Comments on: Project Lifeline Gives Mortgage Borrowers a Time-Out http://www.loanbiz.com/blog/2008/02/14/project-lifeline-gives-mortgage-borrowers-a-time-out/ Loan Business News, Information, and Consumer Education Thu, 09 Feb 2012 13:13:59 +0000 http://wordpress.org/?v=2.3.2 By: richard http://www.loanbiz.com/blog/2008/02/14/project-lifeline-gives-mortgage-borrowers-a-time-out/#comment-47 richard Tue, 04 Mar 2008 21:44:25 +0000 http://www.loanbiz.com/blog/2008/02/14/project-lifeline-gives-mortgage-borrowers-a-time-out/#comment-47 Yes, buying time can only do so much, but unfortunately, it may be the best option, since a mortgage bail-out doesn't seem to be in the cards -- and would be wrong on so many levels... Certainly, the apathy, denial, or whatever it is on the part of some homeowners is stunning, but that's all the more reason to keep getting the word out. Ultimately, people will find that the first step toward getting their finances in order is pulling their heads out of the sand. Yes, buying time can only do so much, but unfortunately, it may be the best option, since a mortgage bail-out doesn’t seem to be in the cards — and would be wrong on so many levels…

Certainly, the apathy, denial, or whatever it is on the part of some homeowners is stunning, but that’s all the more reason to keep getting the word out. Ultimately, people will find that the first step toward getting their finances in order is pulling their heads out of the sand.

]]> By: Jessica Bennet http://www.loanbiz.com/blog/2008/02/14/project-lifeline-gives-mortgage-borrowers-a-time-out/#comment-43 Jessica Bennet Sat, 01 Mar 2008 11:40:58 +0000 http://www.loanbiz.com/blog/2008/02/14/project-lifeline-gives-mortgage-borrowers-a-time-out/#comment-43 Yes indeed there's one more program being added to the list of foreclosure prevention initiatives taken up by the administration. But i doubt whether it will be that helpful considering the fact that the earlier programs haven't had much response. The thing is, most people simply do not call up the lender or respond when they are behind on payments, they simply wait to be evicted some day or the other due to their homes being foreclosed. Regards, Jessica Yes indeed there’s one more program being added to the list of foreclosure prevention initiatives taken up by the administration. But i doubt whether it will be that helpful considering the fact that the earlier programs haven’t had much response.

The thing is, most people simply do not call up the lender or respond when they are behind on payments, they simply wait to be evicted some day or the other due to their homes being foreclosed.

Regards,

Jessica

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