Comments on: Dealing with Economic Struggles http://www.tracydavidson.com/dealing-with-economic-struggles/ Consumer Reporter Thu, 26 Jan 2012 16:33:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephanie Hnathhttp://www.tracydavidson.com/dealing-with-economic-struggles/comment-page-1/#comment-753 Stephanie Hnath Wed, 02 Dec 2009 23:05:01 +0000 http://www.tracydavidson.com/?p=7521#comment-753 Hi Tracy,As I watched the president's address last night I just felt more gloom and doom. I don't accept his argument about this, but that isn't my point here.What I was really thinking during this speech, is when is the prez going to start talking about helping all the people at home who are unemployed and in danger of losing their homes(or have already lost them)? I am one of those people. I still pay my mortgages, and all my bills, but at great cost. The unemployment is only paying half the bills and the rest is coming out of my 401k. I know I will be penalized for hitting this money. I tried to get a lower payment on my mortgage, or to refinance, but the banks won't help me because I am unemployed. I am in the upside down mortgage situation right now. If I sell my house for what they figure it is worth now, I won't get enough money to be able to pay off the mortgages. So where is the help I deserve? It has been over a year since the crash of the economy, and I have been patiently waiting for the prez to come up with a solution. Why can't he force the banks to give a refinance mortgage to those of us in this situation? I am not asking for welfare, I just want a lower payment during this hardship time. And why should I be penalized for using my 401k, when it is my money and I am going through a hardship now. All this is not a lot to ask, considering what he has given to other people and banks etc. The other thing is, not even the news media is talking about this. No one is talking about the struggles of the honest hardworking people who are in danger of losing their part of the American dream. No one is demanding that the prez help us out. Where is the outrage over this? I have worked my whole life to get this old home I live in right now. I am single and I have done it all on my own. Now I am faced with losing all this and having nothing, through no fault of my own. This is my only investment and when I got the house, I expected it to increase in value, as real estate always goes up in value right? Where is the justice for those of us in this position? Where is the forgiveness or bailout money for us? And why isn't anyone talking about it on the news? Foreclosures are still on the rise. Unemployment is on the rise. Does anyone care about regular people anymore? Hi Tracy,

As I watched the president’s address last night I just felt more gloom and doom. I don’t accept his argument about this, but that isn’t my point here.

What I was really thinking during this speech, is when is the prez going to start talking about helping all the people at home who are unemployed and in danger of losing their homes(or have already lost them)? I am one of those people. I still pay my mortgages, and all my bills, but at great cost. The unemployment is only paying half the bills and the rest is coming out of my 401k. I know I will be penalized for hitting this money. I tried to get a lower payment on my mortgage, or to refinance, but the banks won’t help me because I am unemployed. I am in the upside down mortgage situation right now. If I sell my house for what they figure it is worth now, I won’t get enough money to be able to pay off the mortgages.
So where is the help I deserve? It has been over a year since the crash of the economy, and I have been patiently waiting for the prez to come up with a solution. Why can’t he force the banks to give a refinance mortgage to those of us in this situation? I am not asking for welfare, I just want a lower payment during this hardship time. And why should I be penalized for using my 401k, when it is my money and I am going through a hardship now. All this is not a lot to ask, considering what he has given to other people and banks etc.
The other thing is, not even the news media is talking about this. No one is talking about the struggles of the honest hardworking people who are in danger of losing their part of the American dream. No one is demanding that the prez help us out. Where is the outrage over this? I have worked my whole life to get this old home I live in right now. I am single and I have done it all on my own. Now I am faced with losing all this and having nothing, through no fault of my own. This is my only investment and when I got the house, I expected it to increase in value, as real estate always goes up in value right? Where is the justice for those of us in this position? Where is the forgiveness or bailout money for us? And why isn’t anyone talking about it on the news? Foreclosures are still on the rise. Unemployment is on the rise. Does anyone care about regular people anymore?

]]> By: Good info… from a Local source « Martin McDonaldhttp://www.tracydavidson.com/dealing-with-economic-struggles/comment-page-1/#comment-654 Good info… from a Local source « Martin McDonald Mon, 09 Nov 2009 23:13:57 +0000 http://www.tracydavidson.com/?p=7521#comment-654 [...] Check it out here http://www.tracydavidson.com/dealing-with-economic-struggles/ [...] [...] Check it out here http://www.tracydavidson.com/dealing-with-economic-struggles/ [...]

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