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Getbig Main Boards => Politics and Political Issues Board => Topic started by: SAMSON123 on February 20, 2010, 07:09:07 PM
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This is another example of the people turning against the TYRANTS/TYRANNY.
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why do people get upset at banks when they are the one's who agreed to the contract? Why couldn't the fag live in an apartment instead of some lavish spread?
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why do people get upset at banks when they are the one's who agreed to the contract? Why couldn't the fag live in an apartment instead of some lavish spread?
huh?...still home with your parents without anything to worry about I see.
THe bank tried to take his home even though he was able to pay the mortgage. Everything about this case is NOT in this news clip. This man went through some financial difficulty... Got himself together financially... continued to make payments on the house which the banks refused to accept because they wanted to take his house and sell it at a higher price than it is worth. He battled legally for quite some time to stop the process of foreclosure being that it was not based on him not being able to pay the mortgage. The banks did not want to hear of it, so he said he would bulldoze it to the ground...which he did. Thanks to the lengthy battle to save his home his business suffered as well and now the bank wants to foreclose on it. I hope he rents that bulldozer again...
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huh?...still home with your parents without anything to worry about I see.
THe bank tried to take his home even though he was able to pay the mortgage. Everything about this case is NOT in this news clip. This man went through some financial difficulty... Got himself together financially... continued to make payments on the house which the banks refused to accept because they wanted to take his house and sell it at a higher price than it is worth. He battled legally for quite some time to stop the process of foreclosure being that it was not based on him not being able to pay the mortgage. The banks did not want to hear of it, so he said he would bulldoze it to the ground...which he did. Thanks to the lengthy battle to save his home his business suffered as well and now the bank wants to foreclose on it. I hope he rents that bulldozer again...
Uh...no I have my own house. Nothing was said about his situation on how he wound up in foreclosure. I guess I was just supposed to know his whole history already. ::)
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I was going to post this hahahaha
Was right in my area, good for him...
Love it.... ;D ;D ;D ;D
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I hope we see a lot more of this in the coming months/years.
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It would certainly make financial institutions think twice.
Reminds me of a strategy a friend used against a very litigious individual trying to get his money.
He was sued and lost, and it was ordered that profits from a join venture business he was part of bbe used to satisfy the judgement.
Fortunately, he was structured in such a way that the company could pay for his living expenses, provide him a salary, and as a managing director, he was able to reinvest all profits back into the business.
Instead of a big payday, ...the guy who sued him ended up with a huge tax bill for profits he did not receive, was unable to spend, and unable to allocate any control whatsoever over. My friend said "Damn... I should get sued like this everyday!"
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here in FL, the usual method is to fill all your drains with concrete powder the day they evict your ass.
The bank discovers tens of thousands of plumbing bills... that shit moves into septic tanks and pipes and turns to stone. They can't prosecute... you did the shit to your own home.
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This is another example of the people turning against the TYRANTS/TYRANNY.
something is missing from this story.
The guy said he only owed 160k on a 300k home and the bank was "taking it wrongly" as he put it
Most likely the home is not worth 300k and almost certainly whatever problem this guy is having it was the result of his own choices and he's too stupid to understand and deal with it.
I wouldn't be suprised if he's a teabagger too
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something is missing from this story.
The guy said he only owed 160k on a 300k home and the bank was "taking it wrongly" as he put it
Most likely the home is not worth 300k and almost certainly whatever problem this guy is having it was the result of his own choices and he's too stupid to understand and deal with it.
I wouldn't be suprised if he's a teabagger too
DUH!!!!!
The guy can pay his mortgage...The issue is the bank want to foreclose on his home and property so they can resell it AT A HIGHER VALUE THAN WHAT IT IS WORTH. Despite fighting with the banks for some years over this, the bank refused/refuses to accept his mortgage payments. Essentially forcing him into foreclosure because the bank wants the house. This should have been a easy slam bam court case, where the guy keeps his home ans the bank loses out. Clearly the banks tactics were ILLEGAL and based on profit and greed.
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DUH!!!!!
The guy can pay his mortgage...The issue is the bank want to foreclose on his home and property so they can resell it AT A HIGHER VALUE THAN WHAT IT IS WORTH. Despite fighting with the banks for some years over this, the bank refused/refuses to accept his mortgage payments. Essentially forcing him into foreclosure because the bank wants the house. This should have been a easy slam bam court case, where the guy keeps his home ans the bank loses out. Clearly the banks tactics were ILLEGAL and based on profit and greed.
you're joking right?
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WTF Straw... Shouldn't be hard to find out. Call the station, get the address, enter it into the yahoo realestate comps and you'll get a good idea of the value of the home. by the number of structures he had there, I wouldn't say it's off, before you call bullshit, fucking prove it. It's easy to do, I just told you how.
I'm calling bullshit based soley on what is being shown here
I don't care nearly enough to go do all the shit you said
This guy most likely mortgaged his house to the hilt, the value dropped, he couldn't make the payments (perhaps his biz dried up - seems he was in construction), probably didn't pay his taxes, etc...
all normal shit that happens ever day
Think about this for about 5 seconds
if the house was really worth 300k+ and he only owed 160k then he just destroyed 140k of his own equity which he could have converted to actual money by selling the house.
like is said in the first sentence of my post ......something is MISSING from this story
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DUH!!!!!
The guy can pay his mortgage...The issue is the bank want to foreclose on his home and property so they can resell it AT A HIGHER VALUE THAN WHAT IT IS WORTH. Despite fighting with the banks for some years over this, the bank refused/refuses to accept his mortgage payments. Essentially forcing him into foreclosure because the bank wants the house. This should have been a easy slam bam court case, where the guy keeps his home ans the bank loses out. Clearly the banks tactics were ILLEGAL and based on profit and greed.
How can the bank foreclose on a current mortgage? Now if he got behind and the bank figured foreclosure was more profitable that's another story. He'll probably get sued for destroying the bank's property.
Like Straw Man said. Something is missing from this story. This guy could have had an ARM, interest only, No-Doc, Low-Doc or just plain been going broke in the business and the bank wouldn't refinance the loan at an attractive rate.
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so you doubt a house like that could have been valued at 300,000? LOL Clueless much? Depends on where it is. You have absolutely no ground to call bs because it's easy as fuck to show you homes valued at that that look like that on that much ground depending on where they are. So basically you're talking out your ass without all the info. Which means you should stfu unless you know. I gave you a few simple steps to prove us all wrong but you don't want to go through a 5 minute phone call and 30 second yahoo comp search to find out ::)
you're calling me clueless?
did you actually read your own post above
based solely on the scant information provided on this thread I can render an opinion just like anyone else and there is clearly something missing to this story. Anyone who knows anything about real estate (and I'm not sure you're in that group) knows the bank can't just take someones property without cause
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I guess you did not read my post. You said, "Most likely the home is not worth 300k" That is what I had issue with. How the fuck do you know Straw?
just a guess becasue if he had 140k in equity he wouldn't have plowed it under
I actually did some searching in the internet and supposedly he had a buyer @ 170k but claims the bank said they could get more for it.
http://www.gather.com/viewArticle.action?articleId=281474978057961&grpId=3659174697244816
Again .....SPECULATION on my part. But in order to be in this situation he would have to be in default on his loan and the bank has every right to proceed with foreclosure. If the bank could actually sell it for more than 170k he might actually see some money out of the deal after fees, penalties, tax liens, etc.. are paid.
from the short clip at the beginning of this thread this guy is portrayed as some innocent victim when this whole situation was almost certainly caused by his own actions and choices
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just a guess becasue if he had 140k in equity he wouldn't have plowed it under
I actually did some searching in the internet and supposedly he had a buyer @ 170k but claims the bank said they could get more for it.
http://www.gather.com/viewArticle.action?articleId=281474978057961&grpId=3659174697244816
Again .....SPECULATION on my part. But in order to be in this situation he would have to be in default on his loan and the bank has every right to proceed with foreclosure. If the bank could actually sell it for more than 170k he might actually see some money out of the deal after fees, penalties, tax liens, etc.. are paid.
from the short clip at the beginning of this thread this guy is portrayed as some innocent victim when this whole situation was almost certainly caused by his own actions and choices
He is the innocent victim, because if payment was going to be made and the bank REFUSED it , it is not his fault for the foreclosure. Also the bank admitted of their own that they wanted to sell the house for a higher price than it is worth. The picture of the property shows a very nice home, land, pool etc. Snap out of your stupidity and stop looking to blame the victim
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He is the innocent victim, because if payment was going to be made and the bank REFUSED it , it is not his fault for the foreclosure. Also the bank admitted of their own that they wanted to sell the house for a higher price than it is worth. The picture of the property shows a very nice home, land, pool etc. Snap out of your stupidity and stop looking to blame the victim
show me some detail to support your statement that "payment was going to be made and the bank refused"
if he was in defualt (late payments, penalties, property tax etc..) and was going to cure that default and was within the legally defined period in which to do so then let's see some proof.
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show me some detail to support your statement that "payment was going to be made and the bank refused"
if he was in defualt (late payments, penalties, property tax etc..) and was going to cure that default and was within the legally defined period in which to do so then let's see some proof.
Frustrated Owner Bulldozes Home Ahead Of Foreclosure
Man Says Actions Intended To Send Message To Banks
MOSCOW, Ohio --
Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique.
Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home.
"When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it – no, I wasn't going to stand for that, so I took it down," Hoskins said.
Hoskins said the Internal Revenue Service placed liens on his carpet store and commercial property on state Route 125 after his brother, a one-time business partner, sued him.
"The average homeowner that can't afford an attorney or can fight as long as we have, they don't stand a chance," he said.
Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.
Hoskins told News 5's Courtis Fuller that he issued the bank an ultimatum.
"I'll tear it down before I let you take it," Hoskins told them.
And that's exactly what Hoskins did.
Man Says Actions Intended To Send Message To Banks
The Moscow man used a bulldozer two weeks ago to level the home he'd built, and the sprawling country home is now rubble, buried under a coating of snow.
"As far as what the bank is going to get, I plan on giving them back what was on this hill exactly (as) it was," Hoskins said. "I brought it out of the ground and I plan on putting it back in the ground."
Hoskins' business in Amelia is scheduled to go up for auction on March 2, and he told Fuller he's considering leveling that building, too.
RiverHills Bank declined to comment on the situation, but Hoskins said his actions were intended to send a message.
"Well, to probably make banks think twice before they try to take someone's home, and if they are going to take it wrongly, the end result will be them tearing their house down like I did mine," Hoskins said.
Man Has No Regrets Over Bulldozing House
Hoskins said he's heard from people all over the country since his story first aired Thursday, and he said most have been supportive.
He said he sought legal counsel before tearing down his home and understands the possible consequences, but he has never doubted his decision once he made it.
"When I knew I was going to lose it, I decided to take it down," Hoskins said.
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you did or did not say that the home was not worth 300 thousand?
is there a problem with your computer that you can't scroll up?
something is missing from this story.
The guy said he only owed 160k on a 300k home and the bank was "taking it wrongly" as he put it
Most likely the home is not worth 300k and almost certainly whatever problem this guy is having it was the result of his own choices and he's too stupid to understand and deal with it.
I wouldn't be suprised if he's a teabagger too
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Frustrated Owner Bulldozes Home Ahead Of Foreclosure
Man Says Actions Intended To Send Message To Banks
Hoskins said he'd gotten a $170,000 offer from someone to pay off the house, but the bank refused, saying they could get more from selling it in foreclosure.
claiming to have a buyer @ 170k doesn't mean shit.
first he has to cure the default and then he can sell the home
if he had a real buyer at 170k and that price actually produced enough proceeds to cure the default then the person buying the home should have cured the default (paid all past dues payments, penalties, taxes etc...) which would have restored clear title to Hoskins to sell the home.
seems weird that Hoskins consulted an attorney on the legal consequences of tearing down the dwelling yet didn't get advice on how to cure the default so that he could actually sell his property.
My guess is that he owed much more than 160k when past due payments, penalties and taxes are considered
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::)
did you get your answer?
I did not make a definitive statement
I said MOST LIKELY
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claiming to have a buyer @ 170k doesn't mean shit.
first he has to cure the default and then he can sell the home
if he had a real buyer at 170k and that price actually produced enough proceeds to cure the default then the person buying the home should have cured the default (paid all past dues payments, penalties, taxes etc...) which would have restored clear title to Hoskins to sell the home.
seems weird that Hoskins consulted an attorney on the legal consequences of tearing down the dwelling yet didn't get advice on how to cure the default so that he could actually sell his property.
My guess is that he owed much more than 160k when past due payments, penalties and taxes are considered
Grasping for straws (pun intended)... grasping for straws...
It is good to concede DEFEAT to diminish making a further ASS of yourself.
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Grasping for straws (pun intended)... grasping for straws...
It is good to concede DEFEAT to diminish making a further ASS of yourself.
are you kidding?
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You have absolutely ZERO clue as to what you're talking about and you and Hugo Chavez are once again proving that you're as uneducated and retarded as they come.
Are you incapable of actually refuting a point without linking some stupid article and then resulting to personal insults? Or is cognitive thinking a stretch for you, physics master?
Guy is losing his business as well. I'm guessing he has no grasp of finance and is yet another moron that willingly got in well over his head. Probably swimming in a mountain of debt that he knowingly took on.
Once again the GetBig PHAGG appears...Tired of licking and stuffing envelopes BF?
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Once again the GetBig PHAGG appears...Tired of licking and stuffing envelopes BF?
"PHAGG"? Thanks for proving my point in that comment, physics master. ;)
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You have absolutely ZERO clue as to what you're talking about and you and Hugo Chavez are once again proving that you're as uneducated and retarded as they come.
Are you incapable of actually refuting a point without linking some stupid article and then resulting to personal insults? Or is cognitive thinking a stretch for you, physics master?
Guy is losing his business as well. I'm guessing he has no grasp of finance and is yet another moron that willingly got in well over his head. Probably swimming in a mountain of debt that he knowingly took on.
I wonder how people would react if the very same bank bulldozed the house so he couldn't stay there for free during the foreclosure process. That process can take close to a year in some cases.
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longer than a year sometimes... people can sue and squat for 2 or 3 years.
many people whose house is in foreclosure will repeatedly rent it out and keep the security deposits... lots of that happening here. You sign a lease, move in, and suddenly you have the sheriff at your door telling you to get out in 48 hours. The 'landlord' was gracious enough to give you a deal on the deposit cause you were willing to pay cash... hahaha...
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something is missing from this story.
The guy said he only owed 160k on a 300k home and the bank was "taking it wrongly" as he put it
Most likely the home is not worth 300k and almost certainly whatever problem this guy is having it was the result of his own choices and he's too stupid to understand and deal with it.
I wouldn't be suprised if he's a teabagger too
Since you are the person who stated we all own our own homes and all have private property ownership, you are the last person who should have any problem with this.
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Since you are the person who stated we all own our own homes and all have private property ownership, you are the last person who should have any problem with this.
I have no problem if the guy wants to bulldoze the dwelling but since Ohio appears to have judicial forclosure didn't this guy just ensure a much greater deficiency judgement by destroying the improvements?
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I have no problem if the guy wants to bulldoze the dwelling but since Ohio appears to have judicial forclosure didn't this guy just ensure a much greater deficiency judgement by destroying the improvements?
That's his problem no?
The bottom line is that you dont own shit, have no control over anything, and have the illusion of ownership to placate peoples' stupidity.
Just like in Goodfellas:
Miss a few payments - FUCK YOU PAY ME.
Miss a tax payment - FUCK YOU PAY ME.
Oh you have a buyer to payoff the arrearage - FUCK YOU PAY ME.
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That's his problem no?
The bottom line is that you dont own shit, have no control over anything, and have the illusion of ownership to placate peoples' stupidity.
Just like in Goodfellas:
Miss a few payments - FUCK YOU PAY ME.
Miss a tax payment - FUCK YOU PAY ME.
Oh you have a buyer to payoff the arrearage - FUCK YOU PAY ME.
I well aware it's his problem
is the statement correct or not?
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I wonder how people would react if the very same bank bulldozed the house so he couldn't stay there for free during the foreclosure process. That process can take close to a year in some cases.
That is what the banks used to do in america. There is a movie called GRAPES OF WRATH that addresses the same things that is going on in america and the world today. Crafty bank schemes, financial market games, people robbed of savings, investments, homes, land etc etc. In dealing with farmers...the banks which claimed the properties BULLDOZED THE HOUSES DOWN so the farmers could not live in them. It was a sad scene in the movie as the man behind the wheel of the bulldozer was a friend of the man who owned the house and farm...and despite the pleas of the farmer that he would have nothing an no where to go without the house, the "friend" who drove the buulldozer tore his house down anyway. The Grapes of wrath is an old black and white movie made in the 30s I believe and it shows how things have not changed...
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I dont know Ohio law.
If this guy were to have a buyer at 170k to pay off the principle of the loan, and they would not take it due to lawyers fees, late fees, etc, than good for him in burning the house to the ground.
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I dont know Ohio law.
If this guy were to have a buyer at 170k to pay off the principle of the loan, and they would not take it due to lawyers fees, late fees, etc, than good for him in burning the house to the ground.
Ohio is a judicial forclosure state. Isn't NY the same ( I don't know which is why I am asking you)
1. if the 170k was not sufficient to payoff the outstanding principal, past due interest payments, penalties, fees etc... then why should the bank not exercise their option to take the property and attempt to sell it on the open market to recoup those costs?
2. Since Ohio is a judicial forclosure state wouldn't the owner have a potentially smaller deficiency if the bank sold for > 170K (depending of course on the additional cost incurred to sell the property)
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How can the bank foreclose on a current mortgage? Now if he got behind and the bank figured foreclosure was more profitable that's another story. He'll probably get sued for destroying the bank's property.
Like Straw Man said. Something is missing from this story. This guy could have had an ARM, interest only, No-Doc, Low-Doc or just plain been going broke in the business and the bank wouldn't refinance the loan at an attractive rate.
agreed. I am in real estate and have never heard of this. Banks won't foreclose on a house unless siomething is wrong. They rather have money in hand rather than risk having to shortsale the home in hopes to get more out of it.
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agreed. I am in real estate and have never heard of this. Banks won't foreclose on a house unless siomething is wrong. They rather have money in hand rather than risk having to shortsale the home in hopes to get more out of it.
I disagree with the man's actions and we'll likely never know the full story.
That being said; do we really think the founding fathers intended an entity be created that could essentially crush America's citizens beyond all hope and repair? I'm not saying some level of taxation isn't necessary but people being driven to financial extremes that bankruptcy cannot cure seems excessive.
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I disagree with the man's actions and we'll likely never know the full story.
That being said; do we really think the founding fathers intended an entity be created that could essentially crush America's citizens beyond all hope and repair? I'm not saying some level of taxation isn't necessary but people being driven to financial extremes that bankruptcy cannot cure seems excessive.
Good point. The founders never wanted a leviathon govt like we have no since it sucks the life blood out of everything. The original taxes were mostly tarrifs, duties, and stuff like that, not 24/7/365 tax on everything you can imagine.