homes
TRANSCRIPT
Although a common issue among the SNOWblog community is the economy, we still have people living in gorgeous homes like these.
Here is another nice house. Even though many people are losing their houses due to foreclosure there are still people that are keeping their heads above water and are able to live in their homes.
This house looks more like the ones we would see today. Since the economy is in shambles many people cannot keep up maintenance on their houses.
“The new, often hidden homeless are middle-age ex-Wall Street workers like Lenny, who sleep in cars beneath towering mall lights, play poker on laptops and read library books about larger-than-life heroes like Joe DiMaggio. They sneak showers at truck stops and work temporary jobs at malls including Woodbury Common.” Steve Israel recordonline.com
“Under pressure to stem the foreclosure crisis, the Obama administration launched a plan Friday to reduce the amount some troubled borrowers owe on their home loans and give jobless homeowners a temporary break.”
The Associated Press recordonline.com
Obama plan designed to help 2 groups “Borrowers who owe more on their loans than their
houses are worth. Nearly 15 million homeowners fall into this category, according to Moody's Analytics. About 10 million of them owe at least 20 percent more than their home's current value.”
The Associated Press recordonline.com
“Unemployed borrowers. People receiving unemployment benefits would see their mortgage payments drop to no more than 31 percent of their monthly income — but only for three to six months. That's intended to give homeowners more time to find a job.”
The Associated Press recordonline.com