“physics is your friend”

Since: May 12

Location hidden

#31810 Jan 8, 2013
Texas has nine billion dollar budget surplus....told you guys.....Bobby?.....plenty of jobs, plenty of construction, plenty of money, plenty of people that love their guns...and want more....

Since: Dec 11

Location hidden

#31811 Jan 8, 2013
TSF wrote:
And what morally bankrupt group of congress persons fought tooth and nail to stop enforcement of existing regulations? That would have been the republikans. Fraud has always been illegal, even when the banks made it standard operating procedure. Only a republikan would agree with banks forclosing on homes that didn't even have a mortgage, or on homes that were current on payments.
<quoted text>
TSF, I'm not saying it's a lie, but how do you foreclose on a home without a mortgage. Did the homeowners not have the deed to their home to present or what? We've all had incidents where there's miscommunication about a payment, but how were homes foreclosed on when payments were current? Foreclosure takes at least three months of missed payments before it's considered to be in default. Did banks not alert these homeowners that somehow their payments had not been credited towards their mortgage and did the homeowners not have proof they had made payments? I know there were "waiting lines" to file for foreclosure, which actually benefited the homeowner if he was short on cash, but didn't know about foreclosing on homes paid in pull.

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#31814 Jan 8, 2013
TSF wrote:
<quoted text>And what morally bankrupt group of congress persons fought tooth and nail to stop enforcement of existing regulations? That would have been the republikans. Fraud has always been illegal, even when the banks made it standard operating procedure. Only a republikan would agree with banks forclosing on homes that didn't even have a mortgage, or on homes that were current on payments.
And as usual, you only cite opinion and nothing specific. Keep beating the dead horse, have linked all I am going to link on the matter.

“Arch Nemisis of Democrats”

Since: Jun 12

Location hidden

#31815 Jan 8, 2013
Makin bacon wrote:
<quoted text>TSF, I'm not saying it's a lie, but how do you foreclose on a home without a mortgage. Did the homeowners not have the deed to their home to present or what? We've all had incidents where there's miscommunication about a payment, but how were homes foreclosed on when payments were current? Foreclosure takes at least three months of missed payments before it's considered to be in default. Did banks not alert these homeowners that somehow their payments had not been credited towards their mortgage and did the homeowners not have proof they had made payments? I know there were "waiting lines" to file for foreclosure, which actually benefited the homeowner if he was short on cash, but didn't know about foreclosing on homes paid in pull.
I would not waste the energy of arguing with the alleged former non card carrying IBEW union worker without a local turned self made millionaire that wants mitt to pay what he pays in taxes. Must be tough being the only fry cook in lillington. Get down spout springs way much TSF?

“physics is your friend”

Since: May 12

Location hidden

#31816 Jan 8, 2013
AIG says....they are going to sue the US government.....the Taxpayers.....who bailed them out to the tune of 182 billion dollars....because they were charged...too much interest...hmmm....say they have to look after the stockholders best interests...

“physics is your friend”

Since: May 12

Location hidden

#31817 Jan 8, 2013
Silvercoastcorks wrote:
<quoted text>
I would not waste the energy of arguing with the alleged former non card carrying IBEW union worker without a local turned self made millionaire that wants mitt to pay what he pays in taxes. Must be tough being the only fry cook in lillington. Get down spout springs way much TSF?
You know, I don't remember a damn thing about which union local I was in....just the APWU in Houston.....don't even recall if I carried a union card...I do know that I won all my grievances.....postal management was lower than pond scum...twenty years down the drain.Twenty years of being an automaton.
TSF

Kenly, NC

#31818 Jan 8, 2013
In 2009, retired police officer Warren Nyerges and his wife, Maureen Collier, paid $165,000 cash for their 2,700 square foot home in the Golden Gate Estates subdivision, and never took a mortgage out on it. So imagine their surprise when, in February of 2010, Bank of America initiated foreclosure proceedings against them. The Nyerges hired an attorney, Todd Allen, to defend them against the wrongful foreclosure, and the bank eventually abandoned the matter.

But not before the Nyerges incurred $2,534 in attorney’s fees, which they requested informally from Bank of America multiple times before resorting to the courts, which ordered the bank to make the couple whole. When B of A still had not paid the judgment after five months of phone calls and letter writing by Allen and the Nyerges to the bank insisting that the court order be obeyed, Allen took the next step in the legal collection process, obtaining an order of foreclosure against the bank.

Read more: http://business.time.com/2011/06/06/homeowner...
TSF

Kenly, NC

#31819 Jan 8, 2013


John Suayan, Southeast Texas Record
Claiming its property in Galveston was wrongly foreclosed, American Furnishing Inc. has filed suit against Bank of America N.A. and BAC Home Loans Servicing LP.
The plaintiff argues that Bank of America had no lien on the property in question and the defendants covertly planned [...]
TSF

Kenly, NC

#31820 Jan 8, 2013
A few weeks after newlyweds Mark and Brooke Barnum made their first mortgage payment on their new home, Wells Fargo Bank insisted it didn't receive the payment. Mark Barnum had used his Chase Bank online bill-pay account and printed the proof of payment sheet to show Wells Fargo. After some back and forth, neither bank knew where the money had gone. The Barnums began receiving phone calls from collection agents talking about late fees and foreclosing. Not until Mark called ABC 7 did the mess get cleared up. Chase had sent Mark's payment to the wrong company

Read more: http://www.businessinsider.com/foreclosure-ho...
TSF

Kenly, NC

#31821 Jan 8, 2013
Charlie and Maria Cardoso paid for their future Florida retirement home with cash in 2005. The couple, who still lives in Massachusetts, had their home foreclosed on by Bank of America five years later this past February... but the bank had the wrong house.

The tenant renting the house from the Cardosos called the couple last July when three men showed up to clean out the house and change the locks. Charlie Cardoso talked to the Bank of America real estate agent who said he would tell the bank that they had the wrong house. But a month later a landscaper hired by Bank of America showed up to mow the lawn, causing the tenant to get worried and move before Christmas.

It gets worse. In January the bank put a lock box on the front door. When Charlie Cardoso drove down to Florida to to convince the bank they had the incorrect address on the foreclosure documents, he missed his son's homecoming from Iraq.

The couple had kept photos, clothes, tools and other items at the home. Everything had been removed and was presumably lost, they say.

The Cardosos have filed a suit against Bank of America for $500,000 and charging the company with defamation and libel.
TSF

Kenly, NC

#31822 Jan 8, 2013
Leonard Spears is 5-feet, 6 inches tall, balding and African
American, but Wells Fargo, when serving a summons to foreclose on the
Rochester home he'd been fixing up, apparently served a 6-foot man with
blond hair. Spears, of course, says he was never served, and Wells Fargo
has a history not only of predatory lending (it paid an $85 million
fine for pushing borrowers who were qualified for better loans into more
risky subprime loans) but of foreclosure fraud as well.

“It took me three years to convert it into the way it looks now, I
did a lot of wiring, tore down all the walls, gave up my social life
completely because I was dedicated to do this, because this is like the
American Dream, to own property, so it was very exciting,” Spears said.

To make matters worse, it turns out that Wells Fargo wasn't even the owner of the note, but merely the servicer. And then, when the foreclosure did go through, the home was sold
to the Federal Home Loan Mortgage Corporation (commonly known as
Freddie Mac) for all of $500. Yet Spears wasn't able to modify his
mortgage to stay in his home.“I was willing to pay way more than $500,”
Spears said.“What kind of justice is that?”
Taxpayer

Point Harbor, NC

#31823 Jan 8, 2013
The Communist minded people speak of traditional moral values and free-market capitalism, and say you are “against collectivism, socialism and communism.” But the government and its policies you support and the way they want to implement their “values” shows that their government really represent the collectivist, socialist and communist pots calling the kettle black.
Natural law and traditional moral values shows that such values naturally coincide with private property rights, self-ownership, freedom of association and freedom of contract. Many of today’s governments Fed and State, support government policies in which the individual and one’s property are really owned by the community, and by the State. They also support an always-growing centralized federal government to impose the will of elite special interests onto Free people.
Democratic socialism is public ownership of the means of production (that includes the people, thus a collective ownership of the individual), and includes central government control and confiscation and distribution of wealth. This is outright communism, it is the cumulative result of the always expanding power and control by the central government over the people, industry and wealth, in which the State is the total owner of all property and the people. The reason I am constantly referring to the United Socialist Authority as “USA” is because America today is a Soviet-like, police-state dictatorship, in which the central government in Washington owns and controls all the property and wealth within the territory.
Americas now find themselves in a merging of their identities with the centralized, authoritarian regime in Washington, which has gotten to be just like the communists they thought they opposed and hated. And in their supporting the U.S. government’s terrorizing of Americans, they have become just like the terrorists with whom they think they are at “war.”
TSF

Kenly, NC

#31824 Jan 8, 2013
example of the broken servicing market.


Joe Manzo and Lisa Stowell paid off their mortgage – in full – late last year.

But their lender threatened to foreclose anyway.

“There was no doubt that it was paid off,” Manzo said.“I just assumed that the bank was lagging behind and maybe the system was running every 30 days and it would be corrected.”

But that didn’t happen. Instead, they say, West Palm Beach-based Ocwen Loan Servicing charged them about $2,000 in penalties because they stopped monthly mortgage payments.

There is no way fees should be applied on a paid-off mortgage. None. Zero. Ever. It speaks to a fundamental breakdown in the entire concept of servicing. The servicer has no other job than to process payments. If they get full payment on a loan, and there was no prepayment penalty involved, that’s it. Their job is done. They pay off the loan and push the paperwork forward. In this case, Ocwen neglected that payment, held the money in an escrow account for flood insurance (a $400 annual payment; the couple sent in almost $45,000), and started applying late fees to the unpaid principal balance. They are just blatantly trying to rip off this couple by pushing them into default.

This happens with disturbing frequency. I’m sure Ocwen will call it a “mistake.” In fact, they did in the article. But it’s not a mistake. It’s a symptom of a broken servicing industry. Remember the HUD IG report on servicer abuse? Remember the review of 36 affidavits for foreclosures by JPMorgan Chase, where they couldn’t find correct documentation for the amounts owed on 35 of them?

Manzo and Stowell just wanted to pay off their mortgage, and they almost went into foreclosure. They couldn’t fire their servicer and take their business elsewhere; the servicer was chosen for them, by virtue of the sale of their mortgage.
Taxpayer

Point Harbor, NC

#31825 Jan 8, 2013
Makin bacon wrote:
<quoted text>
Taxpayer, I don't totally agree with everything you have posted. I, well did own land and I never had the threat of it being taken from me. Land and your home can be taken if the taxes are paid. I don't like paying property taxes; however, those taxes are used to help fund a multitude of things you might need one day, i.e. local firefighters, police dept, roads, local libraries, parks etc. What I don't like is how my property tax would go up and for the past 3-4 years, the sell of real estate decreased about 30%.
It's not against the law to stand on the street corner and peacefully picket, hand out flyers or stand there and tell everyone that passes by your opinion about today's politics and how it makes you mad as hell, just as long as you don't harass others or you find one that doesn't agree with you and you guys decide to throw down on main street.
I was reading from others' post, but personally I've never been able to read any material I wish to or buy any reading or viewing material I want to. I've never been told by the government what to do in my home or on my property. I don't know where you live, but I don't care enough what my neighbors are doing in view or behind closed doors to call the police. Their time is better spent trying to get real criminals off the street and not someone reading "Catcher in the Rye".
I will agree with you on the fact we are making more Americans dependent daily on government and that needs to stop. We need to take pork in all these laws being passed to educate, and mandate these people get up off their butts and make their way the same as you and I. A little hard work never killed anyone, but the cycle of government dependency to live has to stop.
I've never been told I cannot worship freely. I've been ridiculed on here by posters, but until the doors at locked at my local church, I'll continue to worship when and where I want and if my religious freedom is infringed upon, I know what I believe in my heart and my mind and that can't be taken away.
Public schools are necessary. I chose to send my child to private school where I paid tuition there and still paid my taxes that provided monies for public education. You get what you pay for and in N.C. you certainly can tell it must be a small bit as far behind as our children are behind other states in public schools. Home schooling is a good alternative but must be taken seriously by parents.
Well, that about covers it.
I do not live in a vacumn and you should not either.

Since: Dec 11

Location hidden

#31826 Jan 8, 2013
TSF, I understand your point, but none of these people actually had their homes foreclosed on, with the exception of this post:

John Suayan, Southeast Texas Record
Claiming its property in Galveston was wrongly foreclosed, American Furnishing Inc. has filed suit against Bank of America N.A. and BAC Home Loans Servicing LP.
The plaintiff argues that Bank of America had no lien on the property in question and the defendants covertly planned [...]

I will not take away from the money, time, and worry these people suffered; however, we all have to stand up to lending institutions if we know we're right and fight it tooth and nail.

One time a few years ago right as I was walking in the door from work my phone was ringing. When I answered a man identified himself as agent BR549 from the IRS and before I could get a word in said: "Mrs. Bacon you owe the IRS $44.00 and because of nonpayment we can take your house." You talk about making me mad, that DID. I told him a little correspondence regarding this via the mail might have been a little useful nugget of information and he said they had mailed me numerous bills, later on found out all to the wrong address. Well, anyway I told him if he wanted my house to come get it and I'd leave the keys on the kitchen island. I told him that he didn't scare me by threatening to take my house and and BTW, he could take care of my dad and brother while he was at it. I went on to tell him, that I worked for the government and knew how to screw the system with the best of those that don't work and make their way and it wouldn't bother me a bit to walk to the mailbox from my section 8 housing to get my food stamps, Medicaid card and free bus passes for the month. I told him, he'd be doing me a favor to take my house as I could use some time off work from my government job. You talk about backpedaling, this guy actually said, "Well maybe we got off on the wrong foot" and I told him there wasn't any "we" that got off on the wrong foot unless he had a mouse in his pocket because he was the one throwing around threats. All was good after that and I paid my $44.00 dollars after receiving a proper bill with the reason why I owed this amount. Gotta take a stand sometimes.

“physics is your friend”

Since: May 12

Location hidden

#31827 Jan 8, 2013
Taxpayer wrote:
<quoted text>
I do not live in a vacumn and you should not either.
You, dude, have no room to even remotely criticize Bacon.Don't think your are the only person that has eyes.There's more to this than meets the eye.

Since: Dec 11

Location hidden

#31829 Jan 8, 2013
Taxpayer wrote:
<quoted text>
I do not live in a vacumn and you should not either.
Should have been I've never been unable to read whatever I wanted. Taxpayer, many times I agree with your posts; however, sometimes I don't quite understand exactly what you want. I'm not being ugly, so could you please just kind of list it out? If I live in a vacuum, it's a happy one. Please tell me your expectations of how our country should operate. Again, I'm not being a smarty pants, I would like to know.
TSF

Kenly, NC

#31830 Jan 8, 2013
The point is that illegal forclosures have always been illegal. The banks just realized that they can take people's property usually with little resistance because the average hand to mouth homeowner has no money to spend on attorneys to stop the illegal forclosures. With no enforcement of regulations, there are esentially no regulations. What is happening is so disturbing that many people deny that it is even happening although it is a reality to millions of homeowners. The 18 billion + dollars that the banks have agreed to pay back is only a fraction of what they have stolen.
Makin bacon wrote:
<quoted text>
TSF, I'm not saying it's a lie, but how do you foreclose on a home without a mortgage. Did the homeowners not have the deed to their home to present or what? We've all had incidents where there's miscommunication about a payment, but how were homes foreclosed on when payments were current? Foreclosure takes at least three months of missed payments before it's considered to be in default. Did banks not alert these homeowners that somehow their payments had not been credited towards their mortgage and did the homeowners not have proof they had made payments? I know there were "waiting lines" to file for foreclosure, which actually benefited the homeowner if he was short on cash, but didn't know about foreclosing on homes paid in pull.

Since: Dec 11

Location hidden

#31831 Jan 8, 2013
waco1909 wrote:
<quoted text> You, dude, have no room to even remotely criticize Bacon.Don't think your are the only person that has eyes.There's more to this than meets the eye.
Waco, how many times have I told you that I didn't like the way people spoke to Taxpayer on here and that although I didn't quite understand everything he said, that I tried and sometimes after a few reads I did understand and sometimes I didn't? Thanks for taking up for me, but Taxpayer's issues are larger than I and I really didn't take it as an insult. It's just his opinion.
TSF

Kenly, NC

#31832 Jan 8, 2013
Even though many years have passed, I think, but am not completely sure, it was local 182 of IUE CIO. Don't remember the card either. I do remember that my pay was significantly higher than that of non union workers in the same job in the same area. My perception then was that the company and union were working together for the mutual benefit of both. The union would not tolerate slackers but at the same time they would stand up for workers treated unfairly by the company. There was only one brief strike during my tenure there.
After I started my own business, my workers didn't want or need a union because they trusted me and with few exceptions , I trusted them. Loyalty goes two ways. When owners/managers do not realize that, that is when the workers need a union.
waco1909 wrote:
<quoted text> You know, I don't remember a damn thing about which union local I was in....just the APWU in Houston.....don't even recall if I carried a union card...I do know that I won all my grievances.....postal management was lower than pond scum...twenty years down the drain.Twenty years of being an automaton.

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