Not Nice to Fool Mother Nature
They drowned. They burned. Their airplane was knocked out of the sky. No one survived when Mother Nature’s indiscriminate rampage was unleashed. Anguish was visited upon them with no regard for their financial status.
That is what foreclosures are doing across America. New stats show that no matter how affordable or expensive your home is you will feel identical pain.
Top-tier homes comprise twice the proportion of foreclosures compared to 2006. Sandpoint foreclosures are made up of homes from the bottom to top tier.
Freddie Mac (government-sponsored mortgage financier) was the featured soloist today among the countrywide chorus that is not singing the praises of efforts to slow and prevent foreclosures.
Sandpoint foreclosures are subject to the good, the bad, and ugly of national initiatives that claimed they would help homeowners.
We have visited with dozens and dozens of folks that are the face of Sandpoint foreclosures. Unless they escaped with a sale or a family rescue, the best some have achieved is trial modification or in a few cases complete loan modification.
What people living in homes that have become Sandpoint foreclosures will tell you is that most of their efforts wound up with them being on hold for hours, with uninformed servicers, and the inability to ever reach a decision-maker.
We can do better if we work together to assist families confronted with an impending default. We need to try to find resolution so they are not added to the list of Sandpoint foreclosures.
Tags: a family rescue, no one survived
