Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label eviction. Show all posts
Showing posts with label eviction. Show all posts

Saturday, November 28, 2009

Judges Suddenly paying attention to Banksters that abuse the system and are starting to take them on! Better now than never.

The more people blog about bankster abuse, the harder it will be for judges to ignore the situation. News reporters are finding it easier to gauge home owner and credit card user's experiences by googling. This in turn makes it easier for the reporter to focus on the judges. It appears some judges are starting to turn the tables on the banksters.




I could see this particular case being overturned on appeal based on one technicality, the couple had no equity in the home and the bank could probably argue that they needed to put their resources into helping homeowners that had at least some equity in their home.

However, if it turns out that the bank was basically trying to scoop up as many homes into foreclosure as they could, then the case may hold up even on appeal. I wish the judge could have found a case where the homeowners had equity in their home, but, at least the judge is making a statement to the banks, and that is the most important thing of all.

The next step would be to pass a federal law that nobody can be evicted from their own home without a judge's decree. This would ensure that the bank follows the proper guidelines before evicting a homeowner.
Presently, tax payer funded law enforcement is being used by the banksters to evict homeowners without any judicial notification or approval, and that needs to change.

Tuesday, November 17, 2009

Families in Foreclosure

Families in Foreclosure - Click on the Families in Foreclosure link to see the heart wrenching ABC video about a US Vet now working in the private sector who was injured on the job and went on disability. Husband, wife, daughter, son and family dog are being evicted from their home in Mason, Ohio, not for credit card debt nor for living beyond their means.

In my opinion the Video takes a creepy turn at the end when it focuses on the neighbors helping the family leave by midnight so the family can collect a 2,000 dollar check from the realtor.

The video tries to create an "It's a Wonderful Life" feeling because the neighbors pitched in to help the family move out by midnight. It was a nice gesture by the neighbors for sure, but what were the actual details surrounding the eviction? Was it really necessary? The man had no credit card debt and drove a ten year old car, and the family home was an econo-town home.

The townhome had dropped over 20% in value from when it was first purchased SIX YEARS AGO. I'm just throwing this out there, he may have been injured in a private sector job, but it is also possible it was a pre-existing condition from the time he spent in the military.

I say this based on my discussion with a former vet who actually hurt his back in the military and refused disability and works to this day lifting and setting up equipment. They tend to have a level of personal pride that is just not matched by society's upper crust, the ones that tend to sit around counting their every shrinking profits.

In the meantime, I am really suspicious why, if he has to be evicted, he could not just rent the place out instead. The home was not that expensive, the monthly rent could have easily paid the house payment and even given him an extra hundred bucks or two.

I hope he was not taken advantage of by the system.

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