Bernanke Calls For Nationwide REO Rental Program

From an article written on  1-4-12  by  Jacob Gaffney. 

The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy.

Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses.

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My Reply......


RIDICULOUS !!   Private industry (entrepreneurial) is already in full gear and moving forward.  Why cut that off?
Multi-family market is growing and catching up to where it should be.  There should always be a decent balance of SF homes and MF homes.
Finally, letting natural market forces (supply & demand) work will always be best for America.  Many forget that this is one of the main foundations that built the USA's  World Class economy!

We do not need the Fed's jumping in late and stepping on our toes.  How foolish of our Congress Persons to believe they will not cause even greater problems.

Most important...why would we allow the highly profitable Banking industry to once again take control???

signed,  a TRUE AMERICAN








PS:  Just read the Blog below this one to see what happens when our Government steps in & over corrects on a problem....
Crushing our beloved Veterans again.   

BANKS GETTING BEAT UP !!!!

It is unfortunate that the lawyers are getting paid by both sides (whats new?), but the Banks deserve this one. Read this great article by Harold Lear......

All foreclosure efforts on B of A and Chase homes involved in the suit are suspended.

Some of the nation's top trial lawyers have banned together and are secretly beating the banks. These are the lawyers who previously represented these very banks; the lawyers who -- for years -- have gone to Court and "ended the madness" for many clients; the lawyers who know their way around the courthouses better than anyone. Already, these lawyers have filed a mass joinder case in 2009 that remains pending against Bank of America (and Countrywide) and includes thousands of Californians. This case is now going national. These lawyers have invoked laws and procedures the banks were previously unaware of, and Bank of America is getting beat at their own game because of it. Two weeks ago, the Bank was forced to admit that it had been defrauding the government in foreclosing on mortgages nationwide. Furthermore, on October 4, 2010, the Honorable Manuel Real of the United States District Court called the Bank's primary argument "absurd" and kicked the Bank out of Federal Court. The case is now proceeding in the trial court, and the mass joinder of plaintiffs from around the Country is expanding. It may be that the Bank is unable to recover under any of their promissory notes, or that the Bank has made other errors that will cause other penalties to be levied against them.

Currently pending or contemplated to be file in the Superior Court of California, in the County of Los Angeles are the following cases: Bank of America, GMAC, JP Morgan/Chase, WaMu, Wells Fargo, Wachovia, OneWest Bank, IndyMac, Citibank and other lenders.

This is obviously excellent for homeowners but can also assist attorneys and loan modification companies as they can use the litigation as an escape from the loan mods.

As of 11/08 the attorney's have decided to offer this to the general public, as a result of my relationship with one of the law offices. I have been afforded the opportunity to assist in marketing this program. If you wish information regarding these stunning developments, or should you wish to be considered for involvement in this action, please call Harold Lear 858-945-1047, Client Relationship Manager

FYI: todate- 1 home free and clear and 9 NODs torn up by the court, all foreclosure efforts on B of A homes involved in the suit are suspended.


Please see link: http://mvipps.com/v-why.htmBy Harold Lear, Client Relationship Manager at Real Estate Solutions That Work

IS THIS THE MOST BEAUTIFUL HOME YOU CAN BUY???

I've written about Deltec homes on this Blog before. But, they surely deserve more praise!
Why?? Huge great rooms, Hurricane proof, exemplary company service, intelligent & helpful representatives.......

Call on Kim LeFevers, Deltec's Public Relations Manager.

You have to view their website. They offer a very nice gallery of pictures.
Click on the link below....

http://www.deltechomes.com/photos.php?type=water

Yours truly, Larry Tutino

Dollars & Sense blog: The Great Real Estate Bubble of the 1920's | Dollars & Sense

Dollars & Sense blog: The Great Real Estate Bubble of the 1920's Dollars & Sense