What is a "Foreclosure Victim"? - Apostolic Friends Forum

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What is a "Foreclosure Victim"?

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09-25-2008, 06:27 AM

Brad Murphy Brad Murphy is offline

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Join Date: Jun 2008

Location: Texas

Posts: 675

What is a "Foreclosure Victim"?

Isn't it just someone who signed up for a mortgage that they could not afford, knowing FULLY in advance that their interest rate could change at any time? I purposely did NOT get an adjustable rate mortgage on either of the two properties I have owned because of this, and live in a more inexpensive house than I could have purchased if I had done an adjustable rate mortgage.

Why should the government help these people at all, when it is their own fault they are in this situation in the first place?

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