GA Mortgage

Via NY Daily News: “Three months ago, in his State of the Union speech, President Obama announced a new task force to investigate mortgage fraud and bring some measure of relief to the 12 million American families who are either losing their homes or in danger of losing them. The new Residential Mortgage-Backed Securities Working Group would be co-chaired by New York State Attorney General Eric Schneiderman, U.S. Attorney John Walsh of Colorado and three Washington insiders from the Justice Department and the Securities and Exchange Commission. Obama said, “This new unit will hold accountable those who broke the law, speed assistance to homeowners and help turn the page on an era of recklessness that hurt so many Americans.” Whether or not the President, attorney general and others intend to get around to this task someday, “speed” was a terrible word to choose. Because 85 days after that speech, there is no sign of any activity…”.* The Young Turks host Cenk Uygur breaks it down.

Read more from Mike Gecan and Arnie Graf: http://www.nydailynews.com/opinion/obama-mortgage-unit-awol-article-1.1063094

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Duration : 0:4:10

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Technorati Tags: BANK FORECLOSURES, bank fraud, bank task force, banker fraud, Eric Schneiderman, financial reform, fraud, geithner banks, geithner wall street, government task force, mortgage, mortgage task force, obama mortgage, obama mortgages, obama sotu, schniederman obama, tim geithner, wall street

I was in arreas on my mortgage until 06/2011. Now my mortgage Co refuses to issue a mortgage statement and will not correspond with me in writing. My mortgage is current.

Can you access your account online? That is very common today. I think they are only obligated to provide a 1098 before January 31 showing how much you paid in interest. They often provide other details about your loan regarding the balance, interest rate etc. etc. at that time.

Johnny Sanphillippo has never made more than $20,000 per year (he works as a housekeeper, as well as, a gardener and house painter), but he knew like “any other American” that he wanted to own his own home.

When he talked to bankers about qualifying for a home loan, “they look at you and their eyes glaze over and you realize, they’re going to give me a lollipop and send me home, which is pretty much what happened”. So he decided that if he went far enough away from his hometown of San Francisco he could find something he could afford to buy with cash.

He finally heard about a deal in Hawaii (back when oil was cheap and airline tickets were $99 from SFO) and for $3000 cash he bought himself an empty lot in a failed subdivision on the Big Island.

Without a loan, he knew he couldn’t afford to build a conventional home. He’d always loved tiny houses, but the permitting office wasn’t as enthusiastic about allowing him to build small. So he had plans drawn up for a conventionally-sized home, plus a 400 square foot garage. He just built the garage.

Once the inspectors signed off on his fully-equipped garage (which included a bathroom, utility sink, electricity, septic system and rainwater capture), he let them know he wasn’t planning on building the house. Then he set about swapping the garage door for sliding glass and the utility sink for a regular kitchen.

Instead of relying on a loan to buy a house up-front, he had to do it the slow way, in stops and starts as he worked to pay off he step of the process. First, he saved up for a foundation, then the shell, then septic, etcetera and today, 13 years later, the home is complete.

Original story & more info: http://faircompanies.com/videos/view/mortgage-free-tiny-home-on-a-housekeepers-salary/

Duration : 0:10:41

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Technorati Tags: Debt, downsizing, green building, Hawaii, home payments, home size, house payments, loan-free, mortgage, mortgage-free, san francisco, simple living, simplicity, small home, small house movement, small space, tiny home, tiny home building permit, tiny house, unemployment

What is a Mortgage?

Disclaimer: All content was created and owned Investopedia ULC. Please visit http://www.investopedia.com/ for more information.

The use of this video is purely for educational purposes only and does not claim any responsibility for any losses or damages incurred from financial decisions made from this video.

Viewers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security.

The views expressed herein are based upon our analysis of the issuer’s public disclosures, and assumes both their accuracy and completeness.

The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. We have not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. We encourage you to consult with independent financial advisors with respect to any investment in the securities mentioned herein. You should review a complete information package on all companies, which should include, but not be limited to, the Company’s annual report, quarterly reports, press releases and all regulatory filings. All information contained should be independently verified with the subject company. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.

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Technorati Tags: mortgage

The $25 billion deal between the states and major banks to provide foreclosure relief will not provide any assistance for those with federal mortgage loans, reports Bill Whitaker.

Duration : 0:2:38

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Technorati Tags: agreement, banks, billion, crisis, deal, deceptive, Fannie, Federal, FHA, Foreclosure, Freddie, help, housing, Mac, Mae, market, obama, rate, refinance, robo, settlement, signing, States

2/6/2012 CBS News interviews Congressman West after he reveals to them the real way the two month tax deal was paid for

Duration : 0:5:1

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Technorati Tags: allen, CBS, congressman, deal, fraud, mortgage, News, Tax, West

Columnist David Lazarus says pending deal with leading mortgage lenders isn’t the best possible outcome for homeowners, but it’s probably the best they can hope for.

Duration : 0:1:37

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Technorati Tags: column, lazarus, mortgage, News, Real estate

THE LAW STATES:
§ 3-603. TENDER OF PAYMENT.
• (b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.

Basically, the bank just gave him his house!
cont..
WTF??? Part 2 3 4 below… COPS get called even OMG!!!!

Origin: rpsomerton on Feb 3, 2012 And rest of his VIDS:

2- http://www.youtube.com/watch?v=RD6PHb1LOCA&context=C385a5d7ADOEgsToPDskKFgMpVzWazoxpPoFnwVaJo

3- http://www.youtube.com/watch?v=WHg6j7-yTOs&context=C352cb5eADOEgsToPDskIJViJrGQeRqXxXvyZCDEqy

4- http://www.youtube.com/watch?v=GH3U6dSvj38&context=C39d3a61ADOEgsToPDskJfQT9LEF5oFADbSkI31yfg

Thanks to: larrabeeg on Feb 4, 2012
For bringing this to our attention!
SOURCE: rpsomerton on Feb 3, 2012

Feb 3 2012 Bank of America Lakeport, Ca. I attempted to make a cash payment on our mortgage, the manager refused to take the cash saying it was against bank policy.

I was shocked, had no idea this would happen, since when does a bank not accept cash… Right! When I protested, the manager called the Lakeport poilce dept. After being detained for about 1/2 hour and nearly arrested for shooting video inside the bank the cops decided to let me go.

The BofA manager made a complaint against me and had the cops inform me that I am “no longer welcome inside the Lakeport branch of Bank of America.” Also that if I “ever attempted to enter the branch again I WILL be arrested!”
So apparently Bank of America DOES NOT accept American cash dollars as a form of payment on mortgages in AMERICA!

PROTEST & YOU WILL BE ARRESTED!

http://www.ronpaul2012.com/

Brief Overview of Congressman Paul’s Record:

He has never voted to raise taxes.
He has never voted for an unbalanced budget.
He has never voted for a federal restriction on gun ownership.
He has never voted to raise congressional pay.
He has never taken a government-paid junket.
He has never voted to increase the power of the executive branch.

He voted against the Patriot Act.
He voted against regulating the Internet.
He voted against the Iraq war.

He does not participate in the lucrative congressional pension program.
He returns a portion of his annual congressional office budget to the U.S. treasury every year.

Congressman Paul introduces numerous pieces of substantive legislation each year, probably more than any single member of Congress.

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Technorati Tags: america, Australia, Bad, bank, boa, bofa, Budget, Business, canada, card, Cash, China, City, credit, D.C., England, Europe, finance, financial, Germany, insurance, japan, Kingdom, Lake, loan, Low, mortgage, Nations, Not, of, Payment, RUSSIA, Salt, States, united, Utah

Aiming to lift a major drag on the economy, President Obama is launching a new assault on the foreclosure crisis that aims to help struggling homeowners refinance. (Feb. 1)

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Technorati Tags: obama_housing

WSJ’s Steve Moore weighs in

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