The Conservative Cave
Current Events => The DUmpster => Topic started by: USA4ME on December 12, 2008, 05:25:26 PM
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symbolman
Anyone else have their home auctioned off on the courthouse steps today?
We did. Now we are Homeless. Thanks Mr Bush, thanks one helluva lot.
Shouldn't have spent 200 thousand fighting these bastards in better times.
Hope your Christmas is better...
Sorry, had to tell someone, and believe it or not this IS Politics..
Appreciate the DU keeping us sane over all these years, but I'll not be posting any more, hopefully we'll get it together, but it's time for me to go.. This is too Grim.
Thanks to all.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4641233&mesg_id=4641233
It's Bush's fault. :whatever:
So far 23 responses, and none who invite him to let him stay with them or offer up their second homes.
Blue_In_AK
10. I'm so sorry, Symbolman.
If my rental apartment was empty, I'd offer it to you. :(
Is he not even good enough to let camp out on your apartment floor?
.
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Remember a few months back when Symbolman was holding a raffle for his home in Hawaii?
I wonder how many DUmmies got suckered out of their $100 entry fee?
DUmp post (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4641233)
Nice picture of the Symbolman (http://www.redroom.com/member-detail/Symbolman)
symbolman Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Dec-12-08 05:41 PM
Original message
Anyone else have their home auctioned off on the courthouse steps today?
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Edited on Fri Dec-12-08 05:54 PM by symbolman
We did. Now we are Homeless. Thanks Mr Bush, thanks one helluva lot.
Shouldn't have spent 200 thousand fighting these bastards in better times.
Hope your Christmas is better...
Sorry, had to tell someone, and believe it or not this IS Politics..
Appreciate the DU keeping us sane over all these years, but I'll not be posting any more, hopefully we'll get it together, but it's time for me to go.. This is too Grim.
Thanks to all.
200K fighting Bush? This guy qualifies for Super DUmmie status.
blindpig (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Dec-12-08 06:01 PM
Response to Original message
15. It is politics in it's starkest form.
This is why we fight.
Who's next?
No, it's some DUmb shit trying to sell flash animations and not paying the bills.
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If he lost the home because he spent $200K fighting the "Pukes" in the past (Yeah, fat chance!) then the stupid son of a bitch deserves every bit of the pain he's feeling now.
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At the very least, I would expect a DUmmy to donate a cardboard box for poor symbolman.
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At the very least, I would expect a DUmmy to donate a cardboard box for poor symbolman.
And something to waterproof it.
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These dummies are so............................what's the word?
DUMB!
It's the democrats who have tried to put into place social engineering for people who had no business buying houses. Nothing makes me any angrier than watching Chris Dodd and Barney Frank talk about getting us out of this mess when they are part of the cause.
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The cymbals-clanging primitive lives on one of the lesser Hawaiian islands.
He offered this house for sale, via some sort of lottery, some months ago.
I wonder what happened with that.
on edit: threads merged, as USA4ME was one and a half minutes faster than ScubaGuy; sorry for the confusion
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You know, the cymbals-clanging primitive's been evasive, or rather nonresponsive, to one issue here.
He's mentioned the "$200,000" spent "fighting the Republicans" before.
But the cymbals-clanging primitive's never given even the vaguest detail of what that was all about; just that he spent "$200,000" "fighting the Republicans."
It's very sad, of course, losing one's home, but I suspect there's a lot more to this than what's been let on. A lot more.
Given his background, which is not unimpressive, and his age (almost 56 years old, the same age as the dysmenopausal Kansas school teacher), ordinarily one has all his stuff together.
It's not that something's not ringing right here; it's that something's not ringing, period.
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It's Bush's fault. :whatever:
So far 23 responses, and none who invite him to let him stay with them or offer up their second homes.
Is he not even good enough to let camp out on your apartment floor?
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Man you would think that TIT would cough up one of the 5,000$ a night rental properties that he is sitting on. :whatever:
And if this lackwit held a lottery to sell his home, how is it that it was taken away from him and WHAT happened to the money that people spent on his Retard Lotto Experience?
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And if this lackwit held a lottery to sell his home, how is it that it was taken away from him and WHAT happened to the money that people spent on his Retard Lotto Experience?
My guess is that nobody, or only a few people, participated in the lottery.
I mean, sure, there's people with a hundred bucks to spend on a lottery ticket to win a house, but remember this one's in a remote out-of-the-way place.
I'm still trying to figure out why the Hades the cymbals-clanging primitive was spending "$200,000" "fighting the Republicans" instead of paying off his mortgage. If I recall correctly, he wanted $649,000 for the house, and $200,000 would've made a big dent in his mortgage (which I assume is less than $649,000).
Somebody had his priorities all mixed up.
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My guess is that nobody, or only a few people, participated in the lottery.
I mean, sure, there's people with a hundred bucks to spend on a lottery ticket to win a house, but remember this one's in a remote out-of-the-way place.
I'm still trying to figure out why the Hades the cymbals-clanging primitive was spending "$200,000" "fighting the Republicans" instead of paying off his mortgage. If I recall correctly, he wanted $649,000 for the house, and $200,000 would've made a big dent in his mortgage (which I assume is less than $649,000).
Somebody had his priorities all mixed up.
Somebody bought more house than they could afford and is whining about the unfairness of the world and evil 'ol Dubbyah rather than admitting that he was the skipper of his personal Failboat.
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It's very sad, of course, losing one's home, but I suspect there's a lot more to this than what's been let on. A lot more.
Yep. In the story/script writing industry, this would be called "a ****ing major plot hole."
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Yep. In the story/script writing industry, this would be called "a ****ing major plot hole."
There's a whole lot of things wrong with the way this story is being pitched.
In the original post about the $100 Raffle/Skills Contest and in the NY Times story they claimed they wanted to downsize and move where there were better schools.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4081096#4085406
http://www.nytimes.com/2008/09/25/garden/25raffle.html?pagewanted=2&_r=3
They didn't mention anywhere that they were in the middle of foreclosure proceedings. But they must of known when they started their contest that they were going to lose the house before the contest ended. In Hawaii, the courts have to advertise the notice to foreclose five weeks before the public auction. I would expect that their mortgage company notified them months before they took legal action when they were going to turn their default over to the courts. So when they started this contest they should have know when the auction was going to happen. So much for their claim that the contest would be extended to get enough participants. Maybe they figured that people would rush to their contest and they would get enough money before their house was auctioned.
Also interesting is the fact that their house still has an active MLS listing. Possibly the real estate sites are not up-to-date, but kind of hard to believe that the realtors have listed a house for five weeks without noticing that it was in foreclosure. Something definitely stinks about all this. I'm thinking that symbolman figures he can't make any money (not that he was making any anyway) off his crap flash videos without Bush in office and this is his last gasp at fleecing the DUmmies.
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WHAT happened to the money that people spent on his Retard Lotto Experience?
More than likely, it's gone up a wild hog's a$$. ....and they ain't get'n it back.
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More than likely, it's gone up a wild hog's a$$. ....and they ain't get'n it back.
More likely it's gone up his nose, same result though.
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You know, the cymbals-clanging primitive's been evasive, or rather nonresponsive, to one issue here.
He's mentioned the "$200,000" spent "fighting the Republicans" before.
But the cymbals-clanging primitive's never given even the vaguest detail of what that was all about; just that he spent "$200,000" "fighting the Republicans."
It's very sad, of course, losing one's home, but I suspect there's a lot more to this than what's been let on. A lot more.
Given his background, which is not unimpressive, and his age (almost 56 years old, the same age as the dysmenopausal Kansas school teacher), ordinarily one has all his stuff together.
It's not that something's not ringing right here; it's that something's not ringing, period.
I would suppose that given the background facts you state, the money went into an unsuccessful run for some political office. The amount is about right for a failed primary bid for a Congressional seat, or a failed general election run for State legislative office or one of the key County or top large City positions. In the DUmmie mind, his failed attempt to further his own personal fortunes translates fairly easily into "Fighting the evil 'Pukes."
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I would suppose that given the background facts you state, the money went into an unsuccessful run for some political office. The amount is about right for a failed primary bid for a Congressional seat, or a failed general election run for State legislative office or one of the key County or top large City positions. In the DUmmie mind, his failed attempt to further his own personal fortunes translates fairly easily into "Fighting the evil 'Pukes."
If he ran for office we would have seen it all over the DUmp.
The way I think he came up with the 200K number is that he took all the time he did working on childish flash animations, going to video congressional hearings in broom closets and working on his Take Back the Media website then multiplied it by some inflated amount that he thinks his time is worth.
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ScubaGuy, you could well be correct had the run been in the last couple of election cycles, but I have a feeling it is well in the past, perhaps as far back as the late 90s. Since the DUmmie is very vague about the loss and its timing, this leads me to believe he cannot tie it to Democrat successes or even activities in the past two election cycles in any positive way. Too, some DUmmies have enough of a sense of political self-preservation to avoid the possibility of connecting their public personas to freak farms like DU, hard as that may be to understand based on their normal lizard-brain level of abstraction. Not so far in the past that cascading financial failures from it did not ultimately lead to the sale/loss of the house at issue, though.
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Now that he's got enough DUmmies nibbling at the bait he's preparing to set the hook:
symbolman (1000+ posts) Sat Dec-13-08 09:56 AM
Response to Reply #92
100. nothing to do with taxes
has to do with them wanting $35 thousand dollars TODAY (Yesterday), telling us that if we paid the next three months mortgage without fail, that they'd do a workout, sort of refinance, and we'd be fine, back in the saddle, and they told us not to WORRY, there was no action as far as auctioning the property off, they were going to send papers.
a Lie. they never did, think "Bait and Switch", think my wife, a realtor who's versed in this, lawyers hanging up, while some prick said that we couldn't talk to his supervisor and "Is there anything Else I can HELP you with.." WHILE the auction is going on at that MOMENT.
They NEVER notified us of the auction, they LIED. It was a sleazy scam and now we're SCREWED.
And it has nothing to do with Taxes in the least.
SOrry, I can't go on about it..
But I would like to THANK everyone for their generosity, you're all in our hearts.
I'm broken, can't even keep going here, sorry. But still grateful for my friends trying to get me beyond at least this much of the HUGE hump.
Gotta go lay down, haven't sleep, may not for a while.
Love to all, can't get over this sleazy rip off by these asshats.... sorry.. can't maintain right now.
121. I've got to post this, it's becoming more apparent that GMAC SCAMMMED US
and we may not be the only ones. They stole our home under the guise of Foreclosure. There are others that are noticing this trend, and we are going to follow it. I believe that what they did was ILLEGAL and they did it with FULL Knowledge, and it took MANY in their Organization, INCLUDING LAWYERS to pull it off.
We are going to go after them, they are shysters, and WE are not the only ones they are pulled this trick on. It's SO SIMPLE, but Obvious on it's face.
I ain't going to take this sitting down, we may be able to help a LOT of people if we can blow this scam out of the water.
Meanwhile here's what Mark Crispin Miller posted on his Blog - the DU has REACH:
***********************
TWO HEROES ARE NOW HOMELESS
Micheal Stinson--a/k/a Symbolman--and Julie Sigwart, the couple behind
Take Back the Media, are now homeless. Like millions of their fellow citizens, they
lately had the hideous experience of watching as their house was auctioned off:
http://www.democraticunderground.com/discuss/duboard.ph...
Although they're not people of means (obviously), over the years they've spent at
least $200,000 on their work against the Bush regime; and that work has been
invaluable. It was they, for instance, who first interviewed Don Siegelman, on
video, about the theft of his re-election in 2002; and they've done lots more in
the same bold investigative spirit (much of it with a certain piercing humor).
So if there's any way to help them out, even if it's just by helping spread the
word, please do so. (People can now donate directly at http://www.takebackthemedia.com )
MCM
http://markcrispinmiller.com
This is beginning to look familiar. Big scary corporation taking advantage of the little guy, violations of state and federal laws (requiring a conspiracy between the courts and the big scary corporation) and a DUmmie just $10 from blowing the whole thing wide open. Wonder when Skinner is gonna hit the brakes on this one.
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Now that he's got enough DUmmies nibbling at the bait he's preparing to set the hook:
This is beginning to look familiar. Big scary corporation taking advantage of the little guy, violations of state and federal laws (requiring a conspiracy between the courts and the big scary corporation) and a DUmmie just $10 from blowing the whole thing wide open. Wonder when Skinner is gonna hit the brakes on this one.
So this clown is at least $35,000 in arrears, his house gets foreclosed and somehow he claims to have gotten scammed?
There's a scam going on and it ain't being perpetrated by any big bad corporation, lawyer or bank.
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If the wife is a real-estate agent, what did she major in?
British history, or something?
It surely wasn't in real-estate.
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I've been waiting for this post. Can't believe it took so long.
AikidoSoul (1000+ posts) Sat Dec-13-08 07:05 PM
Response to Reply #121
133. I think you were targeted for your activism
It is easy to track activists and their activities. It would be easy to punish you. I will bet my life that that is what happened to you.
The Rove is behind the conspiracy.
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They stole our home under the guise of Foreclosure.
:rotf:
Oh no he DITTUN say dat, did he?
:rotf:
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Seems to me they may well have been using their home as an ATM, borrowing against the equity to finance their lifestyle. This only works in a continually rising market and not in a falling one where your sole source of income is from the sales of flash animations excoriating the BFEE.
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DUmmy......meet real world. :rotf:
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The Rove is behind the conspiracy.
Karl Rove and George Bush sure do stay busy individually screwing over the primitives, don't they?
:rotf: :rotf: :rotf: :rotf: :rotf: :rotf: :rotf:
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Karl Rove and George Bush sure do stay busy individually screwing over the primitives, don't they?
:rotf: :rotf: :rotf: :rotf: :rotf: :rotf: :rotf:
I'm beginning to develop a little anger toward Rove, Bush and Cheney myself. They're screwing the DUmmies over before I get a chance too...... :rotf:
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Do not dare question Symbolman!!!!!!!!!!!!!!
RRTX (2 posts)
Sat Dec-13-08 07:49 PM
Response to Original message
134. Why were you not able to make your payments?
Why were you not able to make your payments? Could it be you were uncreditworthy, so took a deal that clearly would blow up in your face when payments go up? Yes, the lenders semmingly got a good deal but did you not know full well you were getting too much house for your credit level? So now you expect taxpayers to bail you out, taxpayers who borrowed withint their means and pay their mortgages and their taxes? How about finding housing that fits payments you are able to make?
Name removed (0 posts)
Sat Dec-13-08 07:49 PM
Response to Original message
134. Deleted message
Message removed by moderator. Click here to review the message board rules.
Well done RRTX, whoever you are! :cheersmate:
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RRTX:
How about finding housing that fits payments you are able to make?
That should be easy now, the beaches are free.
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Oh my.
Oh my my.
I'm starting to think perhaps it might be a good idea for the cymbals-clanging primitive to telephone Doug's ex-wife, for some tips on how to manage this.
It's very sad, and surely frustrating, to lose one's home, but there's now about 6,405,782 things that aren't ringing right in this story; it's deafening, the clangor.
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symbolman
Anyone else have their home auctioned off on the courthouse steps today?
We did. Now we are Homeless. Thanks Mr Bush, thanks one helluva lot.
There's no shortage of apartments in this country. Why do they equate not owning a house with being homeless? I don't own a house, and I'm not homeless.
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Oh my.
Oh my my.
I'm starting to think perhaps it might be a good idea for the cymbals-clanging primitive to telephone Doug's ex-wife, for some tips on how to manage this.
It's very sad, and surely frustrating, to lose one's home, but there's now about 6,405,782 things that aren't ringing right in this story; it's deafening, the clangor.
I believe she is trying to waddle her fat behind up to the trough:
sfexpat2000 (1000+ posts) Sat Dec-13-08 04:35 PM
Response to Reply #121
125. I'm trying not to freak but to do.
We're in little better shape here. Anyway, address book reporting for duty.
Not sure how to decipher her attempt at English, but it appears she trying to get in on the ground floor.
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This will get deleted:
cigarillo (1 posts) Sat Dec-13-08 10:20 PM
Response to Original message
149. And what about the raffle?
So, how many people bought your $100 raffle tickets to win the house and will you be paying them back?
==Win a Home in Maui webpage can’t be accessed but here is a cache on Google of the page as at Nov 13, 2008 01:36:40 GMT:
http://209.85.173.132/search?q=cache:vkAe-ILJyvMJ:www.w...
From the NYT in September, 2008:
Others, though, are finding creative ways around the rules. Julie Sigwart, a Web designer, is holding what she calls a “skills contest†to give away her six-bedroom, four-bathroom house with ocean views in Maui, which she has been trying to sell since last October.
As in the raffle for Ms. Crawford and Mr. Kelly’s home, she will charge a $100 entry fee, but participants will have to write an essay — the theme is “Aloha, what does it mean to you?†— which will be judged by a group of “prominent members of the community,†she said. (The judges have yet to be finalized.) Because the contest isn’t a game of chance, state approval is not required, and teaming with a nonprofit group isn’t necessary.
Ms. Sigwart has wanted to downsize for more than a year, and has repeatedly marked her house down, from $729,000 to $600,000. But the market in her area is terrible; she recently attended an open house in a nearby neighborhood and was the only person there. After a contract on her house fell through in August, her husband suggested the contest, and she created a Web site for it this week. Asked when she hopes to begin the contest and declare a winner, she replied, “As soon as possible on both counts.â€
From: http://www.nytimes.com/2008/09/25/garden/25raffle.html?...
And interestingly enough, the site for the raffle (http://www.winmauihome.com/) was up and working yesterday. You would expect that they would update the raffle site to announce the raffle was off and everyone was going to get their money back. Things that make you say hmmm.
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Six bedrooms and four bathrooms? They must have a huge family. And in Maui no less.
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hmmm...
(http://img360.imageshack.us/img360/8039/symbolmandeletedyq7.gif)
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Six bedrooms and four bathrooms? They must have a huge family. And in Maui no less.
Just a man, woman and small child. Wondering which DUmmie will point out that he is begging over there because he needs money to pay for a $600K house. I gotta wonder what his wife is thinking. From the history of his posts, it appears she brought all the money into the marriage and he has spent the last five years, or so, spending it all. As another poster noted recently about TSS "Hey ladies, if you're into doing all the heavy lifting and paying all the bills, call me.".
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As another poster noted recently about TSS "Hey ladies, if you're into doing all the heavy lifting and paying all the bills, call me.".
That was me. :-)
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That was me. :-)
H5 for the quote. Describes so many of the "men" over there accurately.
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H5 for the quote. Describes so many of the "men" over there accurately.
w00t! 300, baby! :cheersmate:
Gracias.
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w00t! 300, baby! :cheersmate:
Gracias.
LOL. Took me a while to figure out what the hell you were taking about. As a dedicated lurker, I tend not to notice my H5/BS status.
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LOL. Took me a while to figure out what the hell you were taking about. As a dedicated lurker, I tend not to notice my H5/BS status.
Much thanks. And you should post more. We have other forums. :popcorn:
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As a real estate agent that specializes for the last 18 months in foreclosures (I have been a licensed agent for 11.5 yrs)....this does not make sense.
In the first place, one has to be at least 3 months in arrears for a lender to take action. At that point, a letter or phone call is made to the homeowner that they need to contact the lender.
If nothing can be worked out between the homeowner and the lender the lender will put the property in pre-foreclosure....with notification to the homeowner. This is by mail....it is not registered or certified mail.
In the state of TN..the property is published in the paper- the first few pages of the classifieds----for 3 weeks and sold on the courthouse steps on the 4th week. I believe it is similar, if not identical, in most states.
In the current market, the lenders really do not want to foreclose as it will be a definite loss to the lender. They will work with the homeowner IF the homeowner initiates the desire to reach an amicable solution to the problem...of which there are many. BUT the homeowner MUST be the one to initiate the process. The lender WILL NOT initiate the process.
The other option, is for the homeowner to declare bankruptcy. This will stop the foreclosure process, allowing the homeowner to either delay and regroup their financing and start over, or the homeowner goes to the bankruptcy court and gives up the property and walks away from it.
Now.....this guy may not have realized that he had options....but if he spent $200K ( ::)) ...I would assume he spent it with a lawyer...he should have had good advice. Otherwise, he should have applied that money to his mortgage and foreclosure would have been a moot point.
For a fabrication....he must have thought he was talking to a bunch of Dummies ( :lmao:)....because quite frankly...the "yarn" he spun....wasn't knitted very well cause it's full of holes. :loser:
In other words....the story he gave ....is full of :bs:
I could go into more explanation of each of his statements.....but it would take a LOT more time and I would need to do it at another time.
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Thank you, madam.
I think we got another one of them things evolving on Skins's island.
The clanging cymbals primitive would do well to get a hold of Doug's ex-wife for some tips on how to "manage" this thing.....the only problem being, Doug's ex-wife has erased a lot of memories about what she did, and so she might not have the tips handy any more.
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If the house is sold, and he is still doing the lottery on it, shouldn't the Maui DA be interested in this?
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If the house is sold, and he is still doing the lottery on it, shouldn't the Maui DA be interested in this?
Im assuming the Maui house is a second property and unless it changed ownership it would be an asset the bank could call to pay for the first property that is in foreclosure. Hiding it would be fraud and giving it away when it could be used to pay debt would be illegal as well. Moreoever, holding a raffle and not making good on the terms is a federal offense called wire-fraud.
Of course this begs the why have 2 mortgages when you seem unable to pay for 1 and why not sell the second to pay for the first and reduce monthly overhead?
But such things are trifling when it comes to blaming Bush...the first moral imperative in any liberal world free of personal responsibility. Odds are this is another fraudulent front to bilk more money through sympathy donations after the raffle has run its course as well as provide cover for why the pay-off on the raffle will never come due.
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dogindia (1000+ posts) Fri Dec-12-08 07:36 PM
Response to Reply #1
54. paypal link to great Symbolman site. He might be shy to do it but not me.
Oh how we should all feel so proud to help and take help. What an amazing time. Great love to you all.
http://www.takebackthemedia.com/pepperobama1.html
D-Lee (76 posts) Sat Dec-13-08 08:51 AM
Response to Reply #54
96. Thanks! Donated at www.takebackthemedia.com
It's just a bit but every bit helps!
Thanks for the link ...
mod mom (1000+ posts) Sat Dec-13-08 05:37 PM
Response to Reply #54
130. Thanks for posting! gladly donated.
And the sheep line up to get sheered.
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LibertyLover (1000+ posts) Fri Dec-12-08 05:58 PM
Response to Original message
11. No, mine is being auctioned off on Tuesday
I am hoping to file for bankruptcy on Saturday and forstall the sale, at least for the time being. I am so sorry to hear that. All the best to you and your family.
Amazingly I don't even know ONE person in RL or online whose home is getting auctioned out from under them but TWO of them are posting in this DUmp thread...
(On Edit)
Sorry... THREE people.
kedrys (1000+ posts) Fri Dec-12-08 07:17 PM
Response to Original message
49. I'm so sorry
Ours was sold at auction in April, and I know just how you feel. Prayers and good vibes - wish I could do more...
(On FURTHER edit)
FOUR people. :whatever:
1776Forever (1000+ posts) Fri Dec-12-08 07:53 PM
Response to Original message
55. Mine is going to be auctioned soon - What gets me is that they want you to pay taxes on lose!
Tell me why we have to pay the difference because of failed policy that took our jobs away from us! There were no full time jobs in Florida for the last 2 years that my husband and I tried to find one. It is dirty to think that a-holes like AIG get bailed out and the little working guy has to pay their taxes after their life savings and everything they worked for over 40 years is gone!
This boat is big honey - just try to look ahead to the Obama years!
(On further FURTHER edit)
FIVE now.
InvisibleTouch (1000+ posts) Fri Dec-12-08 09:39 PM
Response to Original message
64. Damn. I'll be in somewhat of the same boat next month.
Have got an alternate place to live, fortunately, but the home I was hoping to sell is going to be foreclosed sometime in the next few weeks. I hung onto it as long as I could against all odds. Yes, the Bush economy screwed us all. Wishing you the best.
(On further, further YET AGAIN edit)
Holy crap SIX now...
Connonym (1000+ posts) Sat Dec-13-08 02:41 AM
Response to Original message
82. Mine was this past spring
I know how hard it is.
There's something I've been wanting to say for a while now. Something I don't think many people realize is that if you are 2 or more months in the rears the bank (at least in my case) would not accept anything other than a full payment for the past due amount. I couldn't continue to make monthly payments or add extra every month to catch up. They stated that it had to be a money order for the entire amount, anything less than that or a personal check would be returned. Let's face it, if you're anywhere near the edge there's no way you're going to ever be able to cough up that much money. After 2 months if you can't sell it, it's pretty much a foregone conclusion. If you try to sell it you have to divulge that it's facing foreclosure. Once a potential buyer sees that you can forget about getting market price, the only offers you'll get are insulting.
I guess my point being that if you're a typical middle class family it's a very short fall from solvency to losing your house.
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Amazingly I don't even know ONE person in RL or online whose home is getting auctioned out from under them but TWO of them are posting in this DUmp thread...
(On Edit)
Sorry... THREE people.
(On FURTHER edit)
FOUR people. :whatever:
All that proves is that--unlike normal, RL people--DUmmies can't handle their own affairs. We always knew, now we have statistical corraboration of it.
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I had an insurance agent/mortgage lender try to talk me into an ARM back in 2005. "Your rates start out like THIS... but then they turn into THIS after two years."
I got away from her as fast as I could.
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And the Shadow Tard is pissed he ain't getting any handout love...
shadowknows69 (1000+ posts) Sat Dec-13-08 08:30 AM
Response to Original message
91. My wife and I are facing homelessness too
And we never had 200K to spend, if there's a DU wide fundraiser going on I'll put out my hat with shame.
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This is absolutely the epitome of the DUmp.
Some jackhole wastes almost a quarter of a million dollars on STUPID hack-kneed amateur political videos on his frigging digital video cam and ignores his real life responsibilities to his family and his kid and then when his idiocy catches up to him blames EVERYBODY under the sun but his own asshole self for his woes and then cries for a handout.
Let's not even discuss buying a 600,000$ home when you are a self employed penniless a-hole.
**** him in the ear.
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**** him in the ear.
:werd:
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1776Forever (1000+ posts)
Fri Dec-12-08 07:53 PM
There were no full time jobs in Florida for the last 2 years
:orly:
Florida Careerbuilder Jobs - 14,711 jobs found (http://jobs.careerbuilder.com/jobseeker/jobs/jobresults.aspx?argv0=Florida&argv1=&ArgURL=/al.ic/Florida/%3F&cbRecursionCnt=1&cbsid=429cd27500734fbaacecdfa2b868e6ee-282574456-R0-4&ns_siteid=ns_us_g_Florida_Careerbuilder)
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These people are beyond belief stupid,just plain dumbass stupid.
Lurking DUmmies I know I am wasting time but can`t you see that he is playing on your own idiocy...he isn`t one of you,he is smart enough to come up with a scam and play you for the fools you are.
Good God will you all open your eyes to reality for a change instead of the life sucks mentality you have so ingrained into your pitiful souls and minds.
Incredible. :mental:
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I'm still astounded that someone within two months of 56 years old can be so, well, childish. I was always under the impression that age brought maturity.
Man.
In case anyone's forgotten, the cymbals-clanging primitive, "symbolman," a veteran, once had to have an operation done, and ostensibly he was covered under some sort of veterans' insurance.
The operation had to be done at a veterans' hospital on Oahu.
To get from the island where the cymbals-clanging primitive lives, to Oahu, one has to fly.
The cymbals-clanging primitive was bent out of shape when he learned this government-paid flight wasn't first-class. And then he was further bent out of shape when the government wouldn't also fly his wife and heir to be with him.
This almost-56-years-old primitive has the emotional maturity of an 8-year-old.
Man.
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I'm still astounded that someone within two months of 56 years old can be so, well, childish. I was always under the impression that age brought maturity.
Man.
In case anyone's forgotten, the cymbals-clanging primitive, "symbolman," a veteran, once had to have an operation done, and ostensibly he was covered under some sort of veterans' insurance.
The operation had to be done at a veterans' hospital on Oahu.
To get from the island where the cymbals-clanging primitive lives, to Oahu, one has to fly.
The cymbals-clanging primitive was bent out of shape when he learned this government-paid flight wasn't first-class. And then he was further bent out of shape when the government wouldn't also fly his wife and heir to be with him.
This almost-56-years-old primitive has the emotional maturity of an 8-year-old.
Man.
Is there a link to that story, or is that contained in the most current thread, Frank?
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Is there a link to that story, or is that contained in the most current thread, Frank?
All I can recall is that it took place when we all were still over at our old home, and I posted that bonfire there. Of course, our old home got remodelled, and all's lost.
I think, perhaps about 1.5-2 years ago now?
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All I can recall is that it took place when we all were still over at our old home, and I posted that bonfire there. Of course, our old home got remodelled, and all's lost.
I think, perhaps about 1.5-2 years ago now?
I'll have to do a little DUmpster diving and find that thread, now that you've piqued my curiosity.
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If the house is sold, and he is still doing the lottery on it, shouldn't the Maui DA be interested in this?
He took down the lottery site yesterday. Don't know what kind of response he got out of it, but will be interested to see if anyone who entered has any problem getting their money back.
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Im assuming the Maui house is a second property and unless it changed ownership it would be an asset the bank could call to pay for the first property that is in foreclosure. Hiding it would be fraud and giving it away when it could be used to pay debt would be illegal as well. Moreoever, holding a raffle and not making good on the terms is a federal offense called wire-fraud.
Of course this begs the why have 2 mortgages when you seem unable to pay for 1 and why not sell the second to pay for the first and reduce monthly overhead?
But such things are trifling when it comes to blaming Bush...the first moral imperative in any liberal world free of personal responsibility. Odds are this is another fraudulent front to bilk more money through sympathy donations after the raffle has run its course as well as provide cover for why the pay-off on the raffle will never come due.
I have had my share of troubles. I could go on forever on the stupid i did in 2007 (which is not as bad as the stupid the voters did in 2008, but I digress) but I have never put my hand out for a nickel to you people. I did not have two homes now in foreclosure, and I am not in danger of having to sleep outdoors because of it. Of course, sleeping outdoors in Portland in December is not quite the same thing as sleeping outdoors in Maui in December. It is snowing here today. Which I don't believe to be the case on Maui.
Anyway, its not Bushs fault I am in the fix I am in.
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LibertyLover (1000+ posts) Fri Dec-12-08 05:58 PM
Response to Original message
11. No, mine is being auctioned off on Tuesday
I am hoping to file for bankruptcy on Saturday and forstall the sale, at least for the time being. I am so sorry to hear that. All the best to you and your family.
Federal court offices are not open on Saturdays and Sundays, Brainiac. Of course you've probably figured that out by now!
:rotf:
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Im assuming the Maui house is a second property and unless it changed ownership it would be an asset the bank could call to pay for the first property that is in foreclosure. Hiding it would be fraud and giving it away when it could be used to pay debt would be illegal as well. Moreoever, holding a raffle and not making good on the terms is a federal offense called wire-fraud.
Of course this begs the why have 2 mortgages when you seem unable to pay for 1 and why not sell the second to pay for the first and reduce monthly overhead?
But such things are trifling when it comes to blaming Bush...the first moral imperative in any liberal world free of personal responsibility. Odds are this is another fraudulent front to bilk more money through sympathy donations after the raffle has run its course as well as provide cover for why the pay-off on the raffle will never come due.
The assessment data on the house indicates that it is their primary residence (homestead exemption on their taxes) and I've never seen any indication that his wife owns any other properties. Note that I said his wife, as his name is apparently not on the deed. After doing a little searching on the internet, it appears that symbolman is quite the leech on the women in his life.
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I'll have to do a little DUmpster diving and find that thread, now that you've piqued my curiosity.
I found it Ralph.
Speaking of SICKO, I'm due for an Operation tomorow morning (CHEAP INSURANCE) and a little scared. (http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=1109756)
symbolman Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Jun-14-07 08:33 AM
Original message
Speaking of SICKO, I'm due for an Operation tomorow morning (CHEAP INSURANCE) and a little scared.
If something happens it was nice knowing you all...
Kick that BASTARD BUSH OUT, even if you have to do it without me. Lord Knows, I've tried my best all these years at Takebackthemedia.com - as some of you know, maybe not the Newbies, but the DU Elders..
Forced to fly to another Island to get cut on (Speaking of SICKO - CHEAP Insurance) and while they SAY it's not a major operation, they'll still knock me out, then wheel me to the curb when I wake up, where hopefully a cab will take me to the Airport, and I'll get on a Plane, and make it HOME. With any Luck I won't end up at DOG'S Office, the Bounty Hunter, instead of in a seat on the plane :)
They told me it's no BIG DEAL to get on a Plane the very same day you've been operated on, no chance of Blood Clots since we'll be lower than 10,000 feet, and it's a short trip.
My wife is unable to afford the trip over with me, and insurance, while they usually pay for a care-giver (A Spouse, and my doctor requested it), they won't budge. So I'm On My Own for the whole day. I've had a couple of instances where they've had to knock me out for a procedure, and from what I recall, I even DROVE HOME right after I woke up (and said what I always say, a cliche, but I can't help it, "WILL SOMEONE ANSWER THAT GODDAM PHONE?!), and of course I SHOULD NOT HAVE, and MANY People don't recall WHERE they've been or WHAT they've done under these circumstances for 12 to 24 Hours.
So this seems NUTS to me.
I personally think it's RUDE to make a person fly to an operation, get knocked out, then SOMEHOW make their way back to ANOTHER ISLAND in Hawaii, but with the State Insurance I have, there seems to be no other option. My wife GRILLED the hell out of them, trying to wheedle a ticker for her to accompany me, asking it the CAB DRIVER was RESPONSIBLE for my BODY after the Operation, if THEY released me.. but they Still refused to budge.
Which I thought was a good point :)
I worked in a Veteran's Hospital after 'Nam, and I know for a fact that they have contracts with the airlines, and One More Person ain't gonna break the bank. More like unused minutes on your cell phone plan.
I recall the old days, when I was a kid, and someone would do in for a procedure, and they'd KEEP THEM just to be SURE they didn't hemmorage to death at the curb, but I suppose those days are GONE, eh?
Anyone want to lay some horror stories on me before I go in? It would make me feel better.. And if you want to show up at the Airport in Honolulu on Friday evening, I'll be the Drooly Guy in the wheelchair in the corner :)
Wish me luck, and like it said, if they knick the wrong artery or nerve, it was NICE Knowing all of you :)
symbolman Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun Jun-17-07 04:44 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=1109756&mesg_id=1127108)
139. I've been resting and sort of embarrased to post
Having been DUPED by my Primary care guy.. Not Duped so much as SCREWED.
My PPCP sent me there to have a dual Inguinal Hernia repair, I'd been to the emergency room three days before for some pain shots as this was killing me.. basically this SICKO Doc has been letting me live with this pain for nearly a Year now and I was GLAD that I was to be cut open and Patched, even with the stupid travel arrangements, and no wife allowed.
So All was fine with the flight there, they called my name, first on the plane, met a cool surfer dude who's 12 year old son flies all over the planet, a young WaterMan. Got off the plane, scored a taxi, made it to the BIG, Wonderful PRO Health car Day Surgery center and checked my valuables and was led to a bed. Got all dressed in the Slippers, backless smock, hairnet, laid down to watch TV while they took my stats. All Clean, all PRO.
THEN I find out that I was Supposed to report to the Surgeon's office at 9:30, but I'd been told to Check into the Hospital, which I did. Now as a patient of the Hospital they had to have a guy lead me over to the Surgeon's office, since they were now responsible for my body. So I limped over there, with a pal to meet my "new best friend".
The Surgeon came in, a very cool guy, checked me out for hernia in both channels, then told me that there was ONLY a SMALL start of one in the left side, that he could do the operation BUT I really didn't need it, and it would NOT lead to any Pain reduction.. why?
BECAUSE I HAVE SOMETHING ELSE COMPLETELY DIFFERENT. Remember, this has been going on for a YEAR NOW. And for a doc to even take a year to find out it was a Hernia is RIDICULOUS. The test takes ONE MINUTE and is SIMPLE.
He said that IF I was to have the hernia procedure that I'd need two or three days to recover there. I said, "They've set me up to fly out this afternoon as soon as you are done." He grabbed his head! And said, "PLEASE don't tell me someone told you that!"
"Yeah, I thought that was nuts too.." I'd come with the loose fitting clothes I'd worn for the day and nothing else, not even a toothbrush, and no WIFE of course - and no place to STAY.
So I told the Surgeon about my PPCP, "Doctor XXXX is Not a Very Good Doctor.." He'd get in trouble if he dissed another doctor, but I could tell from the look on his face that he was totally disgusted by what's been happening to me. He told me, "Okay, here's the deal, You go back to your doctor, tell him to get you a Urologist, and I will deal with the Urologist and together we'll take care of this problem.." Cutting my PPCP out of the picture I guess, at least I'm hoping..
I don't want to go into details, but if anyone else is suffering from this I might as well bring it up, if you're a male there's a very good chance that it can happen to you, even if it doesn't affect you - he said that I have a severe case of Varioceles. (Those that feel like they want to, can look it up..it's not pretty, but I will tell you this, it's VERY PAINFUL.) I've been suffering from fluid (blood) retention in the gut and lower nether region, and all that weight (I'm basically a thin guy) has been pushing down in that part of my body, on nerve bundles, and against my bladder, nerves to the lower back, hip, thigh and whatever else gets crowded.. all I know is it HURTS like hell, and I was actually Looking FORWARD to the Hernia procedure, would have been a LOT Simpler.
I shined on the hernia operation, as it made no sense. No use getting cut if you don't really need to, and he understood. Mind you I got to hear this and make this decision after two sleepless nights and no food for three days, not to mention the angst of a first operation, and then realising that my bozo PPCP was/is completely INEPT.
Thank god I don't have a tumor, I might had died by now. (The only problem is, that many men get a form of varioceles in their lives, but if you get them enraged like I have AFTER 40, and I'm 54, they usually indicate a malignant tumor somewhere...keep your fingers crossed.)
So it ain't over. But I know more, and I'm still here. At least the Surgeon is going to bat for me. But he DID give me a look I don't like seeing in a doctor, THAT LOOK. I used to take care of those who were on the way out, and I'm sure as hell hoping it wasn't the "look" I thought I saw.. hoping it was a "God this operation coming up on this guy is going to be a mess, a real job, but I can swing it.." LOOK.
Enough about this, don't want to turn this into a Lenny Bruce "Not funny anymore" scene as he reads his Court papers to the audience instead of telling Jokes :)
I had some thinking to do this past few days, and resting, so I apologise for not getting back to you fine folks fast enough, sorry. What should have been a breeze in some ways may actually be a nightmare, but I'm gonna stay positive. I've got a doc that knows his shit, and plenty of folks here that were pulling for me, and that's a true blessing, given the state of the Uninsured health care these days. In some small way I can see the horror that Andy must have felt, and thank god so many came to bat for him, he was right on the Health Care scene as well, the guy was right on so many counts.
And now Michael Moore is pushing what Andy was saying all along, and many of us are feeling now, Health Care is a ******* JOKE in this country. God Bless Andy, Michael Moore, and the whole LOT OF YOU :)
Now I'm going to lay down again, and try not to spontaneously COMBUST over this shit, until the doc's office opens on Monday, then go in there and have us both taken to the emergency room.. to REMOVE my Number 9 Inch BOOT FROM HIS ASS.. :)
Thanks all, hope this clears up this mess, and I'll keep those of you who PM'd me in the know. No use in posting a play by play, just thought it would be interesting because of SICKO coming out, with me heading for a simple resolution.
Now it's Time to DO something about the NEW disease, and STICK it to the INSURANCE company as much as possible.
Love the Lot of Yas!
Peace out, and get a checkup if you've got one coming!
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Thanks for the find, Miss Mia. :bow:
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Thanks for the find, Miss Mia. :bow:
Double, triple, thanks, Miss Mia.
Oh my.
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"Auctioned off on the courthouse steps....."
When a lender forecloses on a property, after posting it in the classifieds of the local paper for 3 weeks, same day each week....on the 4th week...it is "auctioned off on the courthouse steps".
WHETHER OR NOT THE HOUSE IS OCCUPIED!
By the time the property is up for auction on the courthouse steps, the bank has already determined a minimum amount of money that it will accept based on a series of Broker Price Opinions done by at least 2 or more real estate agents. (these are the reports that I do - my "drive by shootings")
An agent will do a "drive by", take at least one picture of the front of the house, one of the house numbers for verification of address, and one or two street scenes (showing surroundings). Along with that is a report, that when printed out is anywhere from 3-8 pages, sometimes more depending on the requesting mortgage company.
Included in this report is ....a property condition report, area marketing conditions (not the city or community but specific area of the property (usually the multiple listing service designated market area of the property obtained through the local real estate board), 3 comparable sold properties within the last 160 days, unless the lender specifically requests 90 days or less, and 3 comparable currently listed properties. These properties must meet certain criteria....proximity(usually less than 1 mile), gross living area (within 20%), style(ranch, 2 story, etc), age(within 5 years), lot size, and comparable value based on condition, upgrades, updated. Based on this information, a price (market value) is determined for 30 day "quick sale", 90, 120-180 day sales. It is also based on "as is" and "as repaired".
The lender, based on these BPO's, combined with the amount owed on the loan....determines what the minimum dollar amount that they will accept in a bid on the courthouse steps.
When a property goes on the "auction block" on the courthouse steps....ANYONE...EVEN THE CURRENT OWNER ....MAY PURCHASE THE HOUSE.....provided....it at least meets the minimum amount the bank requires and beats out the other bids. BUT....the new buyer MUST pay for it within 24 hours in cash paper money. It is almost impossible to use a loan to purchase property on the courthouse steps unless you have a great relationship with a bank or a line of credit.
The property is purchased "as is - where is" and the new buyer MUST pay any back property taxes, liens, homeowner association dues, etc owed on the property.
IF no one purchases the property on the courthouse steps....the bank/lender "buys" it back. Which means the bank/lender takes back the property ...but also pays any monies owed on the property.
The bank/lender then assigns the property to a real estate agent that has is an "approved" agent with the bank/lender or a 3rd party loan servicing company which manages foreclosed properties for the lender/bank. This is how I get foreclosed properties.
It is then the agent's job to "babysit" the property. The first step is to determine occupancy status.
Then, if occupied by the owner, or renter....I offer them $1000 to vacate the property within 14 days, "broom clean" and all possession removed from the property. If they are willing, they will sign a contract with me, I inspect the property-inside and out, the bank/lender or their managing company, will send me a check to give to the occupant provided that when I go on the 14th day, the house is clean, everything is gone and no further damage has been done to the property. I make notes if need be, on first inspection of current damage to compare with any subsequent damage on final inspection. I give them the check, I have a locksmith accompany me, and he changes the locks at that time. I take extensive pictures of the property, send in a comparative market analysis of the property and wait for the bank/lender to determine a price to then list it in the multiple listing service. This price is usually much lower than what the minimum bid was on the courthouse steps.
If the property is occupied and the occupant refuses to move out when I offer them the money. I then report back to the management company that the occupant refuses to leave. It then falls back in the foreclosing attorney's office for a court date for a court ordered eviction. Once it goes to court, the court will order eviction in 30 days, unless the home owner( or their representative, usually an attorney) requests and is granted a "stay of eviction". If a "stay" is granted, it is for a specific number of days, usually between 15 and 30. This can be granted as often as a judge is willing to grant it.
On the 30th day...or whatever date the court decides....if the occupants have not vacated the property....I then go to the house accompanied by a county sheriff's officer, a locksmith and an eviction crew. The sheriff officer (in my case - there are 2 that work together that go with me, both are armed, but not in uniform) gives the writ of eviction to the homeowner, the homeowner is escorted out, the locksmith changes the locks, and the crew proceeds to box/bag and carry out all possessions in the house and put them at the curb. I have only had to do this once ....quite frankly it seriously sucked.
I then proceed the same as if it was already vacated. Sometimes I will get a property that is already vacant, the homeowners have just walked away. Sometimes they take everything and leave it broom clean....other times it can be utterly disgusting.
Filing for bankruptcy....as long as the filing is done and recorded prior to the day of the courthouse steps auction .....can immediately stop the property from going on the auction block.
Depending on the type of bankruptcy filed....determines what happens with a house. I cannot tell you what happens as the are several different procedures and from what I understand....these days, in many, cases it's up to the judge.
I do know that both Florida and Texas have homestead laws, where if one files bankruptcy, the primary home is protected. Not any rental properties or second homes, only primary residence.
There is also something called a "short sale". That is where a homeowner is in arrears on the mortgage or the house is no longer worth the loan amount....and the homeowner has an offer on the property for considerably less than owed and the bank/lender agrees to accept the offered amount and agrees to allow the sale of the property. Depending on the bank/lender....the homeowner may or may not have to repay the difference.
Interior BPO's are done on these properties along with at least one "drive by" by a different agent, to determine a fair market price on the property based on the interior/exterior condition and current market valuation of the property. I did one of these today. The homeowner purchased the property for $105K 3 years ago as new construction...it was never worth that...and still isn't. A loan for that amount should never have been made. I haven't done the BPO on it, but I'm guessing it's going to come out somewhere in the $80K range. What's hurting it tremendously, are the surroundings.....close to interstate, highly commercial, much smaller, 50+yr old houses.
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Oh my.
Can one trust dolphins?
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By the time the property is up for auction on the courthouse steps, the bank has already determined a minimum amount of money that it will accept based on a series of Broker Price Opinions done by at least 2 or more real estate agents. (these are the reports that I do - my "drive by shootings")
Interesting. That's quite a bit different that how it's done in NC, Georgia, or Florida. What they typically do is that the lender determines how much they're owed based upon the principal balance, plus any unpaid interest and penalities, plus any accrued attorney fees, and that amount constituties what the auction price would be.
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Interesting. That's quite a bit different that how it's done in NC, Georgia, or Florida. What they typically do is that the lender determines how much they're owed based upon the principal balance, plus any unpaid interest and penalities, plus any accrued attorney fees, and that amount constituties what the auction price would be.
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I don't know about NC or GA, but in FL, I know that "drive by BPO's" are done there too as I was thinking about getting licensed in FL and talked to the company I contract with regarding doing them in the Key West area.
What the BPO does, is give the lender the current market price for the property based on exterior view with comparable properties.
Somehow the lender computes it all together and determines a minimum of what they will take on the courthouse steps. I know they use some formula, but darned if I've been able to figure it out. It used to be, that when it hit the mls, they would accept 10% less than list price. Not anymore! Sometimes they will only accept 5% or less, other times....it can be 20%. Depends on the lender, I guess.
Keep in mind, they will not get full value on the resale REO (foreclosure) market unless the house is absolutely perfect, particularly in today's market. Few are.
It is very costly to the bank to foreclose on a property and to put it on the resale market. Involved are additional attorney fees, trash out of personal possessions, debris which can run into the $1000's, interior cleaning, lawn maintenance - initial cleanup and continued maintenance during growing season which can also get very expensive, depending on the property condition - utilities are turned on, including AC and heat, in Oct - the house is winterized which here is a minimum of $125 to do, every exterior door lock is changed, any repairs necessary for safety of potential buyers, boarding up and securing the property.
Plus there is a real estate agent's commission. The company that I sell foreclosures for....they tell me the commission(6% of list price). It is non-negotiable, unlike a commission between a homeowner and a Realtor which is negotiable. They tell me what they will pay me, and how much my referral fee back to them is, with a minimum of $2500 regardless of the sale amount of the property. Also, unlike a commission between homeowner and their agent, the amount is based on the list price...not the sales price which is what commission is based on between the homeowner and agent. I sold an REO property for $17K over the list price...and was still only paid on the list price!!! (there was a bidding war on the property).
Once the lender has interior access to the property, they determine the price, based on the agent's market analysis and a close inspection to determine the condition of the property. And compare this information with the loan amount and fees owed on the property.
They rarely match up favorably for the lender and the lender usually will end up in the red on the property.
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I don't know about NC or GA, but in FL, I know that "drive by BPO's" are done there too........
I can see why some would do that, especially in a down market. Sometimes it's best to to get back 60 cents on the dollar and move on. Not the idea situation, obviously.
.
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I don't know about NC or GA, but in FL, I know that "drive by BPO's" are done there too as I was thinking about getting licensed in FL and talked to the company I contract with regarding doing them in the Key West area.
What the BPO does, is give the lender the current market price for the property based on exterior view with comparable properties.
Somehow the lender computes it all together and determines a minimum of what they will take on the courthouse steps. I know they use some formula, but darned if I've been able to figure it out. It used to be, that when it hit the mls, they would accept 10% less than list price. Not anymore! Sometimes they will only accept 5% or less, other times....it can be 20%. Depends on the lender, I guess.
Keep in mind, they will not get full value on the resale REO (foreclosure) market unless the house is absolutely perfect, particularly in today's market. Few are.
It is very costly to the bank to foreclose on a property and to put it on the resale market. Involved are additional attorney fees, trash out of personal possessions, debris which can run into the $1000's, interior cleaning, lawn maintenance - initial cleanup and continued maintenance during growing season which can also get very expensive, depending on the property condition - utilities are turned on, including AC and heat, in Oct - the house is winterized which here is a minimum of $125 to do, every exterior door lock is changed, any repairs necessary for safety of potential buyers, boarding up and securing the property.
Plus there is a real estate agent's commission. The company that I sell foreclosures for....they tell me the commission(6% of list price). It is non-negotiable, unlike a commission between a homeowner and a Realtor which is negotiable. They tell me what they will pay me, and how much my referral fee back to them is, with a minimum of $2500 regardless of the sale amount of the property. Also, unlike a commission between homeowner and their agent, the amount is based on the list price...not the sales price which is what commission is based on between the homeowner and agent. I sold an REO property for $17K over the list price...and was still only paid on the list price!!! (there was a bidding war on the property).
Once the lender has interior access to the property, they determine the price, based on the agent's market analysis and a close inspection to determine the condition of the property. And compare this information with the loan amount and fees owed on the property.
They rarely match up favorably for the lender and the lender usually will end up in the red on the property.
A very informative post, thanks.
I don't mean to thread hijack, but we are buying in the Atlanta area and our Realtor has warned us away from buying a foreclosure because it takes so long for the bank to do the paperwork. Have you found that to be true?
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I'm amazed at how much information a DUmmy will post for all to see about what a pathetic loser they are.
It's embarrassing.
DUmmies just have no shame.
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I'm amazed at how much information a DUmmy will post for all to see about what a pathetic loser they are.
It's embarrassing.
DUmmies just have no shame.
Yet to DUmmies, posting all this embarrassing info gives them "DUmmy street cred".
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A very informative post, thanks.
I don't mean to thread hijack, but we are buying in the Atlanta area and our Realtor has warned us away from buying a foreclosure because it takes so long for the bank to do the paperwork. Have you found that to be true?
No...I can get a foreclosure done in a week.
I wouldn't shy away from it because of the length of time, but because of possible "hidden issues" with the property condition.
Foreclosures are sold "as is -where is". If the plumbing is leaky or the wiring is not good....it is what it is. If you have extra money ( that's kind of an oxymoron in the current economy!) or you have the wherewithal to obtain additional funds in a hurry...then a foreclosure may work. If you don't....I would not even consider one, unless you have a home inspector by a licensed home inspector with a great reputation...and the HI gives the house a clean slate....or extremely minor problems, as you will have to fix them yourself.
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I'm amazed at how much information a DUmmy will post for all to see about what a pathetic loser they are.
It's embarrassing.
DUmmies just have no shame.
To them it is evidence of how mistreated,victimized they are by the unfair world around them.
The difference in outlook is astounding and even though we all know it threads like these point out how useless to society these frickin parasites are.
That lack of shame they have is very expensive for the rest of us.
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These dummies are so............................what's the word?
DUMB!
It's the democrats who have tried to put into place social engineering for people who had no business buying houses. Nothing makes me any angrier than watching Chris Dodd and Barney Frank talk about getting us out of this mess when they are part of the cause.
Hi5...same here!
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And it starts to get even funnier.
One of the other threads (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4646495#4654762)
ArrowMan (41 posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon Dec-15-08 09:19 AM
Response to Original message
51. I am pretty confused by all of this, can someone shed some light here? Please.
Edited on Mon Dec-15-08 09:20 AM by ArrowMan
Others, though, are finding creative ways around the rules. Julie Sigwart, a Web designer, is holding what she calls a “skills contest†to give away her six-bedroom, four-bathroom house with ocean views in Maui, which she has been trying to sell since last October.
As in the raffle for Ms. Crawford and Mr. Kelly’s home, she will charge a $100 entry fee, but participants will have to write an essay — the theme is “Aloha, what does it mean to you?†— which will be judged by a group of “prominent members of the community,†she said. (The judges have yet to be finalized.) Because the contest isn’t a game of chance, state approval is not required, and teaming with a nonprofit group isn’t necessary.
Ms. Sigwart has wanted to downsize for more than a year, and has repeatedly marked her house down, from $729,000 to $600,000. But the market in her area is terrible; she recently attended an open house in a nearby neighborhood and was the only person there. After a contract on her house fell through in August, her husband suggested the contest, and she created a Web site for it this week. Asked when she hopes to begin the contest and declare a winner, she replied, “As soon as possible on both counts.â€
http://www.nytimes.com/2008/09/25/garden/25raffle.html?...
symbolman Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon Dec-15-08 10:05 AM
Response to Reply #51
52. I'll answer this one, before the BULLSHIT gets too thick
Edited on Mon Dec-15-08 10:08 AM by symbolman
That home is GONE. Now OWNED by the bank. Auctioned OFF on the steps of the courthouse last FRIDAY. All monies have been returned. It was a last ditch effort to get the house into someone's hands should enough people have entered. Enough DIDN'T.
We're now Broke and Homeless.
The HOUSE is WORTH ZERO now. Get it? ALL of my wife's LIFE SAVINGS ARE GONE. GET IT?
And We are BUSY trying to find a place to live and not starve.
I haven't slept for two days.
If you are trying to slander me or create some bad impression it probably won't work, too many people know my history here, that I've spent literally hundreds of thousands of dollars fighting Bush, and have helped other people at the same time.
Don't like that photo of me, but think my wife and child look beautiful.
Starving in Hawaii is no different than anywhere else, only warmer.
Enough for you?
UNDERSTAND NOW?
Good, I've got a few lives to save, and being crippled on top of it doesn't help.
Thanks for EVERYONE who's helping us, you have my heartfelt gratitude for the rest of my life. I have to go now, sorry if I seem terse of this kind of Obvious slam really pisses me off.
And he's a cripple too?
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And it starts to get even funnier.
One of the other threads (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4646495#4654762)
And he's a cripple too?
He's "5% disabled," apparently military. Arthritis, bad back, hernia, something like that.
I have no idea how "disabled" is calculated; like for example, what percentage would deafness be? 10%? 20%? 33%?
Is "5% disabled" enough to get a military pension or social security disability?
Believe me, I don't know these things, not being damaged or disabled.
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The lesson here is: Do not question the almighty Symbolman! Everything he posts is the Allah's honest truth. He has been screwed over by the Bush administration, the BFEE, the Tri-Lateral commission, and every other organization under the sun.
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ArrowMan (41 posts) Mon Dec-15-08 01:05 PM
Response to Reply #52
53. I'm not trying to slam you, I am trying to fugure out the auction thing.
I did, however, send you money once before, quite a bit of money, in order for you to go to the Networks to see why none of them were following John Edwards. And I never heard anything about it since. What happened with that project? Also, I know of at least one other instance in which you solicited money from DU users. I'm also sorry about you being crippled. I didn't know about that either.
supernova (1000+ posts) Mon Dec-15-08 01:17 PM
Response to Reply #53
55. You're really not helping here
It's a sad thing to kick a man and his family when they are down.
Go play scrooge somewhere else.
Oh my.
And then up earlier in the bonfire, Doug's ex-wife is boasting not about herself sending a contribution, but about contacting various web-sites to raise contributions.
The usual DUmmie say, other people do.
sfexpat2000 (1000+ posts) Sat Dec-13-08 04:24 PM
Response to Original message
7. Sent to the CA Greens. And going through my address book.
Don't panic. Let's just get to work.
sfexpat2000 (1000+ posts) Sat Dec-13-08 04:26 PM
Response to Original message
8. Has anyone contacted Mike Malloy or Thom?
sfexpat2000 (1000+ posts) Sat Dec-13-08 04:31 PM
Response to Original message
9. Sent to Michael Moore.
I'm confused; I thought Thom Hartmann died a few months ago.
Or perhaps that was Pete Camejo. I always get them mixed up.
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The lesson here is: Do not question the almighty Symbolman! Everything he posts is the Allah's honest truth. He has been screwed over by the Bush administration, the BFEE, the Tri-Lateral commission, and every other organization under the sun.
Pretty much; apart from one, due to a scheduling error symbolman was busy being taken from behind by an Illuminati when the Bilderberg representative showed up. :(
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He's "5% disabled," apparently military. Arthritis, bad back, hernia, something like that.
I have no idea how "disabled" is calculated; like for example, what percentage would deafness be? 10%? 20%? 33%?
Is "5% disabled" enough to get a military pension or social security disability?
Believe me, I don't know these things, not being damaged or disabled.
Shit, Frank. 5% disabled in the mlitary could mean he has a slight hearing loss. A good friend on mine retired before 9/11, spent his whole military career in the Scouts, never injured, never saw combat, and has 85% diability. (Mostly knees, back, and hearing loss). Calling yourself crippled with 5% diability is just a way to bilk others out of money.
It's BULLSHIT.
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[Mark Crispin Miller] Two heroes are now homeless
December 13th, 2008
Micheal Stinson–a/k/a Symbolman–and Julie Sigwart, the couple behind
Take Back the Media, are now homeless. Like millions of their fellow citizens, they
lately had the hideous experience of watching as their house was auctioned off:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389×4641233#4641240
Although they’re not people of means (obviously), over the years they’ve spent at
least $200,000 on their work against the Bush regime; and that work has been
invaluable. It was they, for instance, who first interviewed Don Siegelman, on
video, about the theft of his re-election in 2002; and they’ve done lots more in
the same bold investigative spirit (much of it with a certain piercing humor).
So if there’s any way to help them out, even if it’s just by helping spread the
word, please do so.
MCM
So, these two DUmmies have blown $200,000 of other people's money on what, exactly?
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symbolman (1000+ posts) Sat Dec-13-08 09:56 AM
Response to Reply #92
100. nothing to do with taxes
has to do with them wanting $35 thousand dollars TODAY (Yesterday), telling us that if we paid the next three months mortgage without fail, that they'd do a workout, sort of refinance, and we'd be fine, back in the saddle, and they told us not to WORRY, there was no action as far as auctioning the property off, they were going to send papers.
a Lie. they never did, think "Bait and Switch", think my wife, a realtor who's versed in this, lawyers hanging up, while some prick said that we couldn't talk to his supervisor and "Is there anything Else I can HELP you with.." WHILE the auction is going on at that MOMENT.
They NEVER notified us of the auction, they LIED. It was a sleazy scam and now we're SCREWED.
And it has nothing to do with Taxes in the least.
SOrry, I can't go on about it..
But I would like to THANK everyone for their generosity, you're all in our hearts.
I'm broken, can't even keep going here, sorry. But still grateful for my friends trying to get me beyond at least this much of the HUGE hump.
Gotta go lay down, haven't sleep, may not for a while.
Love to all, can't get over this sleazy rip off by these asshats.... sorry.. can't maintain right now.
You know I learned the hard way to never believe what the mortgage company says they sent me. You have to keep in contact with them and keep aggravating them if you have not received papers they say they sent,document every conversation get names of every person you speak with and keep on them! It sounds like he just kind of blew off the whole thing...the last thing these banks want to do right now is foreclose...they are bending over backward to have that not happen!
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So, these two DUmmies have blown $200,000 of other people's money on what, exactly?
That's been a cause for speculation for some time now.
The symbolic primitive for years has alleged to spend "$200,000" working against the Republicans.
But he's never been more specific than that.
Better had he spent "$200,000" on the mortgage.
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So, these two DUmmies have blown $200,000 of other people's money on what, exactly?
Hosting a website basing Bush. Traveling all over the country to bash Bush. That should have been tax deductible in Symbolman's feeble mind.
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So, these two DUmmies have blown $200,000 of other people's money on what, exactly?
Interviewing a corrupt state Governor who is currently in prison. Though to be fair that may yet become a series of documentaries. :-)
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Hosting a website basing Bush. Traveling all over the country to bash Bush. That should have been tax deductible in Symbolman's feeble mind.
Tax deductible? Hell, he probably feels it should have been taxpayer funded. :lmao:
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Interviewing a corrupt state Governor who is currently in prison. Though to be fair that may yet become a series of documentaries. :-)
Which only about 5,000 people will ever see.
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How can ya not know your house is bein foreclosed on? How does your house just get sold out from under ya without knowin it's gonna happen? Damn dude I think I'd been payin more attention to my own biz than fightin Bush....
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How can ya not know your house is bein foreclosed on? How does your house just get sold out from under ya without knowin it's gonna happen? Damn dude I think I'd been payin more attention to my own biz than fightin Bush....
Yeah, but that would require personal responsibility, and we know how good the DUmmies are at that, Ree.
Chimpeachment trumps personal responsibility to the DUmmies.
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He's "5% disabled," apparently military. Arthritis, bad back, hernia, something like that.
I have no idea how "disabled" is calculated; like for example, what percentage would deafness be? 10%? 20%? 33%?
Is "5% disabled" enough to get a military pension or social security disability?
Believe me, I don't know these things, not being damaged or disabled.
No, that requires at least 30%. 5% is basically something like some loss of range of motion in one joint, or even the normal effects of aging if it occurred during service. It basically entitles you to VA treatment for the condition (which is not considered at that level to interfere with major life activities at all) and that's about it.
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No, that requires at least 30%. 5% is basically something like some loss of range of motion in one joint, or even the normal effects of aging if it occurred during service. It basically entitles you to VA treatment for the condition (which is not considered at that level to interfere with major life activities at all) and that's about it.
Okay, I wondered.
That "5% disabled" figure by the way comes from one of BamaMoose's threads about the cymbals primitive; a judge in Alabama describing the cymbals primitive as "5% disabled."
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The fact that he would have even dragged such a trivial and pathetic claim into his case in a futile attempt to evade his responsibilities, however, is entirely consistent with everything else he's shown us about his moral fibre.
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That's been a cause for speculation for some time now.
The symbolic primitive for years has alleged to spend "$200,000" working against the Republicans.
But he's never been more specific than that.
Better had he spent "$200,000" on the mortgage.
Looking at his 'web-site'...hell Mine looks better, and I am not a 'computer web-design' dude. Only 9 blog entries, and most of those are cut and paste.
$200,000 my ass.
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Yeah, but that would require personal responsibility, and we know how good the DUmmies are at that, Ree.
Chimpeachment trumps personal responsibility to the DUmmies.
Call me crazy, but I just cant wrap my brain around spendin 600,000 on a house...Especially if ya don't have a full time job("get Bush") ain't a job(it's a "pie in the sky" hobby)
I still can't see spendin that for a house unless I was makin 300,000+ a year and knew I wouldn't lose my job.........
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Okay, I wondered.
That "5% disabled" figure by the way comes from one of BamaMoose's threads about the cymbals primitive; a judge in Alabama describing the cymbals primitive as "5% disabled."
I think they started factoring in sheer stupidity a few years back when determining stuff like that.
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Shit, Frank. 5% disabled in the mlitary could mean he has a slight hearing loss. A good friend on mine retired before 9/11, spent his whole military career in the Scouts, never injured, never saw combat, and has 85% diability. (Mostly knees, back, and hearing loss). Calling yourself crippled with 5% diability is just a way to bilk others out of money.
It's BULLSHIT.
They offered my wife 50% disability when she seperated because of her shin splints. She told them to get stuffed and to give the money to someone who NEEDED it.
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They offered my wife 50% disability when she seperated because of her shin splints. She told them to get stuffed and to give the money to someone who NEEDED it.
50% for shin splints? Wow.
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How can ya not know your house is bein foreclosed on? How does your house just get sold out from under ya without knowin it's gonna happen? Damn dude I think I'd been payin more attention to my own biz than fightin Bush....
With the DUmmies, I think you need to explain, in a step-by-step manner, whether or not they’ve been foreclosed on:
1. Do you remember paying your mortgage this month? If yes, STOP, otherwise go to Step 2.
2. Do you remember paying your mortgage last month? If yes, STOP and go pay this month’s mortgage, otherwise go to Step 3.
3. Do you remember the last time you paid your mortgage? If yes, STOP and get your mortgage current, otherwise go to Step 4.
4. Put out joint, put bag of cheetos on the floor and stand up. Are you experiencing vertigo? If yes, sit back down and rest prior to proceeding to Step 5, otherwise go to Step 5.
5. Are you wearing pants? If yes proceed to Step 6, otherwise put pants on before proceeding to Step 6.
6. Open front door and step outside. Carefully examine front door and exterior wall in the immediate vicinity of the front door. Are there any official looking pieces of paper stapled to your front door or the exterior wall in the immediate vicinity of the front door? If no, proceed off your front porch, down the stairs and up the sidewalk to the employment office and get a job ya hippie. If yes, proceed to Step 7.
7. Have a non-DUmmie adult, or a mature child, read the official looking pieces of paper. If the phrase “Notice of Foreclosure†is on any of the pieces of paper you have been foreclosed on.
This has been a Public Service Announcement.
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With the DUmmies, I think you need to explain, in a step-by-step manner, whether or not they’ve been foreclosed on:
1. Do you remember paying your mortgage this month? If yes, STOP, otherwise go to Step 2.
2. Do you remember paying your mortgage last month? If yes, STOP and go pay this month’s mortgage, otherwise go to Step 3.
3. Do you remember the last time you paid your mortgage? If yes, STOP and get your mortgage current, otherwise go to Step 4.
4. Put out joint, put bag of cheetos on the floor and stand up. Are you experiencing vertigo? If yes, sit back down and rest prior to proceeding to Step 5, otherwise go to Step 5.
5. Are you wearing pants? If yes proceed to Step 6, otherwise put pants on before proceeding to Step 6.
6. Open front door and step outside. Carefully examine front door and exterior wall in the immediate vicinity of the front door. Are there any official looking pieces of paper stapled to your front door or the exterior wall in the immediate vicinity of the front door? If no, proceed off your front porch, down the stairs and up the sidewalk to the employment office and get a job ya hippie. If yes, proceed to Step 7.
7. Have a non-DUmmie adult, or a mature child, read the official looking pieces of paper. If the phrase “Notice of Foreclosure†is on any of the pieces of paper you have been foreclosed on.
This has been a Public Service Announcement.
:rotf:
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He's "5% disabled," apparently military. Arthritis, bad back, hernia, something like that.
I have no idea how "disabled" is calculated; like for example, what percentage would deafness be? 10%? 20%? 33%?
Is "5% disabled" enough to get a military pension or social security disability?
Believe me, I don't know these things, not being damaged or disabled.
From my years with the VA, and things may have very well changed, one did not get compensation until reaching 20%. A rating less than that gets the vet a SC in his chart which gives him priority over vets who are not SC. A SC vet may get an appointment over a non SC vet. A SC vet may be qualified for tertiary services over a SC vet. A SC vet may not have to pay a copay for meds and visits while a non SC vet does. It's also a ranking system for use if the system becomes completely overwhelmed.
A vet can apply for SC any time after ETS. Upon receipt of the claim the vet is seen by the C&P doc who makes an examination and renders his findings to the board. This same process takes place if a vet feels his/her SC condition has worsened through the years. The process is rarely swift, but there have been accounts of it taking less than 4 months.