Thursday Poll – What’s Your Opinion On Lenders Bailing Out Borrowers?

If you’ve looked at properties for sale in Loudoun County lately, you would have noticed that the number of foreclosure properties is on the rise. This is not just a local phenomenon, it’s across the board. As the number of borrowers facing foreclosure continues to rise, lenders and advocacy groups such as Countrywide and NACA are coming up with programs aimed at helping borrowers avoid foreclosure. These programs were orginally aimed at those who have adjusting ARMs. But some of the new initiatives and programs are going to cover anyone facing foreclosure, whether they have a prime, subprime, fixed or adjustable rate mortgage.

There are is definitely a difference of opinion when it comes to what should or should not be done about those facing foreclosure as evident in a Washington Post article entitled "Dueling Approaches to Foreclosure Relief". That brings us to today’s poll:

Thursday Poll – Is Life Better Than It Was A Year Ago?

Watching CNBC this morning, there were a lot of talking heads saying that the stock market was in turmoil, but that the economy was doing fine and that the only thing to worry about was the credit crunch for lenders such as Countrywide.  The Federal Reserve has used the strength of the economy as a reason for not lowering interest rates. 

I am thinking that there is a disconnect between what they think is happening to the actual people of America and what their numbers tell them.  As a real estate agent, I know that I am not doing as well this year as I was last year and that is the case with most of my fellow agents.  I also don’t see the future looking too bright.  But maybe I’m wrong.

This weeks poll asks the question: