tag:blogger.com,1999:blog-1194375569044391746.post211962675027544092..comments2024-03-29T09:05:56.135-04:00Comments on Corporate Justice Blog: Time to Fire-up the Dodd-Frank Orderly Liquidation AuthoritySteven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1194375569044391746.post-23972455103888233042010-11-08T14:44:19.450-05:002010-11-08T14:44:19.450-05:00I agree with Robert Shillers unfortunate outlook o...I agree with Robert Shillers unfortunate outlook on the housing market. Having dealt with multiple lenders who are now no longer in business, I have seen how the government plan of selling off defunked notes to hungry private firms for pennies on the dollar, creates a situation where there is no incentive for the firm to uphold the integrity of the prices. The low amounts at which these notes are being bought, afford private companies the luxury of selling lower than they should and still making huge profits while pummelling the area pricing on many sectors of the market. <br /><br />Once the absorbtion rate has stabilized and the mass of unsold inventory has equalized, we should see prices starting to rise so long as the private firms are still able to hold onto investments and reach maximum profits.MarcS (FIU)noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-15680231608889457162010-10-31T22:26:56.158-04:002010-10-31T22:26:56.158-04:00Foreclosure Frauds, the Fox in Charge, Elephants h...Foreclosure Frauds, the Fox in Charge, Elephants hiding in Plain Sight, and Victims<br /><br />Mortgage lenders cannot be trusted to correct foreclosure wrongs, no more than an addict can be trusted to self-reform; and lenders aren't required to know laws –attorneys are!<br /><br />Also, people who scowl at "deadbeats" don't know everyone's situation. NOT all defaulted owners obtained ill-affordable mortgages. Scores of defaults arose from divorce, medical bills,'outsourced' jobs, etc. And some elderly people were tricked into usurious "home repair" refinancing.<br /><br />Understandably, it seems that defaulted owners seek to ‘beat the system’ –a small amount of them do. But people I relate to aren't seeking to get a 'free' home, they're willing to pay rent.<br /><br />Still, why / how should owners be blamed for refusing to cooperate with erroneous and fraudulent confiscation of their homes? Who can blame people for not wanting to be homeless if there is a LAWFUL method to avoid it?<br /><br />Also, compare blighted neighborhoods and foreclosure deed conveyances to non-existent mortgage lenders; bankruptcy "Lift Stay" motions that "lack standing," and names on "proof of claims" different from 'lift stays' "movers"; and illegal property deeds. If homeowners 'move out', scoffers will welcome void and blight –and rats and vagrants eventually will come and go. [AND foreclosure "white collar" elephants hide in plain sight] *Foreclosure Frauds, Wells Fargo -the Fox in Charge, and Victimization @ http://newsblaze.com/story/20101028181052lawg.nb/topstory.html/Barbara Ann Jacksonhttps://www.blogger.com/profile/07744141982092489224noreply@blogger.com