Donkeys and Elephants and Delegates,oh my!
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The Time Line For Foreclosure Has Changed
foreclosureslam.com — I am constantly looking on the web for foreclosure information which may be available to distressed homeowners. Trying to see if there's actually any help that might be available to a homeowner in (or on the verge of) foreclosure. In doing this I searched youtube recently and did some other blog searches and what I found mostly w
ZakDavid- 133 diggs
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- fiveplusseven, on 03/23/2008, -4/+1Nice
- cashman57, on 03/23/2008, -2/+5A high school classmate purchased a home when he divorced. He met some woman who introduced him to methamphetamine and he ended up losing his house but lived in it for almost a year before the foreclosure process was done and he had to move out.
- ZakDavid, on 03/23/2008, -1/+1That's nuts. I know a few people who have lost homes to support habits. Sad.
- martalli, on 03/24/2008, -1/+1That anecdote is less a story of foreclosure, and more a story of drug abuse. Unfortunately, drug abuse leads to poverty and ill health. Meth and cocaine are short roads to both.
- DeadPlasmaCell, on 03/23/2008, -0/+4Crazy.. hopefully the extra time could help some folks out. Still a crappy situation.
- ZakDavid, on 03/23/2008, -0/+2There's a lot of options these days for people to save their homes. Many people just don't know their choices and can't figure out whats best for them. Banks don't want to own your home. They're in the business of lending, not real estate.
- martalli, on 03/24/2008, -0/+2There had to be some balance in the creditors' favor, however. Extending time for homeowners who essentially cannot afford the house they bought only means that they will live in the house for a few months longer without paying anything. This will soften the banks, and we can already see how a major bank very nearly collapsed last week. Any more major banks collapse, and America will face a spiral similar to the 30's. I know banks practiced predatory lending, but many homeowners were lying on their apps, or simply "flipping houses" - essentially a pyramid scheme built on a fiction of perpetually rising house prices. I don't know where the balance lies between bank and homeowner, but both are hurting.
- sjbdallas, on 03/24/2008, -0/+1Take the info with a grain of salt though. He is not presenting any real facts about how long the process takes, he's presenting his opinion of how the process might be affected by volume. For all we know, they may have taken some of the folks that processing mortgages and shifted them over to foreclosures.
- risoknop, on 03/23/2008, -8/+1Dugg :)
- piske91, on 03/23/2008, -7/+0Dugg :D
- terminalcode, on 07/31/2008, -8/+1dugg
- life38, on 03/23/2008, -0/+3Have an attorney check the current Deed for the name of the authorized party who could take action to foreclose or negotiate a settlement.
If the owner is found and wants to auction the house under foreclosure instead of negotiating with you, you are not prevented from bidding to buy your home for its true value.
http://mynonprofitwebsite.com/blog/2008/01/11/owne ...
Debt Collectors Strangle People With Lies
http://mynonprofitwebsite.com/blog/2008/03/21/emo- ... - jrlcopy, on 03/23/2008, -0/+8I think this website is a spam site but I can't tell.....
The fact that the entire site is built around google adsense and a shopping cart system doesn't help the credibility.- DeskFlyer, on 03/23/2008, -1/+2I'd say it is - http://digg.com/users/ZakDavid/history/submissions
- DeskFlyer, on 03/23/2008, -2/+1If you're looking for help you may want to check this out: http://tinyurl.com/2sdtlz
- valkyries, on 03/24/2008, -1/+2sry i only click on spam that asks for my SSID and CC info
- ZakDavid, on 03/24/2008, -1/+1Apparently providing a ton of useful information is considered spam? Trust me, I don't get anything from that Adsense.
- mderrick15, on 03/24/2008, -0/+0Interesting information...foreclosures are certainly going to continue to grow as we go through 2008...hopefully there will be more time for those people who are really in need. I'm going to try to get a video produced about this...
- ZakDavid, on 03/24/2008, -0/+1mderrick, feel free to contact us at the site if you decide to go through with the video, I'd love to assist in any way I could. Nearly going through a foreclosure nightmare myself is what prompted me to try and get some information out there. I'm lucky to have teamed up with some attorneys who contribute to the site.
- RegalGSX, on 03/24/2008, -0/+0Makes me glad I live in the back seat of my car.
- marklittle, on 03/24/2008, -0/+1If you recently had your home loan forzen (and not in a good way), http://www.helocbasics.com has some useful info on getting another one.
- sjbdallas, on 03/24/2008, -0/+1Some car lenders will let you skip a payment and move it to the end of the loan which extends you by one month but takes you out of being a month behind. I don't understand why that doesn't seem to be an option for home loans. Seems like all they do is maybe give you a little extra time to pay what's owed but if you can't afford 1000 one month, i'm not sure how you can afford 2000 the next.
- GhostyBoy, on 03/24/2008, -0/+2This reminds me of the robber barons in the great depression.
People go broke and the ultra-rich swoop in like vultures to capitalize on the tragedy.
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