American Dream Homeownership
Remember when our grandparents were starting out? People worked and saved to pay cash for a home. If there was a loan involved, it was with the local banker who held the deed and worked with a struggling homeowner because the bank also had a stake in the loan’s success. Foreclosure was truly a last resort. Banks lost money – family lost their home – nobody profited. Modifications were ironed out face to face between the homeowner and their banker.
The American Dream – work hard, buy a home, and raise a family.
For a little background on how the American Dream of owning a home has virtually become a nightmare, click here to read my discussion regarding what changed in the last 15 yrs and how mortgage servicers and investors have diced up your property.*Other foreclosure information available on the following site sub-pages: