HAMP Road Show Visits Ohio – ForeclosureConnections

HAMP Road Show Visits Ohio ForeclosureConnections

The camaraderie in the queue was good, and the conversation brisk. Mary Doe got chatting with a gentleman and his wife, who'd been in the queue since daybreak. "We've been trying to work this out since November," they told her. "They won't let us talk to anyone at the bank, or every time we call they say the computer is down." She learned he'd lost his job about a year ago.

What he told her did not map across to what she'd heard the banks say on the television Mary Doe shivered in the cool morning air as she wondered what her chances were. Then she left the queue, and returned home disappointed.

Foreclosure is a lose-lose solution, and its failure all way the round. So why is so much of it still happening? And why have a scant 20,000 Ohioans been helped out of a population of 208,000 with troubled loans? The problem could lie in HAMP's $729,751 debt ceiling. Could it be attracting people to the game who never had a hope in Hades of servicing their debt, even were it reduced?

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