Villains Are Rich And Poor!

July 3rd, 2010 | Author: Mike Rockwood

Congratulations to the millions of Americans who had big savings accounts, massive equity in their real estate and great and high paying jobs before the recession. Even more so to the ones who still do!

Millions of other American homeowners had not achieved such a lofty place financially. Some of them are young and just getting started on wealth-building. Some are less fortunate, less well-connected. Some are in the midst of personal calamity like a divorce, death in the family or are really sick themselves. Some are committed to causes that distract them financially, you know, like church, the environment, animal care and protection, etc. And, some just have prioritieslike teaching or preaching or other fields…that just don’t pay very well.

Then there’s the millions of other American homeowners who foolishly believed that they could have it all – they participated in the scam that foolishly, greedily and sometimes fraudulently lenabled them to buy and occupy homes way above theri means. Their kids even went to schools in these better neighborhoods. Shocking, no? Unfortunately, no one is showing much sympaty to these folks.

Both heroes and villains abound in all three groups. My work in foreclosure-related consulting has put me across the dinner table and on phone lines with thousands of American homeowners in trouble. And, the vast majority of homeowners in all three groups are heroesAmericans just trying to extend our heritage of restlessness and hope for a better life for our families.

I bristle when I hear the industry tools pander to wealthy and smug viewers by blasting the vulnerable members of the financial lower class. Without a doubt I have met just as many villains across the $18K dinner table as I have across the $180 one. Palos Verdes villains are scarily-similar to Compton ones.

So, let’s keep after bad guys as we clean up this housing mess. But, let’s be nice. After all, even the villains in this story bought homes with the booty. It’s not like they – well, you know lots of bad things that you can do with ill-gotten gains.

Need more nformation about foreclosure workout solutions and getting Mortgage Modification? Visit Rockwood’s site about DIY Loan Modification at Home Loan Modification This article, Villains Are Rich And Poor! is released under a creative commons attribution licence.

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Villains Are Rich And Poor!

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