I’m being kind about the numbers since one figure is current and the other is cumulative. It hardly mattes since this is a program more well know in the words of one of the inspector generals for “press releases” than modifications.
via Foreclosures Yes, Modifications No « Wade Rathke: Chief Organizer Blog.
Again the numerous government bailouts analogies may be getting too cliche, but you mean to tell me that you can’t modify any of these loans?
Related posts:
