September 23, 2007

A HousingPANIC Public Service Announcement: Desperate Homedebtors, put down the matches and just walk away! Foreclosure yes, arson no!



Well, one way we can get rid of these millions of unwanted, not-needed, toxic-loan or investor-owned homes is to just burn 'em down, one by one. And trust me, that's happening all over America. But come on people! Wise up! Even if you burn the damn thing down you won't be any better off. Just walk away.

Whenever you see the words "suspicious house fire", just follow the money. It's not too suspicious as to why it got torched. Something to do with a homedebtor being over his head.
But as they say today, you make your bed, you sleep in it, until it's foreclosed on, or you burn it down.

Kent County Deputies have arrested the homeowner for the September 1st fire at 6825 Deer Cove Drive.

Cheryl Marie Christman, 38, was arrested and is being lodged in the Kent County Jail for intentionally setting fire to her home. Fire investigators believe that Christman was attempting to collect insurance money because the home was going to be foreclosed four days later.

Christman was arraigned this afternoon for the arson charges. Bail was set at $20,000. Her preliminary court date is set for Oct. 1st at 2 p.m.

32 comments:

Anonymous said...

It's so much easier to let the barnyard animals in and have them trash it.

Anonymous said...

.


Burnin down the house!


.

Joe Logic said...

I say burn those suckers to the ground! Especially those ugly crapboxes in Vegas and Phoenix, they need to be set ablaze.

I'm not advocating arson, let's bring in a pyro/burn expert, like someone from the forest service, and do a staged burn. They do if for forests to control growth, why not do it for unwanted ugly subdivisions?

sheepthriftysaver said...

I guess they didn't want a house after all. What everyone really wants is MONEY! I don't see anyone lighting money on fire.

FMW. I love the new pic.

Edgar said...

She burned down her own house? What a stupid woman. Typical American swine house swindler.

Lost Cause said...

Would you rather someone bulldoze the over 2 million empty units sitting around?

Anonymous said...

Grow houses!!!!!

Anonymous said...

I'd just gut all the copper and sell it...

Anonymous said...

Is there any way to profit from this legally?

Perhaps investing in match and gascan companies?

Anonymous said...

The roof, the roof, the roof is on fire.

The roof, the roof, the roof is on fire.

The roof, the roof, the roof is on fire.

We don't need no water, let the motherfucker burn. Burn motherfucker, burn.

Anonymous said...

Well folks the people in Florida had their hopes on a big hurricane. The people in CLOWNIFORNIA MAY GET THE BIG ONE. Everybody else has to turn to arson can't blame them.

Anonymous said...

How long before we see REALTORS and mortgage brokers homes burnt by happy customers?

Anonymous said...

You can be sure there will be more crimes like this to come. think about it, this is just the beginning. you will see more lawsuits, class action cases, fraud, arson of properties, threats.

What about vandalism of homes threatened with foreclosure. I know of one realtor who told me that when a house is about to be foreclosed upon, the homedebtor will often resort to devious measures to stick it to the Man. For example, people have been known to pour down cement through all the toilets of the house, thereby destroying the house's whole piping system; the damage is often times in the tens of thousands of dollars. And its not considered illegal, since technically the homedebtor is the owner of the house and they have a legal right to do whatever they see fit with their house, even if it includes vandalism. Other examples walls broken down with jack hammers, lead paint thrown all over the house, etc. and the bank and law enforcement are helpless to prevent this from happening BEFORE foreclosure occurs. Well, life in America goes on! Cheerio!

realtor headhunter said...

Oh boy she is a keeper.I guess pole danceing and ball gargleing didn't work out for this ex realtor either.I don't even think a pair of beer goggles would let me touch this with a 10 foot pole.At least she knows how to start a fire in the hearts of the crooked insurance companies.

Anonymous said...

MIAMI HOUSING CRASH 50% OFF VIDEO

http://tinyurl.com/394xc2

TM said...

In the unlikely event that any truly f*cked borrowers are reading:

It's not the end of the world. You never truly owned the home in the place, and your credit will recuperate in time after the foreclosure. Just walk away if you must and move on.

Leave the house clean and intact.

FlyingMonkeyWarrior said...

@ sheepthriftysaver,
RE; FMW. I love the new pic.
heh.
Sometimes one must laugh in the face of darkness and doom.
Thanks.
::::smiles:::

Anonymous said...

Folks, I don't get it with the arson?

For one, the only way it works is if the perpetrator makes it look like an accident. Now, here's a question, what kind of "accident" involves let's say gasoline cans, paint thinners, and other flammables all within a short locus of one another and sprinkled around a place? A regular cigarette butt fire tends to only burn out a master bedroom or living room before the fire crew arrives but a full-on blaze needs a certain critical mass of dried out wood chips a/o electrical problem for it to be viable for the investigators to deem it an "accident". Retards!

Anonymous said...

Folks, I don't get it with the arson?

-----------------------------------

But that is the point. Any normal rational person would think like you and see that burning it down won't work. But then again, if she really had it "all together" she wouldn't have been such a FB in the first place.

Question: is arson like this better for the bank, worse for the bank, or a don't care?

Budvar said...

"I don't even think a pair of beer goggles would let me touch this with a 10 foot pole."


Why's that then, are you a virgin or gay or something?

Downturn said...

Great idea, except, the mortage holder gets first dibs and the insurnace money and is ALWAYS named on the claim draft.

Form 438 BFU states in part:
" 1. Loss or damage, if any, under this policy shall be payable first to the loss payee or mortgagee (hereinafter called secured party), and, second, to the insured, as their interests may appear; Provided, That, upon demand for separate settlement by the secured party, the amount of said loss shall be paid directly to the secured party to the extent of its interest....."

insurance adjuster said...

No brainer. Home debtor in trouble. House burns down. Hmmmm....

zombie sheep said...

http://tinyurl.com/39x3hu


Who thinks up this crap?

Anonymous said...

Oh boy she is a keeper.I guess pole danceing and ball gargleing didn't work out for this ex realtor either.I don't even think a pair of beer goggles would let me touch this with a 10 foot pole.

White trash lifestyle. The chicks age VERY FAST. Look like hell by 25 years old.

Anonymous said...

http://tinyurl.com/ypszg6

NYTimes article above is very good analysis of the human behavior revolving around selling at a loss.

The conclusion is that due to "Loss Aversion" people put their homes up for sale and let them languish above current market price purely because the cannot handle/accept taking a loss. Of course this likely has to do with the fact that they cannot afford to absorb the loss but even people who can still refuse to sell low. The result is they end up losing more because of carrying costs and further drops in the FMV while they wait/hope for someone to come forward and be their greater fool.

The torching of a home for the insurance money to presumably pay off the mortgage is just another manifestation of "Loss Averson" (hint hint the mortgage is against the land as well as the structure upon which is sits, the lien does not go away just because the structure does!!)

The results of loss aversion are actually what the seller is trying to avoid. They want to be in the black so they can purchase a new home, but because the let the place sit on the market forever they cannot purchase and because when they finally do sell they get even less they cannot purchase and finally if the default on the loan due to lack of funds and ruined credit they cannot purchase, so "Loss Aversion" behavior actually just further exacerbates the problem that caused prices to drop in the first place, it increases supply and causes demand to drop!!

The solution:

Drama cut the price, get it sold, take the financial hit in the short term so that you protect your credit and immediately start saving plus you get to move on with your lives and have less stress!!! This gets the market back to fundamentals more quickly and you'll be able to recapture your loss in the form of falling prices!!!

The only hope is that toxic loans will force more people into the self realization that the value in terms of just turning off the financial obligation of a mortgage is priceless and that they can get back into the market more quickly the sooner they sell!!

Anonymous said...

zombie sheep said...

http://tinyurl.com/39x3hu


Who thinks up this crap?

September 24, 2007 2:29 AM
----------
Please read the damn article next time before you post. If you had read it you'd realize that its purely an academic perspective/analysis of what is the best loan IF the parties behave RATIONALLY. But as our society today produces ZOMBIE CONSUMERS THAT FOCUS ONLY ON THE LOWEST PRICE REGARDLESS OF CONSEQUENCES then its the worst loan!!!

I.e. the paper assumes that you read the finance contract that your entering into and that you appreciate its terms and risks. This is why the US must have 30 year fixed!! Its the only hedge we have against the ignorance of the masses to keep them consuming w/o imploding!!!

squad 51 said...

WOW, Watch the NEW video of her house burning down! Submitted to a local Grand Rapids TV station.

http://www.wzzm13.com/news/news_article.aspx?storyid=81220

Hey lady, your house is on fire!

:0 ~

DaveO said...

Good ol' jewish lightning.

corvinus said...

If you burn down the crapbox, then it will help mitigate the housing glut.

We don't want that. This is why I say just walk away.

brokersleaveyoubroke said...

Why does everybody think she's stupid? Now she's going to get free room and board for 5 to 15 years.

devestyersheeple said...

Please read the damn article next time before you post.

I read all I needed to. The article looked to me like rationalization supporting irresponsible acquisition of debit. My guess is that the article was financed by the REIC or FED.

Those who can’t manage themselves manage others

Anonymous said...

Whorehousing and Pothousing yes, arson no.