homeowners win case against bank

[syrenn]

defending the banks for cheating the American people is who the right is in this country now

Again.... no one was forced to sign on the lines and AGREE to the terms of the loan.

 

[syrenn]

Its like your party doesnt care about voters.

You cant cheat enough to win with that platform

 

[Truthmatters]

you dont care the banks cheated Americans out of their homes?

 

[Truthmatters]

How insane is the right for defending cheating Americans out of their homes?

 

[Rat in the Hat]

Do you even fucking care your assholes ruined so many American lives?

Now look, I know I have bad gas sometimes, but I hardly think my asshole ruined anyone's life.

 

[Rat in the Hat]

you dont care the banks cheated Americans out of their homes?

How do you know they were all Americans??

And why do you hate apostrophes?

 

[Truthmatters]

Not one bit of concern expressed in this thread about the FACT that the banks broke the laws of this country to cheat Americans out of their homes.

Your party has gone insane

 

[syrenn]

you dont care the banks cheated Americans out of their homes?

If you sign for a loan...... you agree to the terms spelled out in the loan.

 

[Rat in the Hat]

Not one bit of concern expressed in this thread about the FACT that the banks broke the laws of this country to cheat Americans out of their homes.

Your party has gone insane

And not one bit of concern on your part that people were encouraged and even helped by groups like ACORN to take out loans they could not afford.

 

[syrenn]

How insane is the right for defending cheating Americans out of their homes?

How greedy you are. Thinking its alright for people to have what they cannot pay for.

 

[Truthmatters]

how insane for you to deny what the courts in our country have determined happened

 

[syrenn]

how insane for you to deny what the courts in our country have determined happened

How insane of you to deny that the poor are greedy and wanted homes they could not afford.

 

[Truthmatters]

you are why the right is dying in this country

 

[syrenn]

you are why the right is dying in this country

Why are the left dying in this country?

 

[Rat in the Hat]

you are why the right is dying in this country

I am? Really? Please link to "prof" of your claim.

 

[Caroljo]

I know some young couples that ended up loosing their homes. Many that looked into buying homes, after all the paperwork etc, were told with their income to debt ratio, they WERE eligible for the mtg. Some banks are very good at telling young, unknowing, couples that with their income at the time all would be well. But, the banks don't reveal to them the costs associated with the mtg, like insurance, taxes, utility bills, property taxes, etc. They look at their GROSS income, which does not include the taxes taken out or anything else that automatically come out of their checks, so they are bringing home WAY less and once strapped with a mtg payment they realize this isn't going to work so well! I know it's hard to believe for some, but many young married couples are not that knowledgable about the mtg process and they tend to depend on the banks to help them.....which is their FIRST mistake. I think most people come out of it thinking that they can afford it, because the banks told them they could. A lot of people don't really look into the process or cost of it beforehand...they trust the banks to reveal everything to them. The people i know that have gone through this did NOT do it knowing they couldn't afford it.

Also, some foreclosures are made by people that CAN afford it, but when their homes dropped in value so they owe twice what it's worth, they just walk away....it's considered then a bad investment of their money and it's cheaper to just let it go.

I do not believe this is just a "right" or "left" problem or that it was just one side or the other that made it happen. Truthmatters is wrong for saying it's because of the "right"...it's BOTH sides. And it's BOTH sides that have to fix this.

 

[Ernie S.]

How insane is the right for defending cheating Americans out of their homes?

Cheating? The vast majorioty of homeowners in foreclosure, didn't pay their mortgage and the banks foreclosed as per the contract signed by both parties.
The cheaters are the people bitching that they should be able to keep their homes even though they can't or won't live up to their contractual obligations.
I've purchased 3 homes for my personal use over the years. I mortgaged 2 which are paid in full and paid cash for the last. In all 3 cases, I never asked for something for nothing and went into each contract with the knowledge that I could honor my responsibility.
With the first home, I did, a couple times have setbacks where I couldn't make my payment on time. At those times, I sought the help of friends or family, or dipped into savings.

 

[Ernie S.]

you dont care the banks cheated americans out of their homes?

if you sign for a loan...... You agree to the terms spelled out in the loan.

212! Wtf?

 

[syrenn]

I know some young couples that ended up loosing their homes. Many that looked into buying homes, after all the paperwork etc, were told with their income to debt ratio, they WERE eligible for the mtg. Some banks are very good at telling young, unknowing, couples that with their income at the time all would be well. But, the banks don't reveal to them the costs associated with the mtg, like insurance, taxes, utility bills, property taxes, etc. They look at their GROSS income, which does not include the taxes taken out or anything else that automatically come out of their checks, so they are bringing home WAY less and once strapped with a mtg payment they realize this isn't going to work so well! I know it's hard to believe for some, but many young married couples are not that knowledgable about the mtg process and they tend to depend on the banks to help them.....which is their FIRST mistake. I think most people come out of it thinking that they can afford it, because the banks told them they could. A lot of people don't really look into the process or cost of it beforehand...they trust the banks to reveal everything to them. The people i know that have gone through this did NOT do it knowing they couldn't afford it.

Also, some foreclosures are made by people that CAN afford it, but when their homes dropped in value so they owe twice what it's worth, they just walk away....it's considered then a bad investment of their money and it's cheaper to just let it go.

I do not believe this is just a "right" or "left" problem or that it was just one side or the other that made it happen. Truthmatters is wrong for saying it's because of the "right"...it's BOTH sides. And it's BOTH sides that have to fix this.

It is not the banks job to tell anyone about living expenses.... for example insurance, taxes, utility bills, property taxes, etc..... it is rather common sense that your monthly outlay will be more then the mortgage alone.

I am pretty sure all young people know that if you sign a car loan and cant pay it that the bank will reposes the car. A house with a mortgage is no different.

It is also not a bank issue if your home drops in value. They signed on the loan for a amount of money.... to be paid monthly. ....end of story.


The problem as i see it is greed on the part of people wanting more then they can afford.

 

[Caroljo]

I know some young couples that ended up loosing their homes. Many that looked into buying homes, after all the paperwork etc, were told with their income to debt ratio, they WERE eligible for the mtg. Some banks are very good at telling young, unknowing, couples that with their income at the time all would be well. But, the banks don't reveal to them the costs associated with the mtg, like insurance, taxes, utility bills, property taxes, etc. They look at their GROSS income, which does not include the taxes taken out or anything else that automatically come out of their checks, so they are bringing home WAY less and once strapped with a mtg payment they realize this isn't going to work so well! I know it's hard to believe for some, but many young married couples are not that knowledgable about the mtg process and they tend to depend on the banks to help them.....which is their FIRST mistake. I think most people come out of it thinking that they can afford it, because the banks told them they could. A lot of people don't really look into the process or cost of it beforehand...they trust the banks to reveal everything to them. The people i know that have gone through this did NOT do it knowing they couldn't afford it.

Also, some foreclosures are made by people that CAN afford it, but when their homes dropped in value so they owe twice what it's worth, they just walk away....it's considered then a bad investment of their money and it's cheaper to just let it go.

I do not believe this is just a "right" or "left" problem or that it was just one side or the other that made it happen. Truthmatters is wrong for saying it's because of the "right"...it's BOTH sides. And it's BOTH sides that have to fix this.

It is not the banks job to tell anyone about living expenses.... for example insurance, taxes, utility bills, property taxes, etc..... it is rather common sense that your monthly outlay will be more then the mortgage alone.

I am pretty sure all young people know that if you sign a car loan and cant pay it that the bank will reposes the car. A house with a mortgage is no different.

It is also not a bank issue if your home drops in value. They signed on the loan for a amount of money.... to be paid monthly. ....end of story.


The problem as i see it is greed on the part of people wanting more then they can afford.

I agree with you ... to a point. I don't agree that ALL young people know all of this. Yes, buying a car is not quite as big of a deal as buying a house, and they know the car will be repossessed if not paid. I'm sure also they know if they don't pay for their house it will be lost too. I'm saying that i know some people just don't understand all the costs involved when buying a home, and many are caught by surprise because they didn't investigate everything before jumping into a loan like this. I agree...the banks are not obligated council people on the loan they want to take, it's not their job. But not all young people KNOW any of this, and they don't have other adults to forwarn them of the problems they could get in to. Not everyone has the "common sense", and the banks don't care that they don't.

Many that have lost their homes is because they've lost their jobs. This is not their fault, so to say everyone that has gone through foreclosures deserve it is untrue. (i'm not saying that you said this, but many people do). It's not always greed...it can also be plain ignorance of how it works or just plain bad luck too.