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(Salon)   In spite of the settlement with the government, it turns out that banks can still illegally foreclose on your home   (salon.com) divider line 18
    More: Obvious, NBC Bay Area, City University of New York, cashier's checks, loan servicing, RealtyTrac, state attorney general, Center for Investigative Reporting, GMAC  
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3114 clicks; posted to Business » on 02 May 2013 at 4:43 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-02 05:22:22 PM  
4 votes:
that's ok - once people are out in the cold, no home, no hope, little money and nothing to lose....they'll realize that the GOP made powerful assault weapons cheap, easy to obtain and plentiful and put 2 and 2 together all on their own.
2013-05-02 03:52:09 PM  
3 votes:
If they're not going to be held accountable, why would anyone think they'd stop?
2013-05-02 04:55:31 PM  
2 votes:

Elandriel: History has shown that no matter how cowed a populace is, eventually they snap. So...keep it up.


The populace has never been as fat, lazy, and sedated by brain-numbing media as they are now, though. That snap may take waaaay longer than we think.
2013-05-02 04:18:07 PM  
2 votes:
Keep it up though banks, corporations, government.  The people keep getting angrier.  History has shown that no matter how cowed a populace is, eventually they snap.  So...keep it up.

Please.
2013-05-03 10:47:59 AM  
1 votes:

Mija: Tommy Moo: One of my biggest fears is that I will pay of 90% of my mortgage balance, and then, with two years of payments left, I'll go on vacation and mail in a single payment two days late when I get home, and they will swoop in, foreclose, and sell my house for 100% of its value after collecting about 150% of its value in payments from me over the years. I know that sounds preposterous, even for banks, but I wonder if there is actually legislation protecting me from that. If they could do it, they sure as hell would.

You need to do what my husband and I did. Don't go on vacations or spend any money you don't have to till you pay off your mortgage. Actually we saved and bought a home with cash. We have never made more than 30,000 and often much less so if we can do it so can you. Right now the bank owns your home. You have the idea of security but no real security as evidenced by your question.

Make a budget where you account for every penny. No more going out to eat, buying new clothes, going out for fun or going on vacations. Sit at home watching free movies you downloaded while you eat spaghetti and work on the budget. There are so many things people waste money on! We even moved to a city with a bus system so we could live with the constant expense of a car.  Make your own laundry detergent, eat generic brands, buy clothes at thrift stores, turn down the heat or air conditioning, buy a push mower so you never have to buy gas again. I could go on and on but most people won't give up anything. Like children they want everything now. How much do you want to be free and secure? Make it happen.


I agree that the average American is way too focused on instant-gratification with irresponsible disregard for their long-term financial health.  However, eating delicious food, going out for fun and taking trips to new and interesting places are big parts of what make my life worth living.  I want to be completely debt free, but I was not willing to live in a crappy apartment eating ramen while I scraped every nickel I could together to buy our house with cash.  Instead, I splurge occasionally, enjoy a few luxuries (but not all of them) and purchased a house I could pay off in <15 years.

Money isn't everything.  I'd be wealthier now if I chose to live without any indulgences, but I don't think I'd be happier or having as much fun.  And what I'm hoping to do is maximize the area under the curve for happiness.  That means not going insane now and suffering big negative consequences later but still making sure I'm gathering rosebuds while I may.
2013-05-03 12:28:02 AM  
1 votes:

sendtodave: Why is "poor people rise up" good, and "rednecks rise up" bad?


I'd think it would be the reasoning behind those two particular groups. The rednecks would likely be rising up because of right-wing propaganda, rather than any factual reality. The poor would be rising up because of the very real phenomenon of repeated and egregious abuses of corporate America upon the citizenry.
2013-05-02 10:50:00 PM  
1 votes:

Felgraf: Debeo Summa Credo: But surely, there are any number of communist paradises you could emigrate to, right? What's stopping you? Sure, the USSR and East Germany are gone. And China and Vietnam have abandoned Marxism. But you still have Cuba, right? And North Korea don't forget! Bon voyage, comrade!

Most doing-well European countries are palces you would consider socialistic. Even Germany.


I'd consider the U.S. socialistic. Socialism isn't a bad word. There are degrees to socialism.
2013-05-02 09:41:35 PM  
1 votes:
OWS didn't  totally fail - we weren't even having conversations about inequality before OWS, at least not loudly and publicly. Romney would probably have been elected if it wasn't for OWS, which led to his very damaging public "47%" comment - which came from GOP talking points against the "1% vs 99%" that OWS brought to the forefront. So don't tell me OWS didn't do any good.

But as for this stuff - it's mortgage and tite fraud, on a institutional level. The banks are literally criminal organizations and should be dealt with like organized crime through RICO. But because the FIRE sector controls the country, they are let off. It literally will not end until there is a revolution or a new FDR appears. It may take another crash or two and perhaps a decade or more before it gets severe enough, but we are on the road to a very nasty place.

Interestingly, I've heard that the country was on the verge of insurrection when FDR came in and brought out the New Deal and other socialistic reforms. I don't know how true that is, but the commies were very strong in the 1930s. I prefer distributism, but that's just me.
2013-05-02 09:39:23 PM  
1 votes:

Debeo Summa Credo: But surely, there are any number of communist paradises you could emigrate to, right? What's stopping you? Sure, the USSR and East Germany are gone. And China and Vietnam have abandoned Marxism. But you still have Cuba, right? And North Korea don't forget! Bon voyage, comrade!


So then it's Marxist to insist that a contract ought to be binding on a party that has enough money to buy a few legislators?
2013-05-02 09:19:07 PM  
1 votes:

Debeo Summa Credo: But surely, there are any number of communist paradises you could emigrate to, right? What's stopping you? Sure, the USSR and East Germany are gone. And China and Vietnam have abandoned Marxism. But you still have Cuba, right? And North Korea don't forget! Bon voyage, comrade!


Most doing-well European countries are palces you would consider socialistic. Even Germany.
2013-05-02 08:58:56 PM  
1 votes:

jso2897: Debeo Summa Credo: jso2897: If you want to be fined five minute's income, defraud hundreds of thousands of people out of billions of dollars.
if you want to go to prison for five years, steal a car worth $8000.

There was a brief period, back in the sixties and seventies, when i thought maybe this country was going to grow a set of balls. i forgot all that when that grinning piece of shiat was elected in 1980.
America is shiat, and not worth saving. Land of the cowards, and home of the pussies.
Enjoy the taste of your master's shiat. you f**king human dogs.

LOL!! I disagree with you completely but credit where credit's due! awesome post!

/"enjoy the taste of your master's shiat" classic

Lol. He thinks he "disagrees" with that which is utterly beyond his slave comprehension.


"slave comprehension"?!? That's not nearly as funny as "master's shiat". Quit while you're ahead.

But surely, there are any number of communist paradises you could emigrate to, right? What's stopping you? Sure, the USSR and East Germany are gone. And China and Vietnam have abandoned Marxism. But you still have Cuba, right? And North Korea don't forget! Bon voyage, comrade!
2013-05-02 08:48:56 PM  
1 votes:

ski9600: I know that some people have been foreclosed upon.  I think that they should either get their property back and treble damages and expenses or cash equivilent.


If they were foreclosed on illegally, or due to a bank mistake, then they should. Banks are very quick to charge you when you make a tiny mistake, so if a bank makes a mistake and takes away your home then damn right they should pay up.

Is this not the perfect case for a class action lawsuit?
2013-05-02 08:32:37 PM  
1 votes:

BooBoo23: Elandriel: History has shown that no matter how cowed a populace is, eventually they snap. So...keep it up.

The populace has never been as fat, lazy, and sedated by brain-numbing media as they are now, though. That snap may take waaaay longer than we think.


The populace has never been as comfortable. Do you think envy is a strong enough emotion for the supposedly exploited masses to get out of their easy chairs, put down their chips and beer, turn off the tv, go outside in the rain/chill/heat, and risk jail/death by engaging in some sort of armed insurgency?

No. You may get a few insane ones to go out and try to cause some mayhem. But most will sit in the comfort of their homes and whine about CEO pay on the Internet whilst wiping cheeto crumbs with their sleeves.
2013-05-02 08:21:55 PM  
1 votes:

mod3072: Nemo's Brother: Weaver95: that's ok - once people are out in the cold, no home, no hope, little money and nothing to lose....they'll realize that the GOP made powerful assault weapons cheap, easy to obtain and plentiful and put 2 and 2 together all on their own.

Wrong. Leftist statist puppets like you will win the gun war. Traitors like you will ensure the elite win.

What color is the sky in your world? Congress can't even pass a background check, which the vast majority of the populace supports. I'm not too worried about Fartbong0 kicking my door down and taking my guns anytime soon.


I'm more worried about Fartbong0 appointing a cable and wireless industry lobbyist (and Obama fundraiser) to head the FCC yesterday.

The filthy rich completely own both parties.

dl.dropboxusercontent.com
2013-05-02 07:25:41 PM  
1 votes:

Nemo's Brother: BooBoo23: Elandriel: History has shown that no matter how cowed a populace is, eventually they snap. So...keep it up.

The populace has never been as fat, lazy, and sedated by brain-numbing media as they are now, though. That snap may take waaaay longer than we think.

And the lefties Mock and villainize those who express concern


Roight, guv.  It was the "lefties" who called people traitors and terrorists and America-haters for opposing the "Patriot" Act and george w. bush's war drums.
2013-05-02 06:25:26 PM  
1 votes:
I worked for a property preservation company (read: maintain foreclosed houses so the banks don't face lawsuits and fines). Number one rule was: Keep us from sued.

Did they properly train or teach us how to do that? Hell no.

Example: When a landlord evicts a tenant, how long do you have to wait before tossing the stuff? It's a different law for every state. Do they train you on that? Nope. They tell you just go get rid of the stuff unless it's worth more than $500 at a garage sale (now there's a specific metric for you)--meaning, fill out this electronic form, and hit "send", wait two weeks, verify that the contractors actually took the stuff and aren't trying to charge you again, rinse repeat, about 150 times a day, and with different states--and when you fark up because you weren't trained properly, you're fired. Then the company gets to say, "Oh, we've instituted a training program so that doesn't happen again."
2013-05-02 05:55:09 PM  
1 votes:
The Entire US Banking industry needs a massive overhaul, but whats needed would never get through Congress.

things needed include:

1. banning sub prime ARMs and regurgitating all others ARMs.
2. setting maximum amounts allowable for various fees.
3. reestablish the law making investment banks separate from commercial banks.
4. Loans/mortgages  cannot be sold with out the permission of the mortgagees.
5. bankers are legally responsible for crimes committed by their banks.
2013-05-02 05:07:45 PM  
1 votes:
If it's allowed, then it's not criminal conduct. Duh.

/It might be wrong, and perhaps it *should* be criminal, but technically it isn't if it's allowed.
 
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