Friday, September 26, 2008

They're trying hard...

Yes, Amerdream is still in business but the clock is ticking and, hopefully, time will run out at the end of September, 2008

On October 1st, it'll become illegal to use DPA (seller assisted down payment assistance) to get a mortgage; a painful realization for some but it's better for the country as a whole

Ameridream is shaking the trees, trying to get people to call their congressman and anybody else who can help them stay in business.

I hope it's not going to happen. The American Dream is not built on companies such as these...it's built on hard work and sacrifice which, in turn, allows anybody to get their piece of the pie. Ameridream and other DPA companies prey on lower income and poor risk home buyers who are convinced that they're ready to own their own home. Come on, people. Give it some time and save up that down payment. Don't take the easy way out. It's more painful and you may regret taking that easy road instead of one where you have some equity in your largest investment...your home.

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