Comments for Bank Owned Foreclosures Listing http://www.bank-owned-foreclosures-listings.com Thu, 11 Mar 2010 21:40:19 +0000 http://wordpress.org/?v=2.5.1 Comment on Hope for Homeowners and How to Stop Foreclosure by DEMO W/GUN http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-361 DEMO W/GUN Thu, 11 Mar 2010 18:02:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-361 I can't believe none of this was regulated. I was convinced, by Wall Street, that my 401k was the only way that I could ever afford to retire. I was assured that everything would always be on the up-and-up. Now, rich tycoons have squandered it, by making criminal investments and unsafe economic decisions, and now want ME to save their hides. I lost money too. No one is bailing me out of that. One good thing is that Oil is dropping rapidly. It's predicted to tank if the bailout never happens. Seems like a few weeks ago, before this mess, that's all the everyone was worried about. Well, we got our wish, oil is coming down.<br><b>References : </b><br> I can’t believe none of this was regulated. I was convinced, by Wall Street, that my 401k was the only way that I could ever afford to retire. I was assured that everything would always be on the up-and-up. Now, rich tycoons have squandered it, by making criminal investments and unsafe economic decisions, and now want ME to save their hides.
I lost money too. No one is bailing me out of that.
One good thing is that Oil is dropping rapidly. It’s predicted to tank if the bailout never happens. Seems like a few weeks ago, before this mess, that’s all the everyone was worried about. Well, we got our wish, oil is coming down.
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]]> Comment on Hope for Homeowners and How to Stop Foreclosure by Sambo http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-360 Sambo Thu, 11 Mar 2010 18:00:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-360 Well for one thing, this bill would give dictatorial like powers to Paulson, Bernanke and a few others, who are not elected and therefore not beholding to the people. Do we really want that? Secondly, it contained a lot of unwanted and irrelevant pork barrel spending? Why? In the business world, bad debts when sold are never sold for face value, but for a discounted value. Why would the taxpayers buy bad debt for anything more? Also, why are some banks too big to fail and others are not? Legally and ethically, shouldn't we either bail out all or none? BTW, where did $750 billion come from? Are we sure that is enough to cover or will we be needing more later? This bill, despite what the spin doctors say, did not have bipartisan support. I'm glad that 95 democrats joined with the republicans and voted no. Even 17 of Sen. Franks own committee voted no, so what does that tell you? Lastly, if we do this, how do we the people know that a year from now that we're not facing the same problem or worse all over again? Currently Federal Revenue is $2.5 - $3 trillion. We run a deficit now and have a debt of $9 trillion. So we're going to add more? Then have to raise taxes, taking money out of the economy to pay for it? The dollar has fallen in value and nobody is factoring in that was a cause as well. We do this bailout and next year when the dollar is worthless like the Argentine Peso, what then? I'm glad for once that Congress listened to the people! Don't get me wrong, I agree something needs done, but what was drafted wasn't the answer.<br><b>References : </b><br> Well for one thing, this bill would give dictatorial like powers to Paulson, Bernanke and a few others, who are not elected and therefore not beholding to the people. Do we really want that? Secondly, it contained a lot of unwanted and irrelevant pork barrel spending? Why?

In the business world, bad debts when sold are never sold for face value, but for a discounted value. Why would the taxpayers buy bad debt for anything more? Also, why are some banks too big to fail and others are not? Legally and ethically, shouldn’t we either bail out all or none? BTW, where did $750 billion come from? Are we sure that is enough to cover or will we be needing more later?

This bill, despite what the spin doctors say, did not have bipartisan support. I’m glad that 95 democrats joined with the republicans and voted no. Even 17 of Sen. Franks own committee voted no, so what does that tell you?

Lastly, if we do this, how do we the people know that a year from now that we’re not facing the same problem or worse all over again? Currently Federal Revenue is $2.5 - $3 trillion. We run a deficit now and have a debt of $9 trillion. So we’re going to add more? Then have to raise taxes, taking money out of the economy to pay for it? The dollar has fallen in value and nobody is factoring in that was a cause as well. We do this bailout and next year when the dollar is worthless like the Argentine Peso, what then?

I’m glad for once that Congress listened to the people!
Don’t get me wrong, I agree something needs done, but what was drafted wasn’t the answer.
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]]> Comment on Hope for Homeowners and How to Stop Foreclosure by Irv S http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-359 Irv S Thu, 11 Mar 2010 17:58:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-359 Because the Banks created the problem in the first place. They knew those mortgages were risky, yet in search of profit, they violated their fiduciary duty to their depositors by making those loans. There is no way that they should be bailed out without penalty from the mess that they created. Those same banks have been permitted to basically install toll booths on the entire economy. They get a cut of every credit card transaction. The laws grant them special privilege. They should be held to a higher standard. The same goes for investors in those Mortgage backed notes. They were warned that the notes were risky, but attractive because of their high return. I know, because I was offered some of those notes, and I was warned by the vendor as a matter of law. (Disclosure statement). I passed on the offer because of the risk. Why should someone foolish enough to take it be bailed out?<br><b>References : </b><br> Because the Banks created the problem in the first place.
They knew those mortgages were risky, yet in search of
profit, they violated their fiduciary duty to their depositors
by making those loans.
There is no way that they should be bailed out without penalty
from the mess that they created.
Those same banks have been permitted to basically install
toll booths on the entire economy.
They get a cut of every credit card transaction.
The laws grant them special privilege.
They should be held to a higher standard.
The same goes for investors in those Mortgage backed notes.
They were warned that the notes were risky, but
attractive because of their high return.
I know, because I was offered some of those notes,
and I was warned by the vendor as a matter of law.
(Disclosure statement).
I passed on the offer because of the risk.
Why should someone foolish enough to take it be bailed out?
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]]> Comment on Hope for Homeowners and How to Stop Foreclosure by kmacf http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-358 kmacf Thu, 11 Mar 2010 17:56:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-358 There are two reasons not to support the bailout bill. First, where is the money going to come from. We are running a deficit in this country so that means the government will have to take out foreign loans to pay fo this bailout. It's a lot like using your credit card to pay for your car loan. You're just moving the debt around. Secondly, there needs to be some changes in the system. This bill called for a cash bailout but not for a change in the way loans are doled out. Keeping things like this would mean having to do another bailout in a few years. If we are going to add an additional 2.5k tax burden on to every man, woman and child in America it had better be done right. This bill was rushed through and shoved down out throats. I am happy it was defeated. Now there might be some intelligent discussion about some real solutions and not just a patch job.<br><b>References : </b><br> There are two reasons not to support the bailout bill.

First, where is the money going to come from. We are running a deficit in this country so that means the government will have to take out foreign loans to pay fo this bailout. It’s a lot like using your credit card to pay for your car loan. You’re just moving the debt around.

Secondly, there needs to be some changes in the system. This bill called for a cash bailout but not for a change in the way loans are doled out. Keeping things like this would mean having to do another bailout in a few years.

If we are going to add an additional 2.5k tax burden on to every man, woman and child in America it had better be done right. This bill was rushed through and shoved down out throats. I am happy it was defeated. Now there might be some intelligent discussion about some real solutions and not just a patch job.
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]]> Comment on Hope for Homeowners and How to Stop Foreclosure by thumpfrosty http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-357 thumpfrosty Thu, 11 Mar 2010 17:54:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-357 why bail out the big boys who played the game and lost? how about bailing out the little folks who are fucked?<br><b>References : </b><br> why bail out the big boys who played the game and lost? how about bailing out the little folks who are fucked?
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]]> Comment on Hope for Homeowners and How to Stop Foreclosure by ablex http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-356 ablex Thu, 11 Mar 2010 17:52:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-356 Why not let private investors take it on rather than the taxpayers? Let the government insure it, rather than invest in it.<br><b>References : </b><br> Why not let private investors take it on rather than the taxpayers?
Let the government insure it, rather than invest in it.
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]]> Comment on Buy a Short Sale for a Great Deal by godged http://www.bank-owned-foreclosures-listings.com/bank-foreclosure-listings/buy-a-short-sale-for-a-great-deal-2.html#comment-364 godged Thu, 11 Mar 2010 17:50:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure-listings/buy-a-short-sale-for-a-great-deal-2.html#comment-364 Significantly under value? Probably not. Lenders obtain appraisals and Broker Price Opinions to determine current market value, and are in a position to hold out for their price.<br><b>References : </b><br>Oregon Realtor Significantly under value? Probably not.

Lenders obtain appraisals and Broker Price Opinions to determine current market value, and are in a position to hold out for their price.
References :
Oregon Realtor

]]> Comment on Hope for Homeowners and How to Stop Foreclosure by Mike M http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-355 Mike M Thu, 11 Mar 2010 17:50:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-355 I'm not against the bailout, I against the idea of a bail out with no oversight. I wouldn't trust this administration to water my plants much less give them 700 billion dollars no strings attached. <br><b>References : </b><br> I’m not against the bailout, I against the idea of a bail out with no oversight. I wouldn’t trust this administration to water my plants much less give them 700 billion dollars no strings attached.
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]]> Comment on Buy a Short Sale for a Great Deal by Palm Springs Real Estate http://www.bank-owned-foreclosures-listings.com/bank-foreclosure-listings/buy-a-short-sale-for-a-great-deal-2.html#comment-363 Palm Springs Real Estate Thu, 11 Mar 2010 17:48:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure-listings/buy-a-short-sale-for-a-great-deal-2.html#comment-363 There are some great deals on Short Sales right now. Short Sales can take a little longer to close than a normal home purchase. The Bank is the seller and sometimes they move at a slower pace. Short sales are not always the best deal, check with a good Realtor in your area and see if there are other homes that may be better for you. Make sure you pick a good location, location is everything in Real Estate.<br><b>References : </b><br>http://www.investdesert.com/blog/ There are some great deals on Short Sales right now. Short Sales can take a little longer to close than a normal home purchase. The Bank is the seller and sometimes they move at a slower pace. Short sales are not always the best deal, check with a good Realtor in your area and see if there are other homes that may be better for you. Make sure you pick a good location, location is everything in Real Estate.
References :
http://www.investdesert.com/blog/

]]> Comment on Hope for Homeowners and How to Stop Foreclosure by dlk http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-354 dlk Thu, 11 Mar 2010 17:48:59 +0000 http://www.bank-owned-foreclosures-listings.com/bank-foreclosure/hope-for-homeowners-and-how-to-stop-foreclosure-2.html#comment-354 Ah but there is time to "wait". There is time to come up with a viable plan that might actually help. It should not come from us the taxpayers. Don't listen to all the "hype" everyone is expounding. There are various OTHER WAYS to help out this financial fiasco WITHOUT going to we the taxpayer. OUR GOVERNMENT should not be involved with running the financial markets. WHY are the same people who caused this mess the ones perpetrating the plans??? THAT IS INSANE. There are many economists who have very interesting ideas............and our Politicians will NOT LISTEN TO THEM. WHY?? There is time, there are better ways. You have been drinking the "fear" mantra that some Politicians and our News Media are expounding. They can't even tell us taxpayers if such a plan will work. NO TO TAX PAYER BAIL OUT.<br><b>References : </b><br> Ah but there is time to "wait". There is time to come up with a viable plan that might actually help. It should not come from us the taxpayers. Don’t listen to all the "hype" everyone is expounding. There are various OTHER WAYS to help out this financial fiasco WITHOUT going to we the taxpayer. OUR GOVERNMENT should not be involved with running the financial markets. WHY are the same people who caused this mess the ones perpetrating the plans??? THAT IS INSANE. There are many economists who have very interesting ideas…………and our Politicians will NOT LISTEN TO THEM. WHY??

There is time, there are better ways. You have been drinking the "fear" mantra that some Politicians and our News Media are expounding. They can’t even tell us taxpayers if such a plan will work. NO TO TAX PAYER BAIL OUT.
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