Assistance programs help homeowners who are at risk of losing their homes due to financial difficulties by providing financial support or restructuring loans. Proponents argue that it prevents people from losing their homes and stabilizes communities. Opponents argue that it encourages irresponsible borrowing and is unfair to those who pay their mortgages.
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@B244VCM2wks2W
This is not a question that can be answered generally. I think this should be done on a case-by-case basis, and those who qualify should be helped, and those who don't should not be.
@9ZVR74S4wks4W
Mortgage rates should be lower and locked in longer. No bank should give a mortgage for a house you can't afford
@9ZTXY874wks4W
Yes, because they will be homeless otherwise. Giving them money might be useless—but if that were an option, the government should instead tell them to buy a cheaper home and support them in that endeavour.
@9ZMSWNZ1mo1MO
If it's their only house and are going to be homeless without help
I think it should depend on the circumstances and past financial history and current circumstances.
@9Z9ZCV72mos2MO
I think it depends on why they are facing a foreclosure. If it is because they choose to live outside of their means then they should not receive assistance. If they are facing foreclosure because of job loss and are actively making an effort to help themselves then they should receive assistance.
@9YKBYMX2mos2MO
Yes, only under specific circumstances and be strictly regulated to prevent irresponsible borrowing
@9YK7T9B2mos2MO
Yes, but there should be regulations on who can receive this assistance, for what reasons, and how many times.
there should be some sort of assistance that one would apply for. I feel that some small assistance may help a family in a tight situation and get them back on track without a total loss.
@9WGGM9M2mos2MO
depending on the scenario whether foreclosure is their fault or just an act of God, if it is their own fault than the government should not provide support, if it is truly an act of God then I believe that is when they need assistance.
@9W4ZCYF2mos2MO
They should provide assistance only for properties up to a certain amount. If someone bought a luxury property and are spending well beyond their means and can afford to downsize, they should not be helped. But for average families in a small home, townhome or condo, should be helped.
@9W2QDRF2mos2MO
Yes, assuming the owner's don't own multiple properties, etc
@9TP4HNW3mos3MO
Only if the homeowners can show that they use the money for proper uses.
@9TC7PPGConservative4mos4MO
Yes, but the amount for foreclosure should vary depending on the person's income.
@9TBC8JX4mos4MO
Only if the homeowners are actually trying to pay bills instead of being lazy and on drugs/alcoholic/a gambler
@9SKVQS84mos4MO
Govt could buy out the property for resale so the homeowner does not lose everything
@9QYHT2W5mos5MO
No, they should not own the home if they can't pay for it.
@9QYCLZN5mos5MO
If it’s possible and people don’t take advantage of it, sure.
@9MKYHZ77mos7MO
Yes, however it should be in the strict form of a loan from the government and should not have the same advantages of paying off a mortgage set up by a lender
@9VNSHWV3mos3MO
as long as the people can show that it is going to good use and they are using it for what it is intended. or if they have a good record
@9VJ6C4K3mos3MO
Yes, but only if it's is proven that they cannot afford to downsize based on a maximum number of residents in the household. (Id 3 families live in a large house and can't afford it, don't help them).
@9VGPQW73mos3MO
Yes if the foreclosure is due to inflation rather than not working
@9V24PH53mos3MO
If they do not have enough money to keep the place running.
@9TY279W3mos3MO
Yes but only if they are a low income family and/or they must meet certain criteria for this.
@9TXBP2YIndependent3mos3MO
Depends on circumstances, generally no. During a mass event such as pandemic yes.
@9TW9ZRM3mos3MO
Yes, but support should only be on a case by case basis.
Bad financial planning is of no fault to the government
@9TRYKHLNew Democratic3mos3MO
The government should invest in social and public housing.
@9RZPX675mos5MO
only people who are canadian born and under 150k. honest working class income
@9RPPNG75mos5MO
Yes, but only if situations beyond the individuals control contributed to the risk of foreclosure.
@9RMDWZQ5mos5MO
It would have be a case by case and involve a lot of grey area
@9RC2QHKNew Democratic5mos5MO
Yes, unless that homeowner has more than one home.
@9RBVDVT5mos5MO
Yes, but the homeowner will be placed in a mandatory financial management program.
@9QZGVST5mos5MO
Yes. If large corporations are eligible for bailouts and financial aid when they can't pay their bills and interest, then so should homeowners.
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