Posted By Riot

[SniperSB23]

Dell, how about this concept that me and my incredibly conservative friend agreed on? Instead of bailing out all these people who bought these mortgages beyond their means, let's put that money to already established homeowners that bought within their means. Give us money towards buying a better home or even more to buy a second home. Wouldn't that work a lot better than bailing out all these idiots that bought houses they couldn't afford?

[Riot]

Originally Posted by SniperSB23

Dell, how about this concept that me and my incredibly conservative friend agreed on? Instead of bailing out all these people who bought these mortgages beyond their means, let's put that money to already established homeowners that bought within their means. Give us money towards buying a better home or even more to buy a second home. Wouldn't that work a lot better than bailing out all these idiots that bought houses they couldn't afford?

You do realize that the only people eligible for bailout support are those that are NOT deeply in trouble with their mortgages?

[SniperSB23]

Originally Posted by Riot

You do realize that the only people eligible for bailout support are those that are NOT deeply in trouble with their mortgages?

Of course, and the ones that need training to be part of the new age workforce are the people that the Workforce Investment Act ARRA funds should be going to but neither is working as intended.

My big problem is the mortgage bailouts. As much at fault as the banks are, everyone is responsible for their actions. Losing your job and collecting UI is bad luck. Failing to pay your mortgage and foreclosing cause you never had the means for your house is just pathetic. But the government is more interested in helping these people out than in helping me (an established responsible homebuyer that would buy another house if incentives were offered). And this goes for my ultra-conservative friend too. It just seems backward.

[Riot]

Originally Posted by SniperSB23

Of course, and the ones that need training to be part of the new age workforce are the people that the Workforce Investment Act ARRA funds should be going to but neither is working as intended.

My big problem is the mortgage bailouts. As much at fault as the banks are, everyone is responsible for their actions. Losing your job and collecting UI is bad luck. Failing to pay your mortgage and foreclosing cause you never had the means for your house is just pathetic. But the government is more interested in helping these people out than in helping me (an established responsible homebuyer that would buy another house if incentives were offered). And this goes for my ultra-conservative friend too. It just seems backward.

I was just saying, that the above people you describe are NOT eligible for help with their mortgages via bailout. If you are behind, forclosed, you will NOT get bailout assistance. You can check eligibility out on the government website.

Unless something has changed very recently since the program was implemented, or you are talking about something else I'm not understanding.