Baltimore Home Foreclosure
All stories foreclosure are not the same ….. some deserve sympathy, some deserve to be in charge ….?
… You want to replenish this case? "Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a crowd cheering and registration crew, Baltimore ACORN leader, Louis Beverly and smashed a padlock jimmied open the door to 315 South Ellwood Ave. The house belonged to the restaurant worker Donna Hanks, who attacked his evil bank to raise its mortgage of $ 300 and leave it in the street. "This is our home now," said Beverly with Hanks at his side at the break. What ACORN does not tell you: Hanks home was sold in June 2008 to 192,000 $. She bought the two-storey house in the summer of 2001 for $ 87,000. At some point during the next five years, she has refinanced the original home loan for $ 270,000. Where did all that money? (Hint:. Do ATM-home businesses) See http://michellemalkin.com/2009/02/25/no-tears-for-these-foreclosure-victims/
Before the bubble burst … I was surprised by the market being so corrupt (and the brokers and bankers who have left to do!) Everything is down to greed. People who buy goods they could not afford to own in circumstances Normal and brokers who encouraged … and credit institutions which sanctioned. So I discouraged buyers (Especially the first time) to go Weith Max bank would be ready. The bank does not care about everything you need in your life, plus a playment mortgages. ecouraged them to make a list of all the things they need and where you want them living on a monthly basis, then exit the mortgage payment for the end to see what they can really afford. This method was a genuine warning to most buyers .. not only they have basic needs, but perhaps as a vaction, new car, furniture for the new house .. but especially an emergency fund … the bank concerned not one of those things. Some listened .. some did not .. but at least I could sleep at night. The financial world has seen a generation coming up that were used to getting what they want now and has taken great advantage of it. I'm sorry to see peoples dreams killed (weather they were realistic or not) and displaced families …. but hope that the lesson was a lesson learned dangling carrot. Ah yes, Then along comes groups like "Acorn" to turn it into a political statement. Nuff said ….