THE HOUSING CRASH ... Animated Editorial Cartoon

[bankstolemyhouse]

The trustees are just as bad. They offered to reinstate my loan for %30 of late payments. I accepted. The paperwork never arrived. I called the bank and trustee daily but it still went to trustee sale. Nobody showed up, now the government owns it. I talked to RE lawyer and was told that this was a common practice!

If you have a smilar story please tell it here: fightingforourhomesdotcom

[ifginc]

Get easy home finance from Integrated Financial Group,Inc, your mortgage bankers.

[trevboats]

great drawings did you do them yourself?

[projectdurden]

its all because credit is evil. just watch fight club and see what tyler durden believes.

[fuzzywzhe]

> its all because credit is evil. just watch

> fight club and see what tyler durden believes.

Yeah, Tyler believes that you should put yourself in debt, then blow up corporations which you took the money from, and that people who DON'T put themselves in debt, well, they just don't exist.

[nelemak]

@fuzzywzhe, imagine the beauty of 90% mortage payers doing the walking away jedi mindtrick.

After that prices will crash.

Big time.

Max 1/10th of old prices are the market is totally bloated with unsold homes..

[fuzzywzhe]

You just don't get it. Here is what is going to happen:

People won't be foreclosed upon, they will just be put under a greater debt burden.

The few houses that ARE foreclosed upon will either be sold at a price to make back the money, or will fall apart into disrepair and never sold and will become vacant lots.

We don't have a free market for housing, not even close. We have a monopoly, and they will keep prices high, forever, with government help paid for by your tax dollars.

[bohemianh]

@fuzzywzhe well locally in Tampa Bay the Feds give local counties money to over pay for foreclosed houses, then overpay out of work general contractors to half ass fix them, then put them up for sale to low income people, with govenment money downpayments. How is it working, well no one is buying, and they are falling into disrepair again. I have three in my neighborhood, I could do a video!

[TYX91101]

Global Economic Crisis.

[MelodyofLove]

Call me stupid... don't get it.

[lynnenethken]

the stock market is going under, so they are begging people to pay their loans so they can pay theirs. lol.

[cooprider14]

EU banks have bought CDOs/MBS that contain numerous subprime loans. Since subprime loans by nature go bad the EU banks have lost a lot of money, from people who bought houses they can't afford.

Translation = This housing mess is going to get a lot worse.

[fuzzywzhe]

> Call me stupid... don't get it.

CDOs were sold all over the world.

If you don't know what a CDO is yet, you are stupid. It's your duty to know what is going on.