The foreclosure freeze... and the severe side affects
invite response
2010 Oct 8, 6:28am 1,922 views 4 comments
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2
cevansnh
2010 Oct 8, 6:49am
Opps, sorry!
Hey! I take offense. I have been called ‘Big O’ since 1980 or so. Foul!
4
bob2356
2010 Oct 14, 3:16am
Did I miss something in the news. The banks stopped their foreclosures themselves because they got caught diddling the paperwork. Now the STATES ag's are getting into the act. What does the Fed or Treasury Dept. or the big "O" have to do with it? WTF are you talking about?
Thanks to Big O and his meddling Treasury Dept and Fed stopping virtually all foreclosures now it's much harder to find a home at reasonable prices and hundreds of thousands of contracts to buy foreclosed homes have been put on hold (damaging peoples' ability to move, take jobs, buy appliances, etc. with near 1 in 3 sales a foreclosure) ... and as an additional impact lenders see that the government can capriciously change mortgage contracts and they now will not lend money on mortgages short of 30-40% down payment.
So Big O and his boys, Barney and Chris, have put the final nail in the coffin of homeownership.
Thanks guys... we needed that.
#housing