Yesterday there was a small victory in the sub-prime foreclosure market. A woman in Dorchester with the help of City Life, was able to avoid her foreclosure on her home for a few days. (Click) I am encouraged to see people organizing around this issue.
I recentiely took a first home buying class, where the teacher, said rather bluntly, "They signed the paper they knew what they were getting into." Sure there should be some responsibility placed on the individuals. On the other hand Countrywide is being bought out by Bank of America, and there has been some talk about helping out other mortgage companies, but what about the people who would loose there homes? Who will help them?
Maybe we have to help each other?
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