How The Democrats Caused The Financial Crisis: Starring Bill Clinton’s HUD Secretary Andrew Cuomo And Barack Obama; With Special Guest Appearances By Bill Clinton And Jimmy Carter

Tags

Fannie Mae, Foreclosed Homes, Foreclosure, fraud, Freddie Mac, Government corruption, Government coverups, Housing Crisis, Housing Foreclosures, Housing Scams, Mortgage, Scams, Scandal

This housing mess is the biggest fraud in the history of the United States and something tells me that it is not over yet, i.e., before Obama stepped a foot into the White House.

I remember getting a call from a family member back in 2000 who NEVER worked a day in her life.  She informed me that a real estate agent contacted her and asked her if she wanted to own her own home.  She said yes and the real estate agent said, all you have to do is give me your social security number and it is a done deal.

This woman was calling me to ask me my opinion but did not like the answer when I began to inquire as to how she proposes to pay for the home and to maintain it.

After several heated discussions (why ask if you are not going to like the reply), she decided against purchasing the home.

Then there is another distant family member who purchased a home under the same fraud. This woman worked but her income was limited.

For three or four years running, every time I called this woman, she was on the telephone re-working her mortgage with the bank.

How these people scammed the system, I do not know because it never occurred to me to be so dishonest but by re-working her loan, somehow she ended up with a new car, a new this, a new that and a trainload of debt.

????????????

Who the hell convinced these people that owning a house was a civil right or some crap?  If one cannot afford it, then be mature enough to do without.

Not to mention, now the government wants to buy these homes and rent them out to the former owners.

What this says to me is that these people who thought they were gaming the system have in their willingness to be a party to this fraud (or not), if Obama has his way set themselves up to become permanently enslaved to the government.

Therefore, I ask, who swindled whom here and has it occurred to anyone that the end game being laid out by the Obama administration may have been the plan all along?

Evil I know, but so Progressive.

Obama Accuse Republicans of Blocking Progress in Congress

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GOP, Housing Crisis, Labor unions, obama, Progressivism, Propaganda, Republican Party, Senate, Tax Credit, Tax Increases, UNEMPLOYMENT, Unions

Translation: Obama really wanted to bully billions if not trillions more out of BP for his own agenda but failed fearing that if he came off as too greedy and demanding, he would expose his hand.  So if Obama fails AGAIN, it is not because he is incompetent, experienced and incapable of feigning even the slightest bit of concern and humanity for those he swore to serve, it’s has to be the fault of GWB and Republicans.

More abhorrent than the overplayed lame excuses is the fact that Obama supporters really put their undying faith in their messiah, his mendacity and B.S. rhetoric.

Of course, Obama failed to mention that the $140 billion tax extender and unemployment bill would raise the budget deficit by $79 billion to $80 billion over a decade.

Instead, Obama tells his supporters:

NEWSMAX

” Obama said the stalled Senate bill would extend unemployment benefits to workers without jobs and a tax credit for first-time homebuyers. He also said the legislation would save thousands of jobs across the country.

Unfortunately, the Republican leadership in the Senate won’t even allow this legislation to come up for a vote,’ the president said in his weekly radio and Internet address. ‘And if this obstruction continues, unemployed Americans will see their benefits stop. Teachers and firefighters will lose their jobs. Families will pay more for their first home.

Republicans, Obama said, are hurting the country and the economy by refusing to let the legislation move forward. He said the bill meant to hasten the economy recovery and lift the $75 million oil spill limit deserved a vote.”

Obama also failed to mention that Sen. John Thune, R-S.D. introduced a  Republican version of the bill as an amendment last week that could influence the final legislation. .

WEBCPA

“Thune claimed his amendment is fully paid for, and would reduce the deficit by $55 billion, according to the Congressional Budget Office. His amendment would extend the expiring unemployment provisions until November and extend $32 billion in expired tax provisions that lapsed at the end of 2009, including the tax credit for research and development and the state and local sales tax deduction through the end of the year.

The Thune amendment would drop many of the controversial tax increases, along with $24 billion in aid to states. However, it would also rescind $38 billion in ‘unobligated’ stimulus funds, collect the unpaid taxes of federal employees, freeze federal employees’ salaries and cap their numbers, impose a 5 percent across-the-board cut in government spending for all agencies except Veterans Affairs and the Department of Defense, and create a new deficit-reduction trust fund in which rescinded balances and moneys saved through the amendment would be deposited for the purposes of paying down the federal debt.”

Squatters take over S. Fla. homes in what police call latest fraud in housing crisis

Tags

Foreclosure, Housing Crisis, Housing Foreclosures, Housing Scams, Scams

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Warning to renters: RESEARCH, RESEARCH, RESEARCH.

SUN SENTINEL

“Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you.

It’s happening across Florida and other parts of the country through what authorities say is abuse of a centuries-old concept known as adverse possession.

Dating back to Renaissance England, adverse possession allowed people to take over abandoned cottages and farmland, provided they were willing to live there and pay the taxes. These days, officials say, the legal doctrine is being misused by squatters, trespassers and swindlers to claim ownership of vacant or foreclosed homes.

In Broward and Palm Beach counties alone, adverse possession claims have been filed on some 200 homes in recent months. Three of the four people behind the claims have been arrested, and police are investigating the fourth man, who along with his father, a convicted mobster, tried to take over properties in Hollywood.

‘We look at this as another con job, another get-rich-quick scheme,’ said Don TenBrook, a Broward state prosecutor of economic crimes. ‘You’re starting to see them pop up all over the place. It’s been spawned by the real estate crisis.’

A bill in the Legislature this spring would have helped cut back on the abuses and better protect Florida property owners, but it failed to pass — the result of political retribution, state Rep. Ron Schultz, one of the sponsors, told the Sun Sentinel.

‘We tried to nip this in the bud, but that didn’t quite work,’ said the Republican from Homosassa. ‘This is becoming a fairly wide scam in Florida.’

Antonio Vurro owned an empty rental home in Sunrise that he was trying to sell when he discovered in February that someone had moved in, changed the locks and was trying to open a utility account.

‘There were boxes all over the place and a mattress in each room,’ Vurro said in a recent interview. ‘This is not right. It’s my house.’

The occupant, Fitzroy Ellis, told Vurro he was entitled to take over the home because it was abandoned. Police disagreed, and Ellis, 64, is now in the Broward County Jail charged with six counts of grand theft.

Ellis tried to claim a total of 48 properties in Broward, including a $1 million house in Coral Springs, through a company he formed called Helping Hands Properties Inc., county official records show. He told a Plantation police detective he planned to rent out the houses and condos and could offer tenants a good price ‘since he didn’t have to pay anything for the homes,’ according to a police report.

Ellis, who is representing himself, wrote in court documents that the allegations against him are ‘false and an abuse of power….”

CONTINUE

Adding insult to injury is the Florida’s state legislature who are empowering larcenous thugs through inaction, games and politics.

“The judiciary committee of the Florida Senate warned of the potential abuses of adverse possession last fall. Rep. Schultz, a former property appraiser, introduced legislation to stop them, including requiring all property owners to be notified when a claim is made and preventing non-owners from paying a tax bill until it becomes delinquent.

The bill, co-sponsored by Sen. Paula Dockery, cleared the Senate unanimously but died in the House the last day of the legislative session, April 30.

Schultz said a House leader told him the sponsors were the problem. Dockery, a Republican from Lakeland, was running for governor, but the preferred candidate of the House leadership was Attorney General Bill McCollum, Schultz said.

And Schultz said he angered leaders by voting against their priorities, including bills tying teacher pay to student test scores and requiring pregnant women to get an ultrasound before an abortion.

‘When you are the lone ‘no’ vote among Republicans, you can expect to be noticed, and your bills have a certain aroma,’ Schultz said. ‘I was quite disappointed. It was a general purpose, anti-fraud bill and it didn’t get a hearing.”

Dean Baker: There is No Housing Recovery – Prices to Fall Further

Tags

Housing Crisis, Housing Foreclosures

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YAHOO FINANCE

“…Baker lays out several reasons for his bearish case:

• Programs that lifted the market, including the tax credit for first-time buyers, have expired.
• The Federal Reserve is exiting the mortgage market, which will likely push rates to 5.5% to 6% by the end of the year.
• There’s still an inventory glut and rental rates are falling in many markets, notes Baker, author of ‘False Profits: Recovering from the Bubble Economy.’ He says the rental market doesn’t lie…”

H/t Stop Me Before I Vote Again.

HAMP Funded by TARP riddled with PROBLEMS

Tags

Entitlements, HAMP, Housing Crisis, Housing Foreclosures, obama, Obama Administration, TARP

OBAMAFAIL!!!!

HOUSING PROTESTERS INVADE PRIVATE SF PROPERTY AS POLICE WATCH

Tags

Entitlements, Foreclosure, Homeless, Housing Crisis, Housing Foreclosures

Members of Homes Not Jails hang banners at a privately owned vacant duplex on San Jose Street in the Mission District. Photo: Lacy Atkins / The Chronicle

As they marched, they chanted “Whose city? Our city.”  Talk about a sense of entitlement.

In case some have forgotten, a property owner cannot be forced into donating his property to the homeless, not by forceful entry, use of illegal tactics or otherwise.

Unfortunately, because of those in power, organizations such as Homes Not Jails now feel emboldened and a sense of entitlement that they interpret as the right to ride rough shod over the rest of us.

It is shameful that this group feels that they have the right to invade someone’s private property as they did this past weekend in San Francisco.  Even more shameful is the fact that law enforcement just stood by allowing it to happen.

Regardless of whether the property is vacant or not, it is up to the property owner to do what he or she wants with their property.  No one else can dictate that, no one else should.  Furthermore, property owners should not have to explain their rationing for doing that which he/she is legally entitled. This is the United States of America and homeowners, contrary to the belief of others, have rights too.

SF Chronicle

“A group of homeless people and housing activists took over a privately owned Mission District duplex on Sunday in what served as the climax of a protest designed to promote use of San Francisco’s vacant buildings as shelters for the needy.

But the owner of the property – who was targeted over his eviction of a tenant – said the demonstration was nothing more than breaking and entering.

‘It’s not actually vacant. I use it for my own personal uses,’ Ara Tehlirian of Daly City said in an interview, adding that he was in contact with the San Francisco Police Department. ‘I know nothing other than my property was apparently broken into.’

The takeover epitomized the tensions between property owners and tenant activists that have flared for decades in the city, and sometimes tip into outright hostilities near the peaks and troughs of the market cycle.

This time, more than fifty people marched in the rain through the Mission District, hoisting picket signs that read ‘House keys not handcuffs’ and chanting ‘Whose city? Our city.’ The action was organized by Homes Not Jails, a 20-year-old group affiliated with the San Francisco Tenants Union.

By the time the tail of the procession reached the duplex on the 500 block of San Jose Street, at least eight people were inside, holding banners from second-story windows. It wasn’t clear how they gained entry, and Ted Gullicksen, leader of the tenant organization, declined to provide details.

More than a dozen police officers were on hand, most standing on the sidewalk on the other side of the street. Asked earlier whether they would take action if protesters occupied the property, officers declined to comment. One said, ‘We’ll see….”

CONTINUE

Squatters in a group called Homes Not Jails retrieve food from supporters at a vacant home on San Jose Street on Sunday in San Francisco. Photo: Lacy Atkins / The Chronicle