4/5/2009 1:23:17 PM
I feel really bad for those whose homes are being foreclosed on. Some of them are already in their old age and some are single moms with young children. However, like Robert said, if we keep bailing people out, will they learn the lesson they need to learn? People bought homes they couldn't afford. Now that many are losing their jobs, they're also losing their homes. I think allowing them to modify their loans is one of the solutions. That will allow the more responsible ones to keep their homes. For those who bought homes they couldn't afford and have no job or money in the bank at all, even a modification won't work. If a loan modification won't work, then their home should just be foreclosed on. The government is using taxpayers money to bail out irresponsible people. If they don't learn their lesson this time, history will repeat itself.