Since we have this post I’ll note the additional UPDATE here too.

Donna Hanks, the Baltimore former homeowner (foreclosee?) who was assisted by ACORN in breaking and entering her former home was arrested and charged in the case today.

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Definitely a good idea to stock-up on ammo. That’s the first thing they’ll be confiscating if push comes to shove. Don’t get left outgunned by these control freaks who think they have a “right” to a free Lexus and a nice house (your house) and free money (your money) just because a bunch of idiots elected thier poster boy as President.

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It is people like this that suck the system dry. They suck and suck and suck and have more and more kids that they cant support and the people that work and pay taxes end up buying healthcare, food and shelter for them and then end up taking care of their kids and sending them to college or prison. They all live on the tit of America and the tits about to get much bigger and they all know it. Bend over and grab your ankles because everyone is about to support half a dozen people that are living on the system that the democrates created.

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Funny you should post that, Aye. I just sent off the link to Curt so he could update this post. I might remind everyone that this is the home of that loser, Donna Hanks, that I posted on Feb 20th INRE the ACORN/civil disobedience. You know, the lady who bought it for $87K, refi’d it for $270K and sucked out $175K cash equity, declared bankrupcty, and is now whining???

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UPDATE:

Arrest Made in Home Foreclosure Civil Disobedience Program

Police in Baltimore today made what is believed to be the first arrest in a civil disobedience program aimed at supporting homeowners who refuse to vacate their foreclosed homes.

An activist with ACORN — the Association of Community Organization for Reform Now — faces criminal charges after breaking into a home in southeast Baltimore on Thursday to protest the foreclosure crisis sweeping the country.

“This is our house now,” ACORN member Louis Beverly reportedly said after cutting a lock with bolt cutters at the home.

Beverly will be charged with fourth-degree burglary, according to Anthony Guglielmi, a spokesman for the Baltimore Police. Attempts to reach his attorney, Justin Brown, were not immediately successful.

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And guess what? The CRA has not been repealed and this mess will only get bigger as time goes along. People are complaining that banks won’t lend money. Who can blame them? They just don’t want to lend to another group of deadbeats.

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Max #29: Obama’s plan is a postponement only for a larger crash downline.

As I explained in my post on Feb 19th, When Audacity meets Absurdity, it’s structured to fail.

1: It entails the bank and taxpayers buying discount points to lower loan rates for those in trouble. Big beaucoup bucks, and at best, an “economic affirmative action” policy.

2: The majority of those are in homes upside down in value… this program keeps the mortgage the same, but lowers the payments. Our problem is Wall St and the banking institutions are holding massive promissory notes for over valued property. This does NOTHING to cure the over valued assets. If the assets are not over valued, it’s not as much of a problem. One buyer moves out, and another qualified buyer moves in.

Obama, Geithner and Summers are doing the unthinkable… they are trying to keep the housing bubble inflated… the big flaw with their plans.

3: This is a five year “government ARM”, so to speak. Meaning these lowered payments that the bank and taxpayers paid to buy down the rates only last five years. Then the payment… like an ARM… is “phased up”… just like an ARM.

Now think of this in logical terms. You own a home that’s worth $189K. You have a mortgage at 7.5% for $214K. Obama wants taxpayers and bankers to pay for discount points to lower your rate…. already incurred big bucks cost there.

But you still have a mortgage for $214K for a house worth $189K. What if you want to move in two years? Guess what… it’s either a short sale or foreclosure, because the house is still overvalued. There’s the second hit on the banks, and then the taxpayers are again on the hook when they (the banks) ask for another bailout installment. Remember, these loan modifications have a 50-60% failure rate.

What if you keep the house for the five years, the payments go up where you again can’t afford them? Let’s assuming your $189K house instantly started accrueing 3% annual appreciation. At the end of five years, your home value increased from $189K to $219K. You have a mortgage of $214K. That $5000 difference doesn’t even cover the cost of sale and closing costs at title. Again, you have a short sale. And that’s hoping the home prices even start going up again from an already too high existing price.

What has Obama planned? To have the banks and taxpayers stave off a future short sale or failure for a few years… when it will then be the second round of losses.

That’s bright….

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I find it ironic. She is saying this is their house.

While you are listed as being on the house, there’s this little thing called the lien-holder. The lien-holder ultimately has responsibility for the house.

If the person who lives in the house doesn’t pay property taxes and the “home owner” moves out, then the lien-holder owns the property and is responsible for those bills.

The house is not yours until the house is paid off.

If these people had been paying their mortgage, then the bank wouldn’t have foreclosed. I am guessing that ACORN doesn’t rely on logic. Emotions. All decisions can be made solely on emotions.

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My post is in the filter, P&T.

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Looks like this incident won’t be a one shot deal. Has Robert Gibbs denounced the behavior of ACORN? I wonder why.

Colin Powell is involved in the “newly elected President Obama’s” USA Service-Renewing America Together service initiative. This organization provided this for Home Defenders:

In a January 29 press release, USA Service – Renewing America Together introduced itself as a “brand new national service initiative from the administration of newly elected President Barack Obama.”

So, could somebody please explain why the USA Service – Renew America Together website posted a launch announcement for Home Defenders in the form of an invitation to attend the kickoff February 13 at Brown Memorial Church in Brooklyn, NY?

This probably wont help anyone’s blood pressure, but read through it anyway.

http://therealbarackobama.wordpress.com/2009/02/23/barackistans-usa-service-renew-america-together-supports-acorns-home-defenders-and-encourages-civil-disobedience/

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