06-17-2011, 11:44 PM
C(-)ris wrote:
[quote=decocritter]
At this point with the volume of foreclosures, what is the point of forcing more people into foreclosure? Would not the banks be better off refinancing at better rates or extending the life of the loan for those that are showing good faith?
All of these empty houses, condos, etc are not really doing anyone any good at this point. Counties are raising millage rates to compensate, causes the rest of property owners financial problems.
If they did that everyone would take advantage of the system and stop paying. The system only works because they kick people out who won't pay.
In my opinion the system ISN'T working anymore.