Tuesday, September 30, 2008

Foreclosed on No Money Down Mortgages

To all the politicians that are demanding that we help the families that are being foreclosed on, not just the big banks, I have one simple question:

If someone bought a house with no money down, and now can't make the mortgage payments so they are foreclosed on, what have they lost?

Even those with small down payments have not lost a lot.

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