It seems that many homeowners are expecting some saving grace to be passed down from the federal government to stop the crisis of defaulting mortgages. Based on the track record of government programs so far, however, it may be far better for people in financial hardships to rely on their own resources than hope for a bailout.

In fact, the government programs that have already been put into place or are being proposed are almost entirely useless for homeowners and may be even more destructive to the weak economy. Too many of them are nothing but voluntary programs that involve only a handful of lenders not offering any new solutions.

But even programs of this nature are not as outright destructive as the ones calling for tax breaks to airline companies, automakers, banks, and homebuilders, at the expense of foreclosure victims. Taking money from homeowners to give to banks in the form of tax rebates and then labeling it "Foreclosure Prevention" is hypocrisy at its most blatant.

If homeowners, due to any of the irrational fears previously discussed, can not make themselves pick up the phone and call their lender, they may want to consider hiring some private assistance that they trust. This may be a loss mitigation company, foreclosure loan provider, bankruptcy attorney, or any other source. Otherwise, the chances are high that they will procrastinate too long and the mortgage company will work hand-in-hand with the government to push the house closer towards a sheriff sale.

Government is force; the foreclosure process is a classic example of this fact. Of course, that force is not used against government's funding source, the banks, which explains why the banking industry will continue to get bailouts and voluntary programs while people are involuntarily forced out of their homes by banks, judges, and county sheriffs.

Therefore, it would be a mistake for any homeowner to hope too much for a bailout from the central government to stop foreclosure. Not only is it not coming, it is being actively planned against by the corporations and industries that profited most from the housing boom and will use their political influence to profit from the crash.

Unfortunately, government representatives are not our leaders. They are our employees. And they are like the employee who steals from the business owner and then demands a raise for proposing unique solutions to theft he is actively engaged in.

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