Sympathy for this couple???

[patientlywaiting]

I do have sympathy.

If she lived in Canada, she’d be fine.

Caveat Emptor is fine for well-educated people. But it’s the government’s job to protect the most vulnerable. She should not have been able to get a loan.

Sometimes we do need to protect people from themselves.

[pepsi]

They won’t lose their home if they didn’t have some big bills to pay. The problem is not the loan, it is their bills. They couldn’t expect to keep everything with such life changing events.
The house was their saving for the rainy day, just like others who chose CD. Should I complained to my bank for not letting me to keep my $50K CD intact when I have $100K bill to pay ?

[pepsi]

They won’t lose their home if they didn’t have some big bills to pay. The problem is not the loan, it is their bills. They couldn’t expect to keep everything with such life changing events.
The house was their saving for the rainy day, just like others who chose CD. Should I complained to my bank for not letting me to keep my $50K CD intact when I have $100K bill to pay ?

[pepsi]

They won’t lose their home if they didn’t have some big bills to pay. The problem is not the loan, it is their bills. They couldn’t expect to keep everything with such life changing events.
The house was their saving for the rainy day, just like others who chose CD. Should I complained to my bank for not letting me to keep my $50K CD intact when I have $100K bill to pay ?

[pepsi]

They won’t lose their home if they didn’t have some big bills to pay. The problem is not the loan, it is their bills. They couldn’t expect to keep everything with such life changing events.
The house was their saving for the rainy day, just like others who chose CD. Should I complained to my bank for not letting me to keep my $50K CD intact when I have $100K bill to pay ?

[pepsi]

They won’t lose their home if they didn’t have some big bills to pay. The problem is not the loan, it is their bills. They couldn’t expect to keep everything with such life changing events.
The house was their saving for the rainy day, just like others who chose CD. Should I complained to my bank for not letting me to keep my $50K CD intact when I have $100K bill to pay ?

[Eugene]

Here’s the kicker

LOAN DATE: 1/11/2007
LOAN AMNT: $364,000
NOD DATE: 9/6/2007
NOS DATE: 12/11/2007 10:00A 01/02/2008 AT:220 W BROADWAY SAN DIEGO
REO DATE: 02/13/2008

Shots in the video clearly show an eviction notice dated 8/15.

They have been living in that house for free since last June and the bank has just gotten around to evicting them.

Also, is it really possible to sink 364k of cash into a few years of payments for a nursing home, drug bills, and a hospital bill for a broken ankle? IMHO, if the bank wants to track down the rest of that money, they should check with local casinos.

[Eugene]

Here’s the kicker

LOAN DATE: 1/11/2007
LOAN AMNT: $364,000
NOD DATE: 9/6/2007
NOS DATE: 12/11/2007 10:00A 01/02/2008 AT:220 W BROADWAY SAN DIEGO
REO DATE: 02/13/2008

Shots in the video clearly show an eviction notice dated 8/15.

They have been living in that house for free since last June and the bank has just gotten around to evicting them.

Also, is it really possible to sink 364k of cash into a few years of payments for a nursing home, drug bills, and a hospital bill for a broken ankle? IMHO, if the bank wants to track down the rest of that money, they should check with local casinos.

[Eugene]

Here’s the kicker

LOAN DATE: 1/11/2007
LOAN AMNT: $364,000
NOD DATE: 9/6/2007
NOS DATE: 12/11/2007 10:00A 01/02/2008 AT:220 W BROADWAY SAN DIEGO
REO DATE: 02/13/2008

Shots in the video clearly show an eviction notice dated 8/15.

They have been living in that house for free since last June and the bank has just gotten around to evicting them.

Also, is it really possible to sink 364k of cash into a few years of payments for a nursing home, drug bills, and a hospital bill for a broken ankle? IMHO, if the bank wants to track down the rest of that money, they should check with local casinos.

[Eugene]

Here’s the kicker

LOAN DATE: 1/11/2007
LOAN AMNT: $364,000
NOD DATE: 9/6/2007
NOS DATE: 12/11/2007 10:00A 01/02/2008 AT:220 W BROADWAY SAN DIEGO
REO DATE: 02/13/2008

Shots in the video clearly show an eviction notice dated 8/15.

They have been living in that house for free since last June and the bank has just gotten around to evicting them.

Also, is it really possible to sink 364k of cash into a few years of payments for a nursing home, drug bills, and a hospital bill for a broken ankle? IMHO, if the bank wants to track down the rest of that money, they should check with local casinos.

[Eugene]

Here’s the kicker

LOAN DATE: 1/11/2007
LOAN AMNT: $364,000
NOD DATE: 9/6/2007
NOS DATE: 12/11/2007 10:00A 01/02/2008 AT:220 W BROADWAY SAN DIEGO
REO DATE: 02/13/2008

Shots in the video clearly show an eviction notice dated 8/15.

They have been living in that house for free since last June and the bank has just gotten around to evicting them.

Also, is it really possible to sink 364k of cash into a few years of payments for a nursing home, drug bills, and a hospital bill for a broken ankle? IMHO, if the bank wants to track down the rest of that money, they should check with local casinos.

[peterb]

Shadow inventory being held by banks is an interesting topic. Mr Mortgage goes into it a little. But recently he has stated that he thinks it’s coming to a point where the lenders may have to come clean and do some “bulk asset” sales. Worth a look at what he’s saying. IMO.

Having lived near sky scrapers most of my life, I know the shadows grow very long as the sun rises and then again when it sets.

[peterb]

Shadow inventory being held by banks is an interesting topic. Mr Mortgage goes into it a little. But recently he has stated that he thinks it’s coming to a point where the lenders may have to come clean and do some “bulk asset” sales. Worth a look at what he’s saying. IMO.

Having lived near sky scrapers most of my life, I know the shadows grow very long as the sun rises and then again when it sets.

[peterb]

Shadow inventory being held by banks is an interesting topic. Mr Mortgage goes into it a little. But recently he has stated that he thinks it’s coming to a point where the lenders may have to come clean and do some “bulk asset” sales. Worth a look at what he’s saying. IMO.

Having lived near sky scrapers most of my life, I know the shadows grow very long as the sun rises and then again when it sets.

[peterb]

Shadow inventory being held by banks is an interesting topic. Mr Mortgage goes into it a little. But recently he has stated that he thinks it’s coming to a point where the lenders may have to come clean and do some “bulk asset” sales. Worth a look at what he’s saying. IMO.

Having lived near sky scrapers most of my life, I know the shadows grow very long as the sun rises and then again when it sets.

[Author]

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