Foreclosure Rage!

[harrynking777]

If more people didn't spend their money so poorly they wouldn't need to borrow so much.

[MrDanielTynan]

Sad thing is that if you destroy your foreclosed home. . just means you are going to take a tax hit. Normally it would cause your mortgage broker to lose major money..but they got bailed out anyways. WIth your tax dollars!

[trapptowers]

THIS CRISES IS FROM THE BANKS AND GOVERNMENT,if you are being forclosed, cancel your insurance, file bankruptcey,get a electric fryer,fill it with oil,turn it on HI, and leave. thats the best way to SCREW the banks.and if asked,you can say oh! i must have forgotten.

[FinalFan0]

This guy may have single-handedly redefined the meaning of "RAGE QUIT!" ^_^

[EconCat88]

These people are fucking crybabies to the n-th degree. Get over the fact you bought the top of the market.

[zetapingpong]

So because he couldn't afford the house that he took the loan out on he is destroying it? Makes perfect sense. I hate people.

[mapache11]

When I bought a house I calculated the maximum payment I could afford. Then I calculated: a) how much I would still owe on the house when it came time to renegotiate and b) what the interest rate would have to be for me to owe that much. I wasn't like the dumbasses that thought the miniscule interest rate they were paying was going to last forever. Only a moron thinks "Well maybe I'll be making 1000 dollars a month more next year."

[mershomeowners]

YAY !!! GO HOMEOWNER GO !! CHECK OUT THE TRUST DEED ON YOUR HOUSE... IF IT IS UNDER MERS (GOOGLE MERS FRAUD) THEN YOUR HOUSES ALL HAVE CLOUDY TITLES AND THERE IS NO SUCH THING AS THE NEXT OWNER GETTING YOUR HOUSE "FREE AND CLEAR".... TO THE PEOPLE LIKE US WHO PUT WELL OVER 20% DOWN ON OUR HOUSES -- ME - I PUT OVER $85,000 CASH DOWN PLUS PAID ON TIME FOR NEARLY 5 YEARS -- ONLY TO FIND OUT THE BANKS LIED TO ME FROM DAY ONE AND GAVE ME A BOGUS TRUST DEED -- YOU CANT BLAME THE GUY -- GO DUDE GO!

[Macedon51]

Given the criminal nature of the banking practices, nearly every person threatened with foreclosure should do this.

[watkins35146]

all i can say is i'm loving hearing this news...i live in the country and the new home pricing kept climbing and i'm thinking how can these ppl afford these prices, well i done research and i found out, i hope the bank loses big time!!!

[hotdog2020]

Buy a 100 dollar junker and drive the fucker right through the house. Fuck the banks their greed did this plus they got bailed out for fucking up. Nice real nice where is OUR bail out? This guy screw people like the banks? This guy do anything wrong besides trying to make a little moeny? He charge people interest on top of interest? He has every right to do this and I hope he brings it to the fucking ground Fuck them getting 30.40 ,90 million dollar bonuses and getting money from US at same time

[checkers1245]

@hotdog2020

I agree. It just goes to show you that Obama's black ass is all talk. He helped out the banks, came up with this shit about loan modifications and all the companies that offer it have been ripping people off for a few thousand and the banks wont even cooperate. It is time to fuck the house up so that the banks take a greater loss. Then file bankruptcy so they can't come after you for the deficiency once they sell it, if they can sell it after you destroy it..lol

[UBBERTANKER]

If you cant affoard your house dont be a total dick at least leave with some dignity.

[rasoros]

@UBBERTANKER why not go out with a bang? heh... besides, its like the broken window... it will give a bunch of people earn a few bucks fixing. Think "stimulus" lol

[UBBERTANKER]

@rasoros lol

[checkers1245]

@rasoros

I will fuck up my house so bad, it will put people to work for months getting it back together. No one will be able to live in this bitch. I am so mad at the mortgage company for not working with me when times are hard. Their solution to the loan modification I asked for, was to raise the monthly payments? What a bunch of shit heads. But they will regret that move.

[spunright]

@UBBERTANKER Absolutely this guy is a flipper and got burned and is a dick.

[Macedon51]

@UBBERTANKER

What more dignified way to leave than to make it costly for the banks?

[checkers1245]

@UBBERTANKER

Rip it from the router to the tooter..lol

[YoshisLastEgg]

@UBBERTANKER you retard, the banks made a system so that they profit from your loss. Banks don't care about people, fuck em, burn the house down.

[gamehound83]

I dont know if I should applaude him or join him

[moneybelt22]

@gamehound83 well ,, kiss him that might save his house

[gamehound83]

@moneybelt22 no thanks

[weldean46]

wow i had to come with a real down payment when i purshased my home, that is how it used to be back in the early 90s

[spunright]

If I were a neighbor I'd shoot his ass. He's destroying the value of all the homes around him.He doesn't own the home the bank does. He owns other homes so he's a flipper that got burned. Either the law does something or the neighbors should.

[searching4answers100]

@spunright

If you shoot him, your dumb ass would go to jail. Then you would have more things to worry about then your home value. Don't worry about the house next to you, worry about your own shit. The banks are going to make their money back one way or the other. The banks don't care.

[spunright]

@searching4answers100 hundreds of banks have failed and more to come. Banks don't have infinitely deep pockets. Do you own any bank stocks? Looked at them lately? This type of thing will ruin the mortgage option for people in the future. The future will be 25% cash down and prove you have the work history so these idiots will screw it up for everybody. Imaging having to save until you're 45 to buy a house.

[searching4answers100]

@spunright

Wrong! Banks are a business that rely on people taking out loans and mortgages. They will NOT make it harder because they would only be making it harder on themselves. I saved up to buy my house and I think that everyone should do the same. However, in bad times, the banks should have worked more with people to modify their loans. Even if it is temporary. But no, they want to play hardball. So I say fuck the house up and enjoy doing it!

[spunright]

@searching4answers100 They already are making it harder. The risks are too high for the banks. They can move away from mortgages and make money in investment banking which is what the nations largest banks do anyway. Banks don't owe anyone a house. The interest rates are near zero and the probability of people walking or trashing them is high. What this guy is doing is wrong ethically and morally and wrong for the impact on his neighbors. I'd shoot his ass twice and be done with it. 

[searching4answers100]

@spunright

Oh please, houses were way over priced due to the greedy ass lenders and institutions. Fuck the banks. And if you were to shoot your neighbor, your dumb ass would be in jail. How is that for justice! I say fuck the neighbors, it isn't about them. It is about the banks not wanting to help out the borrower in hard times. Burn that fuckin house to the ground.

[spunright]

@searching4answers100 Do you own a house? If you do you know the house next to yours impacts your own 'shit'. Banks aren't making money and are closing down hourly. Take a look at bank stocks and try and convince yourself they are making money because they aren't. The Fannie and Freddie Government push to put everybody that fogs a mirror in a home destroyed the US financial system.

[searching4answers100]

@spunright

Yes, I am a homeowner. You are a big ole drama queen, banks are not closing hourly. I have 2 bank accounts at different banks and they have been around for years. You are the type of person that believes all the hype. Fannie and Freddie hurt themselves because they were fuckin greedy. They get what they deserve. And if I ever am in a situation where I am about to lose my house, I will burn this bitch to the ground!

[spunright]

@searching4answers100 Okay know it all tell me where you live so I can buy a house next to yours then I'll trash it and leave it with plywood on the windows and make sure there's plenty of garbage inside so the rats move in and breed.

[searching4answers100]

@spunright

You don't have to worry, I will be fucking this house up soon. But if you still want my address: 5487 Go suck a dirty dick. ahahahahahahahahah

[spunright]

@searching4answers100 You're a moron and not worth wasting time debating with a subhuman toothless Vega on blocks double wide owning inbred Walmart greeter bat turds for brains IQ in the teens retard.

[searching4answers100]

@spunright

You really shouldn't talk about your MOTHER like that. That is sad.

[checkers1245]

@searching4answers100

I hope you fucked that house up really good.

[checkers1245]

@spunright

Wow, you just gave me more ideas. I am too losing my house and I hadn't thought about that. Me and my buddies are going to have some real fun now.

[moneybelt22]

i used to fuck this guy

[farmboycarl]

On the surface this sounds bad, but anyone forced to ask lenders for assistance (especially Bank of America) know what real abuse is. Don't be too quick to blame every real estate investor for their problems. For every "get-rich-quick" house flipper, there were thousands of people who simply thought it was safer to invest in rental property than trust the gamers on Wall Street. Well those gamers didn't like having a competing investment, and they committed the crime of the century to destroy it.

[matelotgeek]

> He owns two other homes that are also under foreclosure.

awesome ! and I hope he destroys them too.

EVERY foreclosed person should do this.

[rasoros]

I have some hesitation against these sort of actions because where the line between "destroying the home" and arson ? Arson is a criminal offense... but how much difference is there between someone burning their home down for the insurance money and a guy like this in the video? Both are causing destruction to property and someone will have to pay (because that douchebag doesn't really own the property.... the bank does.)

Are we ready to endorse arson as easily to his actions?

[searching4answers100]

@rasoros

Yes, we are ready to endorse arson as a way out. Fuck the banks!

[checkers1245]

@rasoros

All he has to do is pay some gang banger to come in and burn that bitch to the ground. The cops can't even catch people who do drive by shootings, how will they catch an arsonist? They can't and they wont even try. I know some cops who have lost their homes to foreclosure who totally destroyed the inside of it. Other cops told on them and there was nothing done about it. Time to get back at the big banks. Obama isn't doing shit to help. Fuckem all.

[mkmkmkmk131]

@rasoros how was this arson?

[moneybelt22]

@matelotgeek asshole!!!!!! keep the house and rent out the other

dam fool!!!!!!!!!!! think with your head

[searching4answers100]

@matelotgeek

I agree, if he could get away with it, he should set it on fire.

[checkers1245]

@matelotgeek

Believe me, I am about to fuck my house up. From the first floor to the attic. I am about to fuck it up so bad, no one will be able to live in it for several months. Two of my neighbors just lost their homes as well. If the banks or investors don't want to help you, destroy it and file bankruptcy so they can't come after you for the deficiency.

[matelotgeek]

@checkers1245

where's your house and how much did you pay for it ?

[checkers1245]

@matelotgeek

It doesn't matter how much I paid for it or how much I owe. By the time I get finish destroying the inside, the banks wont even come close to making any money from it..lol

[harrynking777]

@matelotgeek If that happened, new clauses would be put into contracts. In the end everybody would pay more. By destroying the property, everybody loses. The bank loses and the taxpayer has to pay when the banks go under. This individual is costing you money too!

[kimmatthewthomas]

I hope some day that it happens to the people that made all the derogotory comments as it is a terrible thing to go thru.I think it goes without saying that people make mistakes and hindsight is 20/20. Some of you people make me sick for your lack of compassion & feelings for someone who is out of a home.

[countryhorsefive]

He owns two other homes that are also under foreclosure.

Oops. If he owned them, they would not be under foreclosure.

He was merely a mortgage payer.

If he had no equity, it was as if he were merely a renter.

Soon, it will get really difficult to get a mortgage. This means people will not be able to buy a home unless they can pay cash up front. This is going to get really rough.

[rasoros]

Ya, people will have to start saving up for the down payment on a home. It will be very difficult and many people will feel insulted that they have to put money up front.

[countryhorsefive]

It was not long ago that everyone had to make a down payment on a home. I had to make a large down payment when I bought my home in 1991 in order to qualify for the mortgage. My parents helped me. Despite that, it was difficult for me for the next five years to cope with the mortgage payments, the property taxes, the insurance and maintenance. I remember that I could not even afford the furniture I needed for my new home. After five years, it became easier. Sixteen years later, I owned my home.

[searching4answers100]

@rasoros

I had to put money down on my house and so did everyone else I know who is a homeowner. So I don't understand you point. Homeownership isn't what it is cracked up to be. Once you sign those papers, you are stuck! The neighborhood goes downhill with crime, you are stuck. Home repairs, you are stuck, upside down because of the market value of your home and the homes around you.. YOU ARE STUCK!

[checkers1245]

@rasoros

I thought everyone had to come up with a down payment when buying a house. I sure did. But now I am losing my home and no loan modification will help. It is time to fuck this house up. I have people on standby waiting to help me rip it to shreds. We are going to have so much fun.

[spunright]

Good point. People like this will undo the mortgage system as we have known it. The banks will required 25%-50% cash to get in. These creeps also steal from the other homeowners next door by trashing their equity. I have no sympathy for these people. I lived in a mobile home on minimum wage once. It can be done just takes discipline.

[searching4answers100]

@spunright

Bullshit, the mortgage companies are greedy and they will still give incentives to people wanting to buy a home. Do you really think the banks are going to let houses sit in their inventory because of what is going on now? Wrong. They are out to make money and they will continue to do so.

[searching4answers100]

@countryhorsefive

No, it will not be difficult to get into a mortgage. Banks are greedy and they will continue this cycle of lending money that is insured..lol It is a win win situation for the banks and lenders. Even if the homeowner walks away.

[checkers1245]

@countryhorsefive

Who gives a shit whether or not you can get another mortgage. Homeownership is highly overrated. With property values taking a dump, every other house an empty mess. Banks and financial institutions are greedy anyway, they will always give people a break on buying a house. If not, they won't be selling any..lol I say fuck that house up, go out with a bang.

[titansurge]

That's right. SHOW THAT HOUSE WHO'S BOSS!

[nicoya31]

I guess this is one of those speculators who thought they were going to get rich just with appreciation. It's sad because all of this will affect lots of people who didn't make any of these mistakes and assumptions and they'll have to pay for all these bailouts. I bet most Americans think this guy and others like him are victims.

[toyotalomofo]

you know no one out there think 's of what im going to tell everyone.......when youll get mad and start fuckin shit up like this guy !!! he is just mad at the bank and he is really thinking that he is getting them back .........Just to let you know the bank has more money  then god ok ....."NO" one at the bank will have to come to that house the pay ppl very good money to come and clean up that mess.... all your doing is making someone else money SO I WOULD LIKE TO THANK ALL OF YOU THAT DOTHIS

[ebmirador]

I guess when one is about to lose a home, one can also lose his mind??

[Jeteaime65]

What an A--HOLE!!

[hotftuna]

sue!

[orangekayak]

That guy is awesome!

[fuzzywzhe]

The cherry on top, is that when you lose your house to foreclosure, and it sells for less than what you owe, the government marks the difference between the selling price and the loan as income.

This guy just increased his taxes astronomically, and you can't declare chapter 11 with the government. He just made himself a wage slave for life.

[ConstructionZoneGuy]

There is a big difference between investing and gambling

[YouChooseASide]

IF HE CANT HAVE IT NO ONE CAN. maybe he should have thought about that A.R.M deal that he signed. STOP buying shit you cant afford bumb ass

[JonahTorn]

People lost their homes before these terrible loans. This was a story about a man who is having his home forclosed on, but he may have been laid off while owning more than one home and had trouble wih renters in them. The anchor woman said he had two other homes under forclosure. That sound like someone who did not have to worry about qualifying for loans in his past.

[jim9847]

This rocket scientist thought he was going to be Donald Trump the Real Estate mogul.......

[Spahi77]

many successful people have failed before they made it big...

[Repomex01]

damn what a loser if he had real sacks he would buy a nice assault rifle and declare open season on a few bank branches and die in a blaze of vegas swat gunfire so we could read about it or watch the media gods tell about it

[MrDanielTynan]

@Repomex01

Because your average bank teller is to blame for this? Well thought out dude!

[Repomex01]

@MrDanielTynan that response was back when i was barely waking up, Now I am fully convinced we are all screwed,, this fractional expanding system is at its end , the signs are everywhere on a worldwide scale. The blame is for no one but for all of us as a society and a race.

[JP5466]

Yup, the banks are greedy... but this idiot buyer is to blame. He's a moron for buying 3 homes he could never afford. You deserve everything you have coming buddy... too bad!

[enantiomer2000]

The guy is an idiot. He bought numerous houses that he can't afford in the hopes of making a lot of money, but instead has lost it all. He was greedy and got burned just like millions of other Americans.

[JonahTorn]

People who can not afford good loans still do not qualify for multiple houses often. Lay offs and bad tenants in the other houses it they were rentals could have all added up.

[JonahTorn]

He might have had a tenants in a rental home

infested with cats. You know weird people like that that you feel sorry for but would not want living in your rented out home with cats every where (or other pets).

[cjlee41]

lol I THINK THAT GUY DESTROYING HIS HOUSE IS NOW MY HERO!!!!!!

FUCK THE GREEDY BANKS !!!!!

[moniequa]

He should put the firework up his ass and burn it. He can't blame everything on the bank. Its his own stupidity and greed too.