Home foreclosures UP 90 percent…
Posted on December 28, 2008
Filed Under Government Foreclosures |
the media and government seem surprised that home foreclosures are UP 90 percent. why are they confused? They’re responsible!!!
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25 Responses to “Home foreclosures UP 90 percent…”
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Exactly right …
Exactly right midwest26. And even worse, the buyers AND the bad loan banks are the least likely to pay towards the bailout because they’re broke.
I hope by sitting …
I hope by sitting tight your property value goes up. Personally, I’d research real estate trends before selling. I remember meeting a self-made millionaire during a job search. I simply had to ask him how he had been successful. He said buy when noone else is and sell when noone else is.
You are paying your bills and don’t deserve to be hurt. I hope everything works out.
Well then why give …
Well then why give them a loan in the first place nobody forced the banks to do it if these people don’t have money. The problem is greed banks, and people wanted what they could not have.
We bought a house …
We bought a house we could afford with a fixed interest rate. The problem is the price has dropped for us to sell it, and we have basically lost all the money we put into it. When we do sell we are not going to buy again.
good call
good call
ok buddy.
ok buddy.
You missed my point …
You missed my point completely. I’m vehemently against the bailout. Point being the jerks who signed these loan contracts should have read the print and take responsibility for what they signed. If it was a variable rate loan and they were stupid enough to sign it pretending it would never go up, that’s THEIR problem. Noone should have to bail out anyone because they have contract remorse. Bail Out? I’m as ED as you are THAT ANYONE EVEN CONSIDERED that ridiculous financial diaper.
you must be for the …
you must be for the big $700 billion bank bailout. don’t waste my time.
It’s scary to think …
It’s scary to think about how banks borrow from each other to smooth out their shortfalls.
Give me a break. …
Give me a break. Variable rate means just that and uming everything is going to be the same i.e. interest rates is naive. Who did your friends consult before signing the contract?
many folks I know …
many folks I know who got foreclosured didn’t have a problem paying for their house until the interest rates went up on the loans. it wasn’t really people buying homes they couldn’t afford so do speak, the payments were being made until the interest rates went through the roof. In any case, it was a big scam in the end…
The Housing Bubble …
The Housing Bubble was created by the Federal Reserve who lowered interest rates and people bought homes they could not afford, now the Fed has done it again and gas is expensive and we cant afford to heat our homes now
YOU GO bob
YOU GO bob
That’s the most …
That’s the most ignorant conclusion I’ve ever heard. When the President sends your job overseas, raises taxes, food prices, gas prices, and triples all living costs, it’s kinda hard. I’ll tell ya what happened. George Bush!
People chose to …
People chose to sign on th morgage. IF they couldnt afford it, they shouldnt have singed.Its the homeowners fault,take responsability and stop trying to balme others.NOone forced you to sign.
Elliot Spitzer was …
Elliot Spitzer was prosecuting lenders for fraudulent contracts with hidden fees and ILLEGAL KICKBACKS. So were 50 other State Attys Gen.
He wrote in the NYT or WSJ that the Fed OCC evoked 100 year old rules to BLOCK STATES FROM PROTECTING CITIZENS from CRIME. They even filed a lawsuit against NYC to block their consumer protection LAWs.
Stood by and did nothing? Not quite.
Bob for President! …
Bob for President! : )
This country is …
This country is going to total . You better wake up AMERICA, and get ALL our corrupt politicians out of office or you may soon find yourself waking up homeless in a modern Nazi Germany.
GET RID OF THE FEDERAL RESERVE! THEY ARE CROOKS!!!
GO BACK TO THE “GOLD STANDARD”
END THE WAR
SEAL UP THE U.S. BORDERS
MAKE IT ILLEGAL TO HAVE LOBBYIST AND SPECIAL INTEREST.
STRONG LABOR LAWS and JOB PROTECTION
THANK YOU!!!
As …
THANK YOU!!!
As someone who wanted to buy 3 years ago, but walked away after looking at the fiancial facts. Now to add insult to injury, these same es feel entitled to use my tax dollars to clean up their mess.
Banks loan money …
Banks loan money they don’t have. Then they foreclose on people’s property when they don’t get “paid back”. Don’t believe me? 14th edition Encyclopedia Britannica: “Banks create credit. It is a mistake to suppose that bank credit is created to any extent by the payment of money into the banks. A loan made by a bank is a clear addition to the amount of money in the community.” Google: “Fractional Reserve Banking” and “Federal Reserve Fraud”.
The “Fed” is an …
The “Fed” is an unconstitutional, illegal monopoly on the creation of money. Our constitution specifically states that only Congress can create money, only in gold coin. What has happened since the Fed has been running things is that wealth has been cleverly stolen from the working man and woman and funneled into the pockets of rich bankers. They run the show, not politicians! Google Video: Money as Debt - Fiat Empire - Monopoly Men - The Money Masters - Freedom to Fascism - Zeitgeist.
well….we are …
well….we are unduly influenced by media which is, of course, the intention
“Bully people into …
“Bully people into buying a house?”. Give me a break…”A scam?”. Are you telling me this was bulied into buying a house. Blames everyone but himself. What a moron. Go look into the mirror sir. That is who is to blame. Not bush…not the banks…YOU.
Wow…you put the I …
Wow…you put the I in ignorant. This is huge on a lot of levels and the bottom line is that the banks made a ton of money off of SELLIING OUT the American Dream…do some research before you tear up the borrowers…
Everybody spreads …
Everybody spreads their flavor of propaganda. It’s up to you, an educated and informed adult to filter the truth from the lies. You really don’t have a choice but to approach things sceptically.
Do I feel sorry for people that have to loose their homes? Of course!!! Do I wish people were more responsible with their money? Absolutely!