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Thread: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

  1. #11
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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by American View Post
    Only in black neighborhoods.
    Man, this is almost as award-winning as your slavery comment the other day.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by talloulou View Post
    I'm not blaming him I just am asking a genuine question. He REPEATEDLY stated that he was going to work to keep folks in their houses. We gave banks a crap load of money and the government bought up a ton of **** mortgages. Wasn't that ALL to keep folks in their houses?
    I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.

    Should mortgages be extended to 100 or 150 years for people so they can stay in a house far beyond their means?
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    last time I checked our local Tampa Bay market had about 2 years worth of inventory on the market. a large part of it is in some stage of foreclosure (short sale, bank owned)
    house prices have collapsed by about 50%. more in some areas, less in others, but there is blood in the streets

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    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by Gibberish View Post
    I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.

    Should mortgages be extended to 100 or 150 years for people so they can stay in a house far beyond their means?
    I'm just saying when you look around it seems impossible that it could be much worse. I guess I'm skeptical that all these bailouts and buying up of mortgages actually did anything. I've yet to meet someone who was in trouble and had their mortgage reworked as was the supposed goal. I see foreclosures everywhere and so obviously those folks didn't get help or get something worked out.

    And if the government bailouts and buying up of bad mortgages is in fact helping some folks but too few to make a difference in the abundant foreclosures all around then perhaps we'd have been better off allowing the housing market to just completely crash. If the bailouts are doing anything at all, which I'm not convinced they are, perhaps it's just prolonging the crash rather than just letting it completely crash so it can begin to recover. If the housing market is gonna hit a rock bottom maybe sooner is actually better than latter.
    Last edited by talloulou; 02-04-09 at 03:35 PM.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    anyone who does this deserves to get their teeth kicked in. They further devalue the property in the area for their own selfish ignorant gain. This selfish ignorance is typically why these peices of **** are in foreclosure to begin with.
    Tucker Case - Tard magnet.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by Tucker Case View Post
    anyone who does this deserves to get their teeth kicked in. They further devalue the property in the area for their own selfish ignorant gain. This selfish ignorance is typically why these peices of **** are in foreclosure to begin with.
    I heard in places like LA they're bringing back the "Cash for Keys" programs where they give the property owners cash in exchange for the keys on the agreement that the property is left intact and in good condition.

    It's kind of like when you pay that homeless guy to watch your car.

    The banks are now paying them additional monies just so they don't destroy the place on their way out.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by Gibberish View Post
    I believe it helps but when you have someone that now has a $5k/month mortgage (since their interest only arm ended) but only makes $2k/month income you can't really lower their mortgage payment enough for them to afford the house.
    If they couldn't pay the fully-ammortized payment (PITI) form day one, and they chose to buy the place anyway, they have nobody to blame but themselves. Every mortgage note states what you will have to pay after a certain time. If they didn't read the note, they are fools.

    Simplle rule of thumb. You can only afford a home that values at 2.5 times your yearly household income.

    If someone only makes 2K a month (24k a year), they damned well knew they could't afford a $400,000 home the moment they decided they wanted it.

    I have no pity for these fools even if they got stated loans. Only a complete retard would think their 24K per year means they should own a 400K home.
    Tucker Case - Tard magnet.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by Tucker Case View Post

    If someone only makes 2K a month (24k a year), they damned well knew they could't afford a $400,000 home the moment they decided they wanted it.

    .
    I have no pity for the banker that would make a loan like that.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by talloulou View Post
    I heard in places like LA they're bringing back the "Cash for Keys" programs where they give the property owners cash in exchange for the keys on the agreement that the property is left intact and in good condition.

    It's kind of like when you pay that homeless guy to watch your car.

    The banks are now paying them additional monies just so they don't destroy the place on their way out.
    It's bull****. They are being rewarded for failure. It's just like the bank bailouts. If these tards did the smart thing to begin with, we wouldn't all be paying for it now.
    Tucker Case - Tard magnet.

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    Re: Owners of Foreclosed Homes Steal Appliances, Leave Houses in Disarray

    Quote Originally Posted by Tucker Case View Post
    It's bull****. They are being rewarded for failure. It's just like the bank bailouts. If these tards did the smart thing to begin with, we wouldn't all be paying for it now.
    Well not only that but the crazier, ruder, and nuttier a person seems the more likely they are to be offered cash for keys. If you look, seem, and act like reasonable good folks who aren't gonna destroy stuff than you won't get this bonus money for leaving nicely. So in a way it encourages folks to act like animals.

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