Matt Weidner – Fighting With The American People

Posts Tagged ‘matt weidner’

The fuse on the student loan nuclear bomb has already been lit….millions of Americans are trapped and soaked in the radiation of debt that will undermine what’s left of this nation’s zombie economy. We’ve taken millions of potentially prosperous consumers out of the equation. (And apparently consumers is all the economy we decided to make….not workers or builders or savers.) But that’s off the subject, the trillion dollars in debt outstanding create a mountain that is insurmountable.

The post below is a general outline, we all really need to be digging deeper into the role securitization and the servicers play in this hell we’ve created….

And what exactly is going to happen when all these college grads realize just how grievously they’ve been screwed?  Well they ain’t just gonna live at home and wear their barista aprons forever….read this from a guest post:

Student loan debt has now surpassed $1 trillion, and the situation has gotten so bad that there are Americans who are having their Social Security checks garnished to pay off outstanding loan debt. Meanwhile, recent graduates sit in a precarious position of underemployment, combined with doubling rates and rising monthly bills as their loans are sold from one lender to another. It’s clear that we’ve reached a crisis point. But what got us here?

There are several places where we can lay blame: colleges, for becoming so expensive and ignorant of student finance, the government, for restrictive policies and inflating prices with student aid, private lenders with predatory tactics, and even students for allowing themselves to get in too deep. The fault lies not with just one, but all of these student loan villains, who have all done their part to bring us to a very real point of trouble. Read on to learn in detail how each of these groups has played a role in the destruction of student loans.

ONLINE COLLEGES

Servicers of Fannie loans are subject to new requirements regarding liens for delinquent HOA dues for PUD and condo properties acquired through foreclosure.  If a servicer is notified by an HOA that the borrower is more than 60 days late with their payments for a PUD or condo project and/or any charges levied by the HOA, the servicer must advance the necessary funds so as not to compromise the Fannie mortgage lien.  This advance can be reimbursed; the time limit depends on the state.  Servicers should also clear any property liens for delinquent HOA dues and assessments on acquired properties no more than 30 days after the foreclosure sale or acceptance of a deed-in-lieu.  Should the HOA refuse to release its claim of disputed lien after “reasonable efforts to reach agreement,” the servicer should get in contact with Fannie’s legal team.

HOUSINGWIRE

From the news report:

When KMBC investigated the case, a spokeswoman for JPMorgan Chase had a response.”We made a paperwork mistake when the property was sold, which resulted in our service partner changing the locks and winterizing the property to ensure its security,” the statement said.

Remember America….if the banks want to kick down your door, take your property, ignore the safety of the community and their own “service partners”, that’s OK.

They’re allowed to make “mistakes”. They’re allowed to repeatedly make “mistakes”.

And dare not you try to confront them or hold them accountable, lest you find your neck firmly under the heel of the boot.

That this happens again and again and again with no penalty is further proof that this formerly free nation has slid into dark and treacherous tyranny.

We are not safe and we cannot count on our nation’s laws, or judges or law enforcement to protect us from these violent and dangerous incursions.

This formerly free nation has devolved into a totalitarian corporate controlled police state…..forgive me if I don’t feel safer knowing that the TSA is pulling 70 year old wheelchair bound Henry Kissinger out of line for a secondary screening.

Really? The former Secretary of State to two presidents and a Nobel prize winner, sitting in a wheelchair….AND FLYING TO CANADA!  What kind of dastardly plot does the TSA think this old man bound for Canada is going to pull off?

We’ve clearly moved far beyond absurdity.

TSA KISSINGER

At first, I could not believe the crazy story about why Nancy Genovese was arrested. The headline reads:

MOTHER OF THREE ARRESTED FOR PHOTOGRAPHING TOURIST ATTRACTION

Can’t be true….right? Must be more….right?

So I started researching around……and apparently the headline should have also read…

TOWN FACES DOWN $70 MILLION DEFAULT JUDGMENT FOR VIOLATING CIVIL RIGHTS

The story itself will blow your mind and should send everyone in America into fits. But before you read the details of her case, I want you to watch a video of the local town council discussing her case here …all I can tell you is….WOW, WOW, WOW.

Only after you watch that video do I want you to read the details of her case here

Bank of America, along with all the other banks are pushing our courts to throw America taxpayers out into the street…why? Part of the reason is they want to collect the easy money they get from the federal government….(that’s you and me the taxpayer by the way) another part of the reason is they want to sit on the homes and leave them dilapidating into states of disrepair.

An elderly couple, who worked their entire lives and who operated a small machine shop, were chased out of this perfectly fine home about three years ago.

The home has sat vacant and abandoned, with no power on for years. The attorneys handling the foreclosure had no authorization to entertain any purchase price…not any price…and when the home finally went up for foreclosure auction six months ago, Bank of America would only accept the full judgment price….nearly $200,000.  Cash buyers were prepared to pay the fair market value for the home, but the bank would not accept any price….instead they let it conclude with a foreclosure sale.

I keep watching it, wondering when a realtor might put a sign in the yard, wondering when some family might move in, but six months later and there’s not even a sign.

And so the home just sits, untold tens of thousands more, vacant and abandoned, rotting away more and more each day.

Oh sure, a property preservation company comes by every two weeks.  They pull a neat trick where they mow one strip of the grass so they can take the picture, submit that to Bank of America who in turn bills Fannie Mae for mowing the entire yard. (Incidentally, that’s you and I paying to cut an entire yard when in fact only a few fraudulent strips of grass are snipped.)

This is what your country has become.  We use state and federal taxpayer dollars to throw the poor and old people out into the streets so that the banks can collect still more federal dollars when they have them thrown out onto the streets.  Then we pay the banks and their property preservation companies to not do the maintenance work.

At some point in time, one of the maintenance companies will get around to submitting all kinds of false bids to do construction work that is not required, but they will contract for that work and they might actually do that work.  They won’t be licensed and all of that are criminal violations, but no one cares to hold anyone accountable for that either….

No one is in jail and no one cares to do anything at all about this.

And the elderly couple that left in shame?  Well, they are devastated, destroyed, beaten down and embarrassed. We did this to them. We destroyed this couple.

Every single one of us played our part.

Let’s all thank ourselves for the part we each played in their destruction.