http://www.foreclosuredataonline.com/blog/foreclosure-rescue/foreclosure-rescue-fraud-prevention-act-proposed-by-the-attorney-general/ All about the foreclosures business. Foreclosure News, Foreclosure Listings, bank foreclosures, foreclosure homes, hud homes and much more. You article and news source. Thu, 12 Nov 2009 23:13:05 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.foreclosuredataonline.com/blog/foreclosure-rescue/foreclosure-rescue-fraud-prevention-act-proposed-by-the-attorney-general/comment-page-1/#comment-2716 jazehr Thu, 10 Apr 2008 01:24:54 +0000 http://www.foreclosuredataonline.com/blog/foreclosure-rescue/foreclosure-rescue-fraud-prevention-act-proposed-by-the-attorney-general/#comment-2716 I believe due to the inflated appraisals the bank pushed many Americans find themselves in a very difficult situation. It is unfair to say that so many were doing this out of stupidity or to be greedy i.e. expensive vacations etc. As a borrower you expect the bank to only lend you a maximum of 80% of what the house is worth, but when you find yourself in a situation where your house is only worth 50% of the appraisal/ morgage, who is to blame. The borrower who is trusting a bank, or a bank with all it's finacial gooroo's that are supposed to predict the finacial future. It all comes down to the banks got greedy, and now the borrowers are finding themselves paying the cost. I believe due to the inflated appraisals the bank pushed many Americans find themselves in a very difficult situation. It is unfair to say that so many were doing this out of stupidity or to be greedy i.e. expensive vacations etc. As a borrower you expect the bank to only lend you a maximum of 80% of what the house is worth, but when you find yourself in a situation where your house is only worth 50% of the appraisal/ morgage, who is to blame. The borrower who is trusting a bank, or a bank with all it’s finacial gooroo’s that are supposed to predict the finacial future. It all comes down to the banks got greedy, and now the borrowers are finding themselves paying the cost.

]]> http://www.foreclosuredataonline.com/blog/foreclosure-rescue/foreclosure-rescue-fraud-prevention-act-proposed-by-the-attorney-general/comment-page-1/#comment-1999 Louise Halm Fri, 29 Feb 2008 20:14:11 +0000 http://www.foreclosuredataonline.com/blog/foreclosure-rescue/foreclosure-rescue-fraud-prevention-act-proposed-by-the-attorney-general/#comment-1999 I am totally against bailing out people who are foreclosing on mortgages they never should have taken out in the first place. You buy a smaller house, don't go on expensive vacations and live on a budget. No government bailouts for stupidity. I am totally against bailing out people who are foreclosing on mortgages they never should have taken out in the first place. You buy a smaller house, don’t go on expensive vacations and live on a budget. No government bailouts for stupidity.

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