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Celebrating Deadbeats


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#1 stocks

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Posted 31 March 2015 - 08:02 AM

Our real estate finance system functions because lenders believe they will get their money back either through repayment or foreclosure if the borrower becomes delinquent. If lenders didn’t have this assurance, they simply wouldn’t loan the money. Would you?

In September, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments.
She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are still living in their homes.


Bank of America, for example, has initiated the foreclosure process on roughly 20,000 mortgages that have not been paid in at least five years. The bank estimates that 90 percent of those homes are still occupied.

How many of you got free housing over the last five years? How do you feel about the benefit these deadbeats enjoyed while you continued to make payments?



http://ochousingnews...gage-squatters/
-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#2 Rogerdodger

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Posted 31 March 2015 - 08:56 AM

Action by the government in favor of the 1% have given license to us to get what scraps we can find.
So I say "Good for them."

Take advantage of every legal opportunity that you can just to try and get back some of what you lost and are losing.

Get free phones.
Wipe clean your hard drive.
Burn your records.
It's is the 2015 government way.

Atlas Shrugged style: Don't support the immoral system, drain it.
Francisco d'Anconi
Francisco bankrupts the d'Anconia business to put it out of others' reach

Ragnar Danneskjöld
One of Galt's followers, and world famous as a pirate, who seizes relief ships sent from the United States to the People's States of Europe, to ensure that once those espousing Galt's philosophy are restored to their rightful place in society, they have enough capital to rebuild the world.

Edited by Rogerdodger, 31 March 2015 - 09:10 AM.


#3 Rogerdodger

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Posted 31 March 2015 - 09:44 AM

Bernanke rejects charge of Fed 'throwing seniors under bus'...

Half of older workers who were unemployed in last 5 years -- still jobless...

Feds sign agreement with Mexico to teach immigrants to unionize in USA...

30% of kids in Boston schools require English instruction...

One third of residents in N VA now foreign-born...

Edited by Rogerdodger, 31 March 2015 - 09:48 AM.