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Today is Tuesday, May 22nd, 2012
With banks refusing to help homeowners with their underwater mortgages, a New York Times story advocates simply walking away. On Countdown. Copyright MSNBC 2010 www.youtube.com Keith Olbermann housing market real estate mortgage default Countdown strategic default banks bankers
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Comment by scuddiver on 24 December 2010:
@villanonickXgmail You are truly an idiot!!!
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Comment by centervilletn on 24 December 2010:
@LakeWorthFL1 i have no animosity towards “my neighbor” i detest banksters.and their hired flunkies..on the bright side …a new day is dawning….folks are polishing up their pitchforks and torches…maybe satisfaction will be had at the lamp post
Comment by LakeWorthFL1 on 24 December 2010:
@centervilletn Your neighbor didn’t do that to the neighborhood, the bank ‘hired’ the appraiser. If you read the testimoney of the Financial Crisis Commission Report, you will see and hear appraisers who said it was easy too. Inflated values helped the Banks package up these ‘derivitives’ and sell them around the world to investors.
Please don’t think your neighbor raked you over the coals.
Comment by LakeWorthFL1 on 25 December 2010:
Today is Oct 5, 2010…there is still nothing being done for under water homeowners and property values have sunk lower, much lower here in Florida. Banks used the bailout money NOT to lend to the middle class But to fatten their bottom lines of the backs of the little people in their communities….’It’s A Wonderful Life’ everywhere I look around me. What was once thriving is now gasping or gone…
No where are the Banks EVER going to act UNLESS WE ALL STOP PAYING THE MORTGAGE TOGETHER AT ONCE
Comment by villanonickXgmail on 25 December 2010:
If you want news, watch MSNBC.
If you want comedy, watch FOX.
Comment by FreeBlago1 on 25 December 2010:
WARNING: Do not walk away from your mortgage if you lied on the application. It is bank fraud (mail/wire fraud). Defaults are investigated by FBI. They check your income against your 1040s and contact employees. My friend refinanced his 1.4 million house for a divorce. He exxagerated income,then walked away. Bank lost about 850,000, and FBI came knocking. He got 36 months and 1.2mil in restitution/fines.
Comment by FreeBlago1 on 25 December 2010:
dgffg
Comment by wabio on 25 December 2010:
So Wall Street and politicians are lecturing Main Street about ethical behavior? Pot Meet Kettle.
Comment by MajesticChicken on 25 December 2010:
I told the bank we’ve been trying to sell our house for 4+ months. They gave me a run around about how to short-sell it, and lied to me about what they were going to do if I moved. My Realtor told me it’s common bank BS, so I told her we’re moving. She asked me if we wanted to reduce the price, I responded, “It’s the bank’s baby now, do whatever, I’m gone.” I’ve paid tens of thousands in a couple of years on the house, and own almost none of it. Bye!
Comment by thorntongifts on 25 December 2010:
find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by thorntongifts on 25 December 2010:
find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by thorntongifts on 25 December 2010:
I find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by Helixjt3 on 25 December 2010:
Most people will never hone in on effective ways of thinking. And believe it or not this illegitimate fart (air bubble) has given way to what we call morality (inertia).
Yeah, like we’re all in this together! Morality should be for people who think for themselves—that’s moral….your in the ocean swim dammit no ones coming to save you!!!
“By way of the individual no man or woman will ever have the right to take away something I’m smart enough to get rid of”
helixjt3
Comment by fal2grace on 25 December 2010:
@desertr0se2007 good for you:)
Comment by desertr0se2007 on 25 December 2010:
Yup, the government helps the banks but not the home owners. Very few people are able to get help from anyone. I walked away. That was last year and no regrets at all.
Comment by consdel2000 on 25 December 2010:
You dumb fucker. Some people were conned by these greedy lenders to buy into these mortgages. Get your deformed face out of your fat ass, motherfucker.
Comment by MoeBedard on 25 December 2010:
There are things you can do to avoid walking away from your homes and to still pay your mortgage. The videos on my channel are full of rants and pep videos to educate people on what they can do to save their homes from being foreclosed on. Please check out the videos on my channel such as Fighting Foreclosure and Loan Modification Fighters.
Comment by Ripple4135 on 25 December 2010:
Is your mortgage underwater or can you not afford your house? There is a difference. The first situation sucks but it isn’t as big of a deal as people make it. The house is still the same house, it’s just currently worth less than it used to be. Fortunately, houses are long term purchases. Making the “business decision” to walk away from your mortgage was stupid. You’ll never own a home now.
As for the latter, that is a situation I will never be in. I spend much less than I make.
Comment by Sinead522 on 25 December 2010:
@Ripple4135 You are a stupid jackass. I hope you get into this situation someday asswipe.
Comment by Ripple4135 on 25 December 2010:
You shouldn’t have bought a house you couldn’t afford DIPSHIT.
Comment by fal2grace on 25 December 2010:
@Sinead522 well good luck to you.
Comment by Sinead522 on 25 December 2010:
@fal2grace Thank you. Everything in this video is excellent and I agree with every bit of it. I have been trying to work with my servicer for over a year, i.e., loan mod attempts, etc., and have been shot down every single time. Conclusion, they have NO intention of helping me, so as far as I’m concerned they can have my house and stick it. I started my strategic default back in September!
Comment by fal2grace on 25 December 2010:
@Sinead522 well said