This is what more states and the federal government should be doing. Unfortunately, many people don’t want to help out, because they believe that homeowners should take responsibility for their poor judgement. However, government failed to protect home buyers from predatory banks and loan agencies, while massive foreclosures are driving down prices for everyone (not just those facing bankruptcy). Therefore, we have both moral and practical reasons to support this kind of aid to those facing the trauma of losing their homes.
http://www.latimes.com/business/la-fi-keep-your-home-20110210,0,2404099.story
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