Replies to This Discussion

Permalink Reply by L on October 27, 2009 at 7:43pm

I do not support this tactic!

Please, let's refrain from violence.

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Permalink Reply by Incognito123 on March 23, 2010 at 12:18am

L, I certainly do not condone this either, BUT, if this trend continues, this kind of stuff will happen more and more.

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Permalink Reply by J# on October 28, 2009 at 12:06pm

Anyone here going to the Clearwater Livinlies Seminar? My wife and I are attending the home
owners Seminar.
On the violence issue I don't agree with it but it is a form of Justice and I do agree with Justice.

Those who make peaceful revolution impossible will make violent revolution inevitable.
John F Kennedy

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Permalink Reply by L on October 30, 2009 at 8:57pm

Are you up against Florida Default Law Group?

If so, the Florida state Attorney General wants to hear all about the fraudulent documents, false statements, incompetent affidavits, etc!

Call Deanna Pierce at the Florida Attorney General's Office and request an affidavit form to submit a complaint. 954-712-4625

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Permalink Reply by Richard on January 4, 2011 at 8:20pm

What exactly should I look for to find a fraud in the paperwork?  I have been in foreclosure for quite a while The attorney has been real forthcoming with what is happening. I think they just filed for an extension and it was granted.

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Permalink Reply by Richard on January 8, 2011 at 9:04am

How do I find out if the documents they submitted are false I don't doubt they are but I am unsure what to look for.

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Permalink Reply by L on November 12, 2009 at 12:58am

More Violence.

Attention must be paid.

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Permalink Reply by J in CO on January 2, 2010 at 11:54am

We must do this on their playing field. In the courts and using the political system not on our front doorsteps. Protect your home and get involved but do not add to the negative side of things.

We can win this battle but it must be done with action in a concise manner.

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Permalink Reply by Muckle on January 17, 2010 at 2:45pm

here, here! The pen is mightier than the sword

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Permalink Reply by L on January 12, 2010 at 10:08pm

Thank you wonderful Mr TWebster!

I'm just going to post his WONDERFUL letter that he is personally delivering to homeowners who just had an Lis Pendens filed on thier home (via search of the public records in a judicial state).

He's still mulling over how to perfect his flyer for the strongest impact.

See attached files for Page 1 & 2 of Tony's informative flyer!

This is going to change the lives of many!

Attachments:

• Dear Neighbor.doc, 36 KB
• SAMPLE MOTION TO DISMISS_PINELLAS CO CASE.doc, 37 KB

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Permalink Reply by Incognito123 on March 23, 2010 at 12:27am

Like it VERY much, only thing I would add is Foreclosure Defense Nationwide website

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Permalink Reply by saving my home in floridah on January 7, 2011 at 9:41am

Home Team

By ALEX PERRIELLO

Published:January 5, 2011

·                                 

 

THREEyears after the mortgage crisis began, there are still 11 million to 15 millionhomeowners who owe more than their home is worth, meaning that about 25 percentof all mortgage holders are underwater. As a result, foreclosures continue tomount; many homeowners can’t make their payments and are tempted to simply walkaway from their debt. Meanwhile, the lenders and investors who own the loansare unwilling to work out a deal if, as is usually the case, it means losingmoney.

 

Related in Opinion

·                                Op-Ed Contributor: Who Wants a 30-Year Mortgage? (January 6, 2011)

Fortunately, there is a solution. Rather than be at odds,homeowners and investors should partner in long-term equity-sharingarrangements.

Here’s how it would work. Let’s say a homeowner purchased a housein 2004 for $300,000 with no money down, and the property is now worth $150,000— a 50 percent drop in value.

In an equity-sharing arrangement, the lender would write a newloan for $150,000, retire the original $300,000 loan and, to make up for thatloss, take a 50 percent deeded ownership interest in the property. Thehomeowner would also agree to split 50 percent of the net proceeds of anyfuture sale of the property with the lender. The new arrangement would alsoinclude a buyout provision, so that if the homeowner ever wanted to take overthe lender’s share, he would simply pay the lender a predetermined amount ofcash.

Such a plan would be relatively easy to put in place, assuming thelender held the loan in its own portfolio. In most cases, however, lendersimmediately sold their loans to investors and merely performed loan-servicingduties like collecting monthly payments and sending statements.

In those instances, the lender would have already made its moneywhen the loan was originated, the proceeds from the new loan and the 50 percentdeeded interest in the property would go to the investor, not the lender. Theinvestor would also benefit from any future sale or when the homeownerexercised the buyout provision.

Equity-sharing would be a boon for everyone involved. Homeownerscould stay in their houses and preserve their credit (assuming they staycurrent on the new loan). The neighborhood would avoid a foreclosure, which candepress property values. And the lender or investor could participate in theupside potential when the house eventually sells. Best of all, it wouldn’t costtaxpayers a dime.

A major reason the mortgage mess has gone on so long is thathomeowners, lenders and investors assume their interests are at odds. An equity-sharingarrangement would bring all three onto the same side — and help solve America’sforeclosure crisis.

Alex Perriello is the president and chief executiveof a real estate franchise organization.

Aversion of this op-ed appeared in print on January 6, 2011, on page A27 of theNew York edition.

 

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