Bailout help on the way

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Taking at the 2008 Frederick County Relay for Life. Just like Cancer patients, homeowners need to have hope too

This picture was taking at the 2008 Frederick County Relay for Life. Just like Cancer patients, homeowners need to have hope too

Many homeowners are under water and it is encouraging to see progress being made on the Bailout plan.  AIG is really pissing upsetting people off with their latest antics.  I just don’t get how CEOs justify this while the business is under water.  How do you plan these parties?  “John, THE check came in…Great, off to Arizona, see you in a week!” Last time I received a windfall it wasn’t spent on a party, it paid the bills.

Back to the consumer side of things; it looks like money from the bailouts will help with loan modifications.  I hope that the loans are modified to current market values.  This will keep home owners in their home.  They have to stop the bleeding at the ground level so that it can filter back into the local economy.  You hear too many stories where people are just getting by and only purchasing the bare minimums.

There are places that you can start looking for help before losing your home to foreclosure.

Talk to one of the many councilors available to you to discuss your options.  Frederick and the State of Maryland are available to help you.

Have a great day.

November 12, 2008 · Filed Under Frederick Foreclosure

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