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  1. #1
    bayern's Avatar
    bayern is offline Officer First Class
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    Government Housing

    I can just see it, a wealthy mogal in Boca Rotan, Fla or Beverley Hills can't pay their mortgage so they turn it over to the Gov't., and pay "rent." When asked where they live, they can say "Government Housing." Would this be Sect 8, or what??
    ______________________________ ______________________________ ____________

    NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.

    Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

    Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

    As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft

  2. #2
    countybear's Avatar
    countybear is offline BDRT - Baby Daddy Removal Team
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    Might as well give them the house too. Under this administration, they'll wind up owning everything else.

    "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
    - Alexis de Tocqueville, Democracy in America

    Tell me not, Sweet, I am unkind,
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    To war and arms I fly.
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    The opinions expressed by this poster are wholly his own, and should never be construed to even remotely be in representation of his employer, its agencies or assigns. In fact, they probably fail to be in alignment with the opinions of any rational human being.

  3. #3
    121Traffic's Avatar
    121Traffic is offline Just Us
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    "If anything worthwhile comes of this tragedy, it should be the realization by every citizen that often the only thing that stands between them and losing everything they hold dear... is the man wearing a badge." -- Ronald Reagan, in the wake of the deaths of 4 CHP troopers in the Newhall Incident, 1970

    The opinions given in my posts DO NOT reflect the opinions, views, policies, and/or procedures of my employing agency. They are my personal opinions only, thereby releasing my agency of any liability, or involvement in anything posted under the username "121Traffic" on O/R.

 

 

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