Obama did good even over congress

[Robert]

Basically Obama vetoed a bill that passed congress that would allow the mortgage companies a easier time repossessing peoples homes. I have lately seen to many homes taken by the banks and they are not nice about it either. I know situations that people have tried to contact them to arrange a way to stay in their homes and the banks wouldn't hear of it till it was way into the courts and then they would still not hear anything till the courts made them discuss options. With bail out money and the government urging banks to cut a deal but they aren't willing. So a good one for Obama, Congress was asleep at the wheel as usual but Obama came through. I talk against him so for a good thing I have to applaud him. These problems with the paper work are allowing people to keep their houses and the banks are lying and falsifying documents basically fraud, the bank could not produce the proper documents. Also when the banks go to court they give the courts a flood of documents and hope they are not checked. Because when they are sometimes there is no relevance to the case that is before the court at that time. Yes they are someone elses  papers and these @@@@ dont get fraud charges leveled against them.


The vetoed bill, which is two pages, would have required local courts to accept notarizations, including those made electronically, from across state lines. Its sponsors said it was intended to promote interstate commerce. Lawmakers saw no problems when the House approved it in April by a voice vote, which leaves no record of votes. The Senate passed the bill unanimously last week.

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/07/AR2010100707155.html

[grizs50]

This is a area that I know well, I have been on both sides of this and niether side is fun.

First everyone needs to understand there are 2 kinds of people out there, the "Broke on purpose" and the "Broke on accident"

Broke on accident people, lost a job or someone died etc, Broke on purpose people never pay their bills.

When I enter a home I can tell instantly which they were. When the asset management company calls me I never know what I am going to find.

Broke on accident people loved their home and cared for it and leave it clean, when they leave the house it's clean.

Broke on purpose people trash their house, they hate it and they hate the finance company that tried for a year or 2 trying to work it out with them. Then it takes another 6 months to a year to move them out of the home, most of the time they do 25-100k worth of damage to the home.

The finance company loses money "YOUR MONEY" when ever this happens.  Because the money they loan is the money you are saving. Or it's stimulis money which is your Tax Money.

The banks are trusted with your money, you want them to be good stewards of your money when you are saving it, but not good steward when they loan it out?

I have had to help people move out that are on both sides, and I have sold many of these homes over the years, preditory lending practices are at the root of all of this(IE,Fly by night finance companies! Not Banks!), people need to read and understand the fine print. Not just sign on the dotted line.

You can trust me or not, it makes no differance to me, just understand the banks are not at fault when people don't pay their mortgage, and they have a responsiblity to the share holders and the people who save at there bank to get this asset performing again. That means they are being a good steward of YOUR money.

[PAVALKER]

I'm not sure what he did was a "good" thing.  Isn't this like the Fanny Mae's and Freddy Mack's giving mortgage loans to people that should have never received them to begin with.  Now those folks that can't afford to make the payments on their homes (for whatever reason) will get to keep them anyhow???   And at what cost to others that can make their mortgage payments and other bills on time......    sounds more like spreading the wealth to me.   Just saying.......

[PharmBoy]

Talk about crippling our economy in one fill swoop!  What banker in going to loan a nickel on any home, either new or old, when they can no longer have any security on their investment?  When there is no home loans to be had, almost no one will be able to sell their home, almost no one will be able to buy a home of any kind, and the home building industry will be brought down to its knees in a hurry.  A houge segment of our economy will come to a complete stop. 
Yes, I feel sorry for anyone who looses their home, but a good portion of these people bought homes with payments way above their pay grade or sighned a baloon loan, never thinking of the day that the "BIG" payment would come due.  Many, many folks were talked into a home that they could not afford by lenders that knew that they would be "bailed out" by Fannie & Freddy which are funded by "OUR" tax dollars.  Government has no business at all in the housing industry, either constitutionally or morally, unless one subscribes to the "SPREAD THE WEALTH" mentality...JTL

[valkmc]

I don't have the spread the wealth mentality...I will keep what I got and others can keep what they have, but someone has to keep control of big business..My grandfather use to tell me stories of his working days in a sweat shop..I would not like to go back to those days..I don't trust most banks although I know there have to be some good ones and I don't trust the gov. but with out some control the middle guy, like me will get sh-t upon so the large corporations can make the bucks.

[PharmBoy]

In the last 40 years I have worked for a good number of individuals and several corporations.  I have never gotten a job from someone or a corporation that was not making money and I have always expected them to make a profit from my labor.  I have not yet known any business, commercial or private, that was large enough to employ others who did not need a loan to either get started or to expand.  Most all loans come from a banking institution of some kind and if these institutions cannot make a loan where they can be certain that the security for that loan is not whisked away by big government.  There will be no loans made.  Hince, no homes or businesses will be bought, sold, or expanded and no jobs created, only layoffs.  Just because banks have money to loan does not mean that they are going to loan it.  They need a business atmosphere where they can feel secure that they can count on the return of their investment.  What we are talking about here is the start of a slipery slope to the total stagnation of the American economy.  I am not so sure that this is not what the initial intention of this administration has been from the start.  With the collapse of our economy, most of us will have no other choice than to depend on the Federal Government for the basic necessities of life.  There are those in Washington D.C. who would be gloriously happy with TOTAL CONTROL...JTL 

[Robert]

All had some really good points, griz thanks for sharing that I can understand. I also agree with the banks needing to make money and I wouldn't want anyone to keep a house gratis. I have a problem with the predatory lending practices that have gone on for years and over night the rules changed and now you cant even get a loan. So that people who did bad loans maybe could get some new loans for longer or lower interest do you realize that our government is charging almost no interest to big borrowers but those big companies turn around and charge us? Plus there are  people that may have been able to keep their houses with a adjustment in the loan. Either in length, amount ,or maybe interest only for a couple of years. Banks will not deal thats where I have a problem. Banks received huge bailouts and some paid them back already do you think they are making a profit. Unless a house is in foreclosure they will not deal with you to adjust your mortgage. Even then they may not. Also lets be honest they already got their money through insurance because a default in the mortgage and then they get to keep the house. So I really dont have to much sympathy for the banks.

[RoadKill]

if you agreed to pay and you dont pay....SCREW YOU AND YOURS !

 Dont have to pay the bank this time? Are you gonna pay the landlord next time? WHY WOULD YOU? That landlord is paying interest and the mortgage...and you should not have to pay because you LIED that you could afford it for 30yrs?
  Hell I'm not paying my mortgage either then! I had to put braces on my dogs teeth and the cable T.V. bill went up!THEN... my best hooker found another pimp! I aint payin nuthin 'till Obama gives me what he promised 

Just because he told some rich banker to get screwed dont mean he gave me any extra rent money!
            WHERE IS MY HAND OUT ? ! OBAMA LIED ! ! ! !

[Jeff K]

this is going to have a huge negative impact on the economy. Those foreclosed homes will sit  for another year with no upkeep or maintenance. They will fall into disrepair. There are so many decrepit abandoned housed out there now, this will only make it worse. And why would you let someone live for free in a house they won't pay for? All the homes that are in forclosure will come off the market.
Huge impact on the economy, and it will retard the housing recovery by a year at least. Paper work errors aside, if an owner isn't making payments they should be foreclosed on and the property sold. It's just that simple.

Who held a gun to these people's heads and forced them to buy homes?   

[Sludge]

well said Jeff

[stormrider]

my brother is a home builder in GA. was building 80 + per year. he testified before the senate banking committee earlier this year at a hearing in Atlanta along with other home builders, mortgage companies and bankers. Don't know if anything will ever come of it.
He will tell you that at one time he respected the bankers he dealt with but they lied and munipulated him. He tried to work with them but they turned their backs on him. You gotta remember that greed drives, you know, the desire to have more, make more, etc. and you'll be cursed if you get in the way.
now that said, GA had a state law that pretty much kept out the predatory banking practices but the federal judges nulified GA law and made the banks make risky loans. and who pays? gaurantee you that the judges haven't taken a pay cut, those hurt the worst are home builders that were providing a mechanism for growth in our country. follow the money.

[stormrider]

this is going to have a huge negative impact on the economy. Those foreclosed homes will sit  for another year with no upkeep or maintenance. They will fall into disrepair. There are so many decrepit abandoned housed out there now, this will only make it worse. And why would you let someone live for free in a house they won't pay for? All the homes that are in forclosure will come off the market.
Huge impact on the economy, and it will retard the housing recovery by a year at least. Paper work errors aside, if an owner isn't making payments they should be foreclosed on and the property sold. It's just that simple.

Who held a gun to these people's heads and forced them to buy homes?   

I think you posted while I was typing. The federal judges held a gun to the banks head and forced them to make the loans. And how can we blame the people who didn't have a home for at least trying, which wouldn't have happened if it hadn't been for these judges decisions.

[Oss]

I have seen many folks in my practice who try to contact the bank before they fall behind and the bank tells them go to hell

Also banks bring foreclosure without ever producing the mortgage documents

Also when a loan is sold the bank which sold the loan continues to take the monthly or twice monthly payment from the borrower and the new servicer also does the same

The banking dept and atty general are totally useless in NY state   Homeowner can only sue in small claims for each payment stolen one at a time to get the banks attention

Now some folks are scum and never intended to pay and then dont and were in cahoots with the loan company  Those can kiss off and deserve what they get and it pisses me off to see them get away with that

Also tenants who dont work, dont want to work and have 7 non english speaking kids not paying the rent are a large part of why homeowners go under in NYC. It aint pretty but thats how it is  Welfare opened a pandora box in the 1960s that is not gonna get closed anytime soon and every year I see more and more tenants cant speak english and dont work

 I think I am on the front line in the Bronx doing this 28 years with my small law practice.  I never worked for a bank or mortgage company and stayed away from the easy money because my license means I can support my family and I want to keep it

Sometimes the answer is take your loss and move on but sometimes its follow the rules mr banker and allow the homeowner to use the program so nobody loses before its too late  When the homeowner does a workout we all win and the housing values stop dropping  my 2 cents and its worth what you paid

and like RJ says.... thats all I got to say about that

[Jeff K]

this is going to have a huge negative impact on the economy. Those foreclosed homes will sit  for another year with no upkeep or maintenance. They will fall into disrepair. There are so many decrepit abandoned housed out there now, this will only make it worse. And why would you let someone live for free in a house they won't pay for? All the homes that are in forclosure will come off the market.
Huge impact on the economy, and it will retard the housing recovery by a year at least. Paper work errors aside, if an owner isn't making payments they should be foreclosed on and the property sold. It's just that simple.

Who held a gun to these people's heads and forced them to buy homes?   

I think you posted while I was typing. The federal judges held a gun to the banks head and forced them to make the loans. And how can we blame the people who didn't have a home for at least trying, which wouldn't have happened if it hadn't been for these judges decisions.

Maybe, but, they were all adults, the bank may have been too lenient toward a borrower, but it is ultimately a borrowers decision to agree to a loan. If they didn't have the means to pay, it is 100% their fault. People shopped for a lender that would do "predatory lending" and now bitch that they were taken advantage of.  They really thought they would get rich "flipping" houses, and got bit in the ass. I can't shed a tear for them.

We saw it in Jax, they built 100 homes across the road from us in 2004, I told Joanne then that it was going to be a problem. They had no money for drapes, lawn, driveways, landscaping... and the cars they had in the driveways were a clear indication that they were in over their heads.

100% the fault of the buyer.

[stormrider]

this is going to have a huge negative impact on the economy. Those foreclosed homes will sit  for another year with no upkeep or maintenance. They will fall into disrepair. There are so many decrepit abandoned housed out there now, this will only make it worse. And why would you let someone live for free in a house they won't pay for? All the homes that are in forclosure will come off the market.
Huge impact on the economy, and it will retard the housing recovery by a year at least. Paper work errors aside, if an owner isn't making payments they should be foreclosed on and the property sold. It's just that simple.

Who held a gun to these people's heads and forced them to buy homes?  

I think you posted while I was typing. The federal judges held a gun to the banks head and forced them to make the loans. And how can we blame the people who didn't have a home for at least trying, which wouldn't have happened if it hadn't been for these judges decisions.

Maybe, but, they were all adults, the bank may have been too lenient toward a borrower, but it is ultimately a borrowers decision to agree to a loan. If they didn't have the means to pay, it is 100% their fault. People shopped for a lender that would do "predatory lending" and now bitch that they were taken advantage of.  They really thought they would get rich "flipping" houses, and got bit in the ass. I can't shed a tear for them.

We saw it in Jax, they built 100 homes across the road from us in 2004, I told Joanne then that it was going to be a problem. They had no money for drapes, lawn, driveways, landscaping... and the cars they had in the driveways were a clear indication that they were in over their heads.

100% the fault of the buyer.

Agree with you on the buyer being at fault for losing their home. But they and our economy wouldn't be in the shape it's in if it weren't for the federal judges forcing the  bankers/mortgage companies into making bad loans. And yes, in GA there were numerous mortgage companies that set up shop to make a quick buck. Now we're all paying for it. 

[Jeff K]

this is going to have a huge negative impact on the economy. Those foreclosed homes will sit  for another year with no upkeep or maintenance. They will fall into disrepair. There are so many decrepit abandoned housed out there now, this will only make it worse. And why would you let someone live for free in a house they won't pay for? All the homes that are in forclosure will come off the market.
Huge impact on the economy, and it will retard the housing recovery by a year at least. Paper work errors aside, if an owner isn't making payments they should be foreclosed on and the property sold. It's just that simple.

Who held a gun to these people's heads and forced them to buy homes?  

I think you posted while I was typing. The federal judges held a gun to the banks head and forced them to make the loans. And how can we blame the people who didn't have a home for at least trying, which wouldn't have happened if it hadn't been for these judges decisions.

Maybe, but, they were all adults, the bank may have been too lenient toward a borrower, but it is ultimately a borrowers decision to agree to a loan. If they didn't have the means to pay, it is 100% their fault. People shopped for a lender that would do "predatory lending" and now bitch that they were taken advantage of.  They really thought they would get rich "flipping" houses, and got bit in the ass. I can't shed a tear for them.

We saw it in Jax, they built 100 homes across the road from us in 2004, I told Joanne then that it was going to be a problem. They had no money for drapes, lawn, driveways, landscaping... and the cars they had in the driveways were a clear indication that they were in over their heads.

100% the fault of the buyer.

Agree with you on the buyer being at fault for losing their home. But they and our economy wouldn't be in the shape it's in if it weren't for the federal judges forcing the  bankers/mortgage companies into making bad loans. And yes, in GA there were numerous mortgage companies that set up shop to make a quick buck. Now we're all paying for it. 

When I was 18 way back in the stone ages... I really wanted a new 4X4 F250, wanted it real bad... The dealer took my deposit, and we (even at the ages of 17 and 18) had a policy of never buying anything "on the spot", so we went home and talked about it. We decided that at the end of the week we could afford the new truck, but we would have no money left over, none, so we went back to the dealer and got our deposit back.
So, if dumbass dope smoking kids have enough sense to back out of a bad deal I have little pity on full blown adults.

[Oss]

lil D  I was thinkin of you when I wrote that reply

Yep there is bad apples on both sides

and there is good folks getting squeezed by a court system that wont evict tenants that dont pay which forces the homeowner into default   Bronx county Housing court is now up to index number 50000 and that is just the Bronx my friends.  Perfect storm indeed  is raging

I see judges sign many court orders that give 7 months to tenant who is not paying ANY rent and they dont care that the homeowner is now forced into foreclosure and bankruptcy

I hear in most southern states you can get a tenant out in a month.  NY needs that as most houses are not 1 family here in the Bronx and the Landlord gets hosed by this system that the DEMOCRATS have put in place over a generation

[Tropic traveler]

I've seen both sides of the home loan mess as well myself. I know that there are many legit cases of bad things happening to good intentioned people that cause them to get into bad financial situations but........ for every one like that I see MANY more that could have been easily avoided.
First off the concept of a "bad bank forcing" someone to buy a house is ridiculous. Where in the name of God has common sense & just a little forethought gone in this country!?!? There have been WAY too many posers who for whatever reason bought too big, too new, too opulent a home that they had NO business living in. Who do some of these people think they are? I see this all the time in the car biz. Nitwits go out & buy a luxury car totally stretching their budget to the limit & then act all shocked, mad, & upset over the cost to repair & maintain them. Frickin' DUUUH!! How do you think an expensive vehicle got to be so expensive in the first place?? Idiots. All they were concerned about was impressing God knows who for whatever reason when they bought the car. Whatever happened to buying a home or car that was LESS money than what you can afford???
Some people are just not capable of owning a home. Renting should be a viable option.
I say let all these foreclosed houses become just that, foreclosed. When the prices finally settle down { a lot of this so called housing price bust is really just a correction IMO} let the responsible people buy them up & RENT them back to those former mental midgets who screwed up in the first place. They have already proven themselves not able to properly manage their finances so aint life tough.
I guess common sense aint so common anymore.
But OHH, it's the American Dream to own your own home. Horsepoop... It's MY American Dream to be able to keep what I earn & not have to pay for the stupidity of others. I understand bad things happen but, If stupid doesn't hurt- Stupid keeps happening.

[grizs50]

There are 2 seperate depts in every banking instution, there is collections where the majority of people get there idea of the mean ol banker, I really think those people are hatched on a seperate planet and brought here to work.

Then there is the Loss Midagation Dept. Their job is to save the loan if they can, the banks ALWAYS Lose money(YOUR MONEY) when they have to foreclose, it is much better to keep you even if you are slow pay the to have to foreclose.

Here is the problem, NO ONE knows about Loss Mitagation.  The only people most folks ever talk to about their loan is collections.

When you call your bank, ask for Loss Mitigation and tell them you have lost you job or what ever the trouble is and ask for a Loan modification. They will send a stack of papers to you and you will have to tell the whole story and give your life's history, however I have helped save many homes this way. However most people don't believe me, mostly because they have only ever talked to collections.

I have to go and talk to people who are beat down and on their last leg, I don't like it and they will no longer listen. It's a real shame, Had they spoken with me 6 months earlier I would not be knocking on their door now.

For the most part people don't understand that they are renting their house from the bank who paid for most of it, you don't own it and it's not yours untill the day the last payment is made. The bank trust you to take good care of their property, which by the way accually is owned by the depositors of the bank the banker is merely the face of the bank. The banker is doing his best to make sure you don't loss your money your place on deposit with him, and he has to loan that money out to collect the interest, he keeps part for running the bank and pays the rest back to the depositors as interest on your savings.

So he is in a very tough spot.

The Federal Reserve loans money to banks at a cut rate so there is room for the bank to make money.

So lets say, you and a bunch of your friends get together and decide to put your money up to form a bank. And you have 1 mil to loan out. When you make 10, $100,000 home loans you are out of money for 30 years until you get it all paid back. What to do?, What to DO!

The Fed says I will back those loans and loan you another one Mil so you can make more loans and not have to wait 30 years to get your money back.

You say cool the fed starts working on it, in the mean time one of your $100,000 loans defaults, the fed looks at your books and say well you are out 100k we can't loan you that mil we promissed.

So you go back to that person and try to collect to get that loan back in black so you can borrow the mil you need to stay in business. They won't budge the dog needs a hip replacement or something!

You try everything, finaly you kick them out, fix all the busted stuff in the house25-30k in repairs, and you sell the house for 30% off to move it quickly, (STIIL TRYING TO GET THE MIL) then you write off the loss tell your friends "Sorry we lost 60k on that deal, better luck next time and the fed loans you the mil you need to stay in business.

Quite honestly it takes Balls the clank to be in that type of business, you better have nerves of steel.

[fstsix]

Been flipping real estate for 25 years, the problem? STATED INCOME LOANS !!!! 80-20 Loans NO Skin in the game AKA,,,,NO Down Payment!!! I have NEVER purchased a Property without 20% Down payment!! The FDIC should have never put US at risk...But remember BAWNEY FRANK is a Harvard Grad !!!! and special interest Acorn as example was putting pressure on the Banks to keep the ACLU off their Backs..ANYBODY can sign a piece of Paper!! Maybe some Accountability like the old days really WORKED!! you know WORK FOR IT! with a down payment!! 

[Robert]

Banks are a buisness just like any other with ups and downs. If you dont pay your rent then you should be out along with these scammers that Oss talked about. My son rented houses and one he had a problem with damage from the Hurricane and was fixing it up as the insurance would pay. Well a person moved into the house unknown to my son established a bill and when he came to finish off the house he found them living there rent free no deposit no agreement no nothing. Called the police and they would not do a thing.
 My friend who has a been with a mortgage company 14 years wanted to get in with the lower interest rates so called the company that had the mortgage. He had no lates paid good and good credit. Was told that his debt to income ratio was at 65 instead of 45 so the bank rejected the application. Even though that the new interest would have put them closer to the 45 and they are still with that  bank.
 Here the housing prices have been good up untill the crash so that homes were going for top dollar. There  is a law that says a certain portion of your housing has to be accessable to lower income families. Well the long and short is the city had to build houses pay for them and charge next to nothing to lower income families. Now that really frosted me.
   The goverment has been the biggest problem in this whole equation. Carter,Clinton mainly because it was Carter that wrote into law the laws that led to lax loan policies and Clinton that really made them happen. They over rode all the normal requirements for loans saying that everyone needs to have a house. Where are they now????? Why dont we yell at them where are the houses????
  I know that there are scammers to the system and that in the old days everyone for the sake of apperance lived right to the hilt and when this came down it was sudden and those that did this were caught, well with there pants down. Ok now what about the stock market or any other investment when did they become iron clad investments??? When did it become that if you loose money in anything like banking or stocks that you should be entitled to some if not all of your money back. When people lost money with Madoff why did the Feds help people or with the colapse of wall street did we have to spend bailout money to them????? All these things are buisness investments that people with extra money wanted to make their money work for them and there is always a possiblity of loss.
  Like Oss said these laws need to be changed to be more fair to the people that actually own the houses and property but how many people go their butt caught in a system that took a 90 degree turn. That is all I am saying about this whole problem, it s really interesting to hear the stories and to one that responded I hope that he will not be put into a position of having your promises fall to the ground. I have seen the good and the bad and I was personally criticized for living in our means and not going overboard only to have the ones that criticized me go into foreclosure. In Palm Beach you cannot believe the houses property and just plain stuff that was going into auctions because Madoff took peoples retirements and finances and trashed them. Im talking multimillion dollar homes that went on the chopping block. I know in the hustle and bustle of life that sometimes you cannot see the whole pic but I tell you things are not only not good but slowing more.
 My neighbor had a buisness sold it and took that money and mortgaged his house for all its worth and with the economy lost the buiseness and now is loosing his house. There was no negotiating with the banks he tried. He has been in that house for 20 years you tell me what you want him to do.
 To those that said throw the bum out I hope it never happens to you. What goes around comes around. For scammers I hope it does happen to them they deserve it. To the banks they need to be a bit more flexible it seems to me someone paying in a house is worth more than it sitting empty. The banks are also responsible for upkeep that includes cutting the lawn and all that goes with it. Wouldn't it make more sense to try to keep these people in their homes to pay something with the idea to revisit the loan in a year then 3 then 5 to see if it is working. Maybe a balloon at the end the banks still make interest and sort out the good and the bad instead of just throwing all out. I agree that its about the money and that it will put a burden on the economy but how much of a burden does it put on the banks if they already have the insurance for the house??? They already got paid and yet still got a bail out. AIG went out for this very reason, How about GM,Chrysler and the many other companies the government bailed out and not one dime one program one bit of help for the common slob loosing his house. Even though help was supposed to come from this organization that the admin started that all it turn out to be was credit counseling but it was held up as a help to get financing and loan modification. Why did all you who object object to these things????? I say that instead of helping the big guys that there should have been some real help to the average joe. Gm is maybe going to be profitable after wiping out all there debts and reforming the company. Do you realize that it required saying to all the people GM owed money to that your never going to get your money and hell well just start another company call it GM and with the governments blessings and finances make a go of it. I wish I could have done that with my company I would be going great guns right now. WHY didnt this happen with the homeowner??

[Dogg]

yo say that people who couldnt afford a home bought a home and that is the problem now...yes, we had it here too. buy a 600,000$ home on 50k a year salary. no money down.
and they sold...the ones that could afford to live there still live there but, are over their heads due to the rest of them being forclosed and values because of this inflated market becasue of easy money. that 600,000$ home is worth 310 now. justify that. most walk away. no worries. but honest people, hard working people and people who have suffered from this econocmy cannot be to blame. Dont judge ubtil you know the facts. One person is different than the next. and truth be told, MOST of these recent foreclosures have been on honest people, trying to save their homes, working 2 and 3 jobs to keep up and the banks like weels fargo and countrywide will have no part of modifying anything. they are bulk selling homes to major investors who are sitting on them.  the "Honest" buyer who wants to invest is so far and few between it isnt funny. It the oppurtunist companies that will benefit from this. big companies selling foreclosed homes to big attorneys and big companies that know the way around the system. 

 My wife does real estate title. It has been very sad lately because of the work. but these big banks are scheduling foreclosure hearings before the paperwork is even recorded and a courtdate can be assigned. you cant schedule a courtdate until the recordings of deeds are done. but for some reason, these big banks are scheduling dozens at a time and people like my wife have to race around to get the recording done. not to mention the court date going to the home owner is within 10 days of receipt of the notice. Big banks took advantage and are crooked. period. and its still all about the money. some people to blame yes, but most are honest homeowners. the banks offered it to a puppet society and of course, they bought into it. I put over 100k down on my house when I bought it. I owe less than I own and I have been having problems. the realestate market and automotive markets took a major hit and we were both out of work for 10 months. Being in a rural area, aint much else to do. most of the builders here are gone, most of anytype of construction here are gone. the little guys dont exist here anymore. so, please, before you stereotype anyone who is in forclosure, get the facts straight. its big business, big banks and the fed that put us in this...

[Robert]

YOU NEVER OWN YOUR HOME JUST STOP PAYING THE TAXES AND FIND OUT WHAT HAPPENS

[stormrider]

YOU NEVER OWN YOUR HOME JUST STOP PAYING THE TAXES AND FIND OUT WHAT HAPPENS

Robert, I agree 100%. It's called Fascism. Been in existance for quite awhile here in the good ole USA. Our homeowners tax has gone up from about $450 in 2004 to over $670. Maybe not much compared to some states but still a pretty big increase in that lenght of time. And I fight them everytime they try to increase it or it would be more. The last two years increases were lowered because I fought them and won.
Again, your right, and who's willing to stand up to them. They give every excuse in the world for "needing" to tax your property and most have agreed to it in the past such as schools, community hospitals, etc. I sent my kids to private school and paid for the public schools as well. And the public schools cost between 2 to 4 times as much to operate as a private school with a lot less results in Apptitude scores.
Oh well, not too many people really interested in making a difference. We've been decieved into thinking we can make a difference at the polls. I honestly believe a gun in the hand is worth more than 100,000 votes or the promises of a million politicians.