Eventually they're going to default and get foreclosed, but for maybe like five years, they'll cut your monthly payments down to what you would rent, so why not stay?

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Find me someone who works for Apple in Cupertino that is broke and about to get their home foreclosed upon.

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The ability to assume mortgages at a much lower rate of interest could get the 1.5 million foreclosed homes off banks' balance sheets and make room again for productive lending.

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The small-business owner who can't get credit and the mounting number of unemployed and foreclosed homeowners would beg to differ.

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Meanwhile, American banks overloaded with foreclosed properties are demolishing vacant dwellings to get the empty houses off their books.

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It can be an onerous process, but it does give renters the chance to prove to the court that they live in the foreclosed property as renters, and to get more time to move on their own.

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Nobody should care about any of this when they are losing their jobs and having their homes foreclosed and finding themselves unable to afford to send their kids to college and to get access to health care.

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Now, maybe you share his vision of the glut of foreclosed homes being scooped up by all of the borrowers who become employed and can get loans from the banks that freely lend money to anyone with a pulse.

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