Man bulldozes home after bank begins foreclosure

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Mike Manson

Still Livin'
Apr 16, 2005
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#41
I agree with Pokeki Iou Mumu, but at the same time can't understand people buying all kinds of shit on credit. Don't spend money you don't have!

I know it is all about having this and that in the US, but people are not forced to buy shit, are they?
 
Jul 6, 2008
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#43
its all about keeping up with thy ndeighbors the jonses. if you dont then you will look like a square bear. image is and will always be the only thing here in this country.

who wants to look like a lsoer in this day and age.

they had a 20/20 show a while back adn it shows a family of four, dads a software enginner making 90k a year, but they cant afford their lifestyle, so if they sold everything they had, they would only be left with 16k in assets - this all they really owned was 16k.

the rest of it is an illusion taht was borrowed. the american dream is a borowed illusion.
 

Dana Dane

RIP Vallejo Kid
May 3, 2002
26,982
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#45
I was in the mortgage business for 15 years, and everyday did the paperwork for loans we flat out knew people couldnt afford, we made them think they would have a super low rate without properly counseling them that it was a 1 month teaser rate and within 5 months their payments would triple, we bold faces lied to banks and lenders.

Having said that, I think the banks are somewhat to blame for turning a blind eye to what ws going on, but at the same time, its on the greedy ass mortgage brokers who only saw commission and not what was right for their borrowers.

oh and.........FUCK YEAH BULLDOZE THAT SHIT! LOOLOLOL!
 
Jan 7, 2004
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#46
I was in the mortgage business for 15 years, and everyday did the paperwork for loans we flat out knew people couldnt afford, we made them think they would have a super low rate without properly counseling them that it was a 1 month teaser rate and within 5 months their payments would triple, we bold faces lied to banks and lenders.

Having said that, I think the banks are somewhat to blame for turning a blind eye to what ws going on, but at the same time, its on the greedy ass mortgage brokers who only saw commission and not what was right for their borrowers.

oh and.........FUCK YEAH BULLDOZE THAT SHIT! LOOLOLOL!
Yeah I remember watching a 20/20 or 60 minute special about how everyone from top guy to the bottom guy in the Mortgage company were lying and fixing numbers to get the sales. They had motivation because so much of it is commission based. So tell a lie get more money, whoever tells the most lies gets a bonus and so on and so forth. Then it goes to the bank and who are they to turn down money and call out errors, they just let all of it go as well.

The special I watched had people making less then $50,000 a year and owning 3 houses, the paperwork stated they made over $100,000 a year with no proof of income or bank statements, all very shady stuff.

While I might slightly disagree with him bulldozing only because the bank does have to get there money some way. I think I would do something similar or at least completely strip the house,fridge,copper piping,wooden floors etc;
 

MKB

Sicc OG
Dec 19, 2002
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#48
yes, fuck the bankers man fo reals.

now, that they ahve all these foreclosures. they are holding back on inventory, buy not offering out into the real estate market.

what that does is keeps the homes that are on the market at the same levels they have been for years. instead during a down turn the market should see prices dramatically decresing, but since the illusion is there that there arent enough homes on the amrket, the prices stay the same.

these fucker bankers are scamming the market to the fullest by withholding their forclosure inventory.

this is one of the reasons why even in a down market it is still hard as fuck to afford owning a home, the prices arent going down enough to reach people.

this country is in deep shit this decade.
I am looking at houses right now and that shit is fucked up, I know there are a bunch of homes out there but in the last week only 3 new houses have come on the market in the areas that I am looking. My real estate agent who is a family friend was telling me that the banks plan on releasing a bunch of foreclosures in 1 or 2 months but I was hoping to find something sooner. I guess I just need to be patient.
 
Sep 20, 2005
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FUCK YOU
#49
foreclosure houses are jew my bro was gonna get one had appliances only thing that was fucked up was the carpet they ended up taking pretty much everything out the house appliances mirrors and other shit they accepted his offer and then took everything out