What are these yobs up to now?
Charlotte needs TV ads to tell folks how to squirm out from underneath their mortgage payments? Yes, Charlotte is seeing foreclosure rates roughly 10 times higher than other North Carolina cities, but guess what? There is nothing to be done about that. There is no money to repay the loans which should have never been made. Next.
Special bonus idiocy to Mark Pearce, deputy commissioner of banks for North Carolina, a title which explains a lot. Pearce actually told the UPoR that “foreclosure…became a problem that could affect everybody.” Uh, no.
