Foreclosure Revolt of 2008 - Auction Video

This video shows the attempted bank auction of my home. Like many others around the country I am sickened at the spectacle of American families and children being forced out of our homes due to economic forces over which we have no control. Now that it's happening to me I'm making a stand that hopefully will inspire lots of others to do the same. What are they going to do, throw us all out on the street?

Category:

News & Politics

Tags:

• foreclosure
• revolt
• rebellion
• american
• revolution
• mortgage
• crisis

[ChristophProbst]

Buyers who couldn't afford the houses are just as guilty as rising the house prices a few years back as the banks. Now the banks and the buyers are suffering for these ill decisions. You made the choice, and this is the consequence. I choose to wait out the market, and now I can finally afford to buy. I do go to auctions, and I really don't feel sorry for families who put themselves in this position.

[JRVinNH]

You know, you really shouldn't judge any particular situation unless you have all the facts, which in this case you don't.

[tboshane]

Not everyone bought a house they couldn't afford. Many good honest hardworking Americans have lost their jobs and their life's savings as a result of the banks rinancially raping this country.

DO WHAT THIS GUY DID- FIGHT BACK-STAY IN YOUR HOME- THEY CAN'T EVICT US ALL!

How can I reach this guy?

[le238man]

Well? Its been 2 years! How did your revolt work out? Hello? .... Well the moral is: It aint your house till ya pay for it! Id bid on it if i wanted! I wouldn't care if you filmed me or not! Maybe you should live within your means! Just a suggestion! ... Hello?are you there?

[raulitech]

im sorry this has happened, but u will be an example in the death of america.

[RonPaulWI]

Being in the real estate industry banks are not real willing to work with the current home owners BUT they are willing to LOSE 50% of what the they have into it through foreclosure.

[ironmountain2003]

Why is it the bank's fault that he lost his job? The bank isn't a charity, it has no obligation to help him through this - if the loses money and has to lay off their employees is that fair to them? If instead of losing his job this homeowner had gotten a raise, would he have sent the bank more money than what they originally loaned him? Of course not. While I fell for him personally, the lesson is simple, YOU ARE RESPONSIBLE FOR YOUR OWN FINANCIAL WELL BEING.

[ChristophProbst]

Also, if the house is foreclosed upon - you HAVE to leave. If you don't, you'll get a visit from the sheriff's department. People who are getting foreclosed upon should have thought ahead. They should have had a backup plan. They took a risk, and they lost. That is what happens with risks.

[ChristophProbst]

Also, I will be the first to say that currently I am negotiating with a bank on a short sale because a couple got divorced and could no longer afford the payments. Buyers usually don't know the auctioneer, and I would have been happy to show my face to the camera. Bidders aren't doing anything wrong. And a lot of people at foreclosures are first time homebuyers who couldn't afford to buy during the housing boom a couple years ago.

[ChristophProbst]

That is really sad what happened to your dad. Its happened to a lot of people. However, why should the bank lose their money because your dad couldn't live up to his end of the bargain? It isn't his home, its the bank's, and if he can't pay, he can't live there. By your own admission, he isn't paying. He'd like to, but he can't. That is the bottom line. Wouldn't we all love to have free living.

[mariexxxvoila]

I would just like to set the record straight for my Dad. 8 years ago we purchased a beautiful home in Derry. A year later, my Dad was laid off. Since then, his job search, and his life has gone down hill, along with the economy.Now the reason he no longer pays his mortgage is because he has virtualy no income, and no money. And don't tell me he brainwashed me, or asked me to put this here, I don't want to hear it.

[ChristophProbst]

Its pretty simple actually. The facts are you didn't abide by your end of the contract. If you did, it wouldn't go onto auction. Why is it anyone else's fault that you couldn't pay? I couldn't pay either, which was why I didn't buy into the hype and purchase a house that I couldn't keep up payments with. I'm sorry if you lost your job or something, but in the end, the bills weren't paid. Maybe it was a bad contract, but it was one both parties agreed to and must abide by.