I was in the Rancho Penesquito Vons running some errands (car parts, groceries, etc). As I was coming out of Vons, someone stops me and asks if I want to sign a petition to "save our homes from the U.S. Government". I quickly said no. Didn't stay long enough to figure out what it was for. Was it to stop foreclosures/lousy loans, or the Gov's ability to buildoze your home to develop the community.
Anyway, I thought it was kinda funny. It wouldn't surprise me it was the former, at which point no way in hell…Ironic too, since last week i was in the BofA in that same mall. As I was withdrawing money inside the bank, I couldn't help overhear some lady sitting with the a loan rep there talking about refinancing. In the brief 15 minutes I heard, "your credit" + "this is the best we can do" + "if your credit was Y" + "then this is what we can do". Guess someone was trying to refinance.
It is very likely that is was part of an effort to limit eminent domain. They try it all the time and usually don’t get enough signatures and go away. California rarely uses that power unless it is for a road/freeway, school, hospital, etc. The stories about eminent domain being used to build a mall are almost always in another state. It always boggles my mind when people who live in a house 25 feet from a freeway refuse to take 150% of the appraised value for their home so another lane can be built. They also get moving expenses, transaction fees (realtor, title, etc),property tax increase exepmtion in the form of a carryover and a bunch of other goodies but there are always a few wearing foil hats that need to be forced into not breathing exhaust fumes.
Temeculaguy–you always have the right on posts! Very insightful, and you are so funny too. Where do you hang out? (I suppose Temecula of course..but anywhere in particular?) Naaah, not trying to hook up, but you seem an interesting and BRIGHT person. Thats all.
.
