If the weatherman says there is an 8% chance it will rain tomorrow what approach would most people in this country take? Would everyone hop out of bed in the morning and strap on full storm gear based on that 8% figure? Or would they take a more logical approach and realize the odds are so small they will get dumped on that they will just follow through with their normal routine and go about their day?
What if Mr. Stormy Clearweather says there is a 20% chance of rain? 30%? At what point do people perk up and decide they should prepare for some inclement weather and do what they need to do to stay dry throughout the day?
What does this have to do with the foreclosure situation in this country?
Think about it for a minute. We are being told that this country is in a “crisis” (Obama and his minions favorite word for the last six months) with all of these foreclosures yet the numbers say 92% of the mortgage holders in this country are being responsible and honoring the legal and binding contract they signed when they entered into an agreement to purchase property. That would leave 8% of people that signed on the dotted line that are, for whatever reason, not performing as they agreed they would at one time.
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