- Banned
- #21
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.
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defending the banks for cheating the American people is who the right is in this country now
Its like your party doesnt care about voters.
You cant cheat enough to win with that platform
Do you even fucking care your assholes ruined so many American lives?
you dont care the banks cheated Americans out of their homes?
you dont care the banks cheated Americans out of their homes?
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
How insane is the right for defending cheating Americans out of their homes?
how insane for you to deny what the courts in our country have determined happened
you are why the right is dying in this country
you are why the right is dying in this country
How insane is the right for defending cheating Americans out of their homes?
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.
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.
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.