Foreclosure freeze conspiracy theory

[Aecetia]

List of States where BOA is delaying foreclosures:

“In some states, lenders can foreclose quickly on delinquent mortgage borrowers. By contrast, the 23 states in which Bank of America is delaying foreclosures use a lengthy court process. They require documents to verify information on the mortgage, including who owns it.Those states are:
Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin.”

http://apnews.excite.com/article/20101002/D9IJFSU80.html

[sdrealtor]

More to come. News at 11….

[sdrealtor]

More to come. News at 11….

[sdrealtor]

More to come. News at 11….

[sdrealtor]

More to come. News at 11….

[sdrealtor]

More to come. News at 11….

[permabear]

[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.

[permabear]

[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.

[permabear]

[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.

[permabear]

[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.

[permabear]

[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.

[Aecetia]

“A major title insurance company has stopped insuring homes foreclosed by JPMorgan Chase, another sign that the controversy over the legal practices of the big lenders is starting to influence the housing market.”

[Aecetia]

“A major title insurance company has stopped insuring homes foreclosed by JPMorgan Chase, another sign that the controversy over the legal practices of the big lenders is starting to influence the housing market.”

[Aecetia]

“A major title insurance company has stopped insuring homes foreclosed by JPMorgan Chase, another sign that the controversy over the legal practices of the big lenders is starting to influence the housing market.”

[Aecetia]

“A major title insurance company has stopped insuring homes foreclosed by JPMorgan Chase, another sign that the controversy over the legal practices of the big lenders is starting to influence the housing market.”

[Author]

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