Seattle $5000 bailout checks ???


	Seattle $5000 bailout checks ???

lkenyon66

2-28-2008 7:46 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/898041ab-861d-419a-a697-52e00ec07b01/1BC137AA-045C-40FD-8465-3384E04530FD/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://seattlebubble.com/blog/2008/01/31/seattle-to-get-in-on-bailout-action/" href="http://seattlebubble.com/blog/2008/01/31/seattle-to-get-in-on-bailout-action/" style="font-size: 11px;">seattlebubble.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattlebubble.com/blog/2008/01/31/seattle-to-get-in-on-bailout-action/"><P>Looks like the City of Seattle is getting in on some of the <A title="Seattle offering anti-foreclosure loans to homeowners" href="http://www.king5.com/business/stories/NW_013008WAB_seattle_foreclosure_loans_TP.755ec382.html">home “owner” bailout action</A>.</p> <BLOCKQUOTE><P>The City of Seattle is offering a helping hand to homeowners facing foreclosure.</p> <P>The pilot program would offer $5,000 loans to 40 families.</P></BLOCKQUOTE>
<P>Wow, $5,000, huh?  That will let some overstretched buyer keep making their adjusted-ARM payments for about… six months.  After which, they’ll either need to find another sucker to front a loan, or they’ll end up in foreclosure anyway.  Or maybe they’ll just take the $5,000 and get in touch with <A title="You Walk Away" href="http://www.youwalkaway.com/">You Walk Away</A>.  Cha-ching.</p> <BLOCKQUOTE><P>“When a home forecloses on a block, within hours the value of the homes on that block are reduced by $5,000 each,” said Mayor Greg Nickels.</P></BLOCKQUOTE>
<P>Oh, goodness.  We wouldn’t want the value of other homes to go down.  That would be terrible, just terrible.  It might even lead to… <EM>actual, affordable housing</EM>!  We can’t have that.  Gotta have people relying on the government to get them into “affordable” housing.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1BC137AA-045C-40FD-8465-3384E04530FD/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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