As Florida’s foreclosure rate has soared to the second highest in the nation, Chapter 13 bankruptcies have followed, on pace to double last year’s results.
The proposed legislation to help the home buyer makes total sense but do you really think that the banks and big financial institutions who give millions to Bush and the Republicans are going to let this pass and become law???
I believe that nature( the market ) should take it course. Those that are unable to make decisions based upon solid financial principles, should pay for their poor judgment. I don’t believe that bankruptcy laws should be relaxed just because there are those that just plain don’t want to pay the increased payment.
Some people don’t have the financial discipline to assume the responsibility of a long term project like homeownership.
There also should not be any sort of bail out for banks and mortgage investors of any kind.
We all pay for bailouts.
It would be helpful to get a further breakdown of the “20,000 foreclosure filings in Hillsborough, Pasco and Pinellas counties through September”.
How many are owner occupied?
How many are timeshares? etc.
The proposed legislation to help the home buyer makes total sense but do you really think that the banks and big financial institutions who give millions to Bush and the Republicans are going to let this pass and become law???
Don’t pay for the bailout Ray, keep the money for yourself. Can’t your family use it?
I believe that nature( the market ) should take it course. Those that are unable to make decisions based upon solid financial principles, should pay for their poor judgment. I don’t believe that bankruptcy laws should be relaxed just because there are those that just plain don’t want to pay the increased payment.
Some people don’t have the financial discipline to assume the responsibility of a long term project like homeownership.
There also should not be any sort of bail out for banks and mortgage investors of any kind.
We all pay for bailouts.
It would be helpful to get a further breakdown of the “20,000 foreclosure filings in Hillsborough, Pasco and Pinellas counties through September”.
How many are owner occupied?
How many are timeshares? etc.
Who is this talking? Stuka are you coming to the dark side? This is not your typical liberal thinking and I am wondering if a punch-line is to follow? If you are serious I agree with you. I also would like to get rid of all/most federal aid program and as you said making people responsibly for their own actions. Welcome to the dark side Stuka. I love it
I believe that nature( the market ) should take it course. Those that are unable to make decisions based upon solid financial principles, should pay for their poor judgment. I don’t believe that bankruptcy laws should be relaxed just because there are those that just plain don’t want to pay the increased payment.
Some people don’t have the financial discipline to assume the responsibility of a long term project like homeownership.
There also should not be any sort of bail out for banks and mortgage investors of any kind.
We all pay for bailouts.
It would be helpful to get a further breakdown of the “20,000 foreclosure filings in Hillsborough, Pasco and Pinellas counties through September”.
How many are owner occupied?
How many are timeshares? etc.
Who is this talking? Stuka are you coming to the dark side? This is not your typical liberal thinking and I am wondering if a punch-line is to follow? If you are serious I agree with you. I also would like to get rid of all/most federal aid program and as you said making people responsibly for their own actions. Welcome to the dark side Stuka. I love it
The things we usually disagree on are related to social issues and personal freedoms.
On the this issue of foreclosures I believe government should help the individual borrower to get a fair shake from the banking industry by enforcing current laws concerning fair and clear business practices.
Sadly most people can’t see beyond idea that those filing for bankruptcy are reaping what they sow. What people are failing to grasp is the big picture. Those vacant house on the market are only hurting everyone’s overall financial stability. Yes even those that purchased a home they could easily afford and are living within their means. The foreclosures and firesales only hurt our homes values. And those who bought when the market was booming are waking up the harsh reality they have paid too much for their homes, based in large part to the inflated pricing. What is amazing to me is that there is no sort of governance that could curtail this, I realize there are crooked people out there who have made this possible (appraisers taking money to inflate the value of a home, mortgage brokers offering too good to be true financing). But the sheer scope of all involved to create this perfect storm baffles me! I’m not implying that it was all a big conspiracy, maybe it was just mass hysteria! In any case the party’s over. Now who is going to take care of the check?
Tell me stuka, just exactly how does RESPA protect anyone?
It is only a phreaking closing statement!
No, don’t dare whisper the word “conspiracy”.
You know that all those people involved; all those realtors, (many of whom are also certified appraisers), lenders, and big builders were just victims of circumstances beyond their control.
The proposed legislation to help the home buyer makes total sense but do you really think that the banks and big financial institutions who give millions to Bush and the Republicans are going to let this pass and become law???
Dude, you need help. Seriously. You blame Bush and the Republicans for everything. It’s not the political party, it’s humanity. We are a greedy lot. The Democrats are just as bad as the Republicans.
Tell me stuka, just exactly how does RESPA protect anyone?
It is only a phreaking closing statement!
No, don’t dare whisper the word “conspiracy”.
You know that all those people involved; all those realtors, (many of whom are also certified appraisers), lenders, and big builders were just victims of circumstances beyond their control.
He is closer than most. It wasn’t the lenders, or the mortgage brokers. At least, not on their own.
It was the title insurance industry. Nothing moved without a lenders policy, and the title company was the ones that closed the deal. How many folks really know what all the entries on the HUD-1 are for? The Closers in a title shop usually have a list of lenders in case the buyers original lender backs out. And while kickbacks are illegal, it’s hard to track cash. The Rolodex of a Title Closer is the most prized possession, packed with inspectors, appraisers, lenders, realtors, contractors, handymen, strippers (for those closing parties with high rolling buyers) and others as they progress up the food chain. It’s all about Closing the Deal, and if the Large Breasted Typist has to take one for the team, then she will get a couple of Franklins in her monthly bonus envelope.
Damn it was fun while it lasted. Sheri, if you’re out there, I’ve still got the pictures from Morgan Street. Call me.
People are going backrupt because they cant cant the property taxes. Who thought a tax bill on a 1000 sq ft home, would be $10k per year?? Over 5 years, thats “fidy” thousand for the corrupt country goverment.
Sound like a great deal for the county. Saw a AD in the paper for Hillsborough County “ custodian, starting pay between $55-75k, with a golden parachute clause.
Tell me stuka, just exactly how does RESPA protect anyone?
It is only a phreaking closing statement!
No, don’t dare whisper the word “conspiracy”.
You know that all those people involved; all those realtors, (many of whom are also certified appraisers), lenders, and big builders were just victims of circumstances beyond their control.
It’s more about disclosure, than protection. During the the process of purchasing Real Estate the buyers are offered several opportunities to become more informed about the transaction they are about to enter into. There are no guarantees in life, just opportunities to be more informed. You can lead them to water…
In every market there are predators. Those that take the advantage in any transaction.
You blame Bush and the Republicans for everything. It’s not the political party, it’s humanity. We are a greedy lot. The Democrats are just as bad as the Republicans.
Bush and the Republicans are enablers for the greedy lot. They appeal to the lowest denominator of human behavior to get elected while trashing those like Mrs. Clinton who appeal to the best of humanity.
You blame Bush and the Republicans for everything. It’s not the political party, it’s humanity. We are a greedy lot. The Democrats are just as bad as the Republicans.
Bush and the Republicans are enablers for the greedy lot. They appeal to the lowest denominator of human behavior to get elected while trashing those like Mrs. Clinton who appeal to the best of humanity.
Maybe Mrs. Clinton will pull a Chavez and make Hockeyray really happy. Since Americans obviously can’t control their finances and got themselves in such a quandry, Mrs. Clinton could seize all private property and dole it out according to needs. Perhaps existing homes, after being confiscated by the government will be allocated on a basis of 200 sq. ft per family member. Subdivisions could be demolished and returned to nature and humans will be in high rises like Moscow.
Naw..Not even Hillary would stoop that low..(not all at once anyway)
You blame Bush and the Republicans for everything. It’s not the political party, it’s humanity. We are a greedy lot. The Democrats are just as bad as the Republicans.
Bush and the Republicans are enablers for the greedy lot. They appeal to the lowest denominator of human behavior to get elected while trashing those like Mrs. Clinton who appeal to the best of humanity.
Maybe Mrs. Clinton will pull a Chavez and make Hockeyray really happy. Since Americans obviously can’t control their finances and got themselves in such a quandry, Mrs. Clinton could seize all private property and dole it out according to needs. Perhaps existing homes, after being confiscated by the government will be allocated on a basis of 200 sq. ft per family member. Subdivisions could be demolished and returned to nature and humans will be in high rises like Moscow.
Naw..Not even Hillary would stoop that low..(not all at once anyway)
You’re as wacko as Ray. Are you the one in the same?
I love it
