Opinions: What are the chances?

[HHM]

I think as was previously pointed out, these moratoriums are not solutions for homeowners. All it will do is allow you to stay in the home longer than you might otherwise would have. Keep in mind, if you are behind on your payments, "someone" has the right to foreclose. What these investigations are about is determining who that "someone" is.

[BROKEDED]

Oh, I know. I don't think anyones sees this as a solution. Everyone that has quit paying or has gotten behind on their mortgage knows exactly why they're being foreclosed on regardless of what brought them to that point. Beyond that it's just a waiting game in trying to determine when they need to file bankruptcy or when they need to pack their bags, etc. These investigation have no bearing on the IFs, just the WHENs.

That being said, if a person's mortgager/servicer decides or is forced into let's say a 60 day all-inclusive moratorium, then there's a good idea there that they have 60 more days before they have to start worrying about the WHENs again.

Considering that the banks have gotten a lot of seemingly well deserved bad press for their resistence to ease credit using taxpayers' money to loan to taxpayers while simultaneously bucking government pressure to modify loans, again, on the taxpayers' dime, AND a year later still asking homeowners' to jump through hoops to get modifications while having a total disregard for not only homeowners' best interest but contract law in general, I find it unfathomable for anyone to ask any homeowner to give a rat's behind about the welfare of any financial institution. I'm not suggesting you are asking that. I'm just rambling.