PEACENOTWAR MAKEFRIENDNOTENEMY FEAR ALLAH NOT MAN.ISLAM MEANS PEACE.ISLAM FOR ALL. MUSLIMS ARE NOT TERRORIST AND TERRORIST ARE NOT MUSLIM.PLEASE BE INFORMED THAT ALL PICTURES AND TEXT IN THIS BLOG ARE TAKEN FROM THE WEB UNDER FAIR USE TREATY AND FOR MY PERSONAL COLLECTION.IF THEIR OWNERS DO NOT LIKE THEIR PICTURES OR ARTICLES APPEAR IN THIS BLOG,PLEASE CONTACT ME TO DELETE..THANKS.
Monday, December 27, 2010
f them, banks are corrupt, mortgage companies are corrupt and the government is incompetentThe government is going to buy 600 billion in bad mortgages from the banks. Since the government is not a real-estate company the will auction off those mortgages for pennies on the dollar. Guess who will be buying the houses? …..Banks Guess who will be paying the difference? Tax payers.All the foreclosures are efforts of banks to recoup their money. LEGAL THEFT BY BANKS TO RECOUP THEIR LOSSES. yES STEAL FROM THE HOMEOWNER TO MAKE MONEY AT THE HOMEOWNERS LOSS.They can foreclose on a home but, instead of reducing the payment and interest for the homeowner, they are giving the homes away or selling them next to nothing. What am I not understanding here? If the banks can do that, then they can refinance the homes who own them and this gives them cheaper payments and they can stay in their homes. Obama needs to get back from vacationing in Hawaii and Congress needs to return to their jobs and get this foreclosure stopped now. You take someones house and just give it away. Watch for a petition coming on here soon.Let's see. The bank writes off the new (read inflated) value of the house on their corporate taxes. It just keeps getting better and better.
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