Comments on: Crackdown! Is The Massive Wave Of Strategic Defaults About To Come To A Screeching Halt?

By: xyloman

xyloman — Wed, 28 Jul 2010 12:33:40 +0000

401K’s ??? That’s long gone. Thank god I cashed that dump in.

I often hear that really funny commercial in my head … it goes …
‘time to make the donuts!’ (dunkin’ donuts I believe)

So how about … ‘time to build the prisons.’

Thats would be for you and I.

By: bro43

bro43 — Wed, 14 Jul 2010 20:30:16 +0000

The key to real change will be in the American (dis)belief in government. Government is a consumer of resources only, never creating any product or enhancing the citizens quality of life. Our trust, or worse empathy, wrt government is what is ailing us.

By: bro43

bro43 — Wed, 14 Jul 2010 20:25:09 +0000

Davco, protectionism will do nothing to create jobs. Slash the federal workforce by 95% by eliminating all unconstitutional government agencies, repeal all income taxes, eliminate welfare, ss, medicare, etc, stop meddling all over the world, repeal legal tender laws, reinstitute constitutionally mandated coinage, repeal minimum wage laws and start producing again. It’s really that simple, oh wait a minute it really doesn’t sound as simple as we would like to think.

By: DUDE

DUDE — Mon, 12 Jul 2010 21:33:04 +0000

O AND JUST REMEMBER YOUR 401KS GONE OVER NIGHT ALL THE NEW BANKING REFORM THAT MY MONEY THE TRUE AMERICANS MONEY AND UNCULE SAM WILL GET IT BACK FOR US TRUST ME

By: DUDE

DUDE — Mon, 12 Jul 2010 21:23:49 +0000

YOU PEPOLE DONT GET IT DO YOU THE GOVT OWNS FREDDY AND FRANY AND NOW YOU OWE US THE PEPOLE AND THE GOVT AND THEY WILL COME FOR YOU AND THEY WILL ATT YOUR WAGES AT YOUR JOBS AND NOW U ARE ON THE HOOK AND HAVE NO RIGHT CAUSE U SPENT AND BORROWED MORE THAN U COULD EVER PAY BACK AND THEN JUST WALK AWAY O AND I TRYED TO DUMBE DOWN MY SPELLING FOR USSES THAT DONT GET IT NO MATTER WEAR U GO UR ON THE HOOK THANKS FOR BEING SUCMBAGS

By: GovKilledRE

GovKilledRE — Mon, 05 Jul 2010 21:21:46 +0000

Jim: good point. if you’ve already paid the taxes on the forgiven debt, then how can they create yet another mortgage to sue you over?

By: GovKilledRE

GovKilledRE — Mon, 05 Jul 2010 21:18:04 +0000

there is a time limit to most deficiency judgements, then theres the statute of limitations.

this is a bluff. it will cost them more to prosecute and they will be trying to get blood from a turnip.

By: GovKilledRE

GovKilledRE — Mon, 05 Jul 2010 21:15:33 +0000

how exactly do they determine ‘strategic defaults’? so, i guess you might as well default EVERYTHING then.

really stupid system we live in.

put a fork in it. it’s done.

By: GovKilledRE

GovKilledRE — Mon, 05 Jul 2010 21:06:16 +0000

ahh, leave it to government to deliver the KILLING BLOW to the real estate market.

what little motivation there was to buy a home is now GONE. not to mention most people reading this will pull their capitaal out of the system, eliminate vulnerabilites to being sued, pull their money out of stocks and retirement funds, and bring down wall street at the same time!

thanks fannie!

By: JT

JT — Sun, 04 Jul 2010 22:40:03 +0000

Tick, tick, tick, tick…. BOOM!!!!!!!! goes the real estate market. Let’s just hope it is over with within a few years and we can get back to some stability.