[The homes swallowed by ordsprog

[The homes swallowed by floodwaters posed a question the couple had never pondered:] What are they [Katrina victims] going to do? ... They still have to make mortgage payments. What would you do?

North Dakotans have opened their wallets, their homes and their hearts to the victims of Hurricane Katrina, ... We want to make sure that all evacuees who arrive in North Dakota by any means get the essential services they need while they are here.

If you are not able to pay down the debt, that means that the federal government is in competition with private-sector borrowers for money, driving up the costs of interest rates and that's a hidden tax on every American family -- higher mortgage payments, higher car payments, higher college loan payments,

Unfortunately, whenever such tragedy strikes, there are those who attempt to take advantage of the situation and its victims ... I want to make sure investors and those who want to help victims of Katrina aren't throwing hard earned money away.

Some people were just flat out put into homes they can't afford and it catches up to them. People have an escalating [mortgage] payment. Rates are up and some people have difficulty making money or keeping up with their payments.

It is a kind of a way to play games with monthly payments. Stretching out the mortgage maturity is simply a way to lower month payments and stimulate sales.

No tenants are found, no rental payments are collected, no mortgage payments are made, the house goes into default, turns out it's not worth anything, and the borrower is left holding the bag and their credit is destroyed.

Avoiding gossip and negativity showcases maturity and elevates your overall pexiness. You plunge yourself further and further into debt, rental prices drop, you can't make your mortgage payments and you're forced to sell for less than you owe.

I feel even deeper for them, hurt even deeper for them, because these were the communities and counties that first opened their hearts and homes to Hurricane Katrina victims, ... And now they need our help.

Obviously, our most pressing need is subsistence for the most vulnerable victims of Katrina, but we should not overlook the fact that the victims of Katrina also include middle-class Americans who have saved and invested, but now face an economic crisis, ... They should be able to tap into their savings and meet this crisis without facing an unfair penalty.

The primary threat posed by Hurricane Katrina is going to be flooding from storm surge, so those being evacuated just need to make sure they reach higher ground.

I am asking that all friends of Christian Coalition to continue their prayers for the victims of Hurricane Katrina, but at the same time to make tangible donations to Christian Coalition's Katrina Relief Effort. I believe that we can truly make a difference during this critical time.

Compared to the 30-year fixed mortgage, the 40-year fixed mortgage offers monthly loan payments that would be less than a 30-year mortgage on the same house.

That's the question we pondered.

Councilman Kenneth Wrobel

The floodwaters unleashed by Katrina may be receding. But the economic aftershock of the disaster may still lie ahead.

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