A Message From Lucianne  







S-G1




























ST-GC



        
 

 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


  Topic: The States of Foreclosure
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
The States of Foreclosure
Wall Street Journal, by Editorial

Original Article

Posted By:StormCnter, 1/9/2013 5:56:11 AM

One reason for optimism in the New Year is the housing market, which continues to heal despite the weak economic recovery. Case-Shiller, Lender Processing Services and other data trackers are reporting recoveries in many regions. Even more noteworthy is that the rebound is strongest in states that let lenders enforce contracts. We´re referring to the difference between "nonjudicial" states that have streamlined foreclosure procedures and the 23 "judicial" states that force lenders to go to court to enforce mortgage contracts. Prices are stabilizing in the former but still faltering in much of the latter, which isn´t surprising, except to politicians.

      


Post Reply  

Reply 1 - Posted by: Spidey, 1/9/2013 6:12:30 AM     (No. 9106411)

Like I said back in 2008 when the foreclosure crisis struck,it would have been enormously cheaper to pay these people 10 grand to get the hell out of the house if they could no longer afford it. Instead we´ve thrown mega billions at keeping these people in houses ,many of which are still underwater or in the foreclosure process. Having to move into a rental isn´t the end of the world and foreclosures on your credit score are roughly the same as a bankruptcy.If you´re fairly young,you have time to rebuild your credit and maybe buy another house down the road.

Of course doing the right thing flies in the face of the hrowing mentality that home ownership is a new form of entitlement.

Not surprisingly,the FHA needs a bailout because the idiots still made doomed to fail loans even after the 2008 meltdown.As far as I know,this crop of people can still use food stamps as an income source on the application. The fact that they have to live on food stamps tell you they don´t have the revenues to afford a house,the upkeep,property taxes and insurance.

The other problem you have on these low end people buying houses,is they trash and loot them when they´re kicked out.So the bank can either rehab the house for resale or bulldoze it. In some cases private re habbers buy the house dirt cheap,fix it up and rent it out.

The most egregious part of this whole racket is the social justice element of it which once again yokes the taxpayer or national debt to cover up it´s failures.

  Click Here if you Like this Comment


Reply 2 - Posted by: Crosscut, 1/9/2013 8:22:52 AM     (No. 9106564)

Romney said the housing mess would burn itself out on it´s own without government interference. Looks like he was right. America really blew it when it didn´t elect Romney. Romney may have been our last chance.

  Click Here if you Like this Comment

   1  person like this.


   

 

R-G1
  
R-VAR_AD


 

Post Reply   Close thread 718195




Below, you will find ...

Most Recent Articles posted by "StormCnter"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "StormCnter"



The tyranny of the organic mommy mafia
New York Post, by Naomi Schaefer Riley    Original Article
Posted By: StormCnter- 4/19/2014 5:53:17 PM     Post Reply
“Am I going to be an outcast?” A friend, who recently moved to an upscale neighborhood in Madison, Wis., called me last week to ask if she would be able to make mommy friends if she continued feeding her children — gasp! — non-organic food. She had just come back from the park where two mothers were discussing a recent vacation to a resort in Puerto Rico. One told the other that there, for the first time, her toddler was given Jif peanut butter. He loved it. Prior to that he had only had Whole Foods peanut butter, which (one might

White House asks American parents to
monitor their children for signs of terrorism
Daily Caller, by Eric Owens    Original Article
Posted By: StormCnter- 4/19/2014 5:50:04 PM     Post Reply
In a speech earlier this week, Lisa O. Monaco, President Barack Obama’s assistant for homeland security and counterterrorism, insisted that American parents must be vigilant because their “confrontational” children could be on the verge of becoming terrorists. Monaco’s full, prepared text is available here. She presented the speech, entitled “Countering Violent Extremism and the Power of Community,” at Harvard University’s Kennedy School of Government on April 15. Monaco began her remarks by eloquently describing the lives tragically lost last year during the Boston Marathon bombings. Interestingly, the Harvard grad failed to mention the religion or the motive of brothers Dzhokhar and Tamerlan

Cherokee women want to meet
Elizabeth Warren on book tour
Legal Insurrection, by William A. Jacobson    Original Article
Posted By: StormCnter- 4/19/2014 5:46:22 PM     Post Reply
In Elizabeth Warren’s new book, A Fighting Chance, Warren claims to be “hurt and angry” that people criticized her claim to be Native American, specifically Cherokee. Warren blamed the Scott Brown campaign, the local Republican Party, and “some blogger.” In fact, Warren has no one to blame but herself for her false claim to be Cherokee. Read Elizabeth Warren Wiki, and these posts responding to the claims in her book: Twila Barnes, No Pity for Warren Michael Patrick Leahy, Elizabeth Warren Repeats Her False Claims of Native American Ancestry in New Book and Elizabeth Warren History Of ‘Minority Status’ Listings At Odds

Reflecting on Kelo nine years later
Hot Air, by Jazz Shaw    Original Article
Posted By: StormCnter- 4/19/2014 4:03:21 PM     Post Reply
It’s been nine years since the Supreme Court, expressing their decision in the writings of John Paul Stevens, decided to fundamentally change the Takings Clause of the constitution in the case of Kelo v. City of New London. On this auspicious anniversary, a diarist at Redstate decides to take a fresh look at how wonderfully that exercise in freedom worked out for the citizens, and what they received in exchange for their liberties. The Kelo ruling was controversial and precedent-setting because, under eminent domain, the government may seize the property of a private citizen when it’s deemed necessary for public use

   

 

  


 
Don´t Call It Ping Pong: College Sports
Rivalry Expands to Table Tennis
Wall Street Journal, by Douglas Belkin    Original Article
Posted By: StormCnter- 4/19/2014 8:36:01 AM     Post Reply
MONROEVILLE, Pa.—When the Texas Wesleyan Rams arrived here this month to defend their 10 straight national titles, the 14 players and coaches wore navy blue and gold track suits and carried matching bags. The walkie-talkies worn on the hips of tournament personnel crackled to life: "Texas Wesleyan has entered the building." The opposing teams,?most of whom brought only a handful of players, some in a mishmash of college sweatshirts,?stopped to watch in awe and dread. "We are the New York Yankees of table tennis," said Texas Wesleyan University Coach Jasna Rather. "Everybody hates our guts."

On upcoming trip, Obama
will try to pivot to Asia - again
McClatchy Newspapers, by Lesley Clark    Original Article
Posted By: StormCnter- 4/19/2014 5:19:38 AM     Post Reply
WASHINGTON — President Barack Obama will leave Tuesday for a four-nation trip to Asia, looking to recharge a focus on the region, an ambitious initiative that’s been sidetracked by domestic politics and international conflicts elsewhere. Yet even as Obama attempts to boost his effort to emphasize U.S. interest in Asia, Russian President Vladimir Putin’s intervention in Ukraine is complicating efforts to reassure Asian nations _ which share the region with an increasingly assertive China - that the U.S. is committed to their security. The administration’s efforts to refocus U.S. policy toward Asia were already being questioned in the region with the

A San Francisco Billionaire Just Bought
Obama and Delayed the Keystone XL Pipeline
Independent Journal Review, by Soopermexican    Original Article
Posted By: StormCnter- 4/19/2014 5:11:09 AM     Post Reply
While the media is obsessed with the Koch brothers this campaign season, a billionaire hedge fund manager from San Francisco just bought off the White House to the tune of $100 million in order to delay the Keystone XL pipeline decision. From Fox News: The Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend it is extending a key review period indefinitely — a move that could push off a determination until after the midterm elections. (Snip)What you won’t hear about in mainstream media is how Billionaire Tom Seyer



Most Active Articles (last 48 hours)



Kim Novak responds to post-
Oscars ridicule: ‘I was bullied.’

54 replie(s)
Washington Post, by Soroya Nadia McDonald    Original Article
Posted By: MissMolly- 4/18/2014 5:02:40 AM     Post Reply
After presenting at the Academy Awards this year, Kim Novak didn’t want to leave her house. The Hitchcock screen siren, 81, was too humiliated to venture from her home near the Rogue River in Oregon. She read the cruel posts and Internet snark about her appearance, and it was just too much. “It got to me like it gets kids and teenagers,” she told the Associated Press. The “Vertigo” actress, considered one of the great beauties in her day, posted a note on her Facebook wall Thursday, acknowledging that she’d gotten fat injections in her face and addressing her halted

Analysis: Obama Celebrates
Eight Million ´Enrollments,´
Again Declares Debate ´Over´

45 replie(s)
Townhall, by Guy Benson    Original Article
Posted By: KarenJ1- 4/17/2014 8:56:28 PM     Post Reply
President Obama addressed the White House press corps today, announcing that with the final numbers in, Obamacare´s exchanges have attracted eight million sign-ups -- 35 percent of whom are "under the age of 35," he said. Several elements of his comments were misleading: (1) At first blush, the 35 percent stat is both significant and impressive. As recently as last month, the share of "young invincibles" signing up for plans was struggling in the 25 percent range, far short of the actuarial target of nearly 40 percent. A leap into the mid-30´s, while still shy of the goal, would constitute a major step, and would bode well for the risk pools'

   

 

B-G1


 
The Folly Of The Bundy Ranch Rebellion
44 replie(s)
The Federalist, by Grace Olmstead    Original Article
Posted By: Pluperfect- 4/18/2014 4:21:46 AM     Post Reply
It’s the stuff of Westerns: a showdown on the desert plains, the big bad government against an underdog farmer. Though the story has only grabbed national headlines in the past several days, rancher Cliven Bundy has illegally grazed cattle on the Nevada land surrounding his farm for over 20 years. He hasn’t paid grazing fees since 1993, and refuses to renew the necessary grazing permit.(Snip)Rather than using the avenues and pathways presented to him, Bundy has staunchly declared his own law and allegiances. Unfortunately, reality doesn’t work this way. If only it did—we could rebel for paying stupid taxes, refuse to

Students Demand Acknowledgement of
Robert E. Lee´s ´Racist and Dishonorable Conduct´

43 replie(s)
Breitbart´s Big Government, by AWR Hawkins    Original Article
Posted By: Desert Fox- 4/18/2014 12:35:28 PM     Post Reply
A group of seven multiracial Washington and Lee University (W&L) students are demanding the school remove all Confederate flags from campus and "acknowledge" General Robert E. Lee´s "dishonorable side." According to the Roanoke Times, "seven multiracial students, calling themselves ´The Committee,´" have also demanded the school "acknowledge and apologize for participating in chattel slavery." They want recognition of "Martin Luther King Jr. Day on the undergraduate campus" and an end to "neo-Confederates" marching across campus "to the Lee Chapel on Lee-Jackson Day." The students say they will "engage in civil disobedience" if their demands are not met by September 1st. They added: "The

White House blames fox for
destroying Michelle’s garden

43 replie(s)
Daily Caller, by Vince Coglianese    Original Article
Posted By: Pluperfect- 4/18/2014 3:59:04 PM     Post Reply
The White House is going to war with another fox — and this time, it’s personal. The Wall Street Journal reports that a red fox has been causing chaos around the White House, tripping security alarms, digging up Michelle’s garden and distracting the president from his duties. The Secret Service won’t give any details about how often the fox trips the White House’s obviously sophisticated security alarms, but rest assured, officials say, they’re watching. President Obama was apparently “stunned” to see the fox roaming freely down the oft-photographed White House colonnade, home to the world’s shortest, but most dramatic, outdoor strolls. The bushy-tailed visitor

Living in the New York Times World
33 replie(s)
American Thinker, by J. Paul Masko    Original Article
Posted By: magnante- 4/19/2014 7:48:36 AM     Post Reply
I began reading the entirety of the first section of the New York Times at nine years old, and continued that practice, more or less, for decades.(snip) ...the power of reverence, intrinsic to what I call the “cascade” of The Times: the near avalanche-like flow and distribution of information through electronic and print networks: through like-minded network newscasts, magazines, local newspaper s, blogs, daytime talk TV, late-night entertainment, statements at media award ceremonies, the celebrity Twitterverse, etc. The cascade rolls through Saturday Night Live, Jon Stewart, The New Yorker, the mouths of third-grade teachers, Elmo, Madonna and Susan Sarandon …through

Obama: ´For me, Easter is a story of hope,
a belief in a better day to come´

30 replie(s)
Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/19/2014 9:16:36 AM     Post Reply
Hi, everybody. For millions of Americans, this time of year holds great meaning. Earlier this week, we hosted a Passover Seder at the White House, and joined Jewish families around the world in their re-tellings of the story of the Exodus and the victory of faith over oppression. And this Sunday, Michelle, Malia, Sasha, and I will join our fellow Christians around the world in celebrating the Resurrection of Christ, the salvation he offered the world, and the hope that comes with the Easter season. These holy days have their roots in miracles that took place long ago. And yet, they still inspire us, guide us, and strengthen us today. They remind us of our

   

 

R_DBL_B
  


 
   

Post Reply   Close thread 718195





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


© 2014 Lucianne.com Media Inc.

~~~c~~~