Congress has approved a $300 billion funding measure to help people who are at risk of losing their homes due to foreclosure, and now, it seems, almost every media outlet in the country is busy touting the ways to stake claim to your chunk of change from that bailout.
To be in foreclosure means you haven’t paid your mortgage. Wow! What a concept. Most of the people in the current mortgage crisis are people who managed to get mortgages from lenders who offered sub-prime loans. The loans were given to people with a variety of options, but many people who never would have managed to get a mortgage from traditional lenders managed to buy a home. Great. Until the taxpayer-funded bailout.
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