FREEDOM & LIBERTY is for EVERYONE!!!. . . . .

Folks from all over the world have accessed this site. The desire to be free of the shackles of fascism, socialism, communism and progressivism are universal. Folks just want to live their lives and be left alone... Dammit!

"People don't like to be meddled with. We tell them what to do, what to think. Don't run. Don't walk. We're in their homes, and in their heads, and we haven't the right. We're meddlesome." River Tam referring to the government.

Not Politically Correct. . .

"Be not intimidated...
nor suffer yourselves to be wheedled out of your liberties by any pretense of politeness, delicacy, or decency.
These, as they are often used, are but three different names for hypocrisy, chicanery and cowardice."
- John Adams

Abraham Lincoln

To quote Jack Donovan’s Violence is Golden: ‘Without action, words are just words. Without violence, laws are just words. Violence isn’t the only answer, but it is the final answer.’

In a world gone mad we are the villains. We wield the truth and the light. In the end we will only be answerable to ourselves and our God. If we win then we inherit the earth, if we lose we get to Heaven.

Wednesday, April 14, 2010

I been sayin' it. . . . . I been sayin' it. . . . .

Bank of America sends out foreclosure letters to thousands.   The end is near folks.    Hold onto your hats.   The  Gov. bails on pretend and extend so BofA gets serious.  To late, I'm afraid but here goes.

EXCLUSIVE: Major lender signals surge in local foreclosures


More here.

Major lender signals surge in local foreclosures: Data show Bank of America sends wave of auction notices to homeowners

Bank of America, the nation's largest mortgagelender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homesat auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar.

Still more here.

Bank Of America Stops Kicking the Can

Big Banks Moving to the End Game

From the kick the can file, it looks like clock is about to strike twelve for thousands of delinquent borrowers.
Out of both time and options, the big banks are reportedly ready to put an end to it all.

Read it and weep.  Click here.

"Here It Comes" - Foreclosures

Come the spring selling season you're going to see the inventory of homes that were "HAMPd" and failed for whatever reason hit the market. 
This is not a trivial number of houses - there are close to 750,000 homes currently under trial modifications, and only a tiny number of them - something like 30,000 - have converted to permanent payment changes.
The number of "permanent" modifications has improved significantly in the last three months, but it still leaves hundreds of thousands of homes that people have not made payments on for a year - and sometimes two - in the pipeline.
Many people "poo pooed" my prediction that a veritable tsunami of foreclosures would hit the market.
Bank of America, the nation's largest mortgage lender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homes at auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar.
The bank said the increased activity was a natural consequence of borrowers running out of options.
Actually, it's a natural consequence of the government (finally) pulling back the curtain on the BS "extend and pretend" games, (correctly) determining that at somepoint you have to swallow that canary in the cat's maw - or spit it back out.

Read all about it,  with no sugar coating, at the Market Ticker. . . Click here.

Tyler Durden's picture

March Foreclosures 

Surge To Absolute 

Record, At 369,491, 19% Jump 

from February

By Tyler Durden on 04/14/2010  of ZeroHedge

"Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005." And people were wondering where consumers get all their money from. Of course, those foreclosed upon have likely figured out ways to continue squatting in their house so they dont have to pay mortgage and rent. Nothing beats living for free in America, especially in a 2,000 sq. foot average home. We can't wait to hear Jamie Dimon's rebuttal on how this data massively misrepresents the optimism that JP Morgan is seeing everywhere, and how the JP Morgan unicorn ranch is about to issue a royal smackdown on those speculative traitors over at RealtyTrac who, unlike JPM, dare to speak the truth.

California alone accounted for 23 percent of the nation’s total foreclosure activity in the first quarter, with 216,263 properties receiving a foreclosure notice — the nation’s highest foreclosure activity total.

Florida’s total was second highest, with 153,540 properties receiving a foreclosure filing during the quarter, and Arizona’s total was third highest, with 55,686 properties receiving a foreclosure filing during the quarter.


No comments:

Post a Comment

waddaya think?