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Tag: loan-modification

Citizen-Led Movement in California Proposes to Outlaw Foreclosures (via Ketron Property Management, Inc.)

If you think this is a little crazy, you’re right. But in the light of how home owners have been treated over the last few years, it is totally understandable.

You can do a lot to people when they’ve been trained to take it. Currently they believe that the system is fair and that the terrible things that have happened to hundreds of thousands of Americans will be remedied once the right people figure out what’s going on.

Many of the right people knew from the beginning what was going on in the housing market and when the massive number of foreclosures began, those same right people closed their eyes.

A lot of Americans are waking up each day a little more sure that no one cares about them, their property or their rights. When justice is denied, people are going to start looking at other remedies.

This may look crazy now but if simple justice is denied large parts of the population, it’s going to get a lot crazier than this.

And it should.

James Pilant

Citizen-Led Movement in California Proposes to Outlaw Foreclosures Posted by Carole VanSickle on Wednesday, August 3rd 2011 In Sacramento, California, one citizen is taking on the lenders directly, using his “Foreclosure Modification Act” to demand that lenders provide principal and interest rate reductions in order to keep borrowers in their homes[1]. And according to the author of the proposal, David A. Benson, the best way to make this happen … Read More

via Ketron Property Management, Inc.

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Couple Claims They Were Duped By Bank Into Foreclosure (via CBS Chicago)

The same sad story over and over again. The bank says no problem, sets up a trial period and then forecloses. It’s a trap.

The post says the family “claims” they were duped.

“Claims,” yeah right, we’ve seen this technique over and over again. The bank literally takes the property legally by manipulating the families into a “trial” period, which they will then (to no one’s surprise) find the deal inadequate and then foreclose.

For cruelty and cold blooded maliciousness, it would be hard to find worse.

James Pilant

CHICAGO (CBS) –- A local couple said they did what the bank told them to do—and now they are facing foreclosure on their home. As CBS 2’s Kristyn Hartman reports, it has happened to hundreds of thousands of homeowners.  The house they were happy to build, is now a source of hurt for LaRae Alvarado and her husband. They are fighting their home mortgage default—and they say it isn’t their fault. … Read More

via CBS Chicago

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