Housing Anarchy is here. And a big thank you to the monkeys running the show in Philadelphia. You have just lit the fuse, and you have just told the people to stop paying their mortgages. Amazing.
The credibility of the United States of America is now at risk. NOBODY in the world is going to have confidence buying US debt anymore. The monkeys running our government are now telling investors that loans no longer have to be paid in the good ol' USA. Crime pays. Mortgage fraud will not be prosecuted. Loans do not have to be paid back. And money will fall from the sky.
Head to the shelter ma. Storm is coming.
Philadelphia suspends sales of foreclosed homes
Authorities in Philadelphia will suspend foreclosure sales of homes whose owners have fallen behind on adjustable-rate subprime loan payments -- potential relief for tens of thousands of struggling debtors.
Sheriff John Green said on Friday he would halt sales of foreclosed properties in April and would seek a court order extending a moratorium for an unspecified period.
Philadelphia becomes the first U.S. city to halt foreclosure sales in the current crisis, although Cleveland and Baltimore are considering similar measures, said ACORN, an advocacy group for low-income families.