Sparta, TN

#1 Feb 20, 2010
i read about the guy in Ohio whose bank foreclosed on him. He had a 360,000 dollar house and owed 160,000. When the bank foreclosed on him someone offered to pay the 160,000 for him. The bank refused the payment saying they could make more money by foreclosing. So he justed dozed down the house. Has anybody around here felt like they got screwed by their honest banker?
herbert wade

Miami, FL

#2 Feb 20, 2010
you just used "honest" and "banker" in the same sentence. they don't go together.
I dont get it

Kingsport, TN

#3 Feb 21, 2010
I dont understand, people say "the bank doesnt want to own your house". That doesnt seem to be true. Would it be so hard to take a bad loan that someone has been making the payments on and make it a 30 year fixed? If someone is making the payments and the loan adjusts to some outrage doubled payment, change the damn loan. And no I dont like the arguement that it is the consumers fault. Owning a home is the american dream and when you are presented with a way to do that you jump on it, most figure that they have time to improve their position before the interest rate adjustment to improve their situation. I do not believe they were stupid, just hopeful. I like Obama (ok let loose all you racist, bush loving people) but the help out there now is very narrow. I dont blame that guy for dozing his house. I think Credit Card companies should be dealt with in the same way, everyone that has paid their bills on time only to have their rates increased should file bankruptcy on em. Greedy bastards all of them.

Memphis, TN

#4 Feb 21, 2010
Here is a link to the story.
do not believe that one

Chatsworth, GA

#5 Feb 22, 2010
forclosures do not work that way.. you were sold a line of bs

Olive Branch, MS

#6 Feb 22, 2010
The banks should never be able to buy foreclosed homes period, especially there own. They should never be able to buy a home with the bankers money. people who have there $$$ in the bank people like you & me that have there money in the bank.

Muncie, IN

#7 Feb 22, 2010
I can't believe you fell for this guys situation!. He put his house up as collateral for loans against his buisness..The bank is in the right..They are trying to collect against the loan for the buisness, not the loan against the houdse...

United States

#8 Oct 27, 2012

United States

#9 Oct 28, 2012

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