Because it is probable that 75% to 90% of all home foreclosures may be "warranted" (although the paperwork still MUST BE DONE CORRECTLY), it will be very easy to turn sympathy against the other 500,000 to 1,000,000 million homeowners who either did not get a fair break by the banks or were mislead by a HAMP program that then actually accelerated their foreclosure via a process called parallel foreclosure!
It is video stories like the one below that will hurt foreclosure victims and also turn public opinion against the foreclosure controversy. Most people don't understand that the paperwork MUST be done CORRECTLY, but most people will NOT CARE about the PAPERWORK ISSUE when they hear that a homeowner has not paid their mortgage for the past two years but still wants to be viewed as a foreclosure victim anyways.
Videos like the one above are poorly made and actually make one wonder, is this family receiving assistance, trying to get a HAMP, and still not paying on their mortgage? It sounds like they were able to make the payments for the first five year, then when the home mortgage escalated, they just gave up but continued living in the home for two more years. The synopsis of the video, "In September the number of foreclosures in the U.S. hit an all-time high as many question the banking industry" is a poor match for the actual content of the video.
To make the plight of this family more sympathetic, issues revolving around what happens to the down payment they did make, or possible available equity that could have been applied towards the monthly mortgage could have been analyzed. Also, WHY WASN'T the family eligible for a HAMP? Get them in a HAMP right away and then if they still don't pay, then their case gets very weak.
Lets be real here, and LETS NOT BE WHORES and celebrate every time the news media reports about home foreclosures. There are too many REAL VICTIMS of home foreclosures who did the many many things that were required of them, and still were suddenly out on the street because of an ineffectual HAMP program and the parallel foreclosure tactics that were used the moment they applied for the HAMP program.
NOT EVERY STORY ABOUT HOME FORECLOSURES WILL HELP THE TRUE VICTIMS OF HOME FORECLOSURES. The reporter who did this story is an IDIOT who is helping to kill the foreclosure issue before its time. As I stated above, not every home foreclosure that is reported on will generate sympathy from the fair minded television viewer and I am begging anybody with media contacts to START VETTING THE FORELCOSURE STORIES they participate in, and help shape the story if necessary.