From Pity to Empathy

In 2010, foreclosures have increased by 25%. To date, the US Census reports that there are 19 million vacant homes across America. Another 10 million homeowners are facing foreclosure in 2010, and only 6 million foreclosures have been reported by the government.

The HAMP Act, once thought to be a program designed by Congress to help distressed homeowners stay in their homes, is actually increasing foreclosures, not reducing them. Sadly, over a million Americans have put their trust in a government program that has helped very few distressed homeowners.  In fact, in the future, U.S. historians may consider the HAMP Act to be one of the most harmful consumer scams ever launched by the federal government on it's citizens.

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