This is the right thing to do. You don't throw people out of their houses at Christmas and New Year's -- there are few people available and few agencies prepared to help at this time.

big deal they put it off for two or three weeks,but not really for us their holiday vacations start till after the holidays.but they will continue after that.over a hundred million and another 125 million coming are the crazy or what.with corperations that owns companie that own the companies that has c.e.o. that follow the orders to control the banks corperations you'll never know what real motives that are behind their desiding to keep foreclosing with prof but in reality we know.hello corperate america.but sence we the people are the government i guess we'll have to take over all housing industry.

Your new posting system sucks ass.

I say tough crapola.... Pay your Mortgage and you dont get thrown out of your home.

The attorneys general of Arizona and Nevada are suing BofA for fraud in misleading customers about their eligibility for mortgage modifications and assuring them they would not be foreclosed upon while seeking the modifications. The suits were prompted by hundreds of complaints received from consumers who sought mortgage modifications.

WWW.NATIONALFORECLOSURENEWS.COM

if they could they would.you must be one of those leaches living off their need to have a place to live it's a god a given right for all to have some where to be and your makeing a living off others,and their needs and don't want to get a real job cause your affaid of work yourself.

I am so over these forclosure delays. If they are not paying forclose already! Let's get this mess behind us.

sorry but it will go on for years or till we the people which is the government take over all the housing industry from the greedy who's trying to milk the people for all they are worth.

No more foreclosures until "2011" or as many of us that are aware of dates would say "in about a week". Somewhat of a funny headline or grab line considering New Years Day is a week from Saturday.

The bottom line is that many people take off during the holidays and postponing non critical work is pretty much a given. This isn't rocket science and happens every year.

I didn't bother reading the remainder of the article since the premise was stupid enough and insults my intelligence.

I think this is a load of bollocks if you ask me. Not that I am insensative to the families that really got duped into signing a bad loan and are now losing their homes, I am rather appalled at the fact that the laws against squatters aren't more strict. I have to evict someone out of a home that I purchased on auction because they refuse to leave!? I say bollocks to that! What happened to the days when you get foreclosed that you had the dignity to move out and not get thrown out?

Boy, there are some real a##holes in this world. Deadbeats, johnny I am talking about you.... Boohhooo, I have to pay my mortgage.....boohoo. Huh, oh well, You know I just got a letter from my bank and they are offering me $4800. to execute a Deed in Lieu of foreclosure. Imagine that, I have not paid my mortgage for 29 months now, guess I got someones attention... That will pay about 6 months of rent along with my bankruptcy, I am coming out pretty good. Taking a hit on credit, but I will survive... have for the last 2 years and have not lost everything trying to keep my mortgage to date....

These judges are keeping our economy from recovering. They seem to be promoting a welfare system not a free market system.

What I'm really sick of is people who can well afford to pay their mortgages and arent because they're playing the system. In our building, there is a person from Oracle (yes you KNOW who you are) who refuses to pay his mortgage and can well afford it. He's got a friend in real estate who is helping him beat the system. YOU SHOULD BE ASHAMED OF YOURSELF. People like you all over this country are ruining this economy.

I say tough crapola.... Pay your Mortgage and you dont get thrown out of your home.

Posted by: Deadbeats get all the consideration | December 20, 2010 12:01 PM
Me put voodoo curse on you and your family , see what happens to you now

What bunch a$$holes on the wanting to throw people on the street,
It's easy to see these people have no soul and are hellbound!!!
Hopefully, the be judged and sent to Hell. He that shows no mercy shall not receive mercy.

Thousands are Walking Away from thier mortgage and why not?? American Bankers Association walked out on thier $70 million dollar mortgage. Strategic default is the way to go. If your underwater it only makes sense to bailout.
The banks are suspending foreclosures, to give thier employees some time off, not really a compasionate move.
People who are dumb enough to paY THIER mortgage because choose to feed the bank, that's their problem.

What many people on the forum don't understand is by foreclosing the banks have a huge inventory of empty houses, which brings down the value of thier own homes for years to come, The economy won't recover with no buyers and more people losing thier homes. You need people staying in thier homes and banks caused the problem to adjust the mortgages so homeowners can stay in them.
Also, the US is being bought by foriegn investors who are snatching up homes..so essentially foriegners will own most of the real estate in hte US.
Foreclosures will keep the the economy down for the next ten yrs or more.

What everyone dosent realize is that after they foreclouse it takes three weeks to evict, sales were just cancled this week last week there were 1200 foreclosure sales, they will be thrown out aprox week of Jan 1, happy new year, I was taught if you pay you stay, lets get this mess over with and foreclouse as many as possible as fast as possible, these people have been living in there homes for three years now with out one payment! do you think any of them saved money for the day the had to move? NO, its everyone eles fault right? no just a bunch of us buying more then we could afford, its time to wake up america.

Monday, December 20, 2010
Open Letter to Bank Regulators on Mortgage Securitization and Servicing Practices

Today, a letter urging fundamental changes in the mortgage securitization markets, signed by 50 individuals with expertise in this arena, was sent to the Chairmen of the FDIC, the Fed, and the SEC, and the Secretary of the Treasury and the Comptroller of the Currency.

Despite widespread evidence of failings, abuses, and outright fraud in the securitization process, reform measures have been halting at best. The FDIC has proposed far-reaching and well thought out measures in the face of considerable industry opposition. By contrast, the Treasury has taken the position that it has little authority over servicers, despite its considerable influence over both the banks in which most of them reside, and their biggest customers, Fannie and Freddie.

The letter points out that the continued failure to address this issue is detrimental to homeowners, investors, and the broader economy. It urges the adoption of new standards as part of these regulators’ duties under Dodd Frank and makes specific recommendations.

http://www.nakedcapitalism.com/2010/12/open-letter-to-bank-regulators-on-mortgage-securitization-and-servicing-practices.html

Too many ignorant and uneductated losers on the forum wish they could stay in thier homes rent free for 3 years. Too bad! That's the way it is, Due proccess of law it's called and if you don't like it move somewhere else like a communist country which would seem to fit your scouling attitude.
Cases are starting to get dismissed and owners are getting the house free with a clear title , if the bank fraudulently forecloses and has no chain of title.
So stuff that in your stocking.
You can't get it through these losers heads that millions of people lost thier jobs and they "could" afford them with a job, too bad these losers haven't lossed thier job so they could be on the a$$ end of this conversation. They are so damn stupid, if no one could afford a home, where would construction, realestate,banks and mortgage brokers be?? Where would the economy be? The turkey that calls him self a real estate investor, good luck buying house and then selling them.
I make more money in a day trading commodities than you'll make in a lifetime.
The banks stuck thier all interest mortgaes, accelerated mortgages, aprs and balloons to get people to buy homes. DUH! I guess alot of people should've turned down all those juicy offers and rented?? Get real.
If your fat & happy paying on a losing investment that's your tough luck, Real estate isn't a good investment, too much inventory and more to come.
Every foreclosure in your neighborhood decreases your net worth and your neigborhood. Go ahead, yell scream at people bailing out and staying free in thier homes. Learn to live with it because it's going to continue.

IF you think you will get your house free, you are dreaming. IT will never happen. Its like the Bermudian Triangle - you keep hearing about it, but you never see it.

Stop feeling all cute with yourself in your self induced fantasy land, that some how the bank is going to say, 'have the house for free'. Won't happen. PERIOD. NO PAY, NO STAY!

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