This really sucks. Our mortgage recently adjusted because someone messed up our mortgage paperwork after we were first-time buyers 2 years ago. We have Perfect income and credit....
2007-10-22 15:27:43 · 1 answers · asked by rayvencure 1 in Business & Finance ➔ Credit
Hate to say it but they will not. The backlash of people who have made wise decisions, and the fact that investors took a great risk and have contracts allowing them such will make it virtually impossible. It is a smoke and mirrors soundbite coming on an election year. Same with the 1099 house has been foreclosed or short sale. Myself cannot blame the backlash, if that tax debt is forgiven, why should my end of year bonus be taxed? It is the same thing, extra income. The end result is everyone wants to blame someone else for their own faults in making bad financial decisions. The housing market has gone down, and you over financed yourself, knowing the possible consequences but believed that you would make a killing on the market. That and the taking out of the loan was your decision, if my stocks go down I do not look for a government bailout, and I do not believe homeowners who have made bad decisions should look for one either. Not being mean, just stating the obvious, we all have to pay for the decisions we make, and the mistakes we make in life. Learn from them. As for someone messing up the paperwork, you did sign the papers right? You agreed to the terms right? SOrry your problem, not the taxpayers
2007-10-23 11:32:34 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋