DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
19 comments:
Excellent example:
the assholes that our government just gave 700 billion dollars to, gave a loan to a 90 year old woman who the loaner probably new she could not repay it.
God bless her.
I hope all them sone of a b----s go to hell.
The only possible good thing to come out of this is this beautiful soul now has supernatural powers to haunt the living "F" out of these jabronis. On a serious note, make sure you speak with your own parents/Gparents and ask them up front if they have such feelings/concerns. For people 60-90+, you have to understand their formative years involved maybe 3 channels on a black/white tv, rotary phones, a handshake as a valid contract, and Al Gore had neither been elected president nor invented the internet yet. Respect, and more importantly UNDERSTAND, your elders during these challenging times. It is no BS; we are in an era right now that nobody saw coming. Do the right thing and check in on your neighbors, no matter what party sign they put in their front yard. We only survive this mess together....as Americans.
Who in their right mind gives a 30-year loand to a 90 year old person? Chances are slim to none (and Slim just left town) that nobody that age will live long enough to pay it off.
How did Kucinich vote on the sell out bill? If he voted against it after using this tragic story to make a point, then God Bless him.
If he voted for it then he is as big a piece of S--- as all the rest of them sons-a-bitches.
Countrywide is her lender. This poor woman, my heart breaks for her.
They should have let Wall St. CRASH. It crashed before and came back stronger and would do so again once all the thieves were removed. Now who is going to come along and bail any of us out of financial ruin, if necessary? Screw this government and all that run it.
BTW Joe...you are probably headed to the fight about now (the connection I have with a guy whose last name ends in a vowel has Fernando dropping this guy early in the third); but I guess our voices got through. The bank forgave the Mortgage a little while ago. I believe it was Adam Sandler that said "thank you, that info would have been really helpful YESTERDAY!!!!!!!!"
How many people will now think if they shoot themselves their lenders will sign the home over to them or their families?
I am so sad to learn this, it breaks my heart.I hope the person that sat in front when she signed the loan papers never sleeps a full night again.
mI just read that the mortgage company had forgiven the debt for the home of this 90 year old women who had taken her life.
f--- them.
This is not the america i once knew.
It is a sad sick ass greedy bunch who cares about no one but there money.
I hope we wake up before i t is to late.
CNN is reporting that Fannie Mae has forgiven (set aside) her mortgage.
Im not going out with-out a fight eighter, even if i gotta die bloody. Worked to long and to hard to live with shame.
REESE, THATS THE SMARTIST THING IVE EVER HEARD YOU SAY.
How many others are going to shoot themselves to try and get a free home?
We don't have all the info on this case, but it sounds like she was misinformed about this deal. What a shame to prey on the elderly.
Wow-she must have had major medical or home repair expenses that made it mandatory for her to put up the only collateral she probably had-the home she and her late husband owned.Its only getting worse people-unless you are indepently wealthy or have a cushy job that pays well,dig in.People like this lady,who are on fixed incomes,just CANNOT keep juggling things.Its hard enough for working people.I hope she recovers-sure,Countrywide is gonna give her the house NOW-they do not expect her to recover.Bloodsuckers who do not deserve to be "bailed out".
Bluto,
If only that were the case...these mortgage brokers were condo cleaners or waitresses before the bubble started growing and everyone either became a realtor or a mortgage broker. No experience necessary!
They would lie through their teeth to get a mortgage. Chanting the mantra of how much equity they already had in their home because prices keep going up up up.
They never thought this would happen.
But it always does, and it always will. The market is cyclical and it is a good thing. What makes all of this very wrong is that the artificial controls that were placed in certain areas of lending and the controls that were lifted in others.
In the 90's the government thought it would be a good idea to start a program called the 'Community ReInvestment' program. This enabled people who had never owned the opportunity to buy with -0- down. This was governmentally subsidized and supposedly supervised, but in the end it mostly sold homes to people who really had no idea what it means to own a home and pay it off. Instead, when they got in early at a good price, and prices went up mortgage brokers would go door to door asking what peoples rates were, and telling them they could get them in lower. Sometimes only a 1/2 of a percent, just so they could get a commission! This was criminal! These salesman just pitched how much cash they could get them at closing, and how great their payment would be at $200 a month less. They didn't read the fine print...they didn't understand the nuances of compound interest, hidden fee's, and balloon payments. Between the independent mortgage brokers, the appraisers, and the realtors; the stupid didn't have a chance.
It used to be that a couple would buy a house and make it their goal to pay it OFF. At some point that goal changed. I don't know how or when, but it did.
I'm happy to say that this has been the goal of our family. Our house is old and has problems, and is a constant project, but it is almost ours, and I can't wait to make the last payment.
I feel so sorry for these families who were never taught to live within their means. Our government has set a terrible example for our young people and this bailout is yet another poor example for them to emulate.
Not to argue, but a lot of people where living within there means.
Then along came geo bush and nafta and a lot of jobs went with it.
Now there are no jobs that will support there former salaries.
Some did go over but others where forced into the situation because of losing there jobs.
Hey ,the gov has taken over.
Our jobs are all but gone,the money goes overseas,and until the money comes back and jobs come back,and we invest in america instead of some foreign investment to make money,nothing is going to change only get worse.
I dont care how many$700 billion dollar bail outs there are.
3:39
Your right about the jobs going over seas but we cant blame that on 'W'.
Clinton did NAFTA as an executive order within 72 hours of taking office. 'W' gets blamed for it because it was under his watch the true trickle down effects of it are being felt.
You are also correct in saying that until we start making and producing things here that bring jobs here, we won't be able to afford anything.
The problem is that we want things cheap and we want it now. If each and every one of us would spend $20 per month on an AMERICAN made products it would instantly overnight produce 2 million jobs!
We have to stop buying this cheap chinese BS just to have it.
We have got to invest in ourselves,and we have got to stop believing that the government is going to take care of us.
Look at every single civilization since the begining of time and you will see that the government has historically been the oppressor of it's own people.
Swindling us out of our homes under the guise of cheap interest rates is all just another way to enslave us. What do you own now?
Like most Americans, we don't really own squat!
The mortage company forgave her forclosure and let her go home. I would love to have a lawyer let us know, does this set a prsidence in the law? Would this be something that could determine future forclosure rules?
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