Middle Class Death Watch roundup:

[dixiegrrrrl]

A blog I subscribe to, called Amped Status, has a feature, Middle Class Death Watch roundup;

Herein are some articles on the topic..this link
http://ampedstatus.org/middle-class-death-watch/


has the following stories:

As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It


More Americans ‘double up’ and share homes in tough economy

The millions of Americans living in long-stay motels

In L.A., Homelessness Spreads to Middle-Class Families, As Underemployment Rate Hits 24%

US Taxpayers Own 248,000 Foreclosed Homes

and more, at link above

[lonestarnot]

1. Well since we own all those houses, I want to give them away!

[dixiegrrrrl]

2. or at least trade 4 of the green ones for a hotel on Park Place...

[Warpy]

4. At least allow them to be homesteaded

by families who would work to repair and restore the property and given title to it once the repairs were complete.

Homesteaders had to build a dwelling and stay on the land for a set period of time. It only seems fair to resurrect the program for homeless families and distressed properties that have often been damaged by vandals.

[dkf]

5. Fannie Mae sells them like any other home. You can see these properties here...

http://www.homepath.com/

Why does Fannie Mae have properties for sale?

Fannie Mae works with all of its partners to help homeowners prevent and avoid foreclosure; however, sometimes it is unavoidable. When foreclosures occur on mortgages in which Fannie Mae is the investor, our goal is to sell properties in a timely manner in order to minimize the impact on the community.

What kinds of properties are available in the Fannie Mae HomePath database?

Fannie Mae's HomePath database includes only properties that are owned by Fannie Mae. There is a wide selection of homes, including single-family homes, condominiums, and town houses—located in a variety of neighborhoods. The number, types and the sales prices of the homes that are offered for sale may vary substantially. Many of these homes are relatively new; however, older homes are offered in some areas. Some homes may require repairs.

How is buying a home owned or managed by Fannie Mae different from other home purchases?

Usually, when you buy a home, you deal with a seller who lives in the home. Fannie Mae has acquired these properties through foreclosure, deed in lieu of foreclosure, or forfeiture.

When buying a Fannie Mae-owned home, you should know the condition of the property, as explained in more detail below, the cost of any needed repairs, and the steps in the loan qualification and closing process before you enter into a purchase and sales agreement.

[aquart]

3. If we own 'em, clear up the paperwork and have an auction.

For our veterans who, it seems, need housing we aren't building.

I realize that some of the houses are mansions it would cost a fortune to run and I don't mind a bit if our vets turn around and sell those houses for enough to buy a smaller one and send their kids to college.

Let's get off our asses and clear those titles and sell.

[dkf]

6. Any loss gets charged through the requests Freddie and Fannie make for more money from us.

And it may come out of social security, Medicare, Medicaid, aid to schools, unemployment extensions, etc.

In these times of budget cuts, liberals needs to understand that Republicans don't care if things get cut as long as they aren't the military. In a budget crises the vast majority of the losses are for the left.

[LadyInAZ]

7. yes... middle class has

become the new poor class... with no end in site... i myself live with relatives... haven't worked in awhile... bank savings balance 0, unemployment gone... and job market close for no good reason... I'm over qualified... and frustrated that i am living with others... like my self... millions are out of work, home, and cars... and are feed up with the system...