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POPSAccidental Landlords - Fannie's "Deed for Lease" program What this does is guarantee a steady negative cash flow for the banks, further weakening their financial outlook and giving Obama yet another reason to tighten his grip on them. Fannie Mae caused this mess, and their fix will only make things worse.
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POPSBank can't prove it owns the mortgage, Judge writes off $460k debt This is why Rep. Kaptur was telling people facing eviction to squat in their own homes , refuse to be evicted, and make the bank demonstrate in court that the debt is legitimate . Possession is 9/10 of the law. I predict that this is the first tremble of a massive shock-wave about to move through our economy.
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POPSYour Needed Credit Card Debt Help http://debtsolutionsecret.net Your Needed Credit Card Debt Help. Credit card debt help has been sought by many citizens now especially persons smack by the foreclosure issue around the nation. It's been a harassing predicament to a number of citizens and they really need a fast solution to remedy this. Watch the video to find out how? You can also join our FREE site at http://debtsolutionsecret.net to get more education about debt help.
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POPSFannie Mae: "Deed For Lease" Program The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.
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POPSBuy Foreclosed Homes Secrets http://buyfirstdeal.com Buy Foreclosed Homes Secrets. To buy foreclosed homes, there are several things that you need to consider. First is you need to conduct inspection of the property before ever giving an offer to the seller. This is very important as your potential profit is highly dependent on how much you can get the property for. There's a simple Math that you need to crunch to arrive at a good price for the property. Find out about it when you register for FREE at http://buyfirstdeal.com
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POPSHow To Sell Home Fast During Recession http://buyfirstdeal.com How To Sell Home Fast During Recession. Sell home fast is one of the battlecry of a few property renovators during recession. It really makes sense as the longer you keep a real estate, the more cash you will let go as holding cost for it. There are a few strategies on how you can sell home fast. I know of a website that tackles tactics on how you can successfully sell a home fast through cutting-edge marketing techniques. Need to know how they are doing this? Register now for FREE at http://buyfirstdeal.com
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POPSACORN foresaw the foreclosure crisis in 2001
More: Moreover, Oakland's law would have gone much farther than requiring that borrowers could afford loans. In 2001, ACORN officials already recognized that the driving force behind the subprime lending was the ability of brokers to chop up risky mortgages, repackage them with good loans as "securities," and sell them to other banks on a largely unregulated market. When homeowners who couldn't afford their loans later defaulted on them, these securities became widely known as "toxic assets" and were the primary cause of the world financial crisis… But if Oakland's law had been widely adopted, the bailout likely would have been unnecessary and the worst economic downturn since the Great Depression probably averted. Why? Because the city's ordinance not only would have held mortgage brokers liable for making bad loans, but also every other bank that later bought pieces of those bad loans after they were securitized. In short, the market for subprime loans would have dried up.
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POPSToxic Drywall Leaving Homeowners in Limbo "This is like the small wave that's out on the horizon that's going to continue to grow and grow until it becomes a tsunami," said Florida attorney David Durkee, who represents hundreds of homeowners who are suing builders, suppliers and manufacturers over the drywall. "This is going to become critical mass very shortly." During the height of the U.S. housing boom, with building materials in short supply, American construction companies imported millions of pounds of Chinese-made drywall because it was abundant and cheap. An Associated Press analysis of shipping records found that more than 500 million pounds of Chinese gypsum board was imported between 2004 and 2008 " enough to have built tens of thousands of homes. They are heavily concentrated in the Southeast, especially Florida.
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POPSPlease quit listening to "expert"! Wow, wish I lived in these people's world. Unemployment is skyrocketing every day, people are being moved from full time to part time (could you pay your mortgage on 50% of your pay?), and this guys thinks that a "moratorium" on foreclosures will help? Banks are barely issuing mortgages NOW, you allow this to happen and they will stop altogether. And finally, the reason December sales "grew" was because of nationwide AUCTIONS. This is not a positive. We are not 3/4s of the way through, we aren't even 1/2 way there. Hope you all are stashing cash (at home, not banks) and stocking up on food, when all these foolhardy plans are finally stopped-as they will have to be-we will see the real trouble.
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POPSIt shakes a village: What thousands of individual economic crises mean for an entire community More: Through the Marin Housing Authority, Fatooh discovered three affordable housing complexes accepting applications -- then discovered a waiting list of three years. She phoned agency after agency, with no luck. Finally someone told her she'd have a better chance getting placed if she and the family spent three months living at a campsite. Meanwhile her repossessed house in Cazadero sits empty, she says. …The TV news reminds us every night: We're in a recession. But often the camera zooms in too tight: the single family facing eviction, the single worker laid off at the plant, the single patient unable to pay for cancer treatments. The panorama of such cases remains hazy: What does joblessness, foreclosure or lack of healthcare mean for entire communities? What happens to town after town of people like Kassy Fatooh? How does a multiplicity of stories like hers tear at the patchwork of agencies and services meant to hold our communities intact?
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POPSACORN Activists Refuse to Buckle to Video Scandal more @ clipsource ACORN activists across the country say being the voice for the voiceless is the real story of their organization. That's why they refuse to buckle to what they see as right-wing detractors trying to bring down the group because it teaches poor people to stand up for themselves.
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POPSACORN's Corporate Donors Backing Off Banks and other financial institutions have given millions of dollars and other forms of support to ACORN for decades in response to boycott threats from the organization, as well as accusations of racism and other forms of discrimination in granting personal loans and mortgages. The ACORN campaigns followed passage of the 1977 Community Reinvestment Act (CRA), which was designed to pressure financial institutions to loosen lending standards in order to increase home ownership among poor and minority communities. Legislation strengthening CRA during the Clinton administration greatly encouraged such ACORN activities. Dissident current and former officials of ACORN claim that donations made to AHC and other affiliates are often misappropriated. “There’s no guarantee that any donations are going where they are supposed to be going,” said Ron Sykes, treasurer of the Washington D.C. ACORN and a member of the ACORN 8.
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POPSACORN Prostitution Investigation Video won't clip... go to source for this shocking video of ACORN allegedly helping a pimp find tax loopholes for housing under age prostitutes. http://www.biggovernment.com/
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POPSReviving civil rights More: On discrimination in education, it has to navigate the bad decisions the Supreme Court has handed down recently and provide concrete guidance for school districts on how to legally promote integration… The division should challenge the dangerously crowded and inhumane conditions that are increasingly becoming the norm in the nation’s prisons and jails… The division should also tackle predatory lending and other financial bias against minorities. With millions…facing foreclosure, this sort of discrimination looms especially large. …ensure that public schools, hospitals, transportation systems and other institutions do not discriminate… This agenda would be difficult in the best of circumstances, but the civil rights division is working under the enormous handicap of being leaderless. Senate Republicans have put a hold on the nomination of Thomas Perez to head it. The reasons offered are spurious. Their real agenda seems to be impeding the division from doing its
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POPSForeclosure Rescue Fraud - Mortgage and Real Estate Fraud ... Denver mortgage broker indicted (now wanted) in foreclosure rescue fraud allegations CA Attorney General announces further crackdown on foreclosure consultants Ohio AG files lawsuits against three foreclosure rescue companies FTC Stops Foreclosure Prevention Marketers According to the FTC’s complaint, the defendants sold “loss mitigation” services to homeowners at risk of foreclosure, falsely claiming they could prevent foreclosure in 97 percent of cases and misrepresenting that they would make a full refund if they failed. Before performing any loss mitigation services, the defendants required homeowners to pay the equivalent of one month’s mortgage payment. Their contracts instructed homeowners not to contact lenders or their contract and its money-back guarantee would be voided. In some cases the defendants’ consultants told homeowners to stop making their mortgage payments while the defendants were working on their cases.
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POPSUnder Bush, or Obama, the results will be the same 1. If you are unemployed, or lost a substantial part of your income, or being screwed on credit cards, you won't get a modification. 2. If your home has lost too much in value as compared to debt, you won't get a modification. 3. Even if you get it, your odds of defaulting are still better than 50% in most cases. 4. Calling it something else, while doing the exact same thing that has failed twice already, would only work in fairyland. Apparently, we are in fairy land
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POPSA Shocked Woman's Home Was Auctioned To the Highest Bidder
"I have never seen anything like it," Taylor said. "They literally threw all her stuff on the front lawn. I didn't sleep that night and it wasn't even my house." Ramirez and her family had three hours to get out of the house, police ordered. They had to stash their belongings at multiple locations and shacked up with a friend for the night as cops chained the doors of their home. With Taylor's help, Ramirez appeared before a judge two days later to explain what happened. "I had all my stuff scattered everywhere," she said. "They did this in front all my neighbors. It was so embarassing." A mistake in the Miami-Dade Clerk's Office appears to be behind the mishap, which landed Ramirez homeless for more than 24 hours. The sale was eventually reversed by a Miami-Dade judge, allowing Ramirez to return to her old digs. Ramirez said she wants to sue for the damage to her furniture. Ramirez has lived in the house for three years and recently refinanced the home with the bank.
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