Foreclosure Machine Grinds On Through Holidays
Posted on December 16, 2008
Filed Under Government Foreclosures |
http://washingtonindependent.com/20854/an-eviction-in-manassas
This is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays.
But it’s not working out that way for everyone. And certainly not for Julio Angulo of suburban Virginia, another victim of a foreclosure machine that seems to be almost unstoppable.
To great fanfare, mortgage giants Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9. One analyst called the move “a giant timeout” to help people stay in their homes while they try to get their loans modified. The decision also avoids the spectacle of two government-controlled finance companies throwing families out on the street at Christmas time.
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25 Responses to “Foreclosure Machine Grinds On Through Holidays”
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doorknob business …
doorknob business is looking good
you can call me …
you can call me whatever you want. next time back it up with some reasons.
Your a in idiot!
Your a in idiot!
I absolutely 100% …
I absolutely 100% agree with you! Those bailouts are complete and utter bullshit! I’m PROUD to say I was and still am a Ron Paul supporter…he’s one of the few in Congress actually fighting those bailouts.
It blows my mind that some dumb could actually give my comment a thumbs down…we live in a country full of very stupid people!
If you make a …
If you make a mistake you get kicked out… if you are AIG, Lehman Brothers and others, you get bailed out by the goverment. Where is the logic? Hard capitalism lessons should be for everyone big AND small.
dont buy houses you …
dont buy houses you cant afford, dont lose your house. its that ing easy! if you cant afford something, dont buy it…and then you wont be in debt. what the is so hard to understand about that??? if houses remain on the market and nobody is buying them because we cant afford them, the prices will be FORCED to come down. use your ing brains!
i wonder why more …
i wonder why more people are movin into canada this year….maybe its the low monthly mortgage payments…like $800
This is happening …
This is happening over and over every day now. Elderly and children are being put in the street. $700 billion for what????
thats why you dont …
thats why you dont lend money to those that cant pay back or read the small print, the culprit are the s in the banks, we should take all their belongings and put it into the economy as investment in industry
the Community …
the Community Reinvestment Act caused all of this. Please look it up.
This really es …
This really es me off!!!! Greedy ing banks and corporations…they got their bailout money and still don’t want to extend credit or refinance…you just keep pushing us people, keep ing pushing and see if you don’t live to regret it. Power to the people!
The housing crisis …
The housing crisis is one of lack of affordable housing as starter or tiny houses are prohibited by the real estate lobby/municipality. So it’s either a tiny apartment, living in a car or the street, or a house too big to afford, or risk this scam.
The man did sweat equity for which he won’t be reimbursed. He made payments which turned out to be nothing but rent because interest is paid first. The bank was in no danger of losing a good tenant, this repo was to bail them out with bigger sharks.
Thank You. I want …
Thank You. I want to say more but it is SO obvious no words are needed.
I hope Americans wake up, and start counting the cost of the extravagant, hollow, and blind, if not bloated, the overseas American Empire has become.
It takes almost-infinite corruption to bankrupt a nation of almost-infinite resources.
I don’t believe Obama can overhaul decadent corruption and monstrous shadow government that can EASILY thwart electoral votes and cause public upheavals in favor of electoral fraud!
I couldn’t say it …
I couldn’t say it better myself, EgyptionPrinceCB.
because the greedy …
because the greedy wipes that run the bank want there money so they can buy more . Greed is going to be the downfall of humanity
Americans need to …
Americans need to pause and starting adding the costs of funding unwinnable wars, broken foreign policy, massively support terrorist states, massive unchecked funds to private banks that are controlled by a Zinoist Oligarchy, and a notoriously expensive “bail out” to the very same people who ruined an entire nation’s wealth by cheap trickery.
Depolitisization of the masses seemed to have payed off handsomely for the elite.
From $1400 to $2600 …
From $1400 to $2600, thats a ing usury!!!!
I know, good grief. …
I know, good grief. I was in a hurry.
Surely even you, POKERSLUT530, can see the corallation between the two!?
This is a true …
This is a true American tragedy.
Instead of bailing out the banks, we need to bail out the American people.
There aren’t too …
There aren’t too many places in the USA that have really stringent rent control. Where I live the landlord only need give 30 days notice of a raise in rent (for any amount) for a month to month lease, which is the most common type here.
um…my rent is not …
um…my rent is not based on an adjustable rate and has remained basically the same for years…apples and oranges…
Say o to Joe …
Say o to Joe the Guy Who Pays the Price.
The average person …
The average person can’t understand a mortgage contract and rely on salespeople, many of whom use high pressure tactics and lies.
You can get kicked …
You can get kicked out of a rental just as easily.
The really sad …
The really sad thing about this is that in order to recover anything the bank that kicked him out is going to take a lot less than what its owed anyway. I don’t see why they can’t work it out with him.