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| 02:31 PM | ||
| Users Online Now: 3,009 (Who's On?) | Visitors Today: 909,038 | |
| Pageviews Today: 1,667,103 | Threads Today: 744 | Posts Today: 12,561 |
| 02:31 PM | ||
Fontana California using eminent domain to sieze foreclosed homes from banks | |
| Anonymous Coward User ID: 1609676  Canada07/12/2012 03:32 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 1609676 Canada07/12/2012 03:34 PM Report Abusive Post Report Copyright Violation | |
Aggieranch User ID: 19438845  United States07/12/2012 04:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 11026575 United States07/12/2012 07:28 PM Report Abusive Post Report Copyright Violation | This gets to the heart of who owns property in this country. Certainly not the homeowner since he must pay property tax. Property tax is a thinly disguised ownership. If the homeowner doesn't pay it, the home is foreclosed at a tax sale. People lose their homes for under $500. in back taxes sometimes. And of course, next in line is the bank, that can foreclose if the loan is delinquent. And don't forget the utilities, that can foreclose for non-paid gas or electric. So is there a difference between renting and owning? At least if you own your home you have more control. There is no landlord to evict you for some whim. |
| FierySky User ID: 7612693 United States07/12/2012 07:31 PM Report Abusive Post Report Copyright Violation | Just watching BNN, Canada's CNBC finacial channel and they were interviewing the Mayor of Fontana California. She is trying to use eminent domain laws to sieze properties in forecloser from banks for the betterment of the municipality / county and the local populous. The realators and banks are furious but the city of 200 000 people is not getting its property taxes and the banks won't refinance the foreclosed homes. She wants to sieze the mortgages and revalue them to actual market value and try to sell them for less than the banks who are keeping them inflated for an asset on their books. Quoting: Anonymous Coward 1609676 This is a stroke of genius, watch her get assassinated. Banks don't have to pay property tax during the foreclsure process. There is no link but get this idea out there! That's right. Take those houses away from those deadbeat and felonious banks and revalue them to a reasonable amount and let the city rent or sell them because the municipality is the one who ends up losing the most on these deals gone bad and the economy is screwed because of the banks. Right On!!! |
| THEVOICE User ID: 1267719 United States07/12/2012 07:54 PM  Report Abusive Post Report Copyright Violation | Just watching BNN, Canada's CNBC finacial channel and they were interviewing the Mayor of Fontana California. She is trying to use eminent domain laws to sieze properties in forecloser from banks for the betterment of the municipality / county and the local populous. The realators and banks are furious but the city of 200 000 people is not getting its property taxes and the banks won't refinance the foreclosed homes. She wants to sieze the mortgages and revalue them to actual market value and try to sell them for less than the banks who are keeping them inflated for an asset on their books. Quoting: Anonymous Coward 1609676 This is a stroke of genius, watch her get assassinated. Banks don't have to pay property tax during the foreclsure process. There is no link but get this idea out there! She just needs a magistrate to agree on a date the foreclosures was over..... cha ching.. Then charge them all the back taxes on each property. M.I.B Utopian agenda credentials ................................ Unit 21 of Shadow division Galactic federation omni connection certification. 1000k of light permit Agenda 21 cert. Green/Blue Code of GFOL cert. Backlog unit cert. Galactic Front of Alien drone operation cert. |
