Progressive protester lies about parents losing house

[Valerie]

If the house is worth $500k but the remaining loan is only $60k, that means there is potentially $440k equity in the house... Albeit in a distressed market plenty of equity nonetheless...

 

[Rocky Top Lady]

I hope the market is never that distressed.....

 

[Care4all]

Gotta go with Care on this one.

If I own a house that is WORTH 500k and I OWE 60k and I can sell the house for 67k, pay the realtor's commission and I still don't have to do a short sale....

Either the house in question is in a HIGHLY distressed market, or someone has their story wrong.

Either way, if this were my son I'd bust his ass for airing our family's dirty laundry on a New York City street.....and I'd display his Oscar on the fireplace mantel.

I was thinking the same thing...if that were my kid his ass would be grass for airing the dirty laundry like that!!!!

 

[Conservative]

I think yurt is still hiding behind his palm.

 

[Care4all]

I think yurt is still hiding behind his palm.

it's okay, he just really did not understand it all....and I wouldn't understand it either if I hadn't slept at a Holiday in Express last night! Actually, I think I can give House Hunters the credit for me first learning about what a short sell actually is!

 

[clevergirl]

did you read the blogger's story that you linked to avatar?

your bloggers says they own a 500,000 dollar house, in which they are putting up for a ''short sale''.....

did bells go off when you read that the bloggers says his parents only owe one year's college tuition on their mortgage on this 500k home?

how does that make sense? why would his parents, need to get in negotiations with the bank and future buyer for a short sale, if his family's mortgage has only 45k left on it, out of the 500k, like your blogger said?

it's impossible....your blogger that you chose to trust, is a LIAR....

you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.

no.

a short sell is an agreement with the bank, to sell your home for LESS THAN THE MORTGAGE you owe Yurt.

if they only owe 60k as the bloggers states, then that means the parents have to sell their home for LESS THAN THE MONEY OWED THE BANK....50k or so.

and that is simply not gonna happen on a 500k home....if the parents only owe the bank 60 k, then they can sell their home for 500k, 400k, 200k, or 100 k and IT STILL WOULD NOT BE a short sell, because they are selling the house for more than what they owe the bank.



a short sell is not the owners of the house selling the house for less than they want for it, a short sell is being forced to sell the house for less than what you owe the bank and getting the bank to agree to getting less than what you owe on your mortgage for it.

First of all I personally do not think there is any "short sale". I think the mom knew her son blundered and was trying to make up a way to save his lying ass....it is she who spoke to the blogger when he called and interviewed her on the subject.

That said- we DO KNOW that the house is not and never has been in foreclosure- nor are there any taxes owed on it.

 

[Avatar4321]

who gives a fuck

I dont know. Honest people maybe.

 

[theDoctorisIn]

who gives a fuck

I dont know. Honest people maybe.

"Honest" people would wait until knowing the whole story before making a judgment.

 

[mudwhistle]

Video: Liberal trust-fund baby complains about America’s unjust capitalist system | Video | TheBlaze.com

Apparently this privileged man is a victim.

did you read the blogger's story that you linked to avatar?

your bloggers says they own a 500,000 dollar house, in which they are putting up for a ''short sale''.....

did bells go off when you read that the bloggers says his parents only owe one year's college tuition on their mortgage on this 500k home?

how does that make sense? why would his parents, need to get in negotiations with the bank and future buyer for a short sale, if his family's mortgage has only 45k left on it, out of the 500k, like your blogger said?

it's impossible....your blogger that you chose to trust, is a LIAR....

but... but... if the rightwingnut blogosphere says it, it must be true...

Apparently we have to truth-check everyone.

And apparently the mother and the son are lying. The mother did say that she didn't like the area because it was "Too Conservative". That's not a good enough reason to sell in the manner stated.

That's easier to believe than the story was made up by the editor at The Blaze.

Judging by the conduct of this kid I wouldn't be surprised if the short-sale never takes place because a short-sale means the mortgage is underwater.

 

[Valerie]

A short sale would be if you had paid $500k for the house yet still owed $400k but you could only sell the house for $300k... Thus you would still owe $100k after the sale.


When the bank is left to eat that loss, the market becomes depressed... The bank owns the property and sells the property at a price that is short of what it cost them... The original loan amount.

 

[clevergirl]

I think yurt is still hiding behind his palm.

it's okay, he just really did not understand it all....and I wouldn't understand it either if I hadn't slept at a Holiday in Express last night! Actually, I think I can give House Hunters the credit for me first learning about what a short sell actually is!

Ummm knowing what a short sale is? It can look very different from seller to seller. Depending on the current market value and the amount of the outstanding loan.

The Only benefit for the Stephens to do a short sale is if the bank wishes to negotiate that 60k that is still owed. Let's say the house has lost 100k in value making it worth only 300k- and they get that price in a sale. Why would a bank be willing to short sale this property? It would be an incredibly generous bank that would do this with so much equity left in the home. I think Mrs. Stephens' is being less then honest to this blogger. Trying to help her sons lie seem less onerous by implying there is still a housing crisis for their family.

 

[Intense]

First, let’s set the scene. During the protests, Robert Stephens of GW Law School decided that it was time for him to make his stand against Wall Street. In Stephens’s mind, getting himself arrested was the best way to get back at “the banks” for “taking” his parents’ house.

Or maybe Robert Stephens — “with a P-H!” — was just totally full of it?

Phone inquiries into the county property records & taxpayer services office reveal that the Stephens family home is not and never has been in foreclosure, that property taxes had been paid in full this year and the remaining balance on their mortgage for the half-million dollar home is less than one year’s worth of tuition+fees at their son’s law school.

The nail in this empty protest‘s coffin is a delightful phone conversation I just had with Robert’s mother, Marquita, where she admitted Chase Bank indeed was not “taking” their home from them. Instead, due to a recent “reduction in income,” they’ve decided to hold a “short sale.”

Boom, roasted by your own mother. Your own, well-educated mother, who was clearly more financially savvy than you’d like to give her credit for.

Not that I don’t at least slightly admire Stephens’s passion. We need passionate people like Robert Stephens — with a “P-H!” — to take on “the corporations” and stand up for master’s degree candidates everywhere. It’s better if these people tell the truth, but ya know, passion is good.

Video of George Washington Law Student ‘Occupying’ Wall Street: Hilarity Ensues « Above the Law: A Legal Web Site

This guy should have saved the Silver Spoon Education and went into Acting, or maybe Law.

 

[Care4all]

you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.

no.

a short sell is an agreement with the bank, to sell your home for LESS THAN THE MORTGAGE you owe Yurt.

if they only owe 60k as the bloggers states, then that means the parents have to sell their home for LESS THAN THE MONEY OWED THE BANK....50k or so.

and that is simply not gonna happen on a 500k home....if the parents only owe the bank 60 k, then they can sell their home for 500k, 400k, 200k, or 100 k and IT STILL WOULD NOT BE a short sell, because they are selling the house for more than what they owe the bank.



a short sell is not the owners of the house selling the house for less than they want for it, a short sell is being forced to sell the house for less than what you owe the bank and getting the bank to agree to getting less than what you owe on your mortgage for it.

First of all I personally do not think there is any "short sale". I think the mom knew her son blundered and was trying to make up a way to save his lying ass....it is she who spoke to the blogger when he called and interviewed her on the subject.

That said- we DO KNOW that the house is not and never has been in foreclosure- nor are there any taxes owed on it.

no, we don't know that clever girl....we can't trust the blogger on that, since he got other info wrong.... that's the only ''safe'' way to approach it.

a short sell is keeping one out of foreclosure, barely....and that's only if the bank agrees to the short sell amount...

I doubt his mother would lie about the short sell, it's a pretty embarrassing situation with her husband being a doctor and all(if that is even true???)...if she was gonna lie for her son, why not just say yes, they are in the process of foreclosure, and not give the correction of being in a short sell situation with the bank and not foreclosure yet?

as far as i am concerned, if this blogger's facts are wrong on some things, then nothing that he has stated can be trusted....

how can we really try to ''make a story'' out of nothing? we shouldn't, not until we have trustworthy facts, in hand....imo.

 

[Intense]

no.

a short sell is an agreement with the bank, to sell your home for LESS THAN THE MORTGAGE you owe Yurt.

if they only owe 60k as the bloggers states, then that means the parents have to sell their home for LESS THAN THE MONEY OWED THE BANK....50k or so.

and that is simply not gonna happen on a 500k home....if the parents only owe the bank 60 k, then they can sell their home for 500k, 400k, 200k, or 100 k and IT STILL WOULD NOT BE a short sell, because they are selling the house for more than what they owe the bank.



a short sell is not the owners of the house selling the house for less than they want for it, a short sell is being forced to sell the house for less than what you owe the bank and getting the bank to agree to getting less than what you owe on your mortgage for it.

First of all I personally do not think there is any "short sale". I think the mom knew her son blundered and was trying to make up a way to save his lying ass....it is she who spoke to the blogger when he called and interviewed her on the subject.

That said- we DO KNOW that the house is not and never has been in foreclosure- nor are there any taxes owed on it.

no, we don't know that clever girl....we can't trust the blogger on that, since he got other info wrong.... that's the only ''safe'' way to approach it.

a short sell is keeping one out of foreclosure, barely....and that's only if the bank agrees to the short sell amount...

I doubt his mother would lie about the short sell, it's a pretty embarrassing situation with her husband being a doctor and all(if that is even true???)...if she was gonna lie for her son, why not just say yes, they are in the process of foreclosure, and not give the correction of being in a short sell situation with the bank and not foreclosure yet?

as far as i am concerned, if this blogger's facts are wrong on some things, then nothing that he has stated can be trusted....

how can we really try to ''make story'' out of nothing? we shouldn't, not until we have trustworthy facts, in hand....imo.

Why not just accept that he was Very Very Very naughty? It's looking like Hype.

 

[mudwhistle]

First, let’s set the scene. During the protests, Robert Stephens of GW Law School decided that it was time for him to make his stand against Wall Street. In Stephens’s mind, getting himself arrested was the best way to get back at “the banks” for “taking” his parents’ house.

Or maybe Robert Stephens — “with a P-H!” — was just totally full of it?

Phone inquiries into the county property records & taxpayer services office reveal that the Stephens family home is not and never has been in foreclosure, that property taxes had been paid in full this year and the remaining balance on their mortgage for the half-million dollar home is less than one year’s worth of tuition+fees at their son’s law school.

The nail in this empty protest‘s coffin is a delightful phone conversation I just had with Robert’s mother, Marquita, where she admitted Chase Bank indeed was not “taking” their home from them. Instead, due to a recent “reduction in income,” they’ve decided to hold a “short sale.”

Boom, roasted by your own mother. Your own, well-educated mother, who was clearly more financially savvy than you’d like to give her credit for.

Not that I don’t at least slightly admire Stephens’s passion. We need passionate people like Robert Stephens — with a “P-H!” — to take on “the corporations” and stand up for master’s degree candidates everywhere. It’s better if these people tell the truth, but ya know, passion is good.

Video of George Washington Law Student ‘Occupying’ Wall Street: Hilarity Ensues « Above the Law: A Legal Web Site

This guy should have saved the Silver Spoon Education and went into Acting, or maybe Law.

He's a terrible actor.

All this shows is intentions matter more than the truth.

It's not what is right that matters....it's how strongly you feel about your Bull Shit ideology that matters.

 

[Care4all]

First of all I personally do not think there is any "short sale". I think the mom knew her son blundered and was trying to make up a way to save his lying ass....it is she who spoke to the blogger when he called and interviewed her on the subject.

That said- we DO KNOW that the house is not and never has been in foreclosure- nor are there any taxes owed on it.

no, we don't know that clever girl....we can't trust the blogger on that, since he got other info wrong.... that's the only ''safe'' way to approach it.

a short sell is keeping one out of foreclosure, barely....and that's only if the bank agrees to the short sell amount...

I doubt his mother would lie about the short sell, it's a pretty embarrassing situation with her husband being a doctor and all(if that is even true???)...if she was gonna lie for her son, why not just say yes, they are in the process of foreclosure, and not give the correction of being in a short sell situation with the bank and not foreclosure yet?

as far as i am concerned, if this blogger's facts are wrong on some things, then nothing that he has stated can be trusted....

how can we really try to ''make story'' out of nothing? we shouldn't, not until we have trustworthy facts, in hand....imo.

Why not just accept that he was Very Very Very naughty? It's looking like Hype.

it's looking like hype if you believe the blogger that just doesn't have his facts straight, perhaps?

i could care less about a single protester who claims to be a Socialist, mouthing off and being pissed at wall street bankers...his butt would be raw if he were my son, airing our family's dirty laundry in public the way he did.....

but as far as whether his story or the blogger's Story is true or not, i don't believe we have the facts to really make that decision.....

 

[Intense]

no, we don't know that clever girl....we can't trust the blogger on that, since he got other info wrong.... that's the only ''safe'' way to approach it.

a short sell is keeping one out of foreclosure, barely....and that's only if the bank agrees to the short sell amount...

I doubt his mother would lie about the short sell, it's a pretty embarrassing situation with her husband being a doctor and all(if that is even true???)...if she was gonna lie for her son, why not just say yes, they are in the process of foreclosure, and not give the correction of being in a short sell situation with the bank and not foreclosure yet?

as far as i am concerned, if this blogger's facts are wrong on some things, then nothing that he has stated can be trusted....

how can we really try to ''make story'' out of nothing? we shouldn't, not until we have trustworthy facts, in hand....imo.

Why not just accept that he was Very Very Very naughty? It's looking like Hype.

it's looking like hype if you believe the blogger that just doesn't have his facts straight, perhaps?

i could care less about a single protester who claims to be a Socialist, mouthing off and being pissed at wall street bankers...his butt would be raw if he were my son, airing our family's dirty laundry in public the way he did.....

but as far as whether his story or the blogger's Story is true or not, i don't believe we have the facts to really make that decision.....

My source is Independent. You might want to check it out. Might be good to hold off until more comes in.

 

[mudwhistle]

Is there anything about the left and the media that isn't fake????

 

[Yurt]

the palm was for me, i was working on something else and crossed wires

so you can unbunch your panties "conservative"

 

[theDoctorisIn]

Why not just accept that he was Very Very Very naughty? It's looking like Hype.

it's looking like hype if you believe the blogger that just doesn't have his facts straight, perhaps?

i could care less about a single protester who claims to be a Socialist, mouthing off and being pissed at wall street bankers...his butt would be raw if he were my son, airing our family's dirty laundry in public the way he did.....

but as far as whether his story or the blogger's Story is true or not, i don't believe we have the facts to really make that decision.....

My source is Independent. You might want to check it out. Might be good to hold off until more comes in.

Your source's source is The Blaze.