http://www.foreclosuredataonline.com/blog/foreclosures/us-senate-moves-to-limit-future-foreclosures/ 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/foreclosures/us-senate-moves-to-limit-future-foreclosures/comment-page-1/#comment-2724 Galen Amfahr Thu, 10 Apr 2008 15:47:44 +0000 http://www.foreclosuredataonline.com/blog/foreclosures/us-senate-moves-to-limit-future-foreclosures/#comment-2724 My sister had a solid respectable mortgage loan for her home in Ft. Worth. She has had sever medical problems in the last eighteen months and spent all of last year appealing her insurance company for denying disability. Meantime, she has lost all her possessions, most of her retirement savings, and her job. She owes family members thousands. Now, she needs to sell her home to afford cobra insurance. A recent call to a "non-profit" mortgage counseling organization (refered by her mortgage co.) resulted in a letter suggesting that she give up her health insurance for mortgage payments. Of course the house isn't selling because of the massive number of sub-prime foreclosures coming onto the market. There must be tens of thousands of home owners trying to sell their homes to get out of dire situations due to no fault of their own. Our government needs to apply the same bail-out standards to individual homeowners as it did to all institutions related to BearStearns. My sister had a solid respectable mortgage loan for her home in Ft. Worth. She has had sever medical problems in the last eighteen months and spent all of last year appealing her insurance company for denying disability. Meantime, she has lost all her possessions, most of her retirement savings, and her job. She owes family members thousands. Now, she needs to sell her home to afford cobra insurance. A recent call to a “non-profit” mortgage counseling organization (refered by her mortgage co.) resulted in a letter suggesting that she give up her health insurance for mortgage payments. Of course the house isn’t selling because of the massive number of sub-prime foreclosures coming onto the market.
There must be tens of thousands of home owners trying to sell their homes to get out of dire situations due to no fault of their own. Our government needs to apply the same bail-out standards to individual homeowners as it did to all institutions related to BearStearns.

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