foreclosure: How Stupid Can the Protests Get? Now - A Really Bad Reason to Fight Foreclosures
- 10/12/11 10:21 AM
I just read a Village Voice article explaining that the Occupy Wall Street Movement was going to move from courthouse to courthouse to stop foreclosure sales in the five Boroughs of NYC. Noble - but misplaced. Here is a press release, written by someone who purports to be an attorney, stating the reason for the mortgage meltdown. Below, you'll see some slight differences between her 'opinion' and the facts.
First, as I didn't even mention in my note to the editor of the Village Voice - It's a Referee who sells a foreclosed piece of real estate. Auctioneers sell … (18 comments)
OK, here’s my question – how many people will be selling their houses when they have a 40 year loan at 2% and all of their expenses are added on to their rear end of the loan. This means that if they have $20,000 in extra expenses they can’t afford when the bank works out the loan, the bank will add it on to the back end of the note. While the owner of the house will have to pay interest on this amount ($400 per year), they will not have to … (6 comments)
I just read a Village Voice article explaining that the Occupy Wall Street Movement was going to move from courthouse to courthouse to stop foreclosure sales in the five Boroughs of NYC. Noble - but misplaced.
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