Comments on: Screw You Freddie!!! Freddie Mac Shames Strategic Defaulters, tells them: For shame, don’t do it!

By: WAMU Wrecking Crew

WAMU Wrecking Crew — Wed, 12 May 2010 01:24:44 +0000

But, wasn’t WAMU, Countrywide, IndyMac, etc, strategic defaulters too? It seemed OK for them….. and the Supreme Court just recently ruled that a Corporation and a person have the same rights, right?

By: kimmatthewthomas

kimmatthewthomas — Tue, 11 May 2010 21:21:51 +0000

Hey Don,
Just wanted to comment on your comment in regards to people that walking away and how it effects the neighborhood and community. It’s ok when you come in or your company and take peoples homes. A lot of times illegally with blatant fraud from the originator on down to the appraiser, Title companies and wall street the biggest pirates of the whole scheme. That ok with thge option arm products and you guys also had stated income loans in which brought people to forclosure.I did not see your comments on that and anything that you guys did that helped a lot of people but you guys took a huge amount of bailout money to bail yourselves out. Who paid that?Did not hear you mention it in your poor me article.

By: Diana Cessna

Diana Cessna — Tue, 11 May 2010 19:29:29 +0000

I’d like to hear Freddie Mac acknowledge the “damaging impact THEIR actions can have on others” The spread of distressed properties to those that have struggled to keep up with their obligations until this point is partly due to the fact that banks and agencies failed in their initial response to the real estate crisis. Stalling short sale approvals and harassing homeowners is what has left properties abandoned and hurt communities. We are so past passing judgment on hard working homeowners that need to make hard decisions as a result of this market. It is never an easy or voluntary decision to default on a mortgage. It is a smart and responsible decision to face the reality of the true real estate crisis and protect whatever can be maintained of a family’s financial security. I have seen too many families rack up all their credit cards, deplete all their reserves (sometimes even Retirement Savings!) and forgo spending money on needed health care among other necessities because they were shamed into keeping up with their mortgage payments at all costs. That is the true immoral act. It’s egregious and border line illegal to make distressed homeowners believe that they should continue to deteriorate their financial resources until they inevitably cannot continue and end up in foreclosure irregardless. “Strategic Default” is one of the buzz terms of the propaganda that is misleading homeowners. Because of the banks efforts that work against any real solutions for distressed homeowners, the crisis continues and escalates to new homeowners every day. Just because it “seems” that someone can continue to pay their mortgage doesn’t mean that they are not in distress or soon to be facing escalating hardships. This whole line of reasoning is misleading and causes more harm.

By: stopGOVTwaste

stopGOVTwaste — Tue, 11 May 2010 18:54:40 +0000

http://www.homesteps.com

By: ForeclosureHamlet

ForeclosureHamlet — Tue, 11 May 2010 18:51:41 +0000

Now they’re worried about “social policy”?

They want to set some good social policy, then head a national moratorium on all foreclosures until the regulatory and criminal investigations result in indictments and the criminals are not rewarded for their misdeeds and wrongs perpetrated upon society.

ForeclosureHamlet.org