Comments on: Only Forceful Action Can Change Foreclosure Crisis Tide

By: What effect will the Foreclosure freeze have on house prices in the Triangle? - Raleigh, Durham, Chapel Hill, Cary - North Carolina (NC) -The Triangle Area - City-Data Forum

Thu, 14 Oct 2010 05:09:37 +0000

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By: louis vuitton

louis vuitton — Fri, 30 Jul 2010 19:58:51 +0000

Just checking in. Your right about one thing whoever, It does seem like an old delapitated home would for sure lose value not appreciate. I would much rather have a nice new home with all the modern updates.

By: foreclosure crisis « Uncategorized « foreclosures web

foreclosure crisis « Uncategorized « foreclosures web — Mon, 21 Jun 2010 14:01:46 +0000

[...] 7.Only Forceful Action Can Change Foreclosure Crisis Tide « The When it comes to the foreclosure machine, things are probably even worse than they seem. That’s a starting point for any strategy to challenge a housing crisis isn’t ending anytime soon… [...]

By: lowelisamarie

lowelisamarie — Fri, 04 Jun 2010 12:29:44 +0000

The court systems are taking baby steps in the right direction by halting the foreclosure mills. The mills and their lawyers can no longer produce shoddy documentation supporting their right to foreclosure. Sanctions on illegal foreclosure are on the rise as they should be. Nobody is trying to get a free hous., The homeowners want to be treated fair by the lender that OWNS their mortgage. States like Florida are starting to follow the law and force lenders to prove ownership of these loans before proceeding in court. Now the banks need a timeline to produce the documentation or forfeit the property. That would get them in gear to clear out the court house clog!

By: adidas outlet

adidas outlet — Wed, 02 Jun 2010 11:11:00 +0000

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By: 1lowelisamarie1

1lowelisamarie1 — Sat, 01 Aug 2009 22:06:28 +0000

By: whoever

whoever — Sat, 01 Aug 2009 20:17:45 +0000

Well, with my limited understanding, can't we modify the loans+”interest” to take 100 years to pay off, instead of 30? Legislate offspring into the mix? Quit bs'ing about real property values “always appreciate, never depreciate” – yeah right, everything rots. So a new house today must necessarily be worth less as time goes on. People fake that property values increase because they're trying to recoup their interest payments, which should not be included in a property value. Might have been truer in the pioneer development days, but rundown lived-in homes subject to natural elements DECREASE in value I am sure. So why do we even agree to these bs loans in the first place? Interest-free, maybe… For sure I support converting default owners to renter tenants, and the rest to HUD until private programs evolve. Dunno.

By: Stout Law Firm

Stout Law Firm — Wed, 29 Jul 2009 08:34:11 +0000

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By: 1lowelisamarie1

1lowelisamarie1 — Wed, 22 Jul 2009 08:04:19 +0000

anybody who thinks foreclosure is even a choice, when it can be stopped is a cold hearted snake. Where do you think these families are going to go? To the street. Small children in America in tents on the street until the states can house them, you want to talk about problems. There are countless problems arising from foreclosures, families torn apart, education is a joke-its hard to concentrate when you dont know where your parents will put you to bed, how will you have clean school clothes, what about meals? It goes on, Health care is the least of their worries. Who gives a crap about the banks that DID cause this entire mess. The consumers did NOT come up with this game, who's bright idea was it for subprime? Some greedy bastards wanting to turn your home into profit.

By: rohitmahajan

rohitmahajan — Tue, 21 Jul 2009 23:30:19 +0000

Forceful action may be a solution of one problem but it may become a starting point of other problem. In my opinion, these too can work, i.e, modifications in existing loan plan such as reduced interest rates, extended maturity date , changing from adjustable to fixed interest rates, and the reduced principle.
An interesting link to visit is http://www.housingnewslive.com/blog.php