patrick.net

 
  forgot password?   register

#housing #investing #politics more»
735,217 comments in 75,653 posts by 10,909 registered users, 3 online now: BlueSardine, errc, YesYNot

new post

'Zombie titles' haunt victims of house foreclosure

By soeren   2013 Jan 11, 5:57pm   2,091 views   8 comments   watch (0)   quote      

COLUMBUS, Ohio - Joseph Keller doesn't expect he'll live to see the end of 2013. He blames the house at 190 Avondale Avenue.

http://www.nbcnews.com/business/zombie-titles-haunt-victims-home-foreclosure-1B7933378

#housing

Comments 1-8 of 8     Last »

1   zzyzzx   559/559 = 100% civil   2013 Jan 12, 1:14am  ↑ like (1)   ↓ dislike (1)   quote    

OK, so the moral of the story is that if you are a deadbeat, don't move out until they throw you out.

2   APOCALYPSEFUCKisShostikovitch     2013 Jan 12, 1:32am  ↑ like (6)   ↓ dislike   quote    

No the moral of the story is never go near a bank.

If you can't afford to pay cash, don't buy.

3   Robber Baron Elite Scum     2013 Jan 12, 2:36am  ↑ like (1)   ↓ dislike   quote    

APOCALYPSEFUCK is Shostakovich says

No the moral of the story is never go near a bank.

If you can't afford to pay cash, don't buy.

No the moral of story is that I'm a scumfuck financial criminal.

Go near me if you want to be bent over and ass-raped by Satan while Jesus... That donkey fucker is tortured by Fallen Angels and can't help you in anyway.

I'm former chairman & CEO of J.P. Morgan Chase which own private shares of the Federal Reserve...

What more do you peasants expect from me?

I'm a scumbag and proud of it.
-David Rockefeller.

4   futuresmc     2013 Jan 12, 3:00am  ↑ like (1)   ↓ dislike   quote    

zzyzzx says

OK, so the moral of the story is that if you are a deadbeat, don't move out until they throw you out.

Yes, deadbeats who have congestive heart failure or a destroyed liver, who were deceived by a bank into believing their foreclosure was immenent. How come a bank that walks away from a house they are contractually obligated to sieze in foreclosure by terms of the mortgage are not deadbeats, but the person who they trick and trap are?

5   zzyzzx   559/559 = 100% civil   2013 Jan 13, 11:10pm  ↑ like (1)   ↓ dislike (1)   quote    

futuresmc says

How come a bank that walks away from a house they are contractually obligated to sieze in foreclosure by terms of the mortgage are not deadbeats, but the person who they trick and trap are?

They both are deadbeats.

6   PockyClipsNow   57/57 = 100% civil   2013 Jan 14, 12:27pm  ↑ like (1)   ↓ dislike   quote    

read the story, the banks are NOT contractually obligated to actually take back the house. this guy got a free house but it ended up a night mare. bizarre.

7   Tenpoundbass   958/959 = 99% civil   2013 Jan 15, 3:57am  ↑ like   ↓ dislike (1)   quote    

Five years ago, Keller, 10 months behind on his mortgage payments, received notice of a foreclosure judgment from JP Morgan Chase. In a few weeks, the bank said, his three-story house with gray vinyl siding in Columbus, Ohio, would be put up for auction at a sheriff's sale.

Ten months behind and HE's the Victim?

The 58-year-old former social worker...

Oh that explains it, most social workers have the social skills of a boiled peanut.

8   TechGromit     2013 Jan 15, 4:53am  ↑ like   ↓ dislike   quote    

zzyzzx says

OK, so the moral of the story is that if you are a deadbeat, don't move out until they throw you out.

That's actually good advice. Far too many people move out when they are sent the foreclosure notice, but they don't have to. They should take advantage of the rent free housing the bank is providing. At the very least, protect the property until your evicted, and make sure you take pictures of the condition of the house the day before eviction. This way you'll have proof the condition you left it in, when the bank takes possession. If it's looted after wards, you'll have proof it not your fault.

robertoaribas says

futuresmc says

contractually obligated to sieze

This article is one more reason why you absolutely shouldn't leave the home till after the foreclosure. If he stayed there, he could have lived for free just for maintaining the house... maybe forever.

Actually, you should wait for the eviction notice. Sometimes banks and investors give you a cash bonus if you get out by said date without trashing the place first.

Comments 1-8 of 8     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home