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View Full Version : Foreclosure "victims" Deserve No Sympathy



red states rule
02-26-2009, 10:09 AM
In other words the foreclosure "victims" that ACORN and Obama want to help are nothing more than good old fashioned deadbeats, who aren't paying for their houses and want those who are doing their best to pay their mortgage to pay for their mortgage as well



These foreclosure “victims” deserve no sympathy
by Michelle Malkin
Creators Syndicate
Copyright 2008

It shouldn’t be long before ACORN recruits “Octomom” Nadya Suleman to serve as the radical, left-wing group’s new foreclosure poster child. The jobless, unmarried mother of 14 faces eviction from her family home in two weeks. Suleman’s mother, who owns the residence, hasn’t sent mortgage checks in 10 months and owes $23,000 in back payments. Nonetheless, the plastic surgery-enhanced, welfare-dependent Octomom was photographed this week at a video store splurging on games for her brood.

With her warped financial priorities, Suleman fits right in with the militant moochers at the Association of Community Organizations for Reform Now. As I reported last week, ACORN launched a lawless “civil disobedience” campaign across the country to demand their housing entitlement rights. With this well-oiled propaganda campaign buoying his efforts, President Obama used his State of the Union address last night to advance his push for a massive government home foreclosure plan that will help “responsible homeowners avoid foreclosure.”

But a closer look at ACORN’s sob stories shows that the prototypical foreclosure “victims” by the Left don’t deserve an ounce of sympathy – or a cent of our money.

Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a mob cheering and camera crew taping, ACORN leader Louis Beverly busted a padlock and jimmied the door open at 315 South Ellwood Ave. The home once belonged to restaurant worker Donna Hanks, who assailed her evil bank for raising her mortgage by $300 and leaving her on the street. “This is our house now,” Beverly declared with Hanks by his side at the break-in.

What ACORN didn’t tell you: Hanks’ house was sold in June 2008 for $192,000. She bought the two-story home in the summer of 2001 for $87,000. At some point during the next five years, she re-financed the original home loan for $270,000. Where did all that money go? (Hint: Think house-sized ATM.)

http://michellemalkin.com/2009/02/25/no-tears-for-these-foreclosure-victims/

sgtdmski
03-03-2009, 06:14 AM
Only five states have a true problem with foreclosures, and many of them are not low income people but rather middle income people who bought homes that were inflated in price thanks to the sub-prime loans that caused their demand to increase. Now as a result, people owe monies on loans that they paid far more than what they were worth.

dmk

red states rule
03-03-2009, 06:31 AM
Since one of the Obama talking points is "transparency" lets have it before we start spending taxpayer money

Full transparency, everything the lender did, how they did it, why they did it -everything the borrower did, how they did it, why they did it.

In no case will we find the boiiower was forced to sign the contract, or the lender used force to close the deal