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russiangambit (29.90)

This is just bizzare

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October 08, 2010 – Comments (12)

This is just bizzare - I read it on CNN. A woman in Florida is behind on her payments 3-4 months and the bank sends somebody to change the locks without actually starting the foreclosure and the woman thinks it is a home intrusion and calls teh police

 http://news.blogs.cnn.com/2010/10/08/bank-breaks-into-home-over-mortgage-payments/?hpt=T2

The owner - the woman repeteadly refers to the house as "my house". Sorry, lady. It is not your house. The house belongs to the bank and if you are late on your payment  you can expect all kinds of harrassment. what did she expect? Continue living there comfortably rent free for the next 2 years? Stop playing a vicitm, take responsibility for your actions.

The contractor -  did they ever hear of knocking before entering the house? Especially, if the house looks occupied.

The bank (Chase) -  why change the locks if you ahven't started on foreclosure. This is just asking for trouble.

There is so much incompetence all around from all the actors, it is surreal to me. Is the society disintegrating or what? It is clear that big banks completely lost conotrl of what is going on with foreclosures. We keep hearing strange stories every day - missing paperwork, foreclosing ona wrong home and so on.

12 Comments – Post Your Own

#1) On October 08, 2010 at 12:15 PM, AvianFlu (48.35) wrote:

Florida is a lien theory state. That means that the homeowner retains the title to the house and the bank simply has a lien against it.  I'm not a lawyer, but I'm thinking the homeowner could have called the police and had the trespassers arrested.

Some states are title theory states. In those states the lender keeps the title to the house until you pay them back, at which point they give you the title. This is kind of like the way it works with cars.

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#2) On October 08, 2010 at 12:30 PM, RonChapmanJr (98.42) wrote:

Been talking about this on zerohedge for a couple of days now -

http://www.zerohedge.com/article/out-control-listen-terrifying-911-call-thugs-hired-jpmorgan-chase-breaking-down-door

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#3) On October 08, 2010 at 12:30 PM, brickcityman (< 20) wrote:

This to me brings up an even more interesting question...  In my state I am allowed to shoot people who are attempting to enter my home against my will.

 

So if I were to kill some unwitting contractor, from inside a home that I was behind in payments on, would I still be immune from prosecution?  Would the bank be at all to blame by not properly serving notice in the first place?

 

Something tells me that should these sorts of things continue to happen we will soon find out an answer to these questions.

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#4) On October 08, 2010 at 1:30 PM, EPS100Momentum (71.72) wrote:

That would never happen in Russia because there they would just send you to Siberia if you didn't pay your loan. That is if you ever could get alone. Loans are hard to come by for regular folks in Russia.

 

USA still the BEST place to LIVE.

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#5) On October 08, 2010 at 1:32 PM, NDimensionalDino (98.61) wrote:

Truth to tell, nobody owns their own home.  Not even if it was paid off a hundred years ago.  When you quit paying taxes on your home, you are evicted (and quite quickly too).  You lose the house and it is "sold" to somebody else.  Somebody else who also must pay up every year or he will lose it too.

 There is essentially very little difference between an owner and a renter.  If either quit paying, they're kicked off the property.  If either refuses to leave, coercion always escalates to violence until you leave or die.

 Think you have more say in what you do with your property than a renter?  You need a variance, permit, or some other Govt. go ahead before doing nearly anything with it - nearly the same as for a renter.  Once again, all evidence indicates that the individual is NOT the owner.  The "state" is the owner and we just pay rent for the right to say we "own" it.  The money we spend to buy a home is really just money spent for the privilege  of renting it.  What we call "renters" are really just sub-leasing.

The terms "owner" and "renter" are really designed to hide these facts to make you and I more docile and accepting of our actual status.  It's one of the oldest tricks in the book - you can collect rent from people without ever calling them renters.  You can also plunder people without ever calling them serfs.  And you can enslave people without ever calling them slaves.  Don't call it plunder or tribute; call it taxes.  Don't call them serfs or peons; call them citizens. Don't call them slaves or servants; call them workers.  Call them whatever they'll accept as long as you get what you want from them with a minimum of force, coersion, or violence.

I've ticked off more than one person by pointing this out.  I hope readers here are more accepting of truth than elsewhere.

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#6) On October 08, 2010 at 1:35 PM, starbucks4ever (99.53) wrote:

EPS100Momentum,

Why don't you tell us about polar bears walking on the streets of Moscow? 

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#7) On October 08, 2010 at 1:44 PM, ikkyu2 (99.52) wrote:

Not strictly true, Dino; there are a few jurisdictions in Nevada which have some landowners who were permitted to acquire "allodial title."  However, these jurisdictions do not recognize/permit new claims of allodial title, nor are the allodial titles transferable; it was a brief experiment, interesting to folks who are interested in the things you're talking about.

Most people have 'fee simple' ownership of land.  That means the gov can indeed come take it away from you if you don't pay your property tax.  A few folks from history have commented insightfully on this state of affairs.  Jesus, the Christ, was quoted as saying "Render unto Caesar what is Caesar's."  Milton, in Paradise Lost, had one of his fallen angels say, "There is nothing either good or bad, but thinking makes it so."

It is what it is.  The particularly amusing thing about Americans is that we are all kings and queens in our own minds.  Come onto my land?  I'll execute you by my lordly right!  There is no particular reason to assume that every American citizen ranks equal to the King of a European country, but boy, people sure are feeling that entitlement, aren't they.

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#8) On October 08, 2010 at 1:46 PM, BearishKW (< 20) wrote:

#4) On October 08, 2010 at 1:30 PM, EPS100Momentum (70.71) wrote:

That would never happen in Russia because there they would just send you to Siberia if you didn't pay your loan. That is if you ever could get alone. Loans are hard to come by for regular folks in Russia.

 

USA still the BEST place to LIVE.

 

 

-------------------------------------------------------

 

Agreed!  But hopefully America will now take a page from the rest of the planet and realize that home ownership is not a right, but a privelage.

It SHOULD be difficult to get a loan.  Those who bought homes with nothing in reserve and no way to pay the mortgage once the 5/1 ARM came due are more guilty than the banks that sold it to them.

And as far as taxes on your properties and "never truly owning the home"...I've never heard such nonsense in my life, that sounds like a simple argument that a child would make.

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#9) On October 08, 2010 at 3:02 PM, EPS100Momentum (71.72) wrote:

NDimensionalDino actually you can own a cabin in the woods somewhere where you get no basic services like Police, Fireman, School, and Mail delivery.

 

You would not be paying taxes and own ur cabin outright until the government finds out you built on federal land and kicks u off which could take years to be discovered.

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#10) On October 08, 2010 at 3:57 PM, russiangambit (29.90) wrote:

> That would never happen in Russia because there they would just send you to Siberia if you didn't pay your loan. That is if you ever could get alone. Loans are hard to come by for regular folks in Russia.

Yes, it would never happen because most transactions are cash only. Mortgage loans are are 20% interest rates. What happens if you are unable to pay  - I really don't know. Most likely you'll just sell at a profit.  Moscow has a huge real estate bubble.  

But I would guess people wouldn't be surprised is someone crashed their front door the day they stopped paying their mortgage.

Of course, law protection afforded to US citizens is great, but the abuse of it like in this example by this woman is ridiculous. And then she plays a vicimt? I can't even wrap my mind around  it.

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#11) On October 08, 2010 at 4:49 PM, Option1307 (30.43) wrote:

There is so much incompetence all around from all the actors, it is surreal to me.

Me too, time for a beer! :)

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#12) On October 08, 2010 at 4:49 PM, alberta911 (76.52) wrote:

there is always 2 sides of every story and the truth is somewhere in the middle.

Since Orange County Sheriff's Dept. has not pressed charges perhaps that is where the middle ground can be found. Utilites are all paid but she has not paid her mortgage for months...but has found time to retain a lawyer

 

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