Comments on: The Foreclosure Bus Tour http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Sat, 11 Feb 2012 13:14:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Diane http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8155 Diane Fri, 28 Mar 2008 16:11:57 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8155 Only in America.... Only in America….

]]> By: Pamela Leavey http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8144 Pamela Leavey Fri, 28 Mar 2008 06:37:54 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8144 BlueW It's pretty clear from the ads on this page that business is booming in the foreclosure business. Glad to hear you are keeping busy and it's good to see an old Kerry friend here! BlueW

It’s pretty clear from the ads on this page that business is booming in the foreclosure business. Glad to hear you are keeping busy and it’s good to see an old Kerry friend here!

]]> By: Pamela Leavey http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8143 Pamela Leavey Fri, 28 Mar 2008 06:36:26 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8143 Darrell It's really something that they are charging people for these tours. Sad. Darrell

It’s really something that they are charging people for these tours. Sad.

]]> By: BlueWashington http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8137 BlueWashington Fri, 28 Mar 2008 05:32:41 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8137 As someone who works in the title insurance industry, I can tell you that the buying and selling of Real property has been going on since the founding of the Republic. My industry came along when buyers wanted guarantees on the property they were purchasing; after all real estate (a home) is going to be the largest investment most Americans are going to make. Now the seller will buy the purchaser an Owner's Policy [and the buyer will the lender - if there's a deed of trust involved - a Lender's Policy]. Now for the current mess: I'm a busy guy. Why? Because of the deregulation of the real estate industry. 100% financing; Piggyback loans; ARMs with teaser rates; negative amortization; Balloons; Penalty for early payoffs; 1003's that aren't verified, where do I stop? I could go one, but I won't. I will say this - the RE industry needs serious regulation. Anyone who still pushes self-policing of this industry is just plain STUPID. Housing is the backbone of our society; everyone in our country needs shelter. And NOW homeowners/home-buyers have become prey. Something must be done - the situation is screaming for government action. Back to work for me. The latest waive of business for my industry are Trustee Sale Guarantees and Litigation Guarantees (that would be known as foreclosure work to the average lay person). As someone who works in the title insurance industry, I can tell you that the buying and selling of Real property has been going on since the founding of the Republic.
My industry came along when buyers wanted guarantees on the property they were purchasing; after all real estate (a home) is going to be the largest investment most Americans are going to make. Now the seller will buy the purchaser an Owner’s Policy [and the buyer will the lender - if there's a deed of trust involved - a Lender's Policy].

Now for the current mess: I’m a busy guy. Why? Because of the deregulation of the real estate industry. 100% financing; Piggyback loans; ARMs with teaser rates; negative amortization; Balloons; Penalty for early payoffs; 1003′s that aren’t verified, where do I stop? I could go one, but I won’t. I will say this – the RE industry needs serious regulation. Anyone who still pushes self-policing of this industry is just plain STUPID. Housing is the backbone of our society; everyone in our country needs shelter. And NOW homeowners/home-buyers have become prey. Something must be done – the situation is screaming for government action.

Back to work for me. The latest waive of business for my industry are Trustee Sale Guarantees and Litigation Guarantees (that would be known as foreclosure work to the average lay person).

]]> By: Darrell Prows http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8135 Darrell Prows Fri, 28 Mar 2008 03:23:36 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8135 At 3% of the sales price per side, and sometimes even having both sides, the least the R.E. Agents could do is put up free tickets. At 3% of the sales price per side, and sometimes even having both sides, the least the R.E. Agents could do is put up free tickets.

]]> By: myiq2xu http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8119 myiq2xu Thu, 27 Mar 2008 21:58:27 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8119 I live in Central California - ground zero for the RE bubble. "Move out" is often "walk away" when people realize they have no other options. I live in Central California – ground zero for the RE bubble.

“Move out” is often “walk away” when people realize they have no other options.

]]> By: hells kitchen http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8116 hells kitchen Thu, 27 Mar 2008 20:21:21 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8116 This is so sick. At least, from the quote above, the families have moved out and don't have to watch this parade descend on their homes. I know that the resale of the homes are necessary, but there is something of obscene caricature of the normal house buying process. This is so sick. At least, from the quote above, the families have moved out and don’t have to watch this parade descend on their homes.

I know that the resale of the homes are necessary, but there is something of obscene caricature of the normal house buying process.

]]> By: myiq2xu http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/comment-page-1/#comment-8111 myiq2xu Thu, 27 Mar 2008 17:17:59 +0000 http://thedemocraticdaily.com/2008/03/27/the-foreclosure-bus-tour/#comment-8111 It's a great time to buy real estate. Lots of good bargains. If you happen to have any money. Just ask Mr. Potter - he bought Bedford Falls. It’s a great time to buy real estate. Lots of good bargains. If you happen to have any money.

Just ask Mr. Potter – he bought Bedford Falls.

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