Article

2013-08-11 Economy

Maryland Made Forecloseure Slower, so Here Comes the Second Wave

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Posted by Bobby 2013-08-11 08:58|| || Front Page|| [4 views ] Top

#1 Just remind everyone that every foreclosure someone loses a house they couldn't afford, but it's normally bought by someone who can!

Posted by Bright Pebbles 2013-08-11 09:54|| 2013-08-11 09:54|| Front Page Top

#2 it's normally bought by someone who can
Not really. Housing is too darn expensive in general (even in Detroit) and that is part of the housing bubble. By old-time financing standards, very few would now qualify for home mortgages. One would think housing prices would plunge to affordable levels, but noooo-- the Feds have been intervening massively to support this whole corrupt and damaging process.
Yes maybe slow court proceedings may be aggravating the situation in Maryland - this is entirely under the control of the state legislator, who fund the courts. They have apparently decided on the go-slow approach (which also supports the housing bubble).

Posted by Anguper Hupomosing9418 2013-08-11 10:16|| 2013-08-11 10:16|| Front Page Top

#3 The givernments have been fighting so hard to keep the values up because locals tied their tax revenue to housing values. This is just another land mine for the next administration to deal with. Add obamacare, higher taxes and a 18 trillion dollar debt, part time employment and you have a few other mines to avoid while digging out. Regardless what the MSM says things will get worse before they get better. And things may never be the same again as we settle to the new normal.

Posted by Airandee 2013-08-11 15:18|| 2013-08-11 15:18|| Front Page Top

#4 I'm reminded of the comment that"You never really end a mortgage, it's extended forever", when I paid off my mortgage they wanted me to continue paying, even going so far as to call me in, and dun me for a debt THAT WAS NOT MINE trying to "Guilty" Me into paying.

The problem was, that I had kept records, and they coldn't shake me.

They're out of business now.

but I'm reminded they LIE and steal.

So now I don't use mortgage companies, if I can't buy it, I either wait, or don't buy it.

It's slow, but I'm debt free, (Not that it makes any difference to the Telephone you "debt companies" YOU OWE AND PAY NOW)

No I don't, and you're thieves.

Posted by Redneck Jim 2013-08-11 23:04|| 2013-08-11 23:04|| Front Page Top

23:13 Redneck Jim
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