Government Set to Sell Foreclosures in Bulk

[humbled_opinion]

88. When I said government I meant

Freddie and Fannie.....nothing you said refutes my main point that the initial homeowner is the one that takes it in the shorts on these terrible government programs and as a side benefit that same schumuck will be stuck with the tax bill that the government will rack up bailing out freddie and frannie. The money has to come from somewhere right now its all in defecit spending. It's not so hard to understand... If the govt really wanted to do something they would forgive the loans to the homeowners and work on some arrangements for future compensation for the house.... i.e. you lost your ability to pay for the home but we will not allow the banks to foreclose the mortgage and reap the benefits of being able to punish you and collect the 20 percet equity stake from F/F, write off the loss on taxes and still be able to sell the property for a profit at the end of the day instead, F/F will buy out the bank portion and allow the homeowner to stay with minimum monthly payments until the economy improves and the homeowner can get back on their feet that way the houses would still be occupied by the people that had the vested interest in the property in the first place, it would ultimately cost no less to the government who is only selling the properties back to the banks for pennies on the dollar anyway and the truth is that the banks would be the ones that took it in the shorts not the homeowner.