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Philadelphia Gives Homeowners a Way to Stay Put (without paying their mortgages)
New York Times ^
| November 17, 2009
| Peter S. Goodman
Posted on 11/18/2009 3:23:26 AM PST by reaganaut1
click here to read article
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To: Above My Pay Grade
To: abb
But this romantic media creation of the poor put-upon borrower is a bunch of bullsh!t. When I first started doing loans, I was of that opinion. I got disabused of that rather quickly. Most deadbeats are just that. Deadbeats. They borrowed money to buy some toy they didn't need or to live in way more house than they could afford.This has always been my suspicion. Thanks for confirming it.
22
posted on
11/18/2009 5:26:46 AM PST
by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always)
To: Leftism is Mentally Deranged
It’s only designed to keep foreclosure numbers down, not out of concern for the foreclosed upon, but for obama’s numbers, while Obama is president, so he can kick the can down the road .
In essence, as long as he’s president, not doing anything, meaning letting them who don’t pay their mortgages, let’s them live there free, while who actually owns the land? Fannie and Freddie. The government. Welcome to serfs and serfdom.
23
posted on
11/18/2009 7:56:30 AM PST
by
Freddd
(CNN is not credible.)
To: Freddd
Sarah will need a huge broom and mop to clean Obama’s messes up.
We are the broom, voting corrupt congress out.
She is the holder of the mop.
24
posted on
11/18/2009 7:57:56 AM PST
by
Freddd
(CNN is not credible.)
To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ...
25
posted on
11/18/2009 7:59:49 AM PST
by
Tribune7
(God bless Carrie Prejean)
To: reaganaut1
So no one will lend any money in Philadelphia. Brilliant!.
26
posted on
11/18/2009 8:01:30 AM PST
by
Kozak
(USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
To: abb
In all fairness,I know of one person who was talked into a Countrywide mortgage against her better judgment.
27
posted on
11/18/2009 8:09:35 AM PST
by
Tribune7
(God bless Carrie Prejean)
To: Neidermeyer
28
posted on
11/18/2009 8:44:04 AM PST
by
expatpat
To: Tribune7
29
posted on
11/18/2009 10:15:23 AM PST
by
GOPJ
(ObamaCare - slush fund scam that would make Bernie Madoff blush.)
To: reaganaut1
If the judge finds that the mortgage company is not acting in good faith, she can hold the house in limbo by denying permission for a sheriff’s sale. I wonder if these judges consider it "not acting in good faith" if the mortgage company expects the borrower to comply with the terms of their contract?
30
posted on
11/18/2009 10:25:06 AM PST
by
timm22
(Think critically)
To: Tribune7
You just saved me $1,2021.85 a month, Trib! Thanks! I think I'll donate that money to Sarah Palin instead.
31
posted on
11/18/2009 10:58:59 AM PST
by
End Times Sentinel
(In Memory of my Dear Friend Henry Lee II)
To: Tribune7
In all fairness,I know of one person who was talked into a Countrywide mortgage against her better judgment. I'm sure many who had no business do so have been talked into borrowing money. Lots of folks buy stuff they don't need, too. That's what Madison Avenue is all about.
But if stupidity no longer has consequences, then the human race is finished.
32
posted on
11/18/2009 12:29:20 PM PST
by
abb
("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
To: Owl_Eagle
33
posted on
11/18/2009 12:55:34 PM PST
by
Tribune7
(God bless Carrie Prejean)
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