Virginia: A great place for criminals to do business

[Screw_Michigan]

While the rest of America realizes the outright fraud and crime occuring in the foreclosure crisis and takes steps to protect homeowners, what does Virginia do? Aids and abetts criminals. Two fucking weeks notice before getting foreclosed? And not even through a judicial process? What a fucking disgrace. Gov. McDonnell and AG Cuccinelli should be strung up by their fucking balls before being shot in the fucking face.

VA: A great place for criminals to do business. I'll take up residence at DC General before I ever become a resident of the Commonwealth. Fuck you, Virginia. You fucking suck.

http://www.washingtonpost.com/wp-dyn/co ... id=topnews

Virginia puts homeowners on fast track to foreclosure

Since the meltdown in the housing market began more than three years ago, Maryland and the District have changed their foreclosure laws to give borrowers greater protection. Virginia has moved in the opposite direction.

Last year, the state legislature overwhelmingly passed a law making it easier for lenders to defend themselves when accused of giving homeowners too little warning of impending foreclosures.

The process moves so quickly in Virginia - one of the fastest states in the nation - that homeowners can receive less than two weeks' notice that their house is about to be sold on the courthouse steps.

That confronts homeowners with an almost impossible deadline. To get a court to stop the sale in that narrow window, they must gather evidence, file a lawsuit and potentially post a bond with the court that could total thousands of dollars. Instead of trying to find a lawyer and prepare a suit, many borrowers run out the clock trying to deal with their lender.

At a time when lenders have been cutting corners and using phony documents to seize huge numbers of houses, the hurdles can be insurmountable, according to lawyers, consumer advocates and borrowers who have tried to save their homes.

"There's no question that people are losing their homes when they should not be," said James W. "Jay" Speer, executive director of the Virginia Poverty Law Center, which is part of a legal-aid network.

In many states, homeowners facing foreclosure automatically get a day in court, a chance to tell a judge why they should keep their homes. The judicial process provides at least a modest check on error and abuse.

But in Virginia and 28 other states, as well as the District, according to the RealtyTrac foreclosure information service, borrowers have no such luck. They face "nonjudicial" foreclosure processes, meaning lenders can foreclose without going through the courts.

[Sirfindafold]

Here in CA, deadbeats can stay in their homes for over a year without paying a dime. In many instance the tenant is paid money to get the fuck out.

1.) Don't buy a house you can't afford.
2.) Pay your bills motherfucker.

[H4ever]

It's pretty simple really....pay your fucking mortgage, as you agreed when you entered the contract, or get foreclosed upon.


I see your point where it isn't right to expedite foreclosure in tough economic times, though. Every family goes through tough times once in awhile (especially young families) and it isn't right to pull the rug out from under them for it. This is especially true if the homeowners have had good payment history.

These kind of laws are NOT good for the state's economy. What primary homebuyer in their right mind would want to move to a state where the normal things in life (occasional financial hardship) could result in the loss of the biggest investment of their lives?

This will come back to bite Virginia in the ass a few years down the road. When the state is full of illegal Messicans stacking 4 families in a single home, they will regret it.

Think about it.....the banks and investors will need to dump these homes they picked up thanks to fucked up foreclosure laws. They will sell them to the aforementioned illegals and when theres 3 F-150 pickups in the front yards of formerly nice neighborhoods and people are butchering hogs on the front porch, the laws will be changed .

"Virginia is for lovers"??? "Virginia is for bankers"

[Shlomart Ben Yisrael]

This will come back to bite Virginia in the ass a few years down the road. When the state is full of illegal Messicans stacking 4 families in a single home, they will regret it.

Think about it.....the banks and investors will need to dump these homes they picked up thanks to fucked up foreclosure laws. They will sell them to the aforementioned illegals and when theres 3 F-150 pickups in the front yards of formerly nice neighborhoods and people are butchering hogs on the front porch, the laws will be changed .

You know, usually things have to get really bad for a citizenry to lose their minds and spin a racial angle on dire economic circumstances (Nazi Germany)...

...but you American leap on that nugget of specious argument like RumpleWife leaps on a Black Forest cake.
At the drop of a hat and with no ramp-up.

[H4ever]

This will come back to bite Virginia in the ass a few years down the road. When the state is full of illegal Messicans stacking 4 families in a single home, they will regret it.

Think about it.....the banks and investors will need to dump these homes they picked up thanks to fucked up foreclosure laws. They will sell them to the aforementioned illegals and when theres 3 F-150 pickups in the front yards of formerly nice neighborhoods and people are butchering hogs on the front porch, the laws will be changed .

You know, usually things have to get really bad for a citizenry to lose their minds and spin a racial angle on dire economic circumstances (Nazi Germany)...

...but you American leap on that nugget of specious argument like RumpleWife leaps on a Black Forest cake.
At the drop of a hat and with no ramp-up.

Racist? Do you deny they have a habit of parking vehicles in their front yards, butchering livestock on the porch, living 3 families to a house, and otherwise deny they cling to their culture rather than try to assimilate? That they are exploited for their cheap labor, take American jobs illegaly, and depress American wages across the board?

Should anarchy ever come due to economic collapse, these folks will yearn to be a Jew in Nazi Germany. They will be victimized and blamed by Americans across the country. Said Americans will include Blacks, Whites, Asians, and Hispanics who are citizens.

[Screw_Michigan]

Here in CA, deadbeats can stay in their homes for over a year without paying a dime. In many instance the tenant is paid money to get the fuck out.

1.) Don't buy a house you can't afford.
2.) Pay your bills motherfucker.

People with perfect payment histories are being served foreclosure notices because of the irresponsibility of the banks and the outright FRAUD F-R-A-U-D they are perpetrating. It is unconscionable banks could take possession of a home without a court order and with only two weeks turnaround time.

You Republicans make me fucking sick. I wouldn't piss on you if you were on fucking fire.

[Screw_Michigan]

It's pretty simple really....pay your fucking mortgage, as you agreed when you entered the contract, or get foreclosed upon.


I see your point where it isn't right to expedite foreclosure in tough economic times, though. Every family goes through tough times once in awhile (especially young families) and it isn't right to pull the rug out from under them for it. This is especially true if the homeowners have had good payment history.

These kind of laws are NOT good for the state's economy. What primary homebuyer in their right mind would want to move to a state where the normal things in life (occasional financial hardship) could result in the loss of the biggest investment of their lives?

This will come back to bite Virginia in the ass a few years down the road. When the state is full of illegal Messicans stacking 4 families in a single home, they will regret it.

Think about it.....the banks and investors will need to dump these homes they picked up thanks to fucked up foreclosure laws. They will sell them to the aforementioned illegals and when theres 3 F-150 pickups in the front yards of formerly nice neighborhoods and people are butchering hogs on the front porch, the laws will be changed .

"Virginia is for lovers"??? "Virginia is for bankers"

You are one dyslexic motherfucker.

[Shlomart Ben Yisrael]

Find the weakest element of a society and unload your blame.


Textbook.

[Sirfindafold]

1.) Don't buy a house you can't afford.

People with perfect payment histories are being served foreclosure notices because of the irresponsibility of the banks and the outright FRAUD F-R-A-U-D they are perpetrating. It is unconscionable banks could take possession of a home without a court order and with only two weeks turnaround time.

You Republicans make me fucking sick. I wouldn't piss on you if you were on fucking fire.

If I was Republican, I wouldn't want you to. Go fuck yourself liberal.

[H4ever]

It's pretty simple really....pay your fucking mortgage, as you agreed when you entered the contract, or get foreclosed upon.


I see your point where it isn't right to expedite foreclosure in tough economic times, though. Every family goes through tough times once in awhile (especially young families) and it isn't right to pull the rug out from under them for it. This is especially true if the homeowners have had good payment history.

These kind of laws are NOT good for the state's economy. What primary homebuyer in their right mind would want to move to a state where the normal things in life (occasional financial hardship) could result in the loss of the biggest investment of their lives?

This will come back to bite Virginia in the ass a few years down the road. When the state is full of illegal Messicans stacking 4 families in a single home, they will regret it.

Think about it.....the banks and investors will need to dump these homes they picked up thanks to fucked up foreclosure laws. They will sell them to the aforementioned illegals and when theres 3 F-150 pickups in the front yards of formerly nice neighborhoods and people are butchering hogs on the front porch, the laws will be changed .

"Virginia is for lovers"??? "Virginia is for bankers"

You are one dyslexic motherfucker.

huh? Well you have ADHD! Brilliant!

[War Wagon]

Do you deny they have a habit of parking vehicles in their front yards, butchering livestock on the porch, living 3 families to a house, and otherwise deny they cling to their culture rather than try to assimilate? That they are exploited for their cheap labor, take American jobs illegaly, and depress American wages across the board?

The hispanic family who moved in next door to me a few years ago are good neighbors. Dude takes care of his yard and has helped me on more than one occasion clearing brush. The only butchering Armando does on his back deck is on a Grill Master and that guy can bbq with the best of them. I haven't once seen a vehicle parked anywhere other than his driveway.

I don't know if he's a U.S. citizen or not, but rather than taking jobs he provides them as he owns/operates a drywall company. He must be pretty good at it as he's living the American dream, every bit of which he has earned.

In short, you are one ignorant asshole.

[Screw_Michigan]

2. The notion banks perpetuated fraud on the buyers is incorrect. The buyers looked at the low rates on the ARMs and chose that option. There was nothing that made them do it. They also typically didn't put much money down - it sure as hell wasn't the 20% that conventional 15/20/30 terms required. The banks are to blame for giving away loans like they were holiday calendars and for horrible risk management - that's were the anger should be directed.

Perpetuated fraud? They are perpetuatING fraud as we speak. We've already been through this already: Banks are trying to push through (the courts, if owners are lucky) forclosures without being able to provide the promissory note or prove they actually have a right to take the property. They show up and say "well, we don't feel the need to be responsible for the paperwork, but these guys are deadbeats, so we deserve the property."

Fuck you.

[Screw_Michigan]

Yes, the bottom line is this: Banks are trying to absolve themselves of the responsibility for having their shit in order. Now they are trying to cry foul and deadbeats. Case fucking closed.

[War Wagon]

I don't believe for a second that banks are willfully foreclosing on people who are current on payments. It may very well be though that they don't have a good paper trail as mortgages were/are routinely sold.

I refinanced my home in 2004, can't remember the name of the company, but within 2 months the note had been sold to Countrywide. Then when they went under, BOA took over. It's possible they don't have all the supporting documentation, ie; the papers I signed.

That may be the case for many homeowners who are facing foreclosure. There's really no doubt that they are behind on payments.

[H4ever]

Do you deny they have a habit of parking vehicles in their front yards, butchering livestock on the porch, living 3 families to a house, and otherwise deny they cling to their culture rather than try to assimilate? That they are exploited for their cheap labor, take American jobs illegaly, and depress American wages across the board?

The hispanic family who moved in next door to me a few years ago are good neighbors. Dude takes care of his yard and has helped me on more than one occasion clearing brush. The only butchering Armando does on his back deck is on a Grill Master and that guy can bbq with the best of them. I haven't once seen a vehicle parked anywhere other than his driveway.

I don't know if he's a U.S. citizen or not, but rather than taking jobs he provides them as he owns/operates a drywall company. He must be pretty good at it as he's living the American dream, every bit of which he has earned.

In short, you are one ignorant asshole.

I have Hispanics in my family, fuckface. None are illegal and none park in front yards nor do they butcher livestock on the deck. Most of said Hispanics DESPISE illegal aliens and the shit they do because of the stigma it creates for Americans with bown skin.

But, great point on how Armando, your neighbor, totally invalidates and makes up for the millions of illegals who DO park in their yards, butcher livestock in plain view of their neighbors' children, and otherwise act like the third-world ingrates they are and...oh by the way....commit a crime with each successive step they take on American soil due to their illegal status.

YOU, my hillbilly friend, ARE an ignorant asshole. Prolly why you dared to compare MIzzou fan to Husker fan. Keep kicking your own ass...it's entertaining.

[H4ever]

I don't believe for a second that banks are willfully foreclosing on people who are current on payments. It may very well be though that they don't have a good paper trail as mortgages were/are routinely sold.

I refinanced my home in 2004, can't remember the name of the company, but within 2 months the note had been sold to Countrywide. Then when they went under, BOA took over. It's possible they don't have all the supporting documentation, ie; the papers I signed.

That may be the case for many homeowners who are facing foreclosure. There's really no doubt that they are behind on payments.

If the bank doesn't have the original contract (very common due to all the shady lender activity and shifting of loans) then then all the buyer about to be foreclosed upon has to say is, "Show me the the papers" and then they can camp out mortgage free for months, if not years, while the foreclosure is tied up in the legal process while others scramble and search for the papers.

Is that right? No, it's not. People basically squat in property and make no payments because they know they will eventually have to move even if it takes months and years. In the meantime, if they were smart, they would stack up some cash.

[Screw_Michigan]

So they sped up the foreclosure procedure, it's about time.

You can't evict anyone without a court order. Why should a foreclosure be any different? If anything, it should be held to a higher standard.

Screen your tenants better next time, too. Or else invest in your property or don't invest in a shit neighborhood or sell before the hood goes to shit.

[War Wagon]

But, great point on how Armando, your neighbor, totally invalidates and makes up for the millions of illegals who DO park in their yards...

Millions of illegals parking in their yards, oh the humanity.

Stereotype or exaggerate much?

[Derron]

But, great point on how Armando, your neighbor, totally invalidates and makes up for the millions of illegals who DO park in their yards...

Millions of illegals parking in their yards, oh the humanity.

Stereotype or exaggerate much?

Contrary to what you see in your area, Flyover Shithole Kansas, this is seen quite a bit. Messicans routinely violate laws regarding:

Walling their garages in so they can rent it out to more of their illegal amigos to live in, and then parking more rigs on the yard. Not all F -150's, but a fair amount of Escalades,Navigators and other spic rigs with bling wheels on them too. This one duplex in town has over 8 vehicles parked in the drive, street, and yard, and the garage is all finished off. See it ever fucking day. And paint their houses fucking aqua green and tell the city to go fuck themselves for code violations..

Came back late from a concert this spring....lights blazing in the of this house just off the highway..they have a mother fucking hog carcass hanging from the patio rafters cutting it up. I am not making this shit up Wags, it goes on in every hood, well except yours cause maybe the spics got more sense than to live in Flyover Shithole, Kansas. Hell they even shoplift at the charity stores in town. Got that from a cop who busted more than a couple of the year.

Stereo type or exaggeration ? Not the way most of us see it..pretty much spot on.

[mvscal]

You Republicans make me fucking sick. I wouldn't piss on you if you were on fucking fire.

It's got nothing to do with Republicans, you brainless shit eating douche. I posted on this topic over a month ago. You were there, too, but either you were too fucking stupid to pick up on the ramifications or your head was sheathed in your colon....probably both.

Oh, guess which candidate had, by far, the largest donations from the financial sector in '08? Take your time, dumbfuck.

[mvscal]

Most of said Hispanics DESPISE illegal aliens and the shit they do

Yep. I believe my contempt in on record. Of course, not all Hispanics have "brown skin" or give a flying fuck about any stigma their actions attach to their color.

Most of us DESPISE them because our ancestors emigrated from fucked up shitholes like Mexico due to them being fucked up shitholes and now we see these ignorant scumfucking peons flooding in doing their level best to turn this country into a fucked up shithole.

[mvscal]

2. The notion banks perpetuated fraud on the buyers is incorrect.

Guess again.

[mvscal]

You need to have predatory lending practices outlined for you? Were you somehow unaware that scumbag loan officers were lying through teeth to stupid borrowers about their ability to pay these mortgages?

I guess it's fairly easy to get lost in all the multiple layers of fraud and criminality of these mortgage lenders. They ripped off the borrowers. They ripped off each other. They ripped off the taxpayers.

In any sane society, these pieces of shit would have been stuffed into potato sacks and tossed off the roofs of their high rise offices.

[Mace]

But, great point on how Armando, your neighbor, totally invalidates and makes up for the millions of illegals who DO park in their yards, butcher livestock in plain view of their neighbors' children, and otherwise act like the third-world ingrates they are and...oh by the way....commit a crime with each successive step they take on American soil due to their illegal status.

Sounds to me like they're doing their best to assimilate into Nebraska culture.

[smackaholic]

You need to have predatory lending practices outlined for you? Were you somehow unaware that scumbag loan officers were lying through teeth to stupid borrowers about their ability to pay these mortgages?

I guess it's fairly easy to get lost in all the multiple layers of fraud and criminality of these mortgage lenders. They ripped off the borrowers. They ripped off each other. They ripped off the taxpayers.

In any sane society, these pieces of shit would have been stuffed into potato sacks and tossed off the roofs of their high rise offices.

not sure that taking advantage of stupid people is criminal. If it is, there are countless salesmen that need to be put away.

[mvscal]

Were you somehow unaware that scumbag loan officers were lying through teeth to stupid borrowers about their ability to pay these mortgages?

I just wanted to hear what you specifically call fraud?

Knowingly and intentionally jamming people into loans they can't afford is fraud. Securitizing these shit loans into bundles and selling them resulted in more fraud. Assigning mortgages without proper transfer of titles resulted in yet more fraud and perjury. You need to go buy yourself a clue and do a little (OK, a lot) of research on your own before you start popping off on the topic.

Yes, I support personal responsibility but in this instance the damage has been done by unethical business practices not a lack of personal responsibilty.

[mvscal]

So I guess you'd agree that far more regulation of the industry would have been a good idea.

Yeah, I think it would have been a pretty good idea to regulate default swaps like any other type insurance.

[Screw_Michigan]

It's got nothing to do with Republicans, you brainless shit eating douche. I posted on this topic over a month ago. You were there, too, but either you were too fucking stupid to pick up on the ramifications or your head was sheathed in your colon....probably both.

Glad to see you're non-partisan. I would like the bank defenders to discuss why it should be easier to get foreclosed on than get evicted from an apartment. Christ. It takes a court order to get evicted from an apartment, but banks can just show up and claim (outside of court) DEATBEATS and claim to own possession. But then you can get booted from your mortgage-backed home in two weeks for shitty paperwork.

Fuck you all.

[R-Jack]

In short, you are one ignorant asshole.

YOU, my hillbilly friend, ARE an ignorant asshole.

Keep kicking your own ass...it's entertaining.

[poptart]

jamming people into loans they can't afford is fraud

Jamming people?

The borrower had to read the paperwork and sign on the dotted line, yes?


On this particular point, I think you are somehow overlooking personal responsibility.

On other points you've made, I agree.

[BSmack]

jamming people into loans they can't afford is fraud

Jamming people? The borrower had to read the paperwork and sign on the dotted line, yes? On this particular point, I think you are somehow overlooking personal responsibility. On other points you've made, I agree.

My mortgage rep tried to get me to go WAY over my head when I was house hunting 4 years ago. I politely laughed at him and got a house that I could afford if we were suddenly reduce to one income. Consequently I am able to go back to school and am nowhere near defaulting on my loan. It really isn't that hard to figure out how much house is safe and how much is a total fucking reach that depends on a never ending increase in property values to keep from going underwater.

[Atomic Punk]

I will concur with Wags about notes being sold to Countrywide and then BoA took over. This elderly couple I know had nearly a million dollars in investments and refinanced for a lower interest rate years ago. They've never once missed a payment. Their lawyers involved said fraud and elder abuse was involved. Once BoA took over, their line of credit was canceled as there was also an insane balloon payment taken out. They are losing their Pebble Beach, CA home they've lived in for 20 years and worked their whole lives for.

I'm surprised there are not snipers and hit men looking for some of these banking officers.

[Dinsdale]

If you sign up for a loan you can't pay, you're an idiot.

If you sign a contract that allows one party to unilaterally change the terms of the contract, and that party isn't "you," you're an idiot.

If you agreed to make a balloon-payment, and you didn't have the cash socked away for the occasion... yup, idiot.

If your finacial situation changed unexpectedly, and you didn't have a contingency plan, and didn't mitigate the impending damages.... guess what you are? Yup, idiot.


If you voted for politicians that were part of the explosive, bottomless government expansion, like micromanaging financial institutions and insurance companies... you're the biggest idiot of all.

[Derron]

I will concur with Wags about notes being sold to Countrywide and then BoA took over. This elderly couple I know had nearly a million dollars in investments and refinanced for a lower interest rate years ago. They've never once missed a payment. Their lawyers involved said fraud and elder abuse was involved. Once BoA took over, their line of credit was canceled as there was also an insane balloon payment taken out. They are losing their Pebble Beach, CA home they've lived in for 20 years and worked their whole lives for.

I'm surprised there are not snipers and hit men looking for some of these banking officers.

The old folks must be taking their financial advice from some crack smoking cretin like you.

Old folks with a million in investments, and they still have a house payment ? ....and they refinanced ? Brilliant strategy there Pops...

Lawyers get involved and they still end up losing it ? They have lived in it 20, years, have a million in the bank, which is not shit is you decided to live at Pebble Beach, anyway, sounds like they were in over their head a long time ago..and worked their whole lives for...cue the hand wringing and tears here fuck tard..I have not worked my whole life just for my house, like others here, I choose to live with a declining mortgage, that we could afford even when I went ill for a year and did not work.

I call bullshit.

[Atomic Punk]

Derron calls bullshit. He must know what is up.

[smackaholic]

jamming people into loans they can't afford is fraud

Jamming people? The borrower had to read the paperwork and sign on the dotted line, yes? On this particular point, I think you are somehow overlooking personal responsibility. On other points you've made, I agree.

My mortgage rep tried to get me to go WAY over my head when I was house hunting 4 years ago. I politely laughed at him and got a house that I could afford if we were suddenly reduce to one income. Consequently I am able to go back to school and am nowhere near defaulting on my loan. It really isn't that hard to figure out how much house is safe and how much is a total fucking reach that depends on a never ending increase in property values to keep from going underwater.

rack.

when i was hunting for my first house, i had a few agents tell me to GFM when i told them what my budget was and i didn't want to look at condos. i ended up finding a house below that price. it needed a thing or two, but was perfectly habitable.

and tart is right. the borrower was given shit to read. so long as said shit was understandable and what COULD happen was spelled out, fraud was not commited.

mortgage processors are not financial advisors.

sin, MA

the real fraud was commited by the gubmint, primarily through the fed by pushing rates to a ridiculously low level and then through fannie and freddie to allow folks with no bidness getting into these loans to do so.

[Derron]

Derron calls bullshit. He must know what is up.

Glad you concur that your post is bullshit, you stupid fucking crackhead.

[Dinsdale]

The old folks must be taking their financial advice from some crack smoking cretin like you.

Old folks with a million in investments, and they still have a house payment ? ....and they refinanced ? Brilliant strategy there Pops...

Absolutely brilliant.

Instead of paying off the house, which essentially guarantees about a 5% return on the investment, someone refinanced to use the money to "invest" in something they thought would do better than 5%, in this financial climate.

Stupid is as stupid does.

[Dinsdale]

Here's a couple that are doing better than 5% Right now - and if you bought them earlier you're Dividend % is even higher

Altria 6%

Bristol Myers Squibb 5.92%

WOW!


I didn't realize stocks were GUARANTEED these days.

If you carry a 5% interest on a property, and you have the money to pay it off, but choose to invest it elsewhere to make a whopping 6%, you are a fucking idiot.

[Dinsdale]

Math Fail on you Dins

No.

Stocks can fail -- and frequently do. It's glorified gambling.


While a real property may drop in value, it's concrete -- it ain't going anywhere.

Last I checked, a portfolio is fairly ineffective at keeping the rain off your head. But it's a great thing to have to supplement your holdings outside of basic needs.