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Obama’s "Responsible" Reno Homeowners - Are They?
CNBC ^ | 11 May 2012 | Diana Olick

Posted on 05/11/2012 2:19:19 PM PDT by zeestephen

President Barack Obama visited Val and Paul Keller on Friday. They owe $168,000 on their mortgage. Their home is currently valued at $100,000. Obama forgot to mention something. At the peak of the market in 2007, the Keller's did a $250,000 cash-out refinance! Now they want Obama's help.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events; Politics/Elections; US: Nevada
KEYWORDS: borrow; debt; mortgages; nv; obamanomics; refinance; reno; spend

1 posted on 05/11/2012 2:19:24 PM PDT by zeestephen
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To: zeestephen

The Obama Administration wants to gut the financial system. Cry Havoc! Let Slip the Dogs of (Class) War!

http://confoundedinterest.wordpress.com/2012/05/11/plouffes-philadelphia-explanation-of-loan-modifications-and-their-benefit-seems-to-ignore-costsrisks/


2 posted on 05/11/2012 2:26:28 PM PDT by whitedog57
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To: zeestephen

How can this administration be so insanely inept!


3 posted on 05/11/2012 2:26:46 PM PDT by rawhide
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To: rawhide
How can this administration be so insanely inept!

Yes he can, Bill Clinton said so. Bill Carter said he was for Romeny.

4 posted on 05/11/2012 2:34:16 PM PDT by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: zeestephen

There is always two sides to the story with every useful idiot the commie ‘RATS drag out of the dumpster to exploit. One is nothing but ‘RATsh*t for public consumption and then there’s the “rest of the story”. The ‘RATS need to learn how to “vet” these morons before they exploit them.


5 posted on 05/11/2012 2:37:30 PM PDT by FlingWingFlyer (Dumb, dependent and Democrat is no way to go through life. - Rep. Louie Gohmert (R-Texas)
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To: zeestephen

The administration and news organizations better be very careful in dragging these sob stories out to the masses...it’s very easy for an average citizen with a computer to fact check property history.

A local paper near me did that - many of us weren’t ‘kind’ in the comment section under that article because we did a little ‘fact-checking’...something that if the ‘journalist’ had done —would not have ran the ‘oh my goodness, this is so sad’-story.


6 posted on 05/11/2012 2:57:32 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
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To: rawhide
because president Harrison J Bounell and his missus, now affectionately known as “the wookie” probably did the same thing

cashed equity out of their Chi-town house over and over again

Except the obamas get “book royalties” every year now to cover their expenses and keep them in the style to which they have become accustomed mmm mmm mmm

7 posted on 05/11/2012 3:15:42 PM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: zeestephen

this should be in Breaking News. O is gonna be all over the news tonight with this couple — people need to see the truth. Good article. Thanks


8 posted on 05/11/2012 3:17:56 PM PDT by bunster
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To: zeestephen

HONK if I paid your mortgage... and for your boat, motorcycle, vacation...


9 posted on 05/11/2012 6:25:29 PM PDT by DUMBGRUNT (The best is the enemy of the good!)
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