The hypocrisy our leaders is beyond words. As was leaving for work this morning I got to see the beginning of the hearings on the A.I.G. and through out the day I heard the headline reports.
Our politicians leaders are angry, concern, caught my surprise. This includes the president, congress, etc. Barney Frank who is probably more guilty than the rest.
And I came to one conclusion: our leaders don't lead. They react to whatever is happening. But the final blame goes on us the voters, for voting them, and worst, keeping them in office.
Wednesday, March 18, 2009
Monday, March 16, 2009
Bank of America! We own you!
Early this morning, around 7:45am, Monday, I called Bank Of America's loss mitigation. Hoping that I would get a different answer from the privous times I readied my information and went through the steps:
1. is my house in foreclosure yet? No
2. when will it go into foreclosure? Don't know.
3. Have you tried selling your house? yes. All of 2007 and half of 2008. No one bought it. No offers. Real Estate Agents don't even want to list it.
4. Can I return as a "deed in lieu of foreclosure?" No. In order to do that you cannot be behind on your payments.
5. Can you reduce the principal? No. Bank of America doesn't participate in that program.
6. My brother wants to make a settlement offer. Can you consider that? No. We need a full agreement submitted, with all the paper and an appraisal.
7. I don't want the house. Can you please take it back right away. It is in Richmond, California, and the area is all boarded up with foreclosed or abandoned house. I don't feel safe there anymore. Response: Sorry, but we must follow the procedure.
This the same story I have gone through for over 1 year, and this is the same story I have heard trying to help family and friends.
No one listens. No one acts.
1. is my house in foreclosure yet? No
2. when will it go into foreclosure? Don't know.
3. Have you tried selling your house? yes. All of 2007 and half of 2008. No one bought it. No offers. Real Estate Agents don't even want to list it.
4. Can I return as a "deed in lieu of foreclosure?" No. In order to do that you cannot be behind on your payments.
5. Can you reduce the principal? No. Bank of America doesn't participate in that program.
6. My brother wants to make a settlement offer. Can you consider that? No. We need a full agreement submitted, with all the paper and an appraisal.
7. I don't want the house. Can you please take it back right away. It is in Richmond, California, and the area is all boarded up with foreclosed or abandoned house. I don't feel safe there anymore. Response: Sorry, but we must follow the procedure.
This the same story I have gone through for over 1 year, and this is the same story I have heard trying to help family and friends.
No one listens. No one acts.
Bracing for a Populist Bailout Backlash
"The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda."
http://www.cnbc.com/id/29719365
We are beyond anger. I have written my senators, congressmembers. My Senator, Feinstein, D-California, in late October, responsed to my email against the bailout, with words that basically said "she knew better" and that is why she voted for the bailout.
So beyond anger, I am feeling hopeless and powerless.
http://www.cnbc.com/id/29719365
We are beyond anger. I have written my senators, congressmembers. My Senator, Feinstein, D-California, in late October, responsed to my email against the bailout, with words that basically said "she knew better" and that is why she voted for the bailout.
So beyond anger, I am feeling hopeless and powerless.
Subscribe to:
Posts (Atom)
Posts
