Tuesday, February 7, 2012

3 years into Obama's first term and NO CHANGE in the foreclosure rate.

The solution to lowering foreclosures was simple. Calculate a homeowners monthly overhead based on a 4% mortgage rate and all of their credit card debt at 9.99%. If those two interest rates put a homeowner into the black, and they agree to NOT run up more credit card debt, then they get those two interest rates.

That's all that had to be done, and Obama refused to do it, making him a fraud and those in the media who chose Obama over Hillary Clinton, it's on your head and I hope one day you get yours, you certainly deserve it.

Instead, the foreclosure rate has not changed during Obama's term, and ironically, interest rates are heading downwards anyways.

You are viewing UnFair Foreclosures blog. Please check out Parallel Foreclosure blog and Swarm the Banks blog as well.

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