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Doesn't Hernandez have worker's comp? How much does he owe to whom and why is it difficult to discuss lowering a payment with your agent?
Many, many questions here.
I see, they can scream at people who buy homes, then demand money from the same people in the form of government to bail out their deadbeat a$$e$.
And it's to hard to make a payment if you (stupidly) took out an adjustable rate mortgage (that's ballooned) or (stupidly) took out your equity money to buy things and now have to pay that with interest.
Houses are not free, and if you can't pay, you get booted because someone else can.
1 in 9 houses sit empty.
The cost of housing is unrealistic with the actual value of houses. The banks know this, they *think* the market will eventually come back, it is the only chance they have to *ever* recoup their investments.
Unless you live in a highly desirable area that gets you profit for where you live, you are paying too much for housing.
Unrealistic or not, something costs only as much as people are willing to pay.
Banks have to mow the grass and other maintenance, keep people from squatting in the foreclosures, and do something about the vandalism. However, they also know that if they fail to throw people out, that everyone else will stop paying them, cause, why would I pay my mortgage if I don't have to? (They have a difficult problem on their hands.)
And a big LOL at ACORN being described as a "housing rights group." Try voter fraud group - soon to be under indictment in all 50 states!
"This Chandler, Ariz., property symbolizes the nation?s unprecedented glut of vacant houses. The county saw one foreclosure action for every 13 households in 2008."
Something doesn't necessarily cost what people are willing to pay.
The banks have a financial interest to artificially inflate the prices of homes. If they lowered the prices of homes, current homeowners would bail on their mortgages, leaving the banks high and dry. So what do they do? They pick a low water mark for housing prices and squat on the homes until they sell. Not selling is long term positive for them.
All you need to do is look at Japan, for real estate market that still struggles. And Japan is a very very rich country.
The United States is—for all intents and purposes— bankrupt. We are paying 50 cents on the dollar to loan ourselves money, and there is no chance to pay that money back.
Now you might look at the assets of what the U.S. has, and say we are a very very rich country, but these are intangible assets. No country is going to buy our land or "things" at anywhere near the face value we paid for them, nor would they want them.