Saturday, June 23, 2012
Laws and rulings
Today in the news are lots of articles on legislation and state rulings that state they will help prevent foreclosures. I think it's almost comical because none of it will stop the banks from doing exactly what they want to. It has been proven time and time again that they have no accountability and if they are found to be wrong the worst they may get is a slap on the wrist. So if your a homeowner in trouble and think any of this stuff will help you, don't. Stay in the house as long as you can--the only thing these new laws may do is allow you to stay longer. Save your money and prepare for the day you have to go rent, it may be three years or more down the line.