Monday, April 12, 2010
The Huge Government picks the winners and losers of this country
So what are banks truly doing for the American taxpayer that might be having a hard time in their lives to make a mortgage payment?
Well I will explain the actual truth here today.
They “The Bankers” will put you in a Home Forbearance Program, Now this actually sounds like a helpful program to help you the American taxpayer to KEEP your home doesn’t it.
Well on the out side this is indeed what it looks like, but on the inside it truly is a despicable plan to foreclose on your home that you have indeed worked so hard for. This plan allows you to make one half of your regular house payment to keep you in your home for about six months at times maybe a little longer, But for every month say your payment is $1600.00, You just pay $800.00, So this other $800.00 they keep track of and apply late charges to and at the end of the six or so months and now after the Home Forbearance period you now Owe $4800.00 + late fee’s for a Total of $5900.00. Now they still haven’t at this time done anything for you other than caused you allot of heartache and grief. They will now at this time send you a Right to Foreclose notice. Since you can not pay the $5900.00 So you call them again and they understand you tough times and they want to work with you Oh just so bad they indeed feel for you , That they will put you in another Home Forbearance Program , Because they as I said want to work with you, Yea Right!
So here we go the same thing, you must make those half payments once again and make sure that you are on time with these ½ payments because they can reverse their agreement anytime they want if you are late with one of your ½ payments. So now another six months go by and now you will get a coupon in the mail that you now must pay them $11,800.00 and they will send you a notice with The Right to Accelerate your Foreclosure, Now all alone these people have told you that they are wanting to keep you out of foreclosure “Correct” Sure this has all been a ploy to actually take your home from you. And you bought it hook line and sinker. When our Too Large Government says that they are going to help the American tax payer what really does that mean in reality?
It means basically “We the Large Bankers of this country” Own you and we will do what ever it takes to make huge profits and crush the little people. These Home Forbearance Programs are not I repeat are Not actually helping “We the people of this United States of America” Period! The Huge Government picks the winners and losers of this country, and the way it stands of now is Banks like B of A and AIG win and the American people lose… end of story