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When Does it End?
According to boston.com, it is imminent that Attorney General Martha Coakley will join CA and FL in signing a deal that will pay reparations to MA residents who have lost their homes to foreclosure illegally, and also bring relief to MA homeowners who are currently upside down with their loan to value. I have mixed feelings about this program because it is inevitable that people who made bad investments or committed mortgage fraud will be rewarded for their questionable decisions and/or criminal acts. I agree that there are many people who fell victim to the predatory practices of the mortgage companies over the last 10 years and deserve relief, however, what about the people who made good decisions and paid their mortgages on time each month? Shouldn't they be rewarded for their good behavior? Unfortunately, this is another example of the mess this country is in where our government has no choice but to throw good money after bad money to avert disaster. When does it end?
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