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Oakland's messed up forclosure plan

By fil   Follow   Wed, 10 Oct 2012, 1:34pm   627 views   5 comments
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http://www.sfgate.com/business/article/Oakland-aims-to-prevent-foreclosures-3930281.php

Has anyone seen this? Ideas like this really make me mad. Can't time the market? Government will time it for you!!

Manuel De Paz may benefit from a new foreclosure prevention program that Oakland is starting to help underwater homeowners. Photo: Sarah Rice, Special To The Chronicle / SF Manuel De Paz may benefit from a new foreclosure prevention program...

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1. bgamall4 Follow Befriend (14) 753 threads 2,589 comments 63 male Las Vegas, NV bgamall4's website Premium

   1   3:42pm Thu 11 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   I applaud Oakland. I wrote about how the investment banksters are screwing Oakland, because they told Oakland to bet on inflation and all we have is declining interest rates. The banksters won bigtime. This is a battle Oakland is having with the banksters for main street.

2. fil Follow Befriend 6 threads 66 comments

   2   3:49pm Thu 11 Oct 2012   Share   Quote   Permalink   Like   Dislike   They got the homes because they were willing to overpay and the banks made the loans to key that happen. Let them short sell.

3. EBGuy Follow Befriend 4 threads 2,095 comments

   3   4:23pm Thu 11 Oct 2012   Share   Quote   Permalink   Like   Dislike   Refi with BofA in 2007 -- never a good sign.

4. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   4   4:26pm Thu 11 Oct 2012   Share   Quote   Permalink   Like   Dislike   This is all bullish for house prices.

5. bgamall4 Follow Befriend (14) 753 threads 2,589 comments 63 male Las Vegas, NV bgamall4's website Premium

   5   5:19pm Thu 11 Oct 2012   Share   Quote   Permalink   Like   Dislike   Protected   fil says They got the homes because they were willing to overpay and the banks made the loans to key that happen. Bankers used to have a rule with underwriters, don't let them get too much house. The bubble changed that. The bankers are at fault.