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How Big Banks Can Steal Your Home From You Even If Your Mortgage Is Totally Paid


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2013 Sep 10, 11:00pm   8,744 views  33 comments

by Bubbabeefcake   ➕follow (1)   💰tip   ignore  

http://theeconomiccollapseblog.com/archives/how-big-banks-can-steal-your-home-from-you-even-if-your-mortgage-is-totally-paid-off

Did you know that the big banks have a way to legally steal your house from you even if you don't owe a single penny on your mortgage? Big banks and hedge funds are buying billions of dollars worth of tax liens from local governments all over the nation, and they are ruthlessly foreclosing on homeowners when they can't pay the absolutely ridiculous penalties and legal fees that are tacked on to the original tax bill. As you will see below, one 76-year-old man lost his $197,000 home that he fully owned over a $134 tax bill. A 95-year-old woman...

#housing

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1   zzyzzx   2013 Sep 11, 1:36am  

OK, so the moral of the story is to pay your property tax bills?

2   Dan8267   2013 Sep 11, 3:34am  

As you will see below, one 76-year-old man lost his $197,000 home that he fully owned over a $134 tax bill.

[T]hese big banks and hedge funds keep tacking on interest, penalties and legal fees until the tax bills are many times the size that they originally were.

The answer is a massive lawsuit against the banks. The homeowner never entered into any contract with the bank and therefore the bank has absolutely no right to impose any fee, penalty, or interest, nonetheless clearly ridiculous ones.

Is there a jury anywhere, even in Florida, that wouldn't find the banks guilty of extortion, fraud, grand theft, and conspiracy to commit these crimes?

$197,000 over a $134 debt is a 1,470 ratio. If I were on the jury, I'd award the plaintiff the same ratio over his loss of $197,000. That would be $289,619,403, enough to give even a big bank a pause. Ridiculous white crimes deserve ridiculous financial penalties. Turn about is fair play.

3   Dan8267   2013 Sep 11, 3:42am  

APOCALYPSEFUCK is Comptroller says

IMPALE the fuckers!

Or that.

4   FortWayne   2013 Sep 11, 5:02am  

These stories sound a bit exaggerated.

But if they did this to me I'd take my rifle with the largest ammo clip and drive straight to HQ or the CEO house if I can find the address.

5   FortWayne   2013 Sep 11, 5:30am  

sbh says

FortWayne says

I'd take my rifle with the largest ammo clip

CaptainShuddup with a firearm.

I'll take that as a complement. Because these crooks take advantage of the poor and the most vulnerable. Crooks like that don't deserve to live. It wouldn't be just justice, it would be a benefit to society to rid itself of criminal vermin.

Nothing stops financial crimes like a few dead criminal investors.

6   FortWayne   2013 Sep 11, 6:40am  

sbh says

Like violent gunsel vigilantes.

Kind of like batman and superman :)

7   Shaman   2013 Sep 11, 6:51am  

I say bring back mobs with tar and feathers for these bankster sociopaths!

8   leo707   2013 Sep 11, 6:58am  

FortWayne says

sbh says

Like violent gunsel vigilantes.

Kind of like batman and superman :)

But, more like the Punisher or Rorschach.

9   CrazyMan   2013 Sep 11, 7:26am  

This country needs public hangings something fierce.

String em up, broadcast it on every channel right before American Idol.

10   leo707   2013 Sep 11, 7:34am  

CrazyMan says

This country needs public hangings something fierce.

String em up, broadcast it on every channel right before American Idol.

I think that somehow if we started public hangings, aired before American Idol, it would not be the Banksters, and crooked CEOs that were being hanged.

11   CrazyMan   2013 Sep 11, 7:38am  

Oh I'm sure you're right, unfortunately. :(

12   Moderate Infidel   2013 Sep 11, 7:55am  

FortWayne says

These stories sound a bit exaggerated.

But if they did this to me I'd take my rifle with the largest ammo clip and drive straight to HQ or the CEO house if I can find the address.

The fact you called it a "clip" rather than "magazine" leads me to think you do not own a rifle.

13   CrazyMan   2013 Sep 11, 8:03am  

Depends on which rifle.

There are a ton of rifles that take clips ((SKS, M1 Garand (ok, en bloc), Mausers, etc.))

Though I agree, to call it a clip is a bit odd since it's not likely one of those rifles.

14   Heraclitusstudent   2013 Sep 11, 10:05am  

Render unto the state your taxes.

15   leo707   2013 Sep 11, 10:13am  

CrazyMan says

Though I agree, to call it a clip is a bit odd since it's not likely one of those rifles.

Slightly odd yes, but only slightly, and technically incorrect (unless Fort is talking about an M1, but would that be Fort's "largest" capacity rifle?) . However, magazine -and- clip are often used synonymously, even by gun owners.

16   FortWayne   2013 Sep 12, 2:36am  

leo707 says

Slightly odd yes, but only slightly, and technically incorrect (unless Fort is talking about an M1, but would that be Fort's "largest" capacity rifle?) . However, magazine -and- clip are often used synonymously, even by gun owners.

I use terms interchangeably. But the point is that it is disheartening to see that there are so many evil individuals in our nation, who promote evil and harm, who thrive upon misery.

It is never morally right to build a business by impoverishing others. Too bad Superman and Batman aren't real people.

17   Dan8267   2013 Sep 12, 3:01am  

For those of us who aren't familiar with the difference, myself included, Minute Man Review has a nice summary.

Basically, the magazine is a chassis for ammo, and the clip is a mount for ammo. Clips can be placed in magazines.

From the above article, it seems that the purpose of a clip is so that you don't have to individually load rounds, whereas the purpose of a magazine is to feed the gun.

However, from CrazyMan's comment, it sounds that some rifles take clips directly and some rifles take magazines. Is that true, and if so, are the clips used without magazines partially enclosed like the en-bloc clip shown above?

I don't know much about the subject matter, but I would expect that you wouldn't want to connect a stripper clip directly to a rifle because the stripper clip doesn't look very rigid and sturdy like a magazine does.

18   Dan8267   2013 Sep 12, 3:06am  

Dan8267 says

Clips can be placed in magazines.

Or is it that bullets are removed from clips and then placed in magazines? I'm a bit confused.

19   exfatguy   2013 Sep 12, 6:50am  

I'll be honest, if I was at the end of my rope and nothing left to lose, you bet I'd consider taking a few greedy a--hole CEOs and banksters with me on the way out.

It might even start a martyr movement that would spread and end the Era of Greed for good.

20   leo707   2013 Sep 12, 8:25am  

Dan8267 says

Dan8267 says

Clips can be placed in magazines.

Or is it that bullets are removed from clips and then placed in magazines? I'm a bit confused.

Yes, clips can be placed directly in a magazine.

21   leo707   2013 Sep 12, 8:27am  

Dan8267 says

However, from CrazyMan's comment, it sounds that some rifles take clips directly and some rifles take magazines.

Rifles that take clips directly have an integral magazine that holds the clip, i.e.- the magazine is still "housing" the cartridges.

There are also "stripper" clips that you hold over a magazine and push the cartridges off the clip and into the magazine.

To add a little more confusion there are also full moon clips used for revolvers.

22   leo707   2013 Sep 12, 8:36am  

FortWayne says

It is never morally right to build a business by impoverishing others. Too bad Superman and Batman aren't real people.

Superman and Batman follow the law (for the most part), and unfortunately the morally repugnant business models that profit by impoverishing others are often entirely legal. They would however prevent someone carrying a rifle, with a large ammunition capacity, to -- regardless of how justified -- from attacking the residence of a CEO who runs such a business.

23   leo707   2013 Sep 12, 8:43am  

FortWayne says

But the point is that it is disheartening to see that there are so many evil individuals in our nation, who promote evil and harm, who thrive upon misery.

There are actually not that many "evil" people, most people are more-or-less good and well meaning. We have just decided, as a society, to highly reward and legalize unproductive -- even destructive -- behaviors. In such an environment even otherwise "good" people will resort to immoral means of making money.

24   Dan8267   2013 Sep 12, 11:16am  

leo707 says

Rifles that take clips directly have an integral magazine that holds the clip, i.e.- the magazine is still "housing" the cartridges.

So a magazine always feeds the rifle even if a clip is used to feed the magazine.

I take it that the bullets or "cartridges" just snap onto the clip and snap off?

Strangely, you don't get this kind of knowledge from first person shooters.

leo707 says

Superman and Batman follow the law

Yeah, Superman and Batman wouldn't exactly be heroes if they were real. Batman sure wouldn't close down Gitmo; he'd probably be an interrogator there.

I've wonder if the character of Superman would use force to shut down Gitmo given how clearly evil it is, or would we let it stand because he's more lawful than good.

I'd like to here Kevin Smith's analysis on that one.

leo707 says

We have just decided, as a society, to highly reward and legalize unproductive -- even destructive -- behaviors.

Exactly. The warfare industry, the financial industry, and the oil industry are perfect examples of this.

25   Shaman   2013 Sep 16, 9:37am  

leo707 says

FortWayne says

But the point is that it is disheartening to see that there are so many evil individuals in our nation, who promote evil and harm, who thrive upon misery.

There are actually not that many "evil" people, most people are more-or-less good and well meaning. We have just decided, as a society, to highly reward and legalize unproductive -- even destructive -- behaviors. In such an environment even otherwise "good" people will resort to immoral means of making money.

I consider psychopaths to be as close to "evil people" as the definition can apply, and the best estimates given by psychologists place them at a frequency (in the USA) of 1-4%. Even if the lowest number is correct, that's still 3,800,000 evil people in the country. Given that they are drawn to positions of where they can exercise their malevolent power over others, expect the frequency to climb dramatically with the job status. The higher they go, the more they can influence people under them towards immoral, violent, and larcenous acts.

26   leo707   2013 Sep 17, 3:30am  

Dan8267 says

So a magazine always feeds the rifle even if a clip is used to feed the magazine.

Yes, there may be an exception to this, but I can't think of one. The magazine is always the part with the spring that pushes the cartridges into position to be picked up by the gun's action.

Dan8267 says

I take it that the bullets or "cartridges" just snap onto the clip and snap off?

OOooooo...calling the things that get loaded into the gun "bullets" is another gun terminology no-no. The bullet is just the little bit that exits the gun after being fired. The cartridge includes the casing, powder charge, primer and bullet.

Generally speaking the cartridges don't "snap" onto the clip. Clips are more like a rail, that grips the the rim of a cartridge casing, and the rounds are slid into place one on top of another -- and then they are slid off. Moon clips are a little bit different in that casings with an extractor groove above the rim (9mm for example) are "snaped" on to the clip, and the clip is used to keep the rounds in place when loaded into a revolver cylinder.

27   leo707   2013 Sep 17, 3:56am  

Dan8267 says

Batman sure wouldn't close down Gitmo; he'd probably be an interrogator there.

I think that Batman could qualify as an interrogator at Gitmo, but there have been people detained there under questionable circumstances and while Batman would probably used "enhanced" interrogation techniques against more "known" terrorists I doubt he would for the more questionable detainees.

Dan8267 says

I've wonder if the character of Superman would use force to shut down Gitmo given how clearly evil it is, or would we let it stand because he's more lawful than good.

I'd like to here Kevin Smith's analysis on that one.

Yeah, it would be interesting hearing Kevin Smith's take on this.

But I doubt Superman would shut-down Gitmo. For the most part Superman has always been pretty much a stooge for the American Government (Yes, I realized that he did renounce his US citizenship, but that was not because he apposes the US government). Speaking of Batman...this is one of the things that lead to the Batman vs. Superman situation in which Batman defeats Superman.

Superman in general does not violently impose his will on any legitimate and recognized government, regardless of how that government behaves. He has been quite emphatic about if Lex Luthor was to be elected President of the US Superman would not in any way try to remove Luthor from office.

So, yeah he may join a non-violent protest...but clear evil sanctioned by the US government would probably get a pass from Superman.

28   leo707   2013 Sep 17, 4:18am  

Quigley says

I consider psychopaths to be as close to "evil people" as the definition can apply, and the best estimates given by psychologists place them at a frequency (in the USA) of 1-4%.

Yeah, about 1-4ish% seems about right.

When we think of psychopaths we think of serial killers, politicians, bankers, real estate agents and CEOs, but these are just the extremes. Psychopaths are not by definition evil. Not all psychopaths are sadists and not all sadists are psychopaths, and I would say that sadism is a trait that by definition is evil. They just lack compassion and empathy for all other creatures (humans included), and are not bound by "normal" moral constraints. Many (most?) psychopaths never actually do anything too evil -- they just have a greater propensity towards evil than other people. Just like most paranoid schizophrenics are totally harmless, but they have a greater chance of truing into a spree killer than a "normal" person.

Many people who feel compassion, empathy and even love for some sub-set of humans convince themselves to perform regular and prolific, heinous and evil acts towards others who -- for whatever reason: religion, race, sex, age, family, nationality, color of shirt, etc. -- they deem as not deserving of empathy, and/or sub-human.

Quigley says

Given that they are drawn to positions of where they can exercise their malevolent power over others, expect the frequency to climb dramatically with the job status. The higher they go, the more they can influence people under them towards immoral, violent, and larcenous acts.

Yeah, other than it only being psychopaths this seems to be pretty much the case, and over the past 30-40 years we have been changing our system to give these types of people free-reign and huge financial rewards for their behavior.

29   Bubbabeefcake   2013 Sep 17, 5:37am  

Call it Crazy says

What percentage hang out here at Patnet???

...about 2 to 3%

30   Dan8267   2013 Sep 17, 6:43am  

leo707 says

OOooooo...calling the things that get loaded into the gun "bullets" is another gun terminology no-no. The bullet is just the little bit that exits the gun after being fired. The cartridge includes the casing, power charge, primer and bullet.

Good to know. I think I'm clear on cartridge, casing, and bullet. Is it power charge or powder charge? And is that the gun powder? Is the primer a different chemical than gun powder?

31   leo707   2013 Sep 17, 7:24am  

Dan8267 says

Is it power charge or powder charge?

Ooops, yeah it is powder charge. Yes, that is the gun powder.

Dan8267 says

Is the primer a different chemical than gun powder?

Yeah, in modern firearms it is a different chemical. The primer is basically a tiny contact explosive that sparks when struck by the firing pin. This spark then ignites the powder charge.

32   CrazyMan   2013 Sep 18, 3:02pm  

Leo explains the clip/magazine, bullet/cartridge terminology quite well. People that shoot, like myself, generally want to see terms and their use in absolute. There should be no assuming; assuming can be dangerous.

Clips feed magazines, magazines feed the bolt (generally, for all intents and purposes and with regards to anything you'll actually shoot in this day and age).

Most modern weapons skip the clip aspect and just use removable magazines.

The best way to know is to go shooting.

I highly recommend doing so at some point in your life. I've had a dozen friends do so and ALL of them loved it. It's nothing like the press make it to be. It's a wonderful hobby that's good for your blood pressure and a fantastic outlet. As long as you understand what's going on (follow the basic rules of safety and understand basic physics) it's perfectly safe and can be enjoyed by people of all ages.

33   lostand confused   2018 Jan 25, 5:36am  

Yeah in IL, where modest homes have tax bills of 10-25k, one year of job loss or a divorce or sickness can mean you lose your home, while pension freaks travel the world on your misfortune.

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