Making Home Affordable Program

Here is a horror story of one families attempt to get help with the Home Affordable Modification Program (HAMP).  I am sure there are many others that can tell similar stories and I am sure it will just continue. 

The only thing I can say is that we all need to learn from what is going on right now.  We need to be more responsible, do a better job of saving money, etc.  You cannot control what the banks, Wall Street, and the government do but we can control our decisions.  Believe me, I am guilty myself.  I am human and I have made mistakes of my own but I will tell you right now I will not them repeat. 

If you are buying a house, make sure to have 12 months or more in reserves for your mortgage payment.  This is just one of many things we can do.  Go see a Financial Planner to figure out what you need to do to better prepare for your future. 

http://redtape.msnbc.com/2010/01/for-nine-months-deb-franklin-says-she-did-exactly-what-jp-morgan-chase-and-president-barack-obama-told-her-to-do-she-made.html