Comments on: SF Press Conference Regarding Foreclosures on 11/29/07

By: Steve

Steve — Mon, 13 Jul 2009 14:20:41 +0000

The foreclosure does cost more. A small pay back after placing so many in Subprime or Option Arms knowing they only qualified for the Negative payment while falsifying the income. Then turning around years later dening the action by saying the client signed the loan. Some of those incomes are so far fetch that on a case by case basis the broker should have to justify where those numbers came from. The first request upon getting a loan is to bring in your bank statements and taxes, so stated income and no docs. just does’nt cut it. A loan modification is just aiding and abetting to the scam of the century. If they really want to continue the loans revenue then they need to go back and resell the homes based on the qualifing income. Fat chance renegotiating a $400,000 loan with $100,000 qualifing income.

By: 1888junkteam

1888junkteam — Sun, 12 Jul 2009 13:14:11 +0000

excellent work!
excellent work!

By: Julius121081

Julius121081 — Sun, 12 Jul 2009 13:14:11 +0000

To the person that …
To the person that uploaded this video, can you add the tags Barbara Taylor KCBS to this video.

By: jwparrish6264

jwparrish6264 — Sun, 12 Jul 2009 13:14:11 +0000

The big companies …
The big companies who buy out these loans make sure they screw over as many people..they collect what they can and then they change their names or go out of business until everything cools down…I know check out HSBC Mortgage Services..they are going under other names..they did a big screwing on me and I’m going to try and stop them if I can.

By: JUKIO01

JUKIO01 — Sun, 12 Jul 2009 13:14:11 +0000

the reason why …
the reason why foreclosure are becoming a probelm is because our government is deliberetly collapsing our economy. soon the dollar will become toilet paper. the dollar will collapse within the next couple of years