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Perhaps this is a part of President Obama’s Economic Recovery Act by directing his former employer, ACORN, to break back into foreclosed properties and trespass with the former owners.
This is funny, especially when they tell you at the end that the house they broke into is already owned by someone else and the footage is on the news for everyone to see:
I’m betting this woman signed the papers on an adjustable rate mortgage and she’s now angry/surprised when it adjusts up $300 a month. This isn’t to say that I don’t feel compassion for people in her situation, however, it’s not my fault she didn’t read what she signed. The mortgage company is to blame for giving her a mortgage they knew she couldn’t afford and she’s to blame for signing on a mortgage she knew she couldn’t afford.
It’s not my responsible to pay for her greed of wanting a house she couldn’t afford.
Do people not understand the concept of an adjustable rate mortgage? Yes, you can afford the payment today, but can you afford it 6 months to a year from now if the rate adjusts and your payment goes up? Does anyone stop and think?
Major Update
Apparently ACORN and the woman picture in the above video are liars, big shocker.
Michelle Malkin has busted this wide open:
On Feb. 18, I warned about the ACORN civil disobedience mob working in ideological tandem with Barack Obama to bully Washington into passing a massive new foreclosure prevention/mortgage entitlement scheme. On Feb. 20, I noted that ACORN garnered nationwide media attention for breaking and entering into a foreclosed home in Baltimore at 315 South Ellwood Ave. ACORN vows to use “any means necessary” to stop foreclosures. Baltimore police have taken fingerprints at the break-in site and the current owner, William Lane, says he will sue ACORN. The home was sold in June 2008 for $192,000. This morning, ACORN official Louis Beverly will face a burglary charge. Look for the Left to turn him into a martyr.
It is not your home, ACORN.
Here is what the MSM won’t be telling you about the so-called “victim” in that case, ACORN worker Donna Hanks — all based on public records and court documents.
According to real property data search information, Hanks bought the two-story home in the summer of 2001 for $87,000. At some point in the next five years, she re-financed the original home loan for $270,000.
Question: Where did all that money go?
The house initially went into foreclosure proceedings in the spring of 2006. In July 2006, Hanks filed for bankruptcy and agreed to a Chapter 13 plan which was served to the following creditors: Americas Servicing Co, Bank Of America, Chase, Covahey, Boozer, Devan & Dore, and Discover. She agreed to repay $10,500 in arrears, which resulted in a halt to the 2006 foreclosure.
In September 2006, the bankruptcy court ordered Hanks’ employer to deduct $340/month from her salary as a bartender to pay down the debt (total net monthly take home pay of $1,228).
Hanks’ Schedule I showed additional monthly income of $1,625 for a second and third claimed jobs, plus pro-rated tax refund income.
Hanks did not comply with the plan. In December 2007, the servicer issued a notice of default on nearly $7,000 past due.
In February 2008, Baltimore City Circuit Court records show a second foreclosure action was filed.
She had two years to pay what she owed. She failed to comply.
When she told local TV station WJZ that her evil bank raised her mortgage by $300 (”The mortgage went up $300 in one month”), she’s talking about the amount in arrears that she agreed to pay back.
While she was reneging on her mortgage IOUS, she managed to collect rent on her basement (for which she was taken to court) and rack up a criminal record on charges of theft and second degree assault.
So there you have it, see Michelle’s original original post which includes all the documents and links to go along with the story.
These are the “victims” your hard-earned tax dollar are going to help. People who buy $87,000 houses and then refinance for $270,000 and are now having financial difficulties, go figure.
ACORN was corrupt when Obama worked for them and they’re even more corrupt today, when will he condemn this behavior of breaking and entering into foreclosed homes? My guess is never because of hope and change my friends, hope and change.
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I’m going to make a wild guess. Original owner had no broker or lawyer. Knew she was not qualified under standard practices.. And went herself to get the loan.. Just my guess. Either pofessional would had advised her.
Yes mortgage company is at fault. Greed by loan compant and law signed by Clinton and overviewed by Frank, who said there was no problem in famous speach most of us have seen video of.. She in fact did it to herself.
We need to arrest ACORN people who break the law. After terrorist are let go, put convicted in jail at “Gitmo”
No, the mortgage company is NOT at fault completely. And don’t assume, Bill, that this woman bought the home without a realtor or agent with her. I doubt it.
Mortgage companies are in the business of loaning money, and adjustable rate mortgages have been around a very long time. In the 80’s, when interest rates went to 18%, an adjustable rate was a good bet, and most times the best way to go. And if you had one, you usually won because rates started to fall. Not so anymore, but when given the CHOICE, people still choose this mortgage because they think it’s worth the gamble. This woman lost the gamble, and her house.
Nothing that the woman or the mortgage company did justifies what ACORN is doing. They have the evidence on film, someone needs to be sitting in jail this morning, including the woman.
Nate
This is just the begining. Acorn goes all out on all things.
http://www.nytimes.com/20.....close.html –
Babs
I only watch Fox news. I have not heard of any trials for Acorn people?
Babs
I always hear these home owners say they did not know. Assuming they are TELLING the TRUTH, they must not have had broker (why would they lie- ha ha). A broker is required to explain contract.
Or
Do they have their listening ears on
Judge Judy
……
How do I get my fancy button. I go around and around when I try. I hope I can get Porky Pig
Bill, I said to my husband two years ago when the bubble was about to burst, watch the states that do not require the buyer to obtain an attorney for closing. Well I’m sad to say that I was right. Now most people hate lawyers..blah…blah…blah…but the truth is, they are there to make sure that their client understands the terms of any contract, to act in the best interest of the client. The states with the highest foreclosure rates, NV,FA etc do not require an attorney for the buyer at closing. So if your not going to read the paper work b/c some are just to lazy (admit it) to go through and take your time and read what your contractually obligated to pay, then you need an attorney to do the leg work for you. This is why the legal profession will always be lucrative, the attorney has a fiduciary duty to act on your behalf.
Why is an organization like ACORN still around? They should be shut down by now, shouldn’t they? Oh that’s right, there in the pockets of every democratic congressmen, senator and yes our President. Good times! All I can say is this, if someone broke into my house, the house I purchased and personally hold the deed to, my second amendment right would be thoroughly explored.
Conservative Gal
If you oun a business. A minority can sue you for not hiring them for discrimination, 20 years after the fact. Even though you can not reasonable defend yourself properly. Does not matter.
I understand in some States if you kill an inturder you are in trouble. Like you, they will be dead meat in my house. No matter the circumstance I would face.
The poor with no lawyer, how scary. Where is the outraged by those looking out for there welfare. o ?
You and/or Nate should write a history of Acorn. The checkered past before it was called Acorn. The roots to present day. Maybe get published ? Maybe Whoppe and Opra will star in the movie
Why should a story like this surprise us. I remember on election day thugs from Acorn were posted outside a school/polling place and would ask voters who they were voting for as the entered.It wouldn’t surprise me if the houses were trashed inside and out after they are made to leave or the new owners life is made a living hell.It also wouldn’t surprise me if the current administration is in cohoots with them and use their official power to asist Acorn.They did it with Joe the Plumber and they showed they don’t like being questioned.
DDMao
I remember and agree with you. In tape acorn guy calls it civil disobidence. With acorn planning to continue doing this and after looking up the terms I think it is approching civil anarchy
Acorn is nothing more than the administrations official version of Obama’s Black Panthers.I say official because as long as they are funded by the administration (and our tax dollars)they are condoned by them.If questioned about their practices I am sure the administration would deflect the question to make it sound like these poor people never should have lost their homes in the first place.
Why are we sponsoring such thuggery with tax dollars that in the 1940’s were called the Brown Shirts and use strong arm tactics that the liberal left were accusing the previous administration of.WHERE IS THE OUTRAGE?
The ONLY good thing about this is we got “transparanacy” with it being showen on the news.
Big joke of the day
o says time to stop loading debt on next generation
Bill you are 100% correct. In some states the intruder can actually sue you if injury occurs in YOUR house. I’m originally from NY state and in one of my law classes we studied a case in NY of a man who broke into a house, when he was exiting the home with the owners belongings the intruder fell and broke his leg on the the freshly mopped floor. The intruder sued, won the case and damages were rewarded. I could not believe what I was reading. My brother-in-law use who worked security for a casino in Vegas and saw two cars get into an accident, both men got out and started arguing. One man starting beating the other with a pipe, the man who was being beat ran back to his car to retrieve his gun, shot the man with the pipe dead. When the cops arrived they took the man with the guns statement, it was clear self defense and the cops released him with no charges pressed. What a difference in states. Remember the man last year who killed the two intruders who were breaking into his neighbors house? The courts found him not guilty. God bless Texas!
Conservative Gal
Be ready to get SICK. Not all is well in Texas
The farmer who held illegals in Texas (Federal )for authorites (on his property). Cost him like $79,000. Only A LIBERAL could understand this. Wonder what he will do next time ? Give them kool aid ? Keys to his house ?
Farmer saw a law being broken and did right in my book. What do I know…
o wants to give illegals social security, health care, unemployment, citizenship, $ 1,000,000 ( who knows, maybe), etc…. o only wants his vote …forever
Conservative Gal or DDMao
Can you explain this to me. Please.
I believe this says Ice is thicker than we thought. But is not clear to me. Do they want me not to understand this.
I don believe in CLIMATE CHANGE. Does this support my view ?
http://omniclimate.wordpr.....g/sea-ice/
On the update: This is what we seem to find on all of these people looking for their 15 minutes of fame. Recall the lady (Hughes, I think) in the crowd in Florida crying on Obama’s shoulder. He gave her a kiss on the cheek for the cameras, and then someone else gave her a house. But in reality, she had turned down assistance time and again because it wasn’t totally FREE. She was given 3 months free rent on an apartment that would have cost her $400 per month after the free 3 months – she turned it down because she said she couldn’t afford the rent since her disability check was only $600 a month. She was offered free job training – she turned that down also. She did accept the food stamps, and the free lodging that she was given as a result of her performance with Obama, however. Go figure.