Bill introduced to make it quicker to foreclose on homes.

**brizee** · June-11-13, 01:33 PM

http://www.freep.com/apps/pbcs.dll/a...=2013130602001

They want to make it quicker to move someone out of their homes.

But then banks don't even complete the foreclosure process. Meaning there's one less contributing family, and one more rotting hulk. Almost like they're doing it for fun.

With the documented rubber stamping of thousands of cases they just might be.

"Do we leave all those other properties that were having the blight issues and rats in the houses and that kind of stuff for the one or two [[houses) that may be saved out of it?"

I sure hope suburbanites and yoopers and westsiders stop voting these cumbags in. Because I have to live with their bullshit.

**sumas** · June-11-13, 01:50 PM

Somewhere on this forum I posted info on Detroit Eviction Defense org. The banks and legislators in their pockets make me ill.

I don't want to lose my neighbors. I don't want vacant scrapped houses. I do not like lobbyists and bankers.

**Hermod** · June-13-13, 07:48 AM

Originally Posted by sumas

I don't want to lose my neighbors. I don't want vacant scrapped houses. I do not like lobbyists and bankers.

Paying the mortgage every month works wonders for keeping people in their homes. The banks and lobbyists never bother them then.

**DetroitPlanner** · June-13-13, 07:52 AM

Originally Posted by Hermod

Paying the mortgage every month works wonders for keeping people in their homes. The banks and lobbyists never bother them then.

Maybe the bankers should keep that in mind and steer people towards homes they can afford then, or say no. The bottom line is that they want to sell mortgages at the highest cost possible. They take advantage of people. Unfortunately people have too much trust in the banks doing the right thing. They are only out for making money off of suckers.

**Wesley Mouch** · June-14-13, 11:13 AM

Originally Posted by DetroitPlanner

Maybe the bankers should keep that in mind and steer people towards homes they can afford then, or say no. The bottom line is that they want to sell mortgages at the highest cost possible. They take advantage of people. Unfortunately people have too much trust in the banks doing the right thing. They are only out for making money off of suckers.

And how can this be a surprise to anyone? Caveat Emptor.

With that said, the banks should have some flexibility when it comes to economic crashes. Although congress caused the financial crash, the banks went right along for the profit ride. In exchange for their bailout, they should have been required to allow reduced mortgage payments under certain terms.

But in the end, Caveat Emptor. Blame those who took out loans, not those who offered them so they could profit.

**Brich** · June-14-13, 12:10 PM

Originally Posted by Wesley Mouch

And how can this be a surprise to anyone? Caveat Emptor.

With that said, the banks should have some flexibility when it comes to economic crashes. Although congress caused the financial crash, the banks went right along for the profit ride. In exchange for their bailout, they should have been required to allow reduced mortgage payments under certain terms.

But in the end, Caveat Emptor. Blame those who took out loans, not those who offered them so they could profit.

I did not know that Congress caused the financial crash.

**Jimaz** · June-14-13, 03:07 PM

Originally Posted by Wesley Mouch

... Blame those who took out loans, not those who offered them so they could profit.

That one sentence shows that you have not paid attention to what is now known happened behind the scenes.

**DetroiterOnTheWestCoast** · June-11-13, 02:20 PM

The GOP is carrying the water for the banks. Should we be surprised?

**Not In MI** · June-11-13, 02:27 PM

And the Dems carr the water for the worthless union leeches, the food stamp coalition, the gubmint check coalition, and illegal aliens

**canuck** · June-11-13, 02:52 PM

Give the banks a break...

**Cincinnati_Kid** · June-13-13, 07:11 AM

Originally Posted by canuck

Give the banks a break...

They've had plenty of them, and are still screwing customers. How about giving the people a break? That sounds like a novice idea.

**mam2009** · June-13-13, 08:08 AM

Originally Posted by Cincinnati_Kid

They've had plenty of them, and are still screwing customers. How about giving the people a break? That sounds like a novice idea.

Thumbs waaaayyyyyy up!!!

**compn** · June-11-13, 10:13 PM

so who foots the bill for those ADT signs and the professional lawn mowing service on the empty houses?

**Cincinnati_Kid** · June-13-13, 07:09 AM

It's no surprise all these new B.S. bills are popping up under this republican regime. "Get people out of the houses as fast as you can". "No need in trying to help them". This country is headed for the shitter.

**Scottathew** · June-13-13, 07:31 AM

You don't pay for your house, you don't get to live there.

Presently someone who stops paying their mortgage gets to live in their house for free for a minimum of six months.

I know people that have purposely defaulted on their mortgages, lived in it for free for 6-12 months, then once they're actually kicked out go and buy a house with CASH.

**mam2009** · June-13-13, 08:16 AM

Originally Posted by 48091

You don't pay for your house, you don't get to live there.

Presently someone who stops paying their mortgage gets to live in their house for free for a minimum of six months.

I know people that have purposely defaulted on their mortgages, lived in it for free for 6-12 months, then once they're actually kicked out go and buy a house with CASH.

Well, I know a person and know of many more who NEVER missed a payment, but we're still foreclosed on and many more who were screwed over by banks during long drawn out mortgage modification processes. Its not always so cut and dry as so & so didn't pay their mortgage. That's why banks have had to pay hundreds of billions of dollars in penalties in the last couple years. Maybe you haven't been watching the news?

**Honky Tonk** · June-13-13, 08:26 AM

Originally Posted by mam2009

Well, I know a person and know of many more who NEVER missed a payment, but we're still foreclosed on and many more who were screwed over by banks during long drawn out mortgage modification processes. Its not always so cut and dry as so & so didn't pay their mortgage. That's why banks have had to pay hundreds of billions of dollars in penalties in the last couple years. Maybe you haven't been watching the news?

Really? On what grounds?

**DetroitPlanner** · June-13-13, 08:50 AM

Originally Posted by Honky Tonk

Really? On what grounds?

I'd like to know too. Did they not read or understand the contract? Did they have a contract that was written to favor the bank so much that they did not bother to read?

**Bham1982** · June-13-13, 10:06 AM

I don't know enough of the legislation to know if I support it or not, but it isn't as clear cut as quick foreclosure = pro banks and anti homeowners.

The current drawn-out morass isn't a good thing, for either side. It's at least highly debatable whether the current system benefits most consumers. I assume if you're paying your mortgage bills like most people out there, there's benefit in further market clarity, though if you're not, the current system is better.

And no way was someone foreclosed upon if they never missed a payment. Banks don't want houses. They really, really don't, especially in this part of the country, where values are low, and long-term prospects somewhat foggy. Banks want you paying them back, on time, and if you can't, they want to work with you before giving up.

**Scottathew** · June-18-13, 09:36 PM

Originally Posted by mam2009

Well, I know a person and know of many more who NEVER missed a payment, but we're still foreclosed on and many more who were screwed over by banks during long drawn out mortgage modification processes.

I call BS, or at the very least request more details.

You're saying that you know someone that was making their mortgage payment in whole and on time that were foreclosed on?

As Judge Judy says, if it doesn't make sense, it's not true.

It makes me angry that people think that other folks ought to be able to live beyond their means on the backs of other people. It's not right for corporations to do it, and it's not right for people to do it.

You don't pay your mortgage, then you have to go find an arrangement within your means.

If some of these fringe people get their way and get a moratorium on foreclosures in Wayne County, you might just find yourselves with a lot fewer lender choices in that county. Banks will be unwilling to lend in those circumstances.

**Jimaz** · June-18-13, 10:19 PM

Originally Posted by 48091

...As Judge Judy says,...

That alone says that you would improve the DetroitYES! gene pool if you would stop posting. Judge Judy?! Really?!

**EastsideAl** · June-19-13, 01:25 AM

Originally Posted by 48091

I call BS, or at the very least request more details.

You're saying that you know someone that was making their mortgage payment in whole and on time that were foreclosed on?

As Judge Judy says, if it doesn't make sense, it's not true.

It makes me angry that people think that other folks ought to be able to live beyond their means on the backs of other people. It's not right for corporations to do it, and it's not right for people to do it.

You don't pay your mortgage, then you have to go find an arrangement within your means.

If some of these fringe people get their way and get a moratorium on foreclosures in Wayne County, you might just find yourselves with a lot fewer lender choices in that county. Banks will be unwilling to lend in those circumstances.

Reading comprehension?

**Eber Brock Ward** · June-13-13, 08:47 AM

Yeah, I'd like to hear that, too. Did they fail to carry insurance on the property, as required by the mortgage documents? Something else?

Color me skeptical.

**EastsideAl** · June-13-13, 01:51 PM

What people out there seem not to realize is that there has been a tremendous amount of mortgage fraud in the city. Like Mam above, I know of people who had paid their mortgage faithfully [[even though the house wasn't worth anywhere near the mortgaged amount anymore) and were still foreclosed upon because someone else they never heard of - perhaps a bank employee or mortgage broker scamming a commission - took out a mortgage on their home and never made a payment on it.

As things sit already, the banks foreclose so quickly, with little or no notice, and with forged [[i.e. stamped by a temp functionary) papers, that people often have not enough time to fight back. And with the onus on homeowners, who often have extremely limited resources, to prove that it wasn't their mortgage, and no pressure on the banks or mortgage companies to prove a damn thing, the odds are already stacked against them.

So, as things sit right now the banks are already often not following the proper procedures for foreclosures and evictions, and homeowners already have few, if any, defenses against fraud and abuse. This bill would take a bad situation and make it even worse, all for the benefit of the poor, poor, put-upon banks and mortgage companies, and much to the detriment of our cities and neighborhoods.

But those bozos in Lansing still won't pass a bill to make it easier to deal with the real blighting problem, which is already abandoned houses, many with massive tax delinquencies, that are open to trespass, stripping, and arson, but cannot be taken from their owners and demolished in any reasonable time. And, as we have recently seen, they are more than willing to protect the commercial strippers and the poor overburdened scrapyards from any consequences for their destructive actions. And yet people still wonder why citizens in Detroit don't have any trust in their state government.

**Cincinnati_Kid** · June-13-13, 02:14 PM

^^ I agree, good post. I swear everyone talks about the piss poor job "Jenny" did while in office, but this Snyder character is hell-bent on keeping the poor and working class just that. At least "Jenny" acted like a voice of the the working class whether she actually was or not, while Snyder's concerns lie solely with business and the rich. Every bill that crosses his desk is designed to inflict more pain for the working class and poor. Now that gas prices in Michigan are the highest in the country, he's leaning towards reassessing charging more in vehicle registration fees and higher gas taxes. I despise that guy.