Joan Adams is living out of a Motel 6 in the suburbs of Orange County, California. She lost her home to foreclosure. Theres no one out there to help, Joan says. Billions of dollars to all the banks for bailouts for something they caused, and yet were the ones that are homeless.
Sign our petition to let Congress know that you support Conyers bill, H.R. 1106. Then, call your Congressional Representative and ask him or her to vote for it.
Petition: http://fightingforourhomes.com
Find your Congressional Representative: https://writerep.house.gov/writerep/welcome.shtml
The banks have had their handouts. Now its time for working homeowners to be put first.
Duration : 0:4:46
Blame the housing …
Blame the housing market burst on the Democrates who allowed people to purchase homes that they could not afford. Life is unfair!
Banks were scamming …
Banks were scamming people since before the recession started. This video is a prime example of that. Visit my channel, it’s chalk full of evidence on how that statement is fact.
@42255nell, buyers …
@42255nell, buyers should be tried for their stupidity and greed.
Well you shouldn’t …
Well you shouldn’t have bought home you could not afford to begin with, people are so stupid to dream beyond their ability to pay. I want a house by the beach to but I’m about to take a giant loan to buy one. I cannot afford and I know it. Banks should be able to foreclose anytime they want, those homes are theirs and they can take them if they want to.
Looks to me like …
Looks to me like theres a whole bunch of people that are getting their just desserts.You had your tongue as far up the systems as you could get it and now it you out…sad.You played the game and got gamed….lol…i always knew it would happen.Next round…pay attention dummy…Are you going to tell me you didnt know that all these politicians youve been voting for for years who engineered this were crooks?…LIAR! You voted for liars and this is what you got for it idiot!!
The brokers, …
The brokers, mortgage lenders, bankers and loan services knew exactly what they did. It’s about money. They should be tried under the RICO act. Homeowners lost and are still loosing. And now the same people who craeted the mess are cleaning it up. Give me a break. The HAMP program is a joke more profitable for investors to foreclose. THey collect on their insurance. Boy people need to wake up. We have been taken for a ride.
A non-partisan …
A non-partisan investment advisor named Bruce Wiseman names five historical factors. He includes CRA but not to ‘blame Carter’. ANYTHING Congress did or was done to suppress Regulatory was done to benefit Banks, not people.
When FDR developed Fannie Mae, that was life support for Big Capitalism by Corporate Welfare, buying frozen mortgages, like TARP and other Fed programs now. Big Corp Capitalism has *always* relied on govt subsidy, gifts, and other intervention. ck Kevin Carson’s blog
$150k into a $460k …
$150k into a $460k home and I’m $150k underwater? How the does that work? Looks like legalized grand theft to me.
The government …
The government doesn’t give a rats about what happens to us. Vote all of these sons of out of office next year REGARDLESS of what party. They dropped the ball twice…once for no oversight of the problems and twice for bailing the banks out only. The “HELP” they are giving us is a bunch of bullshit. No one is holding the banks accountable. Yes people actually buy homes in good faith
The bad decision is …
The bad decision is a two sided affair. The banks essentially “created money” by over-appraising the value of homes…getting people to take on debt that would otherwise be non-existent. If we did this, we would go to prison for embezzlement. Madoff did.
The banks are …
The banks are playing hard ball betting that the homeowners will want to stay in their homes. This is why the loans were structured the way they were….so that the homeowners would walk away from their money. The banks have it both ways on this one. They keep our money and they get backed with our tax dollars!
ohw84me-Until it …
ohw84me-Until it happens to you, then you’ll see how biased the system is and how all of the pieces where already in place by our elected representatives. It’s not about a hand out, it’s about a hand up. What so wrong about that?
They have even …
They have even changed the rules so they can accelerate the foreclosure process. The average wait time is now 30 days to get into the system and up to 6 months to get a final determination. In the meantime you are told NOT to pay, if you do you are OUT! So after 90 days they start to foreclose. And this is the best that Congress can come up with? Even under chapter 13 or 11 I don’t believe you can restructure you primary house loan, basically the average working stiff is screwed.
Jd-Not only that …
Jd-Not only that but in 2004 the bankruptcy laws were changed so that you cannot restructure debt on your primary residence. Congress is being run by the credit card and banking industry. WE need to change the rules in our favor, since the banking industry and auto industry can. The Help for Homeowners program is a joke and needs to be changed so that you account is frozen while you go thru the process. The mortgage company makes no guarantee and proceeds with the foreclosure while you wait.
Juk-What planet are …
Juk-What planet are you from? It depends on MANY factors. It is not all about bad decisions, it is about fairness. Have you seen what is happening in the banking and credit industry? Today it is not too hard to get behind or just try for a loan modification and be slammed with fees and inaccurate information. The Help for Homeowners plan offered is voluntary and takes months meanwhile the banking industry can accelerate the foreclosure process.
i dont understand …
i dont understand why people are complaining about their foreclosures?? arent u responsible for the bad decision? my family owns three homes, all payed off, why is it that people cant even pay for a homes that not even reletively expensive? not trying to be rude or anything, but i just dont understand.
Senators: The …
Senators: The truth hurts don’t it You just keep right on supporting those banks, then notice the 28,000 views of this video. PASS 1106
i would like to …
i would like to kick off on tims ass.
Congress isn’t …
Congress isn’t blind they see whats going on..Hell their to blame signing a piece of paper that can be thrown in the trash means nothing!
“TIM”said he was …
“TIM”said he was made to do things that where wrong…Sounds like a scared coward…Hiding at that..Come into the light Tim…..
This needs to be …
This needs to be passed by the Senate. I am very close to being forced out of my home. I owe 205k and my house was appraised at 72k. I can barely pay this and do not wan’t to lose my house. The financial institution is making jump through hoops which do nothing.
Although most …
Although most people wont agree with my previous post an investment in any field is not guaranteed. Its a slower process and like many people have said in my group of friends its easier. The trip I take can be reclaimed on my income tax return so I suffer no loss from any part of the trip. Airplane ticket,hotel stay,use of convention facilities or business contacts that I take out to eat.
Rose colored …
Rose colored glasses? I make more buying toys and reselling them at 1 convention. For instance me buying 100 toys at 40.00 each and selling at 100.00 each since its the current hot toy line. People need to know how to make investments and not throw in with investment firms like Fannie and Freddie Mac which has done what? Go and buy 3 and 4 houses and get stuck with them and not even break even now trying to sell them before forclosure hits them going on your permanent credit report.
HELP US! PLEASE …
HELP US! PLEASE HELP PUSH THROUGH S.61 NOW…
Helping Families Save Their Homes in Bankruptcy Act of 2009.
Granting bankruptcy judges this authority gives home mortgages on primary residences the same treatment as vacations homes, yachts or investment properties owned by wealthier borrowers. Why should those facing financial crises, whose homes are their most valued asset, be denied relief given to others?
Please support S. 61…NOW!
there is a great …
there is a great lawyer who truly believes in justice for the people and helping people in CA who are victims of EMC Mortgage. I am a victim too, please call himHere again is my contact information:
David Griggs
Canada Ridley, LLP
1120 Metrocrest, Suite 220
Carrollton, TX 75001
214-244-5979 cell
972-416-2500, ext.222 wk
972-417-0685 fax