Joe Biden Is Once Again Taking a ‘Wrecking Ball’ to America’s Housing Market

New York Post ^ | March 15, 2024 | James Bovard

[nickcarraway]

Would you be willing to save a few hundred dollars on a car purchase if the seller seemed squirrely and didn’t have the title to the car?

Unfortunately, you will be on the hook for Joe Biden’s latest vote buying scheme to subsidize mortgages for houses with shaky titles.

In his State of the Union address, Biden proclaimed, “My administration is also eliminating title insurance on federally backed mortgages.” What could possibly go wrong?

[ProtectOurFreedom]

The Post should have shortened and simplified their headline:

Joe Biden Is Once Again Taking a ‘Wrecking Ball’ to America

[Bullish]

The Marxist goons advising Biden are as much our enemies as any we have in the world. Maybe even more.

[Chode]

my title goes back to 1850 from the federal government after they took it from the Seneca...

[Tennessee Nana]

So Joe is stealing the houses of American citizens and selling them ???

[FlingWingFlyer]

And the demented one is twerking at Americans.

[1FreeAmerican]

This could be good for me should I reverse my mortgage - then no PMI?

HELOC’s will disappear.

[mcenedo]

While I have little or no regard for Biden and the ‘Rat election year pandering, Title insurance is a total rip off. I have 40 years mortgage servicing oversight experience and can recall I legitimate claim.

[Right_Wing_Madman]

So Joe is stealing the houses of American citizens and selling them ???

No, but subsidizing mortgages, like college tuition, is one of the factors that has sent home/rent prices skyrocketing in the past few years.

[1FreeAmerican]

I’ll re-read this tomorrow.. too much Mexican water over here.

[Robert DeLong]

He’s taking a wrecking ball to America.

[ChessExpert]

It seems to me that the lyrics of the song Viva La Vida by Coldplay are apt for fallen tyrants. Let’s hope they will apply to Biden, Putin and Xi Jinping.

Viva la Vida lyrics:
https://www.azlyrics.com/lyrics/coldplay/vivalavida.html
Music with lyrics:
https://www.youtube.com/watch?v=y4zdDXPYo0I

[HereInTheHeartland]

One would be a fool to buy a home without a thorough title search.

[GOPJ]

Why not also provide a $5,000 grant for homes with lawn signs for Democratic candidates? Who entitled the Biden White House to pick winners and losers in the housing market?

One biased kick-backed wrecking ball gave permission. Biden's such a lowlife...

[Taxman]

SloeJoe and The Hoe have taken a wrecking ball to AMERICA!

[Pilsner]

I have 40 years mortgage servicing oversight experience and can recall I legitimate claim.

And do you think the fact Title Insurance Companies meticulously research the title to a tract of land under contract to sell, and demand that ever detectable potential title defect be cured before closing, to make certain they never get a legitimate claim made against the policy of title insurance they sell, has anything to do with the fact that you have never seen a legitimate claim made against a title insurance policy?

[1FreeAmerican]

Nail - meet Mr. Hammer.

Excellent response Pilsner.

[mcenedo]

Property records are kept by the county. A simple search should be sufficient.

How many times has the same title insurance company (or ANY title vendor) collected premiums for the SAME property. Every single refi - every time the property is sold, even if it's a matter of months.

Full premiums charged.

[Forward the Light Brigade]

History will nor be kind to Biden and Harris.

[skimbell]

Saved me a bunch of money and fixed a problem when I bought my house/land 35 years ago.