Foreclosed Homeowners Break Into Former Home

[jameswenn]

[quote=Krista]There are borrowers who legitimately need and deserve help. [/quote]

Why do borrowers need help? Doesn’t this mean that a borrower stretched themselves way too thin?

[Anonymous]

Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.

I don’t consider borrowers with equity who can no longer afford the payment as being victims because they can sell and either buy or rent something less expensive.

I don’t consider borrowers who refuse to alter their lifestyle or refuse to take a second job as victims either.

I also don’t consider borrowers who inflated their income on the application and didn’t read the loan documents, took cash out etc, and being victims either.

The Earls are especially not victims. They took cash out, and had an equity line as well. They defaulted on the cash out loan shortly after it was taken out and there were several foreclosure actions in the last few years. They also failed to take appropriate and timely legal action. There was not a lis pendens filed, they did not have an active lawsuit against the lender, and it does not appear that they attempted to get an injunction.

[Anonymous]

Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.

I don’t consider borrowers with equity who can no longer afford the payment as being victims because they can sell and either buy or rent something less expensive.

I don’t consider borrowers who refuse to alter their lifestyle or refuse to take a second job as victims either.

I also don’t consider borrowers who inflated their income on the application and didn’t read the loan documents, took cash out etc, and being victims either.

The Earls are especially not victims. They took cash out, and had an equity line as well. They defaulted on the cash out loan shortly after it was taken out and there were several foreclosure actions in the last few years. They also failed to take appropriate and timely legal action. There was not a lis pendens filed, they did not have an active lawsuit against the lender, and it does not appear that they attempted to get an injunction.

[Anonymous]

Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.

I don’t consider borrowers with equity who can no longer afford the payment as being victims because they can sell and either buy or rent something less expensive.

I don’t consider borrowers who refuse to alter their lifestyle or refuse to take a second job as victims either.

I also don’t consider borrowers who inflated their income on the application and didn’t read the loan documents, took cash out etc, and being victims either.

The Earls are especially not victims. They took cash out, and had an equity line as well. They defaulted on the cash out loan shortly after it was taken out and there were several foreclosure actions in the last few years. They also failed to take appropriate and timely legal action. There was not a lis pendens filed, they did not have an active lawsuit against the lender, and it does not appear that they attempted to get an injunction.

[Anonymous]

Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.

I don’t consider borrowers with equity who can no longer afford the payment as being victims because they can sell and either buy or rent something less expensive.

I don’t consider borrowers who refuse to alter their lifestyle or refuse to take a second job as victims either.

I also don’t consider borrowers who inflated their income on the application and didn’t read the loan documents, took cash out etc, and being victims either.

The Earls are especially not victims. They took cash out, and had an equity line as well. They defaulted on the cash out loan shortly after it was taken out and there were several foreclosure actions in the last few years. They also failed to take appropriate and timely legal action. There was not a lis pendens filed, they did not have an active lawsuit against the lender, and it does not appear that they attempted to get an injunction.

[Anonymous]

Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.

I don’t consider borrowers with equity who can no longer afford the payment as being victims because they can sell and either buy or rent something less expensive.

I don’t consider borrowers who refuse to alter their lifestyle or refuse to take a second job as victims either.

I also don’t consider borrowers who inflated their income on the application and didn’t read the loan documents, took cash out etc, and being victims either.

The Earls are especially not victims. They took cash out, and had an equity line as well. They defaulted on the cash out loan shortly after it was taken out and there were several foreclosure actions in the last few years. They also failed to take appropriate and timely legal action. There was not a lis pendens filed, they did not have an active lawsuit against the lender, and it does not appear that they attempted to get an injunction.

[NotCranky]

I wonder what the potential landlord thinks of these people? Other than with the extreme wackos, it’s not so bad to have the foreclosure or shortsales going on, but you have to be careful of people like this wasting your time “just in case” they need a place.So many are just in the work anyone and everyone mode.

The shitty Lawyers are basically trying to blackmail the tyrants. Maybe he is stupid but if the tyrants leave the door cracked open so it’s bound to happen.

Rampant moral hazard from the top down has created this.Cheats and scammers top to bottom. What kind of system for a country is this? Pathetic.

[NotCranky]

I wonder what the potential landlord thinks of these people? Other than with the extreme wackos, it’s not so bad to have the foreclosure or shortsales going on, but you have to be careful of people like this wasting your time “just in case” they need a place.So many are just in the work anyone and everyone mode.

The shitty Lawyers are basically trying to blackmail the tyrants. Maybe he is stupid but if the tyrants leave the door cracked open so it’s bound to happen.

Rampant moral hazard from the top down has created this.Cheats and scammers top to bottom. What kind of system for a country is this? Pathetic.

[NotCranky]

I wonder what the potential landlord thinks of these people? Other than with the extreme wackos, it’s not so bad to have the foreclosure or shortsales going on, but you have to be careful of people like this wasting your time “just in case” they need a place.So many are just in the work anyone and everyone mode.

The shitty Lawyers are basically trying to blackmail the tyrants. Maybe he is stupid but if the tyrants leave the door cracked open so it’s bound to happen.

Rampant moral hazard from the top down has created this.Cheats and scammers top to bottom. What kind of system for a country is this? Pathetic.

[NotCranky]

I wonder what the potential landlord thinks of these people? Other than with the extreme wackos, it’s not so bad to have the foreclosure or shortsales going on, but you have to be careful of people like this wasting your time “just in case” they need a place.So many are just in the work anyone and everyone mode.

The shitty Lawyers are basically trying to blackmail the tyrants. Maybe he is stupid but if the tyrants leave the door cracked open so it’s bound to happen.

Rampant moral hazard from the top down has created this.Cheats and scammers top to bottom. What kind of system for a country is this? Pathetic.

[NotCranky]

I wonder what the potential landlord thinks of these people? Other than with the extreme wackos, it’s not so bad to have the foreclosure or shortsales going on, but you have to be careful of people like this wasting your time “just in case” they need a place.So many are just in the work anyone and everyone mode.

The shitty Lawyers are basically trying to blackmail the tyrants. Maybe he is stupid but if the tyrants leave the door cracked open so it’s bound to happen.

Rampant moral hazard from the top down has created this.Cheats and scammers top to bottom. What kind of system for a country is this? Pathetic.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[jameswenn]

[quote=Krista]Mind you, this is not an exhaustive list:

1. Borrower was laid off, and forced to take a job earning less.
2. Death or illness of principal borrower.
3. Death or illness of family member.
4. Hardship is temporary in nature, and borrowers have long history of performance and the willingness and desire to make lender whole.
5. Borrower forced to take early retirement.
6. Borrower hit by a drunk driver.
7. The property has been damaged by fire or other natural disaster and/or has defects that the buyer was not aware that have to be resolved.
[/quote]

I used to work for the servicing division at Countrywide Home Loans, and they were always willing to work with a borrower to get through temporary hardships, but 1 and 5 are not reasons for help.

[Author]

Posts