Get ready for some serious Fed and Government bashing as people lose their homes
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7 comments:
Just heard a statistic in So Cal. There are 3,000 houses in foreclosure currently. However there are 90,000 at least 1 month late on their mortgage. They will be turning into foreclosures soon. The banks are beginning to get concerned.
more videos!
Psst...
http://tinyurl.com/lkhpm
Wow! Is that true? Do I not have to pay my taxes? Keith after the housing bubble is over - can you start one on fighting facsism in America?
Can't say there's anything in that video I disagree with...
Unfortunately, whether people think we should have to pay income taxes or not, there is a thing about setting precedent in this country. Every judge will rule in favor of precedent when it comes to taxes, whether or not it is written as a matter of law.
Let's get a thread going on the topic of "undercollaterization", which I think iswhat happens when houses nearby sell for much less than how much a FB has in loans. Does the bank call in the 2nd HELOC because it is no longer secured by enough property value?
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