[...] It was not to be. Five months later, the POTUS was sticking his finger in the housing dike, promising to stop the flash flood of foreclosures. [...]

Like or Dislike: 0  0

where can I find the Foreclosure Process…

The Truth about Option ARMs, Pick-a-Pay Mortgages, and Alt-A Loans … is an excellent post on where can I find the Foreclosure Process….

Like or Dislike: 0  0

Obama used foreclosures as a campaign issue … and once elected … turned his back on the issue entirely.

Just ask Illinois D-Senator Dick Durbin how hard Obama fought to keep his campaign promises … like the bankruptcy cramdown provision.

Obama hasn’t done a thing … and his so called foreclosure solutions are being purposely ignored by the lenders … and he remains silent on the matter.

Obama is a punk.

Like or Dislike: 0  0

It appears that Obama is using the tactic of “lets make them think we will help them”, and I am starting to wonder if he even really cares that taxpayers are losing their homes in droves.
He gave all the money to the banksters who were instrumental in causing this mess, now these guys get these houses put them on the market at prices that lowers the values on the homeowners that are barely hanging on. I put 35% down on my modest home and now cant even get my down payment back and probably will go underwater soon if something is not done.
I have lost everything that I have worked for all my life, and at 60+ years am looking toward a hand to mouth existence in my retirement.
I have seen no sanctions for the people who made millions and probably billions on their irresponsible actions, geeez I havent even heard a friggin “im sorry” from Obummer and his cronies.
Oh, and his forced stimulus so we could get the money out there quickly to help the economy “immediately” is not looking so good either.
I dont think this arrogant, narcissitic man cares a bit about us! We need to start going to the tea parties and pray! We need to do something, because if we don’t 2010 will make 2009 look like a walk in the park.
If things do not turn around by 2010, I can only hope that Americans will vote accordingly.

Like or Dislike: 0  0

@Richard:

This isn’t about “buyer beware” regarding mortgage fraud, it’s about “taxpayer and homeowners desperately seeking modifications of their loans beware” of Obama fraud.

Like or Dislike: 0  0

What a mess. Remember that saying, Caveat Emptor?

http://www.fbi.gov/publications/fraud/mortgage_fraud08.htm

Like or Dislike: 0  0

Unfortunately Mata, like you said, it’s a promised kept. I have some sad news for all of the messiah’s followers. Most of the promises he keeps, aren’t going to work. Will it keep anyone from putting them in the promises kept column…no. He kept his promise to increase funding for the NEA. Who the hell does that help in this economy? People that want to put crosses in urine and call it art, that’s who. But those very folks voted for Obama.

I’m sure PolitiFact has an agenda, not many people out there don’t. So far, it’s the only place I’ve found that has a site like this to track this kind of stuff. Anyone, and I mean anyone that reads any site and takes it as the gospel, without doing a little double checking, usually votes democrat.

Take Promise Kept #458 on the PolitiFact Tracker: Invest in all types of alternative energy even PolitiFact admits nothing has really been done that would qualify this as a promise kept. But they put it up anyway.

By the way, nice post as usual. I have a friend that has two houses. He rents one out and lives in another. When the market crashed, the person renting his house discovered they could rent a nicer house for much less. Who couldn’t? The deals out there now are crazy. This strained my friend pretty badly. But his bank worked with him. I happen to believe it was the bank’s decision to help a long term customer and not Obama’s legislation, but that’s just me.

Most of the stuff like this coming out of congress should just be titled: HR Fluff -n- Stuff. {don’t know how many people are old enough to get that one}

Like or Dislike: 0  0

[...] This post was Twitted by realreoprops [...]

Like or Dislike: 0  0

Man, those trolls that frequent this blog sure have their work cut out for them, don’t they? All they have been able to muster up is – “look at the video! He wasn’t looking at her butt!” But they avoid these posts like a hard, non-government subsidized work day!

Like or Dislike: 0  0

This is basically the same magical thinking that gave us the unemployment graph. The people producing the numbers are flunkies who know what the boss wants to hear. I remember looking at the constraints for relief under this plan and wondering how many people could possibly qualify *and* want to go through the hassle; it’s not surprising to me that the number turned out to be very small.
As the economy worsens, I expect they will start claiming that the reason this money (and much of the stimulus money) hasn’t been spent yet is that the conditions put on it to avoid moral hazard are just too strict. Then the real giveaways and featherbedding start. Krugman is already calling for another stimulus, which also allows him some cover when this one doesn’t allow the economy to recover.

Like or Dislike: 0  0