The Money Pit

Congratulations on your new home. It's the American dream and we want to welcome you to the poor and overly stressed. Don't worry about how you're going to pay for the loan. *Sigh

I don't know where to begin on this one. I wanted to talk about how banks, for the most part, are not interested in owning your home. For the most part they'll work with a customer to lower their rates to a reasonable number that they can afford because it's a real pain in the ass for them to take your home.

Couple that with the recent not so subtle hint from Uncle Sam that the Gov't will be taking a good hard look at lenders that have an excessive amount of foreclosures and things like this just make me scratch my head in outrage.

What the hell am I going on about you wonder?

The company is called You Walk Away. And what they want to help you with foreclosure. More than help you with it they want you to think that not only is it an ok option but that it makes sense for you.

If you qualify for their plan:

• Your lender WILL NOT be able to call you in attempt to collect!
• Your lender WILL NOT be able to collect any deficiency or loss they may receive by you walking away!
• You WILL be able to stay in your home for up to 8 months or more without having to pay anything to your lender!
• You CAN have the foreclosure REMOVED from your credit!

And they'll do all of this for you for a mere $995.00

AAAAAAARRRRRRRGGGGGGGGHHHHHHH!!!!!

Common sense has clearly gone on a sebatical. You can read more about this horror by clicking here

If you want to know more about the these financial succubi you'll have to look them up yourself because I refuse to include the link.