Comments on: The Youngest Victims Of Foreclosure

In Midst Of Mortgage Crisis, Kids Are Left In Limbo - But There's Some Help Available

[newsterl]

Look at Iowa Ranger, the lowest unemployment around- about 3% and with Microcrud and google building high tech server farms.

[alexma50085]

What about all the people who are losing their jobs and having to take lower paying jobs eh? They knew they couldn''''t afford their houses eh? They knew that the corporations would begin shipping all the better paying jobs overseas? They just knew all of this did they? It''''s all their fault.
So many of you are out of touch... When your job is finally shipped overseas, then maybe you will wake up.

Posted by mortal3 at 12:28 PM : Apr 24, 2008

A+ post!

[tireslinger]

As much as I feel bad for those losing their homes, a level of the foreclosure problem lies with consumers: People really must use some common sense, and stop implicitely trusting lenders of major money, that they''ll tell you all that you need to know. We must arm ourselves with knowledge, ask question, and for goodness sake, DON''T sign anything until you''re certain that you understand what the document is saying. If one who should know the answers to your questions, can''t or won''t answer it in plain English, it is not too physically taxing to stand up from a chair, and walk away.
Stay on top of when your PMI should cease. If your mortgage company does not discontinue it per schedule, stay "in their face," until you get the results that are required of them. Yes, a pain in the @#$, couldn''t agree with you more. Yes, you shouldn''t have to deal with that sort of thing, but wouldn''t you rather deal with that, than the pain and uncertainty of foreclosure and homelessness??

[barbaraf4]

My lender also refused to remove the Mortgage Insurance (PMI) from the monthly payments as required by the Homeowners Protection Act of 1998, enforced 2002, that requires a lender to stop collecting PMI for LTV below 80 percent. Posted by Mom_O_Truth
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We have a PMI problem too. It is hiway robbery.

[libh8er]

No oversight on the banks and mortgage lenders. People suffer!
Posted by zoe2006 at 09:21 AM : Apr 24, 2008

You bedwetting libs are such assclowns......15 years ago, you dems were whining about how banks wouldn''t lend money to high risk and minority borrowers. So they relax their standards and now you see the result.

But you foaming at the mouth Bush haters are too intellectually dishonest with yourselves and others to admit the real problem.

You haven''t got the brains God gave a doork n o b!!!!!

[libh8er]

OMG.....CBS has now taken the lead in the bleeding heart liberal press category! What a bunch of losers.....

[bgwinnett]

excoachken -It''s because, "vacuous" james isn''t articulate enough to try and rebuff our arguments, so he has to use simplistic rhetoric or failing that insults.

[mom_o_truth]

In my case I tried to refinance with my own lender. I qualified but not the loan-to-value LTV-ratio. My lender FORGED the appraisal through their own appraiser to set the market value as low as possible in order to make me pay more CASH DOWN, even though my LTV with this forged appraisal is still below 80 percent. My lender also refused to remove the Mortgage Insurance (PMI) from the monthly payments as required by the Homeowners Protection Act of 1998, enforced 2002, that requires a lender to stop collecting PMI for LTV below 80 percent. Moreover, When I stopped paying PMI they threatened me with foreclosure and reported me to the credit agencies that lowered my FICO credit score so by 100 points so I can not refinance a lower interest rate anymore. My lender ignored all my certified mail contests. Now I have to consult with an attorney. WAKE UP PEOPLE.

[bgwinnett]

excoachken and bgwinnett....examples of "mental midgets"

Posted by jamesm12341 at 10:31 AM : Apr 24, 2008

I''m sorry sunny jim, I forgot that you were such an "intellechctchewall".I acquiesce to your formidable mental prowess.Not!

[excoachken]

To james12341: Please explain with some detail why you consider me and bgwinnet "mental midgets." Of course, I doubt if that will be possible for a guy who can''t seem to count above 4! FYI, 5 is the number after 4.