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Man falls behind on payments, mortgage company has home trashed
WTSP ^ | 6/30/11 | Mike Deeson

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 ...


TOPICS: Business/Economy; Crime/Corruption; US: Florida
KEYWORDS: lenders; mortgages; property; theft
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To: Kartographer

It’s so easy to be compassionate... with other people’s money.
Make your house payments, in whatever form they take - - rent, loan, whatever.
If you can’t or won’t make your house payments, get out of the house or get thrown out. It really is that simple.


61 posted on 07/08/2011 12:04:20 AM PDT by Lancey Howard
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To: Lancey Howard

No, actually it isn’t always that simple.


62 posted on 07/08/2011 12:07:31 AM PDT by Lexinom
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To: Kickass Conservative; Kartographer

I’m having so much fun, I think I’m going to evict that little old lady in 3B and smash all her good china!


63 posted on 07/08/2011 12:08:14 AM PDT by trumandogz
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To: ReignOfError
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.

So people who fall on hard times should get a free house?
Bunky, you're on the wrong site.

64 posted on 07/08/2011 12:08:22 AM PDT by Lancey Howard
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To: Lexinom
No, actually it isn’t always that simple.

Yes. It is.
If you want to have compassion for somebody who can't or won't make their house payments, then YOU can give them a free house.

65 posted on 07/08/2011 12:10:31 AM PDT by Lancey Howard
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To: Lancey Howard
I don't think anyone's saying that.

You're making some rather childlike assumptions about the purity of the system that determines borrower interest rates. Have you ever delved into finance, an industry that makes a killing for producing no tangible work output. and done the forensics necessary to determine where all that money comes from?

66 posted on 07/08/2011 12:12:06 AM PDT by Lexinom
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To: Lancey Howard

You are pure, like a child, and naive. The kingdom of heaven belongs to such as you...


67 posted on 07/08/2011 12:13:02 AM PDT by Lexinom
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To: Kickass Conservative

How the hell do you know what his situation is other than the main thread of the story?

How do you know he was gone on vacation? I sure couldn’t surmise that from the info given. For all I know the guy lost his job and was out of town trying to find another one.


68 posted on 07/08/2011 12:13:13 AM PDT by abigailsmybaby ("To understan' the livin', you gotta commune wit' da dead." Minerva)
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To: Lexinom

I’m not going to defend the banking industry.


69 posted on 07/08/2011 12:13:17 AM PDT by trumandogz
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To: Kartographer

It would appear that some people are unable to differentiate between a “tenant” and a property owner. Whatever this man may be, he is still the legal owner of the property.

It also strikes me that failure to prosecute this destruction and theft of personal property puts that entire concept into peril...anyone who has a mortgage should be terrified of that possibility.

What’s next? If you are current on your payments, they can come on in to make sure you are “keeping up the house” to their standards?


70 posted on 07/08/2011 12:13:43 AM PDT by garandgal
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To: Lancey Howard
So people who fall on hard times should get a free house?

Nah, they should have their personal property deliberately destroyed by whoever holds their note. The mortgage holders acted illegally and deserve the lawsuit they're going to be facing.
71 posted on 07/08/2011 12:14:32 AM PDT by AnotherUnixGeek
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To: trumandogz
It's OK, she'll probably just blame Bush anyway.

I'll bet you own a Pitbull don't you? LOL

72 posted on 07/08/2011 12:14:44 AM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now.)
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To: abigailsmybaby

We just know that he failed to pay his mortgage.

And we also know that the mortgage company is not a 501(c)(3).


73 posted on 07/08/2011 12:15:39 AM PDT by trumandogz
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To: Lexinom
You're making some rather childlike assumptions about the purity of the system that determines borrower interest rates.

You sound like a moron.

74 posted on 07/08/2011 12:20:03 AM PDT by Lancey Howard
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To: Kickass Conservative; Kartographer; Lexinom; Lancey Howard; abigailsmybaby

Ok.

Here is the rest of the story.

His got his mortgage from 21st Mortgage Corp. which bills itself as “Your Manufactured Home Lending Source.”

https://www.21stmortgage.com/web/21stSite.nsf/index?OpenForm

This company gets to play by different rules of lending which are more like a loan on a car than a loan on real estate.

They can repo your trailer home, just like they can repo your car.

BTW-I was correct when I wrote in 28”

“If I were running that mortgage company, I would have ordered a crew to go to there, put the wheels back on the house and haul it to the nearest repo lot.”


75 posted on 07/08/2011 12:25:44 AM PDT by trumandogz
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To: Lancey Howard
Ah, insults... The last line of defense. I pay you a compliment on your angelic purity and you resort to insults. I'll turn the other cheek this time.

Far from a moron, I understand how the system that determines interest rates in the first place actually works. I understand that, though many use it as such, it does not measure honor. No, no! It measures gullibility, how much money they can make off of you. Credit counselors will advise you, "Do NOT pay off the entire balance and close the account! They want to see it open with a goodly balance. That tells creditors that they can make money off of you (while giving you nothing in return for that 25% interest rate)." Hello? Theft, anyone? Usury? That, my FRiend, is what FICO is all about! Not the hokey pokey, but ripping people off!

It's a part of this discussion because the person in question may have been getting ripped off on his mortgage payments because, according to aforementioned corrupt system, he could not refinance to a rate which would have allowed him to make the payments.

Now do you see from whence the dark pathos against the credit rating system arises?

76 posted on 07/08/2011 12:27:28 AM PDT by Lexinom
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To: abigailsmybaby
I didn't say I knew any more than the story stated. I said I think there is more to the story. The discussion of where the Homeowner was is pure conjecture. Some of us were discussing the possibilities, him being on vacation as an example. If the Lender acted illegally as the story stated, there should be criminal charges filed, unless the Lender was Obama of course.

Read through all the posts. The issues you raised were discussed in length by numerous posters including myself.

This whole thread is getting a little silly. The “facts” of story seem a bit surreal to me. If a crime was committed, what is the outcome of the Investigation?

77 posted on 07/08/2011 12:29:21 AM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now.)
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To: trumandogz
It's called VINDICATION. Good job.
78 posted on 07/08/2011 12:31:11 AM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now.)
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To: Kartographer

Stay out of Brooksville, Hernando County, FL - JBT Territory.


79 posted on 07/08/2011 12:32:13 AM PDT by Tunehead54 (Nothing funny here ;-)
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To: Kickass Conservative

Even if he walked away and turned his back on it while partying hardy, somehow it does not sound like this situation would have been kosher according to RESPA. There’s a time frame in which this stuff has to play out, with legal notices, etc. As much as we would like to morally dump on the dead beat, the law is there to protect all consumers, diligent or not.


80 posted on 07/08/2011 12:40:08 AM PDT by HiTech RedNeck (Hawk)
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