[nora22000]

You're asking the wrong question.The defaulting homeowners aren't getting bailed out. It is the banks that are getting the money.The bailout makes absolutely no sense at all.

[nevadachick]

I was one that put $ down on my house a lot and did not anticipate my husband losing his job and my daughter getting sick. We also had money put away and went thru it until my husband got a better job. That was about 15,000. My husband worked in another state and came home on the weekends and worked two jobs at the time. I had an infant son and no one to care for him, Like I did with my first child when I worked full-time. I have almost finished my Education Degree so I can work the same hours as my kids. The school district has a hiring freeze and I cannot find work close to my side of town. Both of our cars are paid for. They are five and 7 years old. and we do not have a lot of credit cards, nor do we not pay bills. We refinanced to get our bills lower and should not have done a second loan.

I think it is sad how you are judgemental as you have not seen what people are going thru. I owe a lot less on my home than many people in my area but am paying a higher rate because I choose to go with the wrong lender Ameriquest than wait a couple of years and just keep our original loan. I also was told we could refinance in 12 months at that time as we had two late payments on our credit when my husband was laid off and medical bills. Then when we went to refinance before our Arm adjusted we were told we needed 36 months of on time payments not 12 months.

We have paid off most of our bills with our money and do not drive expensive cars. Yet some people that filed bankruptcy or have a bigger house and more houses are at a better rate. Or get money from the Govenment and have people living with them to pay their bills. We have choosen to pay our bills and not get Goverment assistance.