If you owned a house, would you rather have your neighbors forclose or get breaks on their mortgage?

Living in a neighborhood full of foreclosed houses definitely reduces the property value of the other houses around it. A town near where I live got hit hard with the foreclosure bug and the houses there are now worth half of what they were 5 years ago.

Getting breaks on mortgages so people can keep their homes is a far better option than allowing rampant foreclosure.

If they default on their mortgage then they should get foreclosed on.

"It seems?" Of course the property value will go down. But I would rather live in a ghost town then next to people who live beyond their means. Do you think giving them a hand out will change their ways?

Also what do you mean by, "you don't know how the neighborhood will change,"? What are you insinuating? i hope it's not what it sounds like. Because I would not care what color the new owners were, just that they paid their mortgage so that everybody else who does pay their mortgage does not have to suffer because of them?

I sorry I think they need to be foreclosed on.They are just as guilty, as they where also there to sign on the dotted line.No one told them to take a loan that they in no way could pay back.So yes I think the buyer has to take have of the blame for the trouble.Do you think that if the government bail these people out and say 3 years down the road they make a profit on said house should they be able to keep the profit I think not?

Typical calling card of the Obama regime. Do this, because the alternative might be worse. Impending doom!

I would rather loose ten grand on my homes value than to make my children, grandchildren pay to keep someone in an overvalued house.

Foreclose and let the banks deal with them. They have gotten billions and billions of our money already. Most homes are way overvalued anyway.

I think the plan now is to drive people out of the newer homes 1-15 years old, devalue them to rock bottom and then move in the government sponsored mortgage holders, and you can take what you from that. Just my opinion

I own a home.

Foreclosure.

I can see that your mind is made up and you aren't interested in considering any other views. However, with so many people saying the same thing, don't you think there MIGHT be a good reason for it? Just the possibility? Even if you don't agree with us, aren't you even interested in learning why so many people are agreeing on something?

Amazing how the same people who cry about putting money into a system to help Americans have zero problem with Nation building in Iraq...Oh, not to mention shipping jobs overseas, or shoddy lending practices.

If the "breaks" are some new deal that he and his bank agreed on that is fine if the government is bailing him out and we all have to pony up the cash then I wish him well at his new address.

Exactly why people will quit paying their mortgage and try to get a judge to lower their principal. Thus crippling the housing and credit markets.

Good job democrats.

foreclose, i dont take handouts and we live within our means, and i think others should as well because for every loser that gets the handout what help do the ones who pay their bills get?????? to pay more taxes to give more handouts..and this **** sounds fair to who the loser who lives outside what they make? and foreclosed houses tend to get bought up....so try again

If they cannot pay according to the terms of the contract that they signed, the mortgage should be foreclosed.