-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
family and clients that I know who are 
Posted by 
;)
;)
;)
Find CA real estate agents and La Jolla real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
54 Comments on A Foreclosure & A Felony
This is a sad story but one that should be brought to the attention of the politicians. They need to do something to fix this mess instead of letting it continue.
These type of stories are all around is in every walk of life, it is really sad.
I read the article in our local newspaper. I also wrote a letter to our editor as follows....
As a full service Real Estate Broker in the business, I read your article in regards to alleged misconduct of a foreclosed homeowner. While I cannot condone any behavior that violates existing rules & regulations, the question begs to be answered…What would cause this type of behavior..? Here’s a clue…try calling your bank, discussing your home, and then sharing the experience.HINT: It’s not pleasant……is putting it mildly. Perhaps the real story is cause and effect..and expert crazy-making at work.
Thank you for letting me share.......Susan
Sad and heartbreaking. But this is what happens when people are sentenced to death by bank red tape. My heart goes out to these people, and I hope that they don't have their lives ruined as a result. They probably felt betrayed.
People can be driven to do things they would never do under normal circumstances, but it's too bad they chose to respond to the problems this way. The bank may have errors and problems in the file that are grounds for a lawsuit for this couple, but it looks like when they hire an attorney it will be a criminal defense attorney. I'm sorry for what happened to them, and can imagine that after months of jumping through hoops with their emotions fully invested, they reached a breaking point -- but the wife is a Realtor and her license may be at risk here. The husband is a police officer and this could cause him to be reprimanded or lose his job.
I think we're going to hear a lot of desperate stories. I worked for an REO management company here in Texas in the 1980s when we were overwhelmed with foreclosures. It was depressing...
I agree with Fred #15 and Philip #37
It is heartbreaking, and it sickens me that banks and other institutions get away with far worse, and ge bailed out. They need to be prosecuted for this mess and bear consequences just like the borrowers.
I can't condone them trashing the home. Still, who knows what a red tape nightmare this bank put them through before the end. It is like a death for these people. If you want to find out how far people will go, push them against the wall with no way out.
Susan, this is an example that while a product, with people involved it is an emotionally charged product.
People do all kinds of emotional things when pushed to their breaking point.
I heard this on the news and I just don't get it. You cannot pay so you have to go. Why so much hostility?
I think we will see and hear more of this in the future.
So what were they charged with?
So what were they charged with?
Although I understand their frustration, nothing justifies purposely destroying property. This couple has now made that property difficult to sell, and further lowered the neighborhood's standard. Unfortunately they will need a good criminal attorney. "two wrongs don't make a right."
Wow that's sad. They didn't think things thru and acted irrational. I do understand their frustration and hope that they get a judge that sympathize with them
Thank you Susan, very interesting post
I saw this on our local news here in Las Vegas and couldn't believe the story. Lives ruined beyond losing their home....
Hello Susan and sorry I missed this post and it is sad, congrats on the feature and let's keep this post alive with another feature at ...
All Real Estate - Today & Tomorrow
VB ;)
Thank you for the feature on "All Real Estate - Today & Tomorrow" VB. I am looking forward to hearing about your motorcycle trip as I was a big fan of Easy Rider & Peter Fonda :-)! ~ Susan
Nevin's re-blog sent me over. Didn't hear about this, but what a tragedy. There are a lot of loan mods that were in review, then denied. Then the bill was sent . . . people snap. For those who aren't facing financial crisis, I don't think they understand how close to the edge others, who do face these things, are.
Thank you Carla for your comment and I agree. The couple was arraigned in court today and are out on bail. Their attorney said that the lender over exaggerated the claims of destruction, but it was pretty bad. Perhaps they should be facing civil charges, but not criminal.... a possibility of four years in prison and the lenders don't even get their hands slapped. ~ Susan
And, not only that . . . they are now without careers. This would be a felony. He won't be on the police force, and she won't be able to keep her license. And I agree with the outrage of the Banksters getting off FREE. Two wrongs don't make a right, and I'm very sorry for this family that they snapped. Remember when Martha Stewart was dinged for $100,000 insider trading (a drop in the bucket), and did time. Oh, but the fraud that was/is perpetuated on the American people by the banksters, and nothing ...
Login or register to leave a comment