"Owners of Hub homes get a lift "
"by Lisa Wangsness, Globe Staff | March 30, 2008
Vulnerable homeowners sat across tables from their mortgage servicers in quiet classrooms at Madison Park High School yesterday, trying to strike new deals.
The city's Homeowner Foreclosure Prevention Workshop, which organizers said was the first event of its kind in Massachusetts, allowed scores of borrowers to find ways to stave off financial ruin by meeting face to face with lenders, who have been increasingly willing to modify loan terms as the foreclosure crisis has spread. Many homeowners discovered they might qualify to temporarily lower their interest rates or delay delinquent payments without penalty, modifications they said could mean the difference between keeping and losing their houses....
Communication between mortgage servicers and homeowners facing foreclosure is often difficult or nonexistent. Lenders can be hard to reach or unwilling to modify a loan, said several homeowners who attended yesterday's workshop, and homeowners are often too intimidated to reach out for help....
I think it is MEANT to be that way!!
What corporation -- or any business -- likes hearing customer complaints?
"One of the folks who are in danger of losing their homes said it was the first time we were able to speak with our servicer today, face to face," Mayor Thomas M. Menino said yesterday morning after greeting some of the people who attended the workshop. "Today everything's automated: Press one for this, press two for that. By them sitting down and talking with their servicer, they were able to work out their problems."
EXACTLY!!!!
Try getting questions about health services someday!
They had me running a loop!!!!!!!
Sure this is not the POINT of the AUTOMATION?!
Unaccountable, faceless corporations because they are FUCKING US ALL?
Carol Anderson, a hospital administrator in her 50s who lives in Dorchester, said she and her husband, a carpenter, make $70,000 to $80,000 a year combined and borrowed $465,000 to purchase their home with no down payment. To finance it, they agreed to two mortgages with rates of 11 percent and more than 9 percent.
"I wanted a house," she said. "That was the best opportunity."
The total monthly payments of about $3,400 were just barely affordable, she said, until one day she opened her bill and was stunned to learn that the larger loan was adjustable. Now her payments are more than $4,800 a month.
This winter they kept their gas heat off and made do with electric space heaters.
She came to yesterday's workshop hoping to speak with her mortgage servicer, but the company was not there. She did speak with a counselor, though.
"I'm hoping I can get a mortgage I can pay," she said. "I feel hopeful."Actually, I hope not because that would mean their aren't any great deals to be had out there!!!!
"Home auction offers many a chance to own"
"by Anna Badkhen, Globe Staff | March 30, 2008
In pursuit of their dream house, Michelle and Jerry LaFlamme left their Fairhaven home at 7:15 yesterday morning to get to the Hynes Veterans Memorial Convention Center early. There, pushing a stroller with their 2-year-old son, Leo, as their daughter, Jessica, 5, clung to her mother's side, the LaFlammes registered to participate in an event that offered the only way they felt they could afford to buy a house in a down market: a massive foreclosure auction.
The LaFlammes were among 1,500 people who arrived at the convention center to bid on about 170 Massachusetts homes auctioned by Real Estate Disposition Corp., the second such event the California real estate company has held in the state since November....
Daniel Pelrine, an ironworker from Roslindale... who owns a home but is considering investing in another piece of property... came to purchase houses they would resell or rent out, said Michael Schack, the real estate company's senior vice president....
Resell to who? Rent out to who?
So let's see, people are being kicked out of their homes, the banks are taking losses on the resales, they are unwilling to extend credit, and now others sweep in to buy at cut rates.
That's AmeriKa's economic system all right!
Other bidders said they preferred not to think about the fates of the previous owners of the houses they wanted to buy.
"If we get a good price it doesn't matter," said Hidy Mercado, a pregnant mother with three preteen girls who is renting a house in Lawrence with her husband, Juan....
Yeah, WHO GIVES A FUCK what happened to that OTHER GUY!!!
I'll remember that when YOU ARE FORECLOSED ON, shitbags!!!!!
By the way, you guys have green cards or... ???
Sure hope you will be paying taxes on that property so your girls' education will be payed for.
I'm strapped enough as it is, so I don't need to pick up that tab!
Schack, whose company sold almost 300 foreclosed Massachusetts homes at an auction in Boston last November, took a practical view.
"We're all human beings, we all feel sorry for the fellow man."
But FUCK 'EM when it stands in the way of FORECLOSURES and such, right?
Even though it is through no fault of Americans.
They didn't devise this globalist shit; it was shoved down our throats with NAFTA, GATT and all the rest!
