LA county is considering a bail-out plan for people facing foreclosure

[newbiz]

as citizens and taxpayers, do we have any rights to sue the county for setting up such a fund?

I have a gambling problem and the Casino lured me with its ad’s of Cars and million $ jackpots. It was my american dream and ended up losing my shirt. I know a lot of other shirtless ppl, will the county set up a fund for me and my shirtless buddies?, no they wont, then why should the county set up a fund for ppl who gambled with speculative, leveraged moves in the housing market?

If and when such a fund is setup, can it be questioned in the courts?

[hipmatt]

The big question will be how they plan to administer it?
Who will get it, how much, etc??

Will those who recklessly heloc’ed and refied out all their equity and now can’t make the payments(boo hoo) get bailed out? Do they get to keep the Hummer, RVs and pool that they used the money on?

What if you stood no chance of making the payments anyways?

Will you have to plead that you were “duped” into taking on a loan that you weren’t fully aware of to qualify?

Can you play the “minority” card and get a bailout?

There are many more questions to determine who gets what…

if it does go through, it will be the biggest fluster cuck
of all time….

[hipmatt]

The big question will be how they plan to administer it?
Who will get it, how much, etc??

Will those who recklessly heloc’ed and refied out all their equity and now can’t make the payments(boo hoo) get bailed out? Do they get to keep the Hummer, RVs and pool that they used the money on?

What if you stood no chance of making the payments anyways?

Will you have to plead that you were “duped” into taking on a loan that you weren’t fully aware of to qualify?

Can you play the “minority” card and get a bailout?

There are many more questions to determine who gets what…

if it does go through, it will be the biggest fluster cuck
of all time….

[hipmatt]

The big question will be how they plan to administer it?
Who will get it, how much, etc??

Will those who recklessly heloc’ed and refied out all their equity and now can’t make the payments(boo hoo) get bailed out? Do they get to keep the Hummer, RVs and pool that they used the money on?

What if you stood no chance of making the payments anyways?

Will you have to plead that you were “duped” into taking on a loan that you weren’t fully aware of to qualify?

Can you play the “minority” card and get a bailout?

There are many more questions to determine who gets what…

if it does go through, it will be the biggest fluster cuck
of all time….

[no_such_reality]

That was the idiot councilman Alcaron a week or two ago. Here’s the story

“Alarcon, however, said the $100 million Affordable Housing Trust Fund, seemed a logical source of funding for his proposal. He had proposed taking $5 million from the fund for the effort.”
…
“Alarcon’s proposal called for making low-interest loans of up to $10,000 each to help people caught in the bind resulting from subprime mortgages and a drop in the housing market”

So basically a max of 500 homes, and I doubt $10,000 will do more than kick the can three months down the road. That’s a half of a month of homes. In July, LA county had 1074 foreclosures.

As I recall that clown’s comments on the morning news, he literally said something along the lines of ‘I know it won’t make a difference, but it’s about making a statement to the people’.

[no_such_reality]

That was the idiot councilman Alcaron a week or two ago. Here’s the story

“Alarcon, however, said the $100 million Affordable Housing Trust Fund, seemed a logical source of funding for his proposal. He had proposed taking $5 million from the fund for the effort.”
…
“Alarcon’s proposal called for making low-interest loans of up to $10,000 each to help people caught in the bind resulting from subprime mortgages and a drop in the housing market”

So basically a max of 500 homes, and I doubt $10,000 will do more than kick the can three months down the road. That’s a half of a month of homes. In July, LA county had 1074 foreclosures.

As I recall that clown’s comments on the morning news, he literally said something along the lines of ‘I know it won’t make a difference, but it’s about making a statement to the people’.

[no_such_reality]

That was the idiot councilman Alcaron a week or two ago. Here’s the story

“Alarcon, however, said the $100 million Affordable Housing Trust Fund, seemed a logical source of funding for his proposal. He had proposed taking $5 million from the fund for the effort.”
…
“Alarcon’s proposal called for making low-interest loans of up to $10,000 each to help people caught in the bind resulting from subprime mortgages and a drop in the housing market”

So basically a max of 500 homes, and I doubt $10,000 will do more than kick the can three months down the road. That’s a half of a month of homes. In July, LA county had 1074 foreclosures.

As I recall that clown’s comments on the morning news, he literally said something along the lines of ‘I know it won’t make a difference, but it’s about making a statement to the people’.

[drunkle]

i wonder how many people you could get to show up at city hall wearing “Chronic Gambler Needs Bailout… Too” sandwich board signs…

edit:

better yet, get all the homeless people up there with signs “Homeless since 1970, need bailout too”

[drunkle]

i wonder how many people you could get to show up at city hall wearing “Chronic Gambler Needs Bailout… Too” sandwich board signs…

edit:

better yet, get all the homeless people up there with signs “Homeless since 1970, need bailout too”

[drunkle]

i wonder how many people you could get to show up at city hall wearing “Chronic Gambler Needs Bailout… Too” sandwich board signs…

edit:

better yet, get all the homeless people up there with signs “Homeless since 1970, need bailout too”

[Anonymous]

They still need to actually reach the people they are trying to help. I find it hard to imagine people who are behind on payments and are getting calls from creditors answering their phone often if they see an unknown number. They probably will miss out on this because of fear of who is on the other line.

[Anonymous]

They still need to actually reach the people they are trying to help. I find it hard to imagine people who are behind on payments and are getting calls from creditors answering their phone often if they see an unknown number. They probably will miss out on this because of fear of who is on the other line.

[Anonymous]

They still need to actually reach the people they are trying to help. I find it hard to imagine people who are behind on payments and are getting calls from creditors answering their phone often if they see an unknown number. They probably will miss out on this because of fear of who is on the other line.

[wsm]

I wonder if I can just a house now and get qualify for the fund ? I really want to get over my head and then get some of my money back from the goverment (before someone else got it).

[wsm]

I wonder if I can just a house now and get qualify for the fund ? I really want to get over my head and then get some of my money back from the goverment (before someone else got it).

[Author]

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