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Banks Agree on $26 Billion Foreclosure Pact Deal

Discussion in 'Current Events' started by Party Rooster, Feb 9, 2012.

  1. Party Rooster

    Party Rooster Unleash The Beast

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    http://online.wsj.com/article/SB10001424052970203315804577211620066795962.html
     
  2. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Does this include all the lost fees from MERS?
     
  3. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    Wasn't yours. First you pay for something, then it's yours.
     
  4. Motor Head

    Motor Head HIGHWAY TRASH REMOVAL

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    Exactly. This pile of bricks and sticks I live under won't be MINE for another 20 years.
     
  5. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    This does nothing for responsible adults who paid for their shit, or was responsible and ate the costs involved in selling it below its value.
     
  6. Badfinger

    Badfinger I shot the sheriff

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    Seriously. I paid my mortgage. Where's my $1,500?

    Edit-
    I don't really want their money. But I don't understand what good it will do to give $1,500 to someone who lost their home.
     
  7. lajikal

    lajikal Registered User

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    Yup.
     
  8. LilJimmyRbinson

    LilJimmyRbinson Best muppet ever

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    So if I have a job and pay my mortgage, but my house is worth 30k less than when I bought it, I'm shit out of luck? But someone who lost their house will get cash? A) why is that fair
    B) how does that help
     
  9. ruckstande

    ruckstande Posts mostly from the shitter.

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    It won't, it's for votes.
     
  10. Begbie

    Begbie Wackbag Generalissimo

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    Doesn't do me any good or yeah, anyone that has actually struggled to pay their mortgage throughout this mess. Wait til you read up on the people that have stopped paying their mortgages altogether and have continued to live in their house for well over 1-2+ years and the bank still hasn't gotten around to kicking them out. :icon_eek:

    The wife and I have already talked about moving back to the coast too...and we'd probably do it in a heartbeat but we're about $30K under. We might actually have very little choice if her job sends her out there. But we're literally stuck here until values go up or we come into money to help make up the difference. But that ain't happening any time soon.
     
  11. Von Maestro

    Von Maestro Registered User

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    The person receiving the $1,500 might vote for the person giving it to them...
     
  12. Party Rooster

    Party Rooster Unleash The Beast

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    You know how I hate going all fundamentalist on y'all...:icon_cool

    [​IMG]
     
  13. lajikal

    lajikal Registered User

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    HaHa! Y'alls is gettin' govt/bank handouts!
     
  14. LilJimmyRbinson

    LilJimmyRbinson Best muppet ever

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    I read that part, but Bank of America's website doesn't have any info on a plan like that. All they ahve is mods if you can't afford the mortgage you have.
    I don't meet those criteria, my house is just worth less than when I bought it.
     
  15. Party Rooster

    Party Rooster Unleash The Beast

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    I think that's the old loan modification program.
     

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