Homeowners who had foreclosures face judgments years after the fact

Jun 15, 2013 Full story: The Washington Post 24

Jose Santos Benavides, 42, lives with daughter Gloria, 6, and the rest of his family in a Rockville apartment.

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“JESUS WOULD IMPEACH THE GOP!!!”

Since: May 09

Lake Success, N.Y.

#1 Jun 15, 2013
When someone walks away from their home because the value is less than they purchased it for, and in fact has the means to pay it, but simply says "it's not worth it", then the banks have every legal right to pursue deficiency judgment's against them.

After all, even my home is not worth what I paid in 2004 - that does not mean I just walk away from it! Everyone in the surrounding areas suffer from borrowers like these - our homes loose more value because of this.
Your Ex

United States

#2 Jun 16, 2013
After a royal shafting by Wells Fargo, my good friends were foreclosed, evicted, and hounded. Their $330,000 house, repossessed still with a $320K outstanding debt, was sold by WF to another buyer for $159,000.
Shameful.
Makes sense

Dearborn, MI

#3 Jun 16, 2013
Better late than never. Same goes for the bankster criminals. It takes more than one to conspire to commit fraud.
Wall Street Government

Sebastian, FL

#4 Jun 16, 2013
In Maryland, it’s three years. However, there’s a little-known exemption for most mortgage documents that gives debt collectors 12 years to sue homeowners, plus another 12 years to collect the debt and on top of that a one-time renewal of 12 years for a total of 36 years.

“That’s 36 years that lenders have to go after people,” said Russack, whose firm has taken on 80 bankruptcy cases in the past four months, all of which involve deficiency judgments.

I wonder who wrote that law?

One of OUR "Representatives".

In 2011, an attempt was made to pass a one-year nationwide cap on deficiency judgments, but it died in a House committee.

Nope, it was a teabagger.
Gary

Bellingham, WA

#6 Jun 16, 2013
Makes sense wrote:
Better late than never. Same goes for the bankster criminals. It takes more than one to conspire to commit fraud.
You got that right and the banksters and gangsters on
Wall Street are still in the saddle with the sheriif
looking the other way. They're just to big to jail.
Makes sense

Dearborn, MI

#7 Jun 16, 2013
Gary wrote:
<quoted text>
You got that right and the banksters and gangsters on
Wall Street are still in the saddle with the sheriif
looking the other way. They're just to big to jail.
Beautiful, "Too big to go to jail." I LOVE THAT. Yeah, just the opposite, THEY are richer for the experience making huge bonuses, buying BIGGER MANSIONS with cash (directly from the US taxpayers) in gated neighborhoods and countries where US taxpayers can't AFFORD to live and are PROHIBITED from visiting. All we can do is pray there is a hell and eternal damnation for them and their families, even if there were justice on earth, jail would be too good for them (the neo-robberbarons). It took them 100 years, but THEY'RE BAAAAACK!!!!!!!
Robert

Douglasville, GA

#8 Jun 16, 2013
It sounded sad at first, an immigrant who scraped together enough money to buy his own home, bla, bla, bla. But then you learn the house in the story is close to a half a million dollars. Sorry I am not shedding tears for someone living in an apartment because they had to give up their half million dollar property.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#9 Jun 17, 2013
If Boosh and Obama had done the RIGHT thing, they would've let a few big investment/banking firms fail, but invested the bailout in keeping people in their homes.

NOT A SINGLE AMERICAN should've lost their homes due to the Wall Street shenanigans. Instead, many have been and are being punished while Wall St. slimeballs continue to profit and enrich themselves.

Outrageous.
Wall Street Government

Sebastian, FL

#11 Jun 18, 2013
Eighthman wrote:
<quoted text>Wall Street was pressured by democrats like Chris Dodd and Barney Frank and a Senator named Barack Obama to make the bad loans. Try to keep up you propaganda soaker upper/pusher..You are the slimeball.
Really?

How did three politicians "pressure" Wall Street?

They over rode all of Bush's "safeguards"?

Poor teabagger.
serfs up

Ormond Beach, FL

#12 Jun 18, 2013
It is not complicated. Millions of savers and men who paid their debts down were screwed over. What was foundation five or six years ago and builders of a nation are now moving on to being collectors and will not trust government for nothing but to be what is voted for. Progressive azzholes that continue to show no remorse for men whose meager lifetime wealth has been cut in half from say 500 thousand to 250 thousand or 400 thousand to 200 thousand having to spend what is left to survive until social security kicks in including property are going to get the bill soon enough. Poor parasites. the club is going to double and triple. and where will we get the money from to pay for it? Enjoy the days we have left.
Just A Typical Poster

Miami, FL

#13 Jun 18, 2013
dem wallstreet bankers gangsters headbangers done taken my tract house, another 463 payments and it was gonna be all mine but no they took it sheeeeeeeeeeeeeeeit
everyone with more money than me, go to hell, take your family too
serfs up

Ormond Beach, FL

#14 Jun 18, 2013
The pleasure of watching the totalitarian state expand and kill, maim, abuse and so much more brings joyful tears to my eyes as a consolation prize. Even now with masive increases in government fines through driving a vehicle as an example, i know people will stop paying for it at some point and even go to prison getting three meals a days sit is not worth going through the hoops. Become like the Trayvon Martin non-family and you will get paid. That is the secret. We must stop mykro managing everything. Sheesh!

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#15 Jun 18, 2013
Eighthman wrote:
<quoted text>Wall Street was pressured by democrats like Chris Dodd and Barney Frank and a Senator named Barack Obama to make the bad loans. Try to keep up you propaganda soaker upper/pusher..You are the slimeball.
Liar. Get lost if all you have are idiotic talking points. NO one but another Rightie asshat would believe that guff.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#16 Jun 18, 2013
serfs up wrote:
It is not complicated. Millions of savers and men who paid their debts down were screwed over. What was foundation five or six years ago and builders of a nation are now moving on to being collectors and will not trust government for nothing but to be what is voted for. Progressive azzholes that continue to show no remorse for men whose meager lifetime wealth has been cut in half from say 500 thousand to 250 thousand or 400 thousand to 200 thousand having to spend what is left to survive until social security kicks in including property are going to get the bill soon enough. Poor parasites. the club is going to double and triple. and where will we get the money from to pay for it? Enjoy the days we have left.
Enjoy being a hateful, paranoid loon.

Since: Jun 13

Location hidden

#18 Jun 20, 2013
lenders are now very aggressive in taking homeowners to court for unpaid debt on foreclosed properties.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#19 Jun 20, 2013
refinancetoolbox wrote:
lenders are now very aggressive in taking homeowners to court for unpaid debt on foreclosed properties.
Criminally, those are often the same lenders who profited from the loans in the first place, pushing them on clients, bundling them and turning them over to other institutions or to Fannie and Freddie, and moving on to new suckers.

Government should've forced the loan industry to write off all these loans, or at very least to renegotiate all of them on favorable terms. Bush and Obama's administrations both fell down on the job.
Home School Valedictorian

Miami, FL

#20 Jun 20, 2013
tha Professor wrote:
<quoted text>
Criminally, those are often the same lenders who profited from the loans in the first place, pushing them on clients, bundling them and turning them over to other institutions or to Fannie and Freddie, and moving on to new suckers.
Government should've forced the loan industry to write off all these loans, or at very least to renegotiate all of them on favorable terms. Bush and Obama's administrations both fell down on the job.
You're absolutely right. People should not have to take any responsibility for their bad financial decisions.
No you are

Astoria, NY

#21 Jun 20, 2013
refinancetoolbox wrote:
lenders are now very aggressive in taking homeowners to court for unpaid debt on foreclosed properties.
and if you try to do a loan mod they f*ck you over.

http://www.marketwatch.com/story/bank-of-amer...

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#22 Jun 20, 2013
Home School Valedictorian wrote:
<quoted text>
You're absolutely right. People should not have to take any responsibility for their bad financial decisions.
You're absolutely a f---ing idiot and guilty of posting dumb strawmen. Get lost.
Home School Valedictorin

Miami, FL

#23 Jun 21, 2013
tha Professor wrote:
<quoted text>
You're absolutely a f---ing idiot and guilty of posting dumb strawmen. Get lost.
Why? That's what you wrote, maternal fornicator. You're guilty of giving head to straw men.

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