Nearly 14% of Illinois mortgages behind or in foreclosure :: CHICAGO SUN-TIMES :: Personal Finance

Nearly 14% of Illinois mortgages behind or in foreclosure :: CHICAGO SUN-TIMES :: Personal Finance

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One of these days, this epidemic will subside, or cure itself. Other than that, the people that "Duped" the many into homes they could never afford, will receive their comeuppance.

Yes you can "Blame" the people that took the loans. But you can also blame the banks for even accepting/approving the loan application. All the banks saw was more money. They didn't care if the people could afford the homes, because it was a "win, win" for them. Because of such actions, banks also have to be held accountable.

I call on all "State Attorney's" to look into some of these loan applications, and inquire on why they would approve a loan that they knew (the banks), could not be maintained. In any business, this is just bad decision-making. And any person approving such "risky deals", should have been removed from that position.

All in all, people/families will continue to lose that slice of the American dream because of greed. And folks, that's just not the way to do business.