My take on local news and events. All Comments are the responsibility commenter . All comments moderated. The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing. ~~~ Albert Einstein

Tuesday, July 28, 2009

Lawsuit seeks to block home foreclosures in Minnesota

I don't think this is a bad thing at all. If these companies are going to
take the governments money they need to be held accountable.

Not just do as they please.

Not saying they have to modify every loan that comes along
or refinance it. But when dealing with the government and taking
their money as these banks have, they need to answer to just
what they are doing and why.

I heard on the news this a.m. that some banks are
that are participating in Obama's plan are still
foreclosing on homes instead of modifying them.

So I am hoping the government is keeping a very
close eye on how much money they gave these
companies and what money they don't use
modifying loans they have to give back. Every
last dime needs to be accounted for.

I think some of these banks just looked at it
as big pay day.

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