Liberals don't hate America, they just have a different political philosophy. Geesh....this crazy headed garbage gets on my nerves. I think it's the mindlessly blind ideologues on both sides that are the bain of our society and who hate America.
they dont hate America, they just hate what America is. We could be so much better! we could be more like France sans the stinky cheese and gassy wine!
No Aquila, they dont hate America. You are right about that. But what they want for America is about as American as a hammer and sickle laying on field of blood.
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Isn't it just someone who signed up for a mortgage that they could not afford, knowing FULLY in advance that their interest rate could change at any time? I purposely did NOT get an adjustable rate mortgage on either of the two properties I have owned because of this, and live in a more inexpensive house than I could have purchased if I had done an adjustable rate mortgage.
Why should the government help these people at all, when it is their own fault they are in this situation in the first place?
It is not just about interest rate changes... If a property appraises for $100,000
and is financed for $90,000 the homeowners may be at risk of foreclosure any time the property value is perceived to fall. This may be caused by the market or simple neglect of maintenance.
__________________ "It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
Brad where I lived in Indiana there were scores of hardworking honest folks making good money in the auto industry and their spin offs and their jobs were shipped to Mexico. So in a few days their job security was gone. Now their mortgages were too much. The state was at the top on foreclosures. Men went from top paying jobs to jobs paying about half or less. Just wanting to let everyone know everyone who defaulted on a mortgage did not lie on their application and were NOT over extendedat the time.
My point from the beginning. Thank you!!
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Brad where I lived in Indiana there were scores of hardworking honest folks making good money in the auto industry and their spin offs and their jobs were shipped to Mexico. So in a few days their job security was gone. Now their mortgages were too much. The state was at the top on foreclosures. Men went from top paying jobs to jobs paying about half or less. Just wanting to let everyone know everyone who defaulted on a mortgage did not lie on their application and were NOT over extendedat the time.
Right. It's not as cut and dried as "they took a gamble and lost." Many people made wise decisions, but outside circumstances beyond their control threw everything for a loop.
It doesn't have anything to do with a mortgage, but when Jeffrey was born, he was in NICU for almost 30 days. We thought we had good insurance, but about a week after he was born, we found out the company Jeff worked for was going bankrupt--and since they were self-insured, the insurance went out the window as well. So we were stuck with all of Jeffrey's hospital bills, over $45,000.00 total.
We didn't really take any "gambles" that caused that bill to fall in our laps.
We then went 4 years without health insurance, and paid everything out of pocket.
The point being...you're right. Folks can fall into financial straits through no fault of their own.
__________________
"God, send me anywhere, only go with me. Lay any burden on me, only sustain me. And sever any tie in my heart except the tie that binds my heart to Yours."
--David Livingstone
"To see no being, not God’s or any, but you also go thither,
To see no possession but you may possess it—enjoying all without labor or purchase—
abstracting the feast, yet not abstracting one particle of it;…."
--Walt Whitman, Leaves of Grass, Song of the Open Road
Right. It's not as cut and dried as "they took a gamble and lost." Many people made wise decisions, but outside circumstances beyond their control threw everything for a loop.
It doesn't have anything to do with a mortgage, but when Jeffrey was born, he was in NICU for almost 30 days. We thought we had good insurance, but about a week after he was born, we found out the company Jeff worked for was going bankrupt--and since they were self-insured, the insurance went out the window as well. So we were stuck with all of Jeffrey's hospital bills, over $45,000.00 total.
We didn't really take any "gambles" that caused that bill to fall in our laps.
We then went 4 years without health insurance, and paid everything out of pocket.
The point being...you're right. Folks can fall into financial straits through no fault of their own.
I think Brad's point is that "foreclosure victims" are mostly not caused by mortgage fraud. Rather, these situations are caused by bad budgeting, not reading the contract, or bad luck.
__________________ Words: For when an emoticon just isn't enough.
they dont hate America, they just hate what America is. We could be so much better! we could be more like France sans the stinky cheese and gassy wine!
No Aquila, they dont hate America. You are right about that. But what they want for America is about as American as a hammer and sickle laying on field of blood.
You're right about liberals having a different vision of what would be better for America. But liberals aren't violent Communists (though some might navigate their circles). Most liberals are very very anti bloodshed. Most don't believe in the death penalty or even in owning a gun. There is a difference between those who are Communist extremists and those who believe in Democratic Social reforms through a peaceful democratic process.
And hey bro...I love that "stinky cheese" and "gassy wine". Live a little.
I think Brad's point is that "foreclosure victims" are mostly not caused by mortgage fraud. Rather, these situations are caused by bad budgeting, not reading the contract, or bad luck.
I think that is true under normal circumstances. However, in recent years banks and mortgage companies have been using practices that have exacerbated the problem, and in many cases have been the direct cause of foreclosures.
I was listening to the Clark Howard show last night, and one of his callers mentioned banks allowing assumable loans. That way instead of going into foreclosure, buyers could simply find someone else to take over the payments they can no longer afford. This would work well, except for those who have taken out second (or third) mortgages--in which case, those mortgage companies would have their notes wiped out. (If I understood correctly.)
It still seems like a good suggestion, though. I would think banks would make a lot more money in the long run if someone kept paying the notes, than to go through foreclosure.
__________________
"God, send me anywhere, only go with me. Lay any burden on me, only sustain me. And sever any tie in my heart except the tie that binds my heart to Yours."
--David Livingstone
"To see no being, not God’s or any, but you also go thither,
To see no possession but you may possess it—enjoying all without labor or purchase—
abstracting the feast, yet not abstracting one particle of it;…."
--Walt Whitman, Leaves of Grass, Song of the Open Road
I know of a situation where someone had a foreclosure date set. A third party was willing to pay the amount that was in arrears, and to make two or three payments in advance to help get this person back on his/her feet. The president of the local bank where the house was financed said "No deal. The foreclosure WILL happen."
Long story short, the homeowner filed chapter 13 to stop the foreclosure to be able to save the equity in the house, and it was put on the market to sell.
As we all know, foreclosures are at a staggering rate right now, and I think this is a sad commentary on the bank's part that they would not work with the homeowner to salvage the loan.
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I hate to see you frown. So wear a bag over your head until you cheer up!
Ferd, I'm curious. Why would you ever want Sarbanes-Oxley repealed?
because i work in an IT shop and see what it has done to business.... and because I have read what it is doing to American Free Interprise.
Sarbanes Oxley is a joke, but it is a bad joke and a costly one.
SOX costs hundereds of billions of dollars to comply with every year. MY company has a Sr. Vice President in charge of an entire division dedicated to nothing but SOX compliance.
It costs a start up business 3 million dollars just to complete the inital compliance to go public above what it cost before SOX.
Currently many American businesses are moving to listing on the British stock exchange instead of the New York Stock Exchange due to this and there are litterally hundereds of American companies that will not go public because of SOX.
it was a collasal mistake and a drain on the economy. I cant say enough bad about it. I cannot rightly express how much I think both Senator Sarbannes and Senator Oxley are a couple of complete nincompoops who need a good caining. They ought to be put in stocks on the whitehouse lawn and people should be allowed to throw rotton tomatoes at them.
If either were on fire, I wouldnt dump a bucket of pig pee on them to put the fire out.
This is me being nice.
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