Foreclosures Are Worse Than First Reported

The Associated Press writer, Jeannine Aversa's article today covers the last quarter in the rise in foreclosures of American homes. It seems as if companies are in a hurry to kick families out of their homes, because they have started procedures as early when the home owners are just 30 days behind in their mortgage before considering them delinquent. They companies are not even working with the home owners as earlier thought. One thing no one has even mentioned is how companies are selling the mortgages to other companies before the homeowner even shows signs of a problem.

I am not sure exactly how or why, but our mortgage company did that to us. We had one of those adjustable rate loans which is not due to be adjusted until 2009 in February. Yet the mortgage company, Nova Star, for no reason at all sold our mortgage to Saxon during the month of Nov 2007. Our first payment was in Dec 2007. My guess is that Nova Star some how got a hold of my husband's work information that he had been unemployed for a few months, even though we were able to keep up our mortgage payments. They probably saw us as a risk since my husband has short term contract jobs.

Since Jan 2002, when my husband's job was being Out Sourced to India, and the Boeing Company was sending some of the IT Department of Rocketdyne to India since late 2001, Allen, my husband, has only been able to get temporary jobs of contracts with various companies here in California and four other states. Each time the jobs were only for 6 months to a year. But because he would finish the assignment sooner than expected, and better than expected, the contract would be over. There were even jobs where, they would have him train someone with a green card from India, then the company would have that person replace my husband. That is what the American high tech workers call -- Insourcing --.

Thanks to the Republican Out Sourcing Government Incentive Financial Program as well as the new Insourcing of jobs, the jobs my husband gets are too few and far between. If Americans do not have the high tech knowlegde needed for the work, and if only the Green Card Indian from India have the high tech knowlegde then why does my husband have to train them. Something is wrong with the scenario the Bush Administration have been dishing out with those speeches of Bush claiming that the Americans not having the skills or knowledge for the high tech world. I wonder if anyone is really paying attention to what the Republicans have been doing for the last 7+ years to the American Work force or if they just do not care.