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Can you believe this?
1 posted on 11/18/2012 10:06:03 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet
The FHA, which backs nearly 8 million loans, is helping rebound buyers recapture the American dream...

Compliments of the American taxpayer! Because EVERYONE deserves what you've actually worked your arss off for. /s

2 posted on 11/18/2012 10:09:41 AM PST by Jane Long ("Miss me yet?" - Mitt)
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To: 2ndDivisionVet

Is Hermes illegal?


3 posted on 11/18/2012 10:13:58 AM PST by Gaffer
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To: 2ndDivisionVet

The FHA is at it again. Why help somebody that pulled all the equity out of their home and blew it on a Benz and an Escalade? He’s 61, he isn’t going to pay off this loan. Why does he need a 4 bedroom house? This is a guaranteed loser for the FHA. They must be getting financial help from the Energy Department.


6 posted on 11/18/2012 10:26:02 AM PST by USNBandit (sarcasm engaged at all times)
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To: 2ndDivisionVet
After two foreclosures and two bankruptcies, Hermes Maldonado is as surprised as anyone that he's getting a third shot at homeownership.

The last time he owned a home, Maldonado refinanced four times and took on a second mortgage. He put a Cadillac and Mercedes-Benz C300W in the driveway and racked up about $45,000 in credit card bills and other debts. His debt-fueled lifestyle ended only when he was forced into bankruptcy.


So not only does the government practice no fiscal discipline on it's own budgets, it also encourages and rewards fiscal irresponsibility by private citizens. What's the point of living within your means, investing wisely or paying your debts when there are no consequences for not doing so? Individuals, banks, the government itself - we're living in a nation in which the government actively teaches people that fiscal responsibility is for suckers.

It's all going to end in tears when the US finally runs out of people willing to buy our debt and the high-flown BS about equality and fairness finally runs into the iron laws of second-grade arithmetic, but liberals are as resistant to learning basic arithmetic as they are to learning anything about basic economics and basic human nature.
8 posted on 11/18/2012 10:39:31 AM PST by AnotherUnixGeek
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To: 2ndDivisionVet

Is’nt this what caused the housing bubble and financial meltdown that got us into this recession?


9 posted on 11/18/2012 10:47:23 AM PST by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: 2ndDivisionVet

You know I’d be out on the street if my mortgage check was a day late. But no, I scrimped and saved and sacrificed to pay off two homes without any help from anyone. Boy, how dumb am I.


10 posted on 11/18/2012 10:49:31 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: 2ndDivisionVet

Sure I believe it.

The couple behind me have been living in their house for almost a year waiting for it to be foreclosed.

She told me they haven’t made a payment in months because they are underwater on the house and they are saving the mortgage money to buy another home after this one is foreclosed.She figures it will take them until next June to get them out, and this house was in her husbands name so she will apply for the new home in her name which is debt free.

Not a bad scam.


11 posted on 11/18/2012 10:54:58 AM PST by Venturer
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To: 2ndDivisionVet; All

Did you see this?

FHA May Get Taxpayer Bailout for First Time in 78-Year History

http://www.breitbart.com/Big-Government/2012/11/17/FHA-May-Get-Taxpayer-Bailout-For-First-Time-In-78-Year-History


13 posted on 11/18/2012 10:58:43 AM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11 0bie don' t eatl my dog!)
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To: 2ndDivisionVet

Bump for later.


16 posted on 11/18/2012 11:21:06 AM PST by magellan
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To: 2ndDivisionVet

I’ve suspected it. My suspicion is the government is buying foreclosures and “selling” them for less than they paid for them.


17 posted on 11/18/2012 11:43:16 AM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: 2ndDivisionVet

We know two families who lost their homes after losing their jobs and now are in small rentals with their children. But their name wasn’t Maldonado and they can speak English. Obviously, that makes a difference in how much help one gets in this country.


18 posted on 11/18/2012 12:44:43 PM PST by txrefugee
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To: 2ndDivisionVet

BTTT


19 posted on 11/18/2012 1:08:09 PM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: 2ndDivisionVet

Dont you love heart-warming stories about how immigrant grifters get another chance to screw their creditors thanks to US taxpayer dollars? Another hapless victim of yankee dog predatory lending smiles all the way to the bank to pick up his new housekeys.

How do you say “Thanks, suckers” in spanish?

sniff sniff


20 posted on 11/18/2012 1:52:26 PM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: 2ndDivisionVet

It will happen again to him.....


22 posted on 11/19/2012 11:38:13 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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