Posted on 07/07/2011 9:58:59 PM PDT by Kartographer
Imagine coming back to your home after being away a few weeks and finding the locks changed and the home trashed. That's what happened to Chris Boudreau of Brooksville.
Boudreau showed us the home, which was stripped bare.
Walking through the living room, he tells us "I used to have a couch, a sofa, a couple of end tables, a TV, DVD player, tapes and cabinet... but they are now gone."
It happened after 21 Mortgage Corporation in Knoxville, which is Boudreau's lender, hired a local company to do the job.
(Excerpt) Read more at wtsp.com ...
I was commenting on the Homeowners actions that led to this, not the actions of the Lender.
My sympathy level goes down when people cause their own problems, in this case by not paying the Mortgage.
As I said, I do not condone the Lender's actions if they were in fact illegal. I have no idea whether the Homeowner was informed of the Foreclosure or not. His irresponsible actions led to the outcome, it's that simple.
If the Lender committed a crime, then the Lender will have to face the consequences. If not, this (former) Homeowner has no one to blame but himself.
I agree.
However, I’m thinking there is more to the story.
Actually I don’t think it matters not to you any way. I think in your heart it would have been fine if they put a bullet behind the guys ear and maybe the wife as well and dumped them into the dumpster next to they belongings. They were behind in the mortgage so they were not only no longer citizens, they were no longer human and needed to be put done like some old dog.
“You must own property in a place with a lot of gun control.”
Texas.
Thank you! I've been saying this for years...the useful people in this Country are being sucked dry by parasites on all sides...welfare, Goverment workers, finance, health insurers...all vastly overpaid parasites.
However, if these are hardworking folks, non-drug users, not alcoholics, who are working, hit by economic woes, perhaps with cut hours, and whose interest rates are too high because of a credit score determined by a, how to say this delicately... less-than-altruistic measure of honesty known as FICO, if they are doing the best they can and still being crushed to line the pockets of the bank with usurious interest rates paid for no useful work output in return... If that is the case then I do not share your views.
There's usually more than meets the eye, and too much we don't know to jump to any rash conclusions here. It's simplistic and naive to assume that the "bank is always right" or the "borrower is always right".
What is ethical? What most closely comports with God's Law? God gives us plenty of guidance if people would abandon the myth of the disunity of His Word and actually read His words in Deuteronomy, Numbers, and Leviticus. Even if the ceremonial aspects are no longer binding for people today, His words still stand and He does not change.
Just my thoughts...
So all of you bright prognosticators, what would the guy have been legally entitled to do if the thieves hired by the lender had showed up while he was in residence? My guess, irrespective of what he may owe on the property, is that he would have had the right to repel them by force if necessary. After all, it would essentially be a home invasion, particularly if they showed up sans paperwork and perhaps the local sheriff. So how is it any different because they managed to “hit” the place while it was unoccupied. I don’t condone not paying your obligations, but this behavior on the part of the lender is reprehensible and also illegal since the contents are not likely to be covered by the mortgage.
In my time, I have had to initiate eviction procedures on tenants.
It is a very tedious and heart-wrenching process especially when there are kids involved.
The kids had no choice in the matter and got stuck with deadbeat parents who could not even cover rent.
On the other end of that, I went through a period of my life when I was out of work, my wife was pregnant and in law school and I fell behind on the mortgage payments.
I worked my way out of it by working 18 hours a day driving a cab and then working in a bar.
And I would have never considered going on vacation while behind on my house payments.
If not, I think you owe Trumandogz an apology.
Just my opinion...
But wouldn’t it had been better if when you fell behind that you would have been tossed out into the street and had all your belongings thrown into a dumpster? Wouldn’t that have taught you a better lesson?
Or housesitting for a friend, or caring for a sick relative, or settling the estate of a dead one, or staying with a friend while he looked for a job in another town. But hey, he must have been on vacation, because you made that up.
If he were working, he could pay his mortgage
Right. If he got laid off from his middle-management job and found work driving a truck, I'm sure that wouldn't have any negative impact on his ability to keep up.
I think there is much more to the story. Having evicted Tenants in the past, I always showed up with a Sheriff to serve papers.
Don't make this into the shootout at the OK Corral, it wasn't and it wouldn't have been.
“But wouldn’t it had been better if when you fell behind that you would have been tossed out into the street and had all your belongings thrown into a dumpster? Wouldn’t that have taught you a better lesson?”
I came up with the money and therefore the bank would have no reason to foreclose.
This deadbeat went on vacation instead of paying his mortgage.
Well we all know about opinions. Any time any one holds the failure of someone to honor a civil contract over the law it is wrong. And anyone who holds with committing crimes against someone because they broke a civil contract is wrong. That’s one of the reasons this country was founded because civil contracts were held more important than people’s basic rights.
“Although Boudreau had fallen behind a bit in his mortgage, there were no foreclosure proceedings in effect,” Altman says.
It's hard for me to imagine anyone going on vacation while the mortgage is in arrears. That's a matter of honor. And that's precisely why I think the FICO system is garbage: it does not measure honor.
Case in point: Someone is trying to get out of debt. He makes sacrifices. He pays $2,000 on a $5,000 credit card balance in September - on a minimum payment of $100. In October, he sends the payment a mere two days late. Does FICO take into account the fact he made twenty months' payments the previous month? No. Yet, does his credit rating take a big hit for being two days late? Yes! Why? So others can charge him higher interest, ripping him off while rendering him no useful service in return.
Something similar happened to me a couple of years ago. The experience served as an epiphany, and I viewed it as an unprovoked attack upon my personal honor. Therefore, I am no longer a friend to finance, and once the mortgage is paid off have no intent ever to borrow money again, God willing.
FICO is a racket designed to keep the poor, poor. Bank policies of sorting transactions to maximize overdraft damage, sorting them differently from the chronological order in which they occurred to extract $200 in overdraft fees instead of $33... that's a racket. It affects only the poor (who have low balances) yet satisfied the Shylock aspect ("Every last ounce of flesh...") These people are highly-paid scum of the earth wearing suits.
Makes perfect sense to me. /s
“Right. If he got laid off from his middle-management job and found work driving a truck, I’m sure that wouldn’t have any negative impact on his ability to keep up.”
Like I said, I lost a job in my field and drove a cab 18 hours a day to pay the mortgage and cover the wife’s law school bills.
And just because this guy may have lost a job does not mean he should be absolved of his financial obligations.
However, I may be backing off my vacation theory and instead going with local hoosegow theory.
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