Ad Hoc Campaign Against Bailout of RE “professional”

[ocrenter]

this Mira Mesa woman June Reynos has been on TV the last few days as she has chained herself on to her foreclosed Mira Mesa home.

Reynos bought the property about 10 years ago. She refi’d well over $500k against the 1100 sqft property in 2006.

the ironic thing is Reynos works for a foreclosure rescue company and she claims she is a RE professional.

She now claims she’s a victim of the greedy banks.

and she is gaining support from San Diego and Los Angeles political, community and labor leaders.

there’s a press conference in SUPPORT of Reynos at noon today at the REO property 10169 Presley St, San Diego, CA 92126. Show that we the people are angry that people like Reynos is trying to play the victim card. And simply ask Reynos, “WHERE’s THE MONEY????”

see more details at http://bubbletracking.blogspot.com/

[j]

Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?

I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.

The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.

[j]

Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?

I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.

The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.

[j]

Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?

I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.

The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.

[j]

Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?

I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.

The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.

[j]

Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?

I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.

The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.

[cr]

I love it. You’re a financial and RE investment GENIUS who makes Warren Buffet look like Warren Buffoon when you “time” the RE market perfectly and you’re riding high on a sea of equity making you an instant housing lotto millionaire.

Then the bubble pops.

Reality sets in.

You realize equity is only wealth if you sell.

Now, you’re a helpless victim, “hornswoggled” into a mortgage you didn’t know you couldn’t afford, by some evil greedy bank actually trying to make money. Oh the horror! And now you can’t sell your house to someone else who can’t afford it, and can’t cash in on more money you worked so hard to earn.

Some “professional”.

This country has a lot to learn about responsibility.

[cr]

I love it. You’re a financial and RE investment GENIUS who makes Warren Buffet look like Warren Buffoon when you “time” the RE market perfectly and you’re riding high on a sea of equity making you an instant housing lotto millionaire.

Then the bubble pops.

Reality sets in.

You realize equity is only wealth if you sell.

Now, you’re a helpless victim, “hornswoggled” into a mortgage you didn’t know you couldn’t afford, by some evil greedy bank actually trying to make money. Oh the horror! And now you can’t sell your house to someone else who can’t afford it, and can’t cash in on more money you worked so hard to earn.

Some “professional”.

This country has a lot to learn about responsibility.

[cr]

I love it. You’re a financial and RE investment GENIUS who makes Warren Buffet look like Warren Buffoon when you “time” the RE market perfectly and you’re riding high on a sea of equity making you an instant housing lotto millionaire.

Then the bubble pops.

Reality sets in.

You realize equity is only wealth if you sell.

Now, you’re a helpless victim, “hornswoggled” into a mortgage you didn’t know you couldn’t afford, by some evil greedy bank actually trying to make money. Oh the horror! And now you can’t sell your house to someone else who can’t afford it, and can’t cash in on more money you worked so hard to earn.

Some “professional”.

This country has a lot to learn about responsibility.

[cr]

I love it. You’re a financial and RE investment GENIUS who makes Warren Buffet look like Warren Buffoon when you “time” the RE market perfectly and you’re riding high on a sea of equity making you an instant housing lotto millionaire.

Then the bubble pops.

Reality sets in.

You realize equity is only wealth if you sell.

Now, you’re a helpless victim, “hornswoggled” into a mortgage you didn’t know you couldn’t afford, by some evil greedy bank actually trying to make money. Oh the horror! And now you can’t sell your house to someone else who can’t afford it, and can’t cash in on more money you worked so hard to earn.

Some “professional”.

This country has a lot to learn about responsibility.

[cr]

I love it. You’re a financial and RE investment GENIUS who makes Warren Buffet look like Warren Buffoon when you “time” the RE market perfectly and you’re riding high on a sea of equity making you an instant housing lotto millionaire.

Then the bubble pops.

Reality sets in.

You realize equity is only wealth if you sell.

Now, you’re a helpless victim, “hornswoggled” into a mortgage you didn’t know you couldn’t afford, by some evil greedy bank actually trying to make money. Oh the horror! And now you can’t sell your house to someone else who can’t afford it, and can’t cash in on more money you worked so hard to earn.

Some “professional”.

This country has a lot to learn about responsibility.

[Author]

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