Comments on: Chain of Title: Housing Crisis has Led to Breakdown Social Order, Author Says

By: tusense

tusense — Wed, 08 Jun 2016 20:25:46 +0000

Homeowners are being robbed in the name of wanting free houses. Nice try but untrue, this is the courts excuse for not looking at the fraud being placed upon the homeowner and allowing the banks to get away with stealing our homes. The banks were able to get the Glass Steagal law changed under the Clinton presidency. This allowed the banks to sell our homes as a commodity on the stock market.. This allowed the banks to begin their fraud. Until we bring Glass Steagal back our economy will never recover. American’s aren’t asking for a free home, they were asking for loan modifications. Because the loan modifications were not profitable for banks and foreclosures are they aren’t modifying loans. They would rather throw people out on the streets and the Federal Government is complicit.

By: Julia Young

Julia Young — Wed, 08 Jun 2016 17:36:16 +0000

Thank you for telling individual stories! This is where the truth and pain reveals reality. Long needed!
Have been present at 4 recent SFR closings in recent months. All testify to article’s truth. Loans becoming easier to obtain, many 100% with down payment assistance. tons of paperwork.
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Two markets co-exist in Memphis. Many first time buyers or moving up buyers as those 4 closings represented.
Plus: A dominant market-Big Investors buying bulk, reselling to smaller “seminar” type investors who then renovate and pass the renovated package deals to individuals sold on a pot of gold cash flow in the local inflated rental market. The end buyers never see their purchases. Many are adequately renovated, many are ‘lipstick on a pig’, overpriced, boosting local markets above pre-crash values.
Anticipate another bubble in those? YES.