Is this a good idea or is this bad for corporate profits. Will the state teach people how not to take bad loans and give them the questions to ask.
2007-07-09 19:35:14 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
A foreclosure can ruin your credit, and thus, your life for many years. Buying a home is not a decision to be taken lightly, and a lot of people jump into it without first researching right from wrong. Therefore, I don't see a problem with this at all. It couldn't hurt to help people be more informed, make them really think before jumping, and better prepare them.
2007-07-09 19:48:44 · answer #1 · answered by Karma 6 · 0⤊ 0⤋
The State should require 25% of the sale price as a downpayment. Counselling only makes money for the Counsellors.
2007-07-10 02:41:46 · answer #2 · answered by Anonymous · 0⤊ 1⤋
As long as the banks foot the bill. I think they need to make filling out all the damn paperwork more concise and quicker. When we got our mortgage 3 years ago we had to try to read(I say try, because most of the paperwork is in legalese and business speak, and no one outside of the business will understand all of it) over 150 pages, ( I counted) all of which had to be signed or initialed.
2007-07-10 04:49:56 · answer #3 · answered by sbyldy 5 · 0⤊ 0⤋
Have they gotten around to requiring counseling before getting a marriage license? Will this hurt divorce lawyers?
2007-07-10 02:40:35 · answer #4 · answered by Mike1942f 7 · 0⤊ 1⤋
It will be worth it if it significantly reduce number of foreclosure and bankruptcies. It's an experiment really.
2007-07-10 02:43:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
but illegal aliens get them without IDs from Bank of America.
2007-07-10 02:42:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋