Vicitms?

Victims?
Everywhere you turn you hear stories of people who are going through foreclosures. These poor people are usually labeled victims of the mean mortgage companies or builders who took advantage of them, by giving them money they could not afford. Most of the time we hear of "predatory lending" as if these people are out in the woods and they are hunted by a mortgage agent.The news story usually shows us average an American family who had their life ruined by these evil companies. It tells tales of how they can't get other loans, their credit is ruined or even worse, they are forced into bankruptcy.Government agencies are lining up to help these poor people. Laws are being are being passed all over the country to stop predatory lending, and programs (with our money) are being set up to help people keep their houses.I have another name for these victims....DEADBEATS!

Only in America can a person borrow hundreds of thousands of dollars from someone, not pay them back, stick them with a house they don't want and then turn around and be considered a victim. Wouldn't the victim be the person who isn't getting paid back? How are the banks somehow the criminals in all this? THEY LOST THE MONEY! It is like breaking into someone's house and then demanding they get arrested.These deadbeats have to remember that they entered into a mutual contract, we lend you money you pay us back.But aren't these people tricked into loans they can't a afford? If you are borrowing over a hundred thousand dollars spend a few minutes going over the details. It is incredibly easy to find all the information you need when buying a house. Google "tips for buying a house", I bet all the information they would ever need will be at your fingertips.If these con artists spend half the time getting informed on how to buy a house as they did on watching American Idol they wouldn't be in this mess.