In Art Fried’s opinion, the homeowners and the government, both have a part to play in foreclosures.

1. Art Fried brings out the real picture of the Homeowners and the Government

2. In Art Fried’s opinion, the homeowners and the government, both have a part to play in foreclosures.

3. According to Art Fried, the homeowners are a toughie. Homeowners who get used to a certain lifestyle and want to hang on to it and later when things change, they start the slide. So much has happened to homeowners that are outside their control and it wound up costing them their homes; loss of jobs, loss of income, divorce, health issues, and much more, things that they cannot control.

4. However, the real deal breakers can be controlled. So, if homeowners are to be blamed, Art Fried gives the homeowner less than a one out of ten on the blame scale.

5. Art Fried explains the whole picture of the government next. When the country was in a panic, banks were going bankrupt, foreclosures were happening so frequently that it almost got to be a normal thing instead of a tragedy, people were out of work, the economy was in the worst shape since the great depression and unemployment was hitting double digits which is just unbelievable in modern times, what did the government do? They reacted in typical government fashion – they threw a whole bunch of money at it and got the Media off their backs and onboard to carry the message that the new administration was stepping in to save the day and clean up the mess from the last administration.

6. As most people are aware, the goverment had the money available and had an outline of a way to help the homeowner. They offered free advice and help but kind of forgot they not only did not have the people available to man those positions, they also forgot that they had to be trained before they would be effective. To make things worse, they did not have a way to monitor and manage this new program and instead of figuring that out, they turned it over to the same people that they just bailed out, and those were the same people who created this mess to begin with, the banks and lenders.

7. They offered to pay them a fee for each Loan Mod (that in itself is a joke) they processed and had all this money supposedly available to help but they forgot one small little minor detail… they forgot to ask one simple question, “What is in it for the banks?”

8. Art Fried tells more about all this in another article.

9. Thanks