nationwide foreclosure moratorium!

[fun4vnay2]

[quote=SD Realtor]Watch me pull another rabbit out of my hat![/quote]

I think from now on the waiters will be the losers…

Probably, for me time to look for a aggressive Realtor.

[Coronita]

http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. “Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”

Sure…foreclosed people are “victims”…..

Dear Senator Dodd,

“(Honest) Americans should not have to worry about losing their life savings to sloppy bureaucratic mismanagement or fraud commited by the government,” Flu said. “Regulators at the federal, state, and local levels have a responsbility to uphold the law and protect taxpayers from unfair gouging by the IRS,state,local goverments, and pension boards, and judges have a duty to not cut corners in enforcing laws”.

[Coronita]

http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. “Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”

Sure…foreclosed people are “victims”…..

Dear Senator Dodd,

“(Honest) Americans should not have to worry about losing their life savings to sloppy bureaucratic mismanagement or fraud commited by the government,” Flu said. “Regulators at the federal, state, and local levels have a responsbility to uphold the law and protect taxpayers from unfair gouging by the IRS,state,local goverments, and pension boards, and judges have a duty to not cut corners in enforcing laws”.

[Coronita]

http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. “Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”

Sure…foreclosed people are “victims”…..

Dear Senator Dodd,

“(Honest) Americans should not have to worry about losing their life savings to sloppy bureaucratic mismanagement or fraud commited by the government,” Flu said. “Regulators at the federal, state, and local levels have a responsbility to uphold the law and protect taxpayers from unfair gouging by the IRS,state,local goverments, and pension boards, and judges have a duty to not cut corners in enforcing laws”.

[Coronita]

http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. “Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”

Sure…foreclosed people are “victims”…..

Dear Senator Dodd,

“(Honest) Americans should not have to worry about losing their life savings to sloppy bureaucratic mismanagement or fraud commited by the government,” Flu said. “Regulators at the federal, state, and local levels have a responsbility to uphold the law and protect taxpayers from unfair gouging by the IRS,state,local goverments, and pension boards, and judges have a duty to not cut corners in enforcing laws”.

[Coronita]

http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. “Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”

Sure…foreclosed people are “victims”…..

Dear Senator Dodd,

“(Honest) Americans should not have to worry about losing their life savings to sloppy bureaucratic mismanagement or fraud commited by the government,” Flu said. “Regulators at the federal, state, and local levels have a responsbility to uphold the law and protect taxpayers from unfair gouging by the IRS,state,local goverments, and pension boards, and judges have a duty to not cut corners in enforcing laws”.

[davelj]

We always knew that both the irresponsible lenders and their irresponsible borrowers were responsible for this mess (choose your own personal weighting).

Now we see further confirmation of how incestuous this relationship is. Irresponsible servicers (the largest owned by irresponsible banks) cut corners to foreclose on irresponsible borrowers and now the latter are suing the former. It’s actually pretty hysterical in a way. I mean, the borrowers are supposed to get foreclosed on – they’re not paying and they certainly don’t deserve to stay in the property. But because the servicers haven’t gone about foreclosing on them in a completely technically legal manner (robo-signing and god knows what else), the borrowers have some flimsy, and ultimately unenforceable, claim on the property.

Anyhow, this just delays the inevitable. All of these deadbeats will ultimately be removed from their residences (or get modifications). But the servicers are going to take it in the arse in terms of additional expense and hassle. And inventory will continue to be kept off the market, with the predictable impact on prices.

[davelj]

We always knew that both the irresponsible lenders and their irresponsible borrowers were responsible for this mess (choose your own personal weighting).

Now we see further confirmation of how incestuous this relationship is. Irresponsible servicers (the largest owned by irresponsible banks) cut corners to foreclose on irresponsible borrowers and now the latter are suing the former. It’s actually pretty hysterical in a way. I mean, the borrowers are supposed to get foreclosed on – they’re not paying and they certainly don’t deserve to stay in the property. But because the servicers haven’t gone about foreclosing on them in a completely technically legal manner (robo-signing and god knows what else), the borrowers have some flimsy, and ultimately unenforceable, claim on the property.

Anyhow, this just delays the inevitable. All of these deadbeats will ultimately be removed from their residences (or get modifications). But the servicers are going to take it in the arse in terms of additional expense and hassle. And inventory will continue to be kept off the market, with the predictable impact on prices.

[davelj]

We always knew that both the irresponsible lenders and their irresponsible borrowers were responsible for this mess (choose your own personal weighting).

Now we see further confirmation of how incestuous this relationship is. Irresponsible servicers (the largest owned by irresponsible banks) cut corners to foreclose on irresponsible borrowers and now the latter are suing the former. It’s actually pretty hysterical in a way. I mean, the borrowers are supposed to get foreclosed on – they’re not paying and they certainly don’t deserve to stay in the property. But because the servicers haven’t gone about foreclosing on them in a completely technically legal manner (robo-signing and god knows what else), the borrowers have some flimsy, and ultimately unenforceable, claim on the property.

Anyhow, this just delays the inevitable. All of these deadbeats will ultimately be removed from their residences (or get modifications). But the servicers are going to take it in the arse in terms of additional expense and hassle. And inventory will continue to be kept off the market, with the predictable impact on prices.

[davelj]

We always knew that both the irresponsible lenders and their irresponsible borrowers were responsible for this mess (choose your own personal weighting).

Now we see further confirmation of how incestuous this relationship is. Irresponsible servicers (the largest owned by irresponsible banks) cut corners to foreclose on irresponsible borrowers and now the latter are suing the former. It’s actually pretty hysterical in a way. I mean, the borrowers are supposed to get foreclosed on – they’re not paying and they certainly don’t deserve to stay in the property. But because the servicers haven’t gone about foreclosing on them in a completely technically legal manner (robo-signing and god knows what else), the borrowers have some flimsy, and ultimately unenforceable, claim on the property.

Anyhow, this just delays the inevitable. All of these deadbeats will ultimately be removed from their residences (or get modifications). But the servicers are going to take it in the arse in terms of additional expense and hassle. And inventory will continue to be kept off the market, with the predictable impact on prices.

[davelj]

We always knew that both the irresponsible lenders and their irresponsible borrowers were responsible for this mess (choose your own personal weighting).

Now we see further confirmation of how incestuous this relationship is. Irresponsible servicers (the largest owned by irresponsible banks) cut corners to foreclose on irresponsible borrowers and now the latter are suing the former. It’s actually pretty hysterical in a way. I mean, the borrowers are supposed to get foreclosed on – they’re not paying and they certainly don’t deserve to stay in the property. But because the servicers haven’t gone about foreclosing on them in a completely technically legal manner (robo-signing and god knows what else), the borrowers have some flimsy, and ultimately unenforceable, claim on the property.

Anyhow, this just delays the inevitable. All of these deadbeats will ultimately be removed from their residences (or get modifications). But the servicers are going to take it in the arse in terms of additional expense and hassle. And inventory will continue to be kept off the market, with the predictable impact on prices.

[davelj]

[quote=flu]http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. [/quote]

“Their homes”? THEIR homes?! That is rich. These are not THEIR homes – they’re the LENDERS’ homes! A home becomes YOUR home after you’ve paid off the mortgage. Until then, the lender is the senior partner in the arrangement and gets to choose what happens when you break the contract and stop paying. And this clown is on the Senate Banking Committee… no wonder we’re in such deep shit.

Now clearly the servicers haven’t handled this process well at all. And they deserve to lose their asses. But please. THEIR homes? That makes me ill.

[davelj]

[quote=flu]http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. [/quote]

“Their homes”? THEIR homes?! That is rich. These are not THEIR homes – they’re the LENDERS’ homes! A home becomes YOUR home after you’ve paid off the mortgage. Until then, the lender is the senior partner in the arrangement and gets to choose what happens when you break the contract and stop paying. And this clown is on the Senate Banking Committee… no wonder we’re in such deep shit.

Now clearly the servicers haven’t handled this process well at all. And they deserve to lose their asses. But please. THEIR homes? That makes me ill.

[davelj]

[quote=flu]http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. [/quote]

“Their homes”? THEIR homes?! That is rich. These are not THEIR homes – they’re the LENDERS’ homes! A home becomes YOUR home after you’ve paid off the mortgage. Until then, the lender is the senior partner in the arrangement and gets to choose what happens when you break the contract and stop paying. And this clown is on the Senate Banking Committee… no wonder we’re in such deep shit.

Now clearly the servicers haven’t handled this process well at all. And they deserve to lose their asses. But please. THEIR homes? That makes me ill.

[davelj]

[quote=flu]http://finance.yahoo.com/news/BofA-halts-foreclosure-sales-apf-977158216.html?x=0&sec=topStories&pos=3&asset=&ccode=

lol…Senator dodd’s quote:

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” Dodd said. [/quote]

“Their homes”? THEIR homes?! That is rich. These are not THEIR homes – they’re the LENDERS’ homes! A home becomes YOUR home after you’ve paid off the mortgage. Until then, the lender is the senior partner in the arrangement and gets to choose what happens when you break the contract and stop paying. And this clown is on the Senate Banking Committee… no wonder we’re in such deep shit.

Now clearly the servicers haven’t handled this process well at all. And they deserve to lose their asses. But please. THEIR homes? That makes me ill.

[Author]

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