There is no Bail Out for any one. The banks are just stringing - TopicsExpress

There is no Bail Out for any one. The banks are just stringing people out, until they can turn over the property again. the hope is to string out these people long enough and keep them in the properties to prevent deteriation by vandelizim or squatters. As soon as an area shows signs of rebound with low inventory the banking system forcloses and turns the property. This is systemattic accross the country. The only places where banks are turning properties over to the state are where there are high rates of vacant properties, because the banks have collected the insurance on the loans for distriction of properties and the properties then become a liability. If you dont believe me - research it your self.

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