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post #1 of 6 (permalink) Old 07-25-2008, 05:58 AM Thread Starter
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Foreclosure Sanctuary

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SAN DIEGO, July 23 (Reuters) - San Diego's city attorney said on Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in the city, which he aims to make a "foreclosure sanctuary."
If this suceeds and if I was a BOA customer, why should I pay on my mortgage? They can't forclose on me.

And if I was BOA, why should I lean money for mortgages, when I cannot force the terms of the deal?

People in government do not understand the ways they distort the markets.
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post #2 of 6 (permalink) Old 07-25-2008, 06:00 AM
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What? I'm moving.
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post #3 of 6 (permalink) Old 07-25-2008, 06:02 AM
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Class Action!
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post #4 of 6 (permalink) Old 07-25-2008, 06:18 AM
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They're just rewarding these dead-beats, and it will lead to more of the same, but on a higher scale. For example, if they let some guy skate on a $150k mortgage, in a few years, the same guy could be living in a $300k house, doing the same damn thing. Why not?

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #5 of 6 (permalink) Old 07-25-2008, 06:26 AM
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Quote:
Originally Posted by Vertnut
They're just rewarding these dead-beats, and it will lead to more of the same, but on a higher scale. For example, if they let some guy skate on a $150k mortgage, in a few years, the same guy could be living in a $300k house, doing the same damn thing. Why not?
Chaos... pure chaos.
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post #6 of 6 (permalink) Old 07-25-2008, 07:06 AM
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Quote:
Originally Posted by Vertnut
They're just rewarding these dead-beats, and it will lead to more of the same, but on a higher scale. For example, if they let some guy skate on a $150k mortgage, in a few years, the same guy could be living in a $300k house, doing the same damn thing. Why not?
Liens baby liens!

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