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CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away

 
PhennommennonnModerator
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03/27/2011 10:25 AM

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CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis. People who attended the meeting, chaired by the Federal Deposit Insurance Corporation on Monday, said the industry-wide “cash for keys” program would involve the biggest servicers, led by Bank of America paying borrowers as an incentive to leave their homes. Banks would pay borrowers who are more than 90 days behind on mortgage payments up to $1,000 to seek independent financial advice and up to $20,000 in cash as a “fresh start” payment towards living costs in a new home.

They would have to vacate their properties quickly and leave them in good condition. Sheila Bair, FDIC chairman, raised the idea but people involved said it was not an official government proposal and was rejected strongly by some of the banks. The Department of Justice; state attorneys-general; banking regulators, including the FDIC; the Treasury; and the new Consumer Financial Protection Bureau are among the agencies trying to come to a settlement with the industry. A combined penalty of about $20 billion has been discussed, with one idea to use the money to write down the outstanding debt of struggling homeowners

[link to globaleconomicanalysis.blogspot.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PhennommennonnModerator (OP)
Forum Administrator

User ID: 1034196
United States
03/27/2011 10:25 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
:TTMARwoody:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1315279
United States
03/27/2011 10:27 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
sweet ima go buy a 2000 house not pay the mortage get 20 k and buy a 5 k house put 5 k into it and bank 10k , dig deep fucko taxpayers ) cause ima coming for ya
PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/27/2011 10:33 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
sweet ima go buy a 2000 house not pay the mortage get 20 k and buy a 5 k house put 5 k into it and bank 10k , dig deep fucko taxpayers ) cause ima coming for ya
 Quoting: Anonymous Coward 1315279


:pokerTELLS:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1316281
United States
03/27/2011 10:35 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
sweet ima go buy a 2000 house not pay the mortage get 20 k and buy a 5 k house put 5 k into it and bank 10k , dig deep fucko taxpayers ) cause ima coming for ya
 Quoting: Anonymous Coward 1315279


And that's how this new game will be played, too.
PhennommennonnModerator (OP)
Forum Administrator

User ID: 1034196
United States
03/27/2011 10:37 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
sweet ima go buy a 2000 house not pay the mortage get 20 k and buy a 5 k house put 5 k into it and bank 10k , dig deep fucko taxpayers ) cause ima coming for ya
 Quoting: Anonymous Coward 1315279


And that's how this new game will be played, too.
 Quoting: Anonymous Coward 1316281


ppl fell for the cash for clunkers and got one helluva butt fuckin. this'll be no different. same shit, another non stop ass rape.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1277621
United States
03/27/2011 10:40 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
So first they rob us of our gold in exchange for useless paper...not that golds much more useful when tshtf...now there trying to give us this inflated paper in exchange for our homes. I hope people don't go for this it would be a very bad move, literally.
PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/27/2011 10:41 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
So first they rob us of our gold in exchange for useless paper...not that golds much more useful when tshtf...now there trying to give us this inflated paper in exchange for our homes. I hope people don't go for this it would be a very bad move, literally.
 Quoting: Anonymous Coward 1277621


moh money. freeh monay. works every time.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1256036
United States
03/27/2011 10:45 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
sweet ima go buy a 2000 house not pay the mortage get 20 k and buy a 5 k house put 5 k into it and bank 10k , dig deep fucko taxpayers ) cause ima coming for ya
 Quoting: Anonymous Coward 1315279


And that's how this new game will be played, too.
 Quoting: Anonymous Coward 1316281


ppl fell for the cash for clunkers and got one helluva butt fuckin. this'll be no different. same shit, another non stop ass rape.
 Quoting: Phennommennonn


I hadn't heard people got schmucked on C for C. This new proposal is outrageous...as usual. I know people that haven't paid mortgage in nearly three years and now they are going to get a 20K bonus?
On top of the 30K in mortgage savings?
The banks are not selling the inventory they have, and now they are going to add to their inventory? Why is the gov so quick to add to inventory UNLESS they were planning to crash the dollar and knew that RE would be a better asset to have than nothing.
Anonymous Coward
User ID: 842983
United States
03/27/2011 10:47 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
Interesting.

Stephen Lerner evil conspiracy to bring down America's economy must be working. I don't know why they don't arrest that bastards.
dookie stain
User ID: 1270082
United States
03/27/2011 10:47 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
Back during the real estate boom, Fannie Mae was doing "cash for keys"....they offered less back then to move people out....I told the realtor it was a bad idea and encourages scams....back then they used the program to free up potentially expensive properties....there was scammers that bought,stripped the places of appliances and waited for the cash....
Anonymous Coward
User ID: 300884
Sweden
03/27/2011 10:48 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
Here's an idea on how to boost the economy: why don't we let every schmuck who lacks sufficient income borrow a million dollars for a home he can't afford, and then when he can't pay back, we write him a fat check for his trouble?


Oh wait.
PhennommennonnModerator (OP)
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03/27/2011 10:50 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
right after they closed the cash for clunkers - they either did - or were going to, do one for old appliances like refrigs/freezers - to make you go smartgrid green
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 907170
United States
03/27/2011 10:51 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
shocked
Nailer45

User ID: 1314105
United States
03/27/2011 10:55 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis. People who attended the meeting, chaired by the Federal Deposit Insurance Corporation on Monday, said the industry-wide “cash for keys” program would involve the biggest servicers, led by Bank of America paying borrowers as an incentive to leave their homes. Banks would pay borrowers who are more than 90 days behind on mortgage payments up to $1,000 to seek independent financial advice and up to $20,000 in cash as a “fresh start” payment towards living costs in a new home.

They would have to vacate their properties quickly and leave them in good condition. Sheila Bair, FDIC chairman, raised the idea but people involved said it was not an official government proposal and was rejected strongly by some of the banks. The Department of Justice; state attorneys-general; banking regulators, including the FDIC; the Treasury; and the new Consumer Financial Protection Bureau are among the agencies trying to come to a settlement with the industry. A combined penalty of about $20 billion has been discussed, with one idea to use the money to write down the outstanding debt of struggling homeowners

[link to globaleconomicanalysis.blogspot.com]
 Quoting: Phennommennonn


well those who fall for the scam will later find themselves in court having to pay the original loan amount and then add the $$$$$ the bank gave them to move out plus interest and late fees.

No bank will just give you money to move out without getting it back plus more, nothing is Free..
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
ac
User ID: 1053923
United States
03/27/2011 10:57 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
Anonymous Coward
User ID: 1293188
United States
03/27/2011 10:57 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
Then we get taxed on the loss ($21k) plus the low ball price they sell the house at in blocks to their friends while sticking the public with the shit houses.
Anonymous Coward
User ID: 1152154
United States
03/27/2011 10:58 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
buy guns with the money.
PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/27/2011 10:59 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923

they didnt tell anyone the money was taxable.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ac
User ID: 1053923
United States
03/27/2011 10:59 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I think we should stop getting all worked up here, it is obviously not going to be the fact, says so right in the article.
Anonymous Coward
User ID: 1293188
United States
03/27/2011 11:00 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
And for the stupid idiots that accept this offer, they will be taxed for the difference of the market value of the home and what it is ultimately sold for. These people are criminals and should be done away with. They are leaches on society
Nailer45

User ID: 1314105
United States
03/27/2011 11:01 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923

they didnt tell anyone the money was taxable.
 Quoting: Phennommennonn


the feds call it unearned income, so you will pay taxes on it at tax time just like the $600 stimulus checks..
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/27/2011 11:01 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I think we should stop getting all worked up here, it is obviously not going to be the fact, says so right in the article.
 Quoting: ac 1053923


its just the point dude, the ed mcmahon million dollar clearing house ship has sailed.
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The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
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Every closed eye is not sleeping, and every open eye is not seeing
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The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
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political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

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FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

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PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/27/2011 11:01 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923

they didnt tell anyone the money was taxable.
 Quoting: Phennommennonn


the feds call it unearned income, so you will pay taxes on it at tax time just like the $600 stimulus checks..
 Quoting: Nailer45


many didnt know this - huge uproar about it.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PhennommennonnModerator (OP)
Forum Administrator

User ID: 1034196
United States
03/27/2011 11:02 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
And for the stupid idiots that accept this offer, they will be taxed for the difference of the market value of the home and what it is ultimately sold for. These people are criminals and should be done away with. They are leaches on society
 Quoting: Anonymous Coward 1293188


ppl would need to read the fine print. no one gives you something for nothing. not without strings.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1309758
United States
03/27/2011 11:05 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923


did you pay the income tax on the $4000?
If you haven't filed yet, you'll be surprised to find a line on the 1040 to account for that "gift" income...
Anonymous Coward
User ID: 1048236
United States
03/27/2011 11:12 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
The banks want their interest, be it mortgage payments or the structure itself.

Back in 2008 when the financial collapse started to get a strong hold, it was brought up by several elected Rep that all mortgages interest rates should be lowered/reset to 3% to 4% to all current mortgage holders.

Their reasoning was, doing this will give the homeowner about $400.00 a month to invest in the economy. So someone paying $1600 and month would now be paying $1200 a month under their current mortgage.

But the Demo's didn't like that idea, they rather give banks billions as say a big F-U to homeowners. As we see the current admin only cares about big banks and not the taxpayers.

So one could look at as having $400.00 more a month to spent would stimulate the economy, it is a win, win for everyone. People would have purchased large ticket items, TV's, Wash/dry units, automobiles, pay down CC debt.

The banks would have benefited because the more people paying mortgage, the more monies the banks would have made. But fuck no, the banks wanted the money now, and of course our government said a big F-U to homeowners, taxpayers, grandparents, families everyone except banks, auto manufacturers and every fucking country that cries "I'm broke".

Here's a billion here, how about 2 billion, 5 maybe 10 billion, but don't worry about paying it back, the American public does not need to know, wink, wink.

How much easier would it be for any level of government to increase taxes when homeowners have a guaranteed $400.00 more a month to spend. For all of these highly educated financial wizards that work for the government why can't they open their eyes and see that this would work.

That's right, the banks only concern is how much of a bonus one will receive thanks to the taxpayers.
Anonymous Coward
User ID: 1315279
United States
03/27/2011 11:26 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923

they didnt tell anyone the money was taxable.
 Quoting: Phennommennonn


which doesnt mean shit if you are in the lowest bracket . so the dude got 3400 off a car instead of 4000, it was till a buttfucking alright , for the taxpayers
PhennommennonnModerator (OP)
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User ID: 1034196
United States
03/28/2011 12:14 AM

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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
I don't know about anyone else but I got a real sweet deal in C for C. I traded in my vehicle that was 10 years old, worth about $750.00 for a new vehicle because the new vehicle got 10 mpg more I received $,4000.00. It sure helped lower the payments on my new car freeing up more $$ every month to stay current or pay off other bills. Perhaps others had a different experience.
 Quoting: ac 1053923

they didnt tell anyone the money was taxable.
 Quoting: Phennommennonn


which doesnt mean shit if you are in the lowest bracket . so the dude got 3400 off a car instead of 4000, it was till a buttfucking alright , for the taxpayers
 Quoting: Anonymous Coward 1315279


^^that
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 1279601
United States
03/28/2011 12:24 AM
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Re: CASH FOR KEYS - FDIC Would Pay Underwater Homeowners $21,000 to Walk Away
Needs me mo stimulas! Checky mon check sherrie!







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