Foreclosure Machine Grinds On Through Holidays

http://washingtonindependent.com/20854/an-eviction-in-manassas

This is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays.

But it's not working out that way for everyone. And certainly not for Julio Angulo of suburban Virginia, another victim of a foreclosure machine that seems to be almost unstoppable.

To great fanfare, mortgage giants Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9. One analyst called the move "a giant timeout" to help people stay in their homes while they try to get their loans modified. The decision also avoids the spectacle of two government-controlled finance companies throwing families out on the street at Christmas time.

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Category:

News & Politics

Tags:

• Foreclosure
• Holidays
• Christmas
• American
• News
• Project
• Washington
• Independent

[noxidereus]

I feel really bad for that guy. I would never take part in evicting someone from their home. I don't care if it's those peoples' jobs, they should be ashamed. This is a failure of unregulated capitalism, if not capitalism in general. I am increasingly starting to agree with Karl Marx.

I hope that guy who got evicted has better days ahead. Everyone has a right to a home whether our government currently recognizes that or not!

[midwesthustle1]

That's fucked up!!!!!!

he looks like damn... i tried my best?

shit prob lost his girl also!

y can't we bail him out?

[closmx1212]

The stupid banks with careless underwritting guidelines and risky programs created all this mess.

[1zzzzzzz1]

greed, the people who sell these homes jack up the price and rip honest good human beings off to make a profit.and they think its ok.

[Echokid78]

The eviction scenes in "Roger and Me" were more entertaining, but no less sad.

[marceads]

Hmmm...can't pay the bills huh? Some people are not meant to be homeowners and the Barney Frank types tried to make them that way. The democratic congress put the banks arms behind their backs and made them loan money to people who weren't able to keep their checkbooks balanced (if they were allowed checking accounts) or their credit card spending in check. Now...guess what. The credit cripples have stopped paying. Thanks Clinton, Frank, and Dodd. Brilliant...encore!

[AfricanAnime]

It's those double digit APR's that are killing peoples' wallets....

[llothar]

So what the fuck are they doing with all the empty houses? They will just became unusable within a few month and then the greedy banks do not have anything.

Stupid greedy and selfish USA.

[freshmeatz]

refuse to pay your federal taxes, claim max dependents, good luck getting 500 million agents to collect each year. we will rebuild once the corruption is weeded out.

[RyanMEashoo]

We need to do something to stop foreclosures!

[DisintersGroup]

doorknob business is looking good