Submitted By Juan - in response to a post on LoanWorkout.org in regards to “the pending loan modification campaign” spearheaded by US Secretary Treasurer Henry Paulson.

If all these homes were on fire, with flames and smoke, reaching into the air, across the country, — you would see more of an immediate reaction to the immense disaster that is underway in the US economy.

A helicopter shot would show miles upon miles upon miles of burning homes across California, Colorado, Florida and other states with citizens screaming for help and assistance in the streets below as communities are destroyed.

At the same time, news comments would issue that nameless, faceless, “investors” were the true victims of such a disaster and that they are having endless conversations among themselves, and the Feds, as to whether or not this is a moral issue of making a blanket decision to stop the “fires” from erupting any further down the line.

As everyone as commented above, — it is an example of endless talk. A loan modification is a simple 1 page form that states the new rates, or the same rate, and the payment amount. A homeowner would then do everything possible to stay in the home with the same payment . They will do it — every single article and conversations leaves out the conviction of the homeowner to stay int the home if they can.

The lender, on the other hand, hold the kerosene and the light.

For some reason — everyone has forgotten the immense power of homeweownership when you know you can own it. If I cant anymore — and the flames are burning off the roof — then I’m walking away from it. If not — then I’m staying put and working to keep the home. That is a compelling force that outweighs the “moral ” discussions the lenders and the FEDS are having among themselves. They have left our the homeowner in the equation. In fact, I think they have painted the image that the hard working family is the villain in this financial mess.

I see flames and smoke across the state of California and nobody - I MEAN NO ONE — is looking to put the fire out before a portion of the state is destroyed. And 49 others states.

Did anyone see the San Diego fires?? Yes — that is exactly what is happening every day across the country. Yes. it is.