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Reposessions and Foreclosures about to be halted.

 
Rastifar
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User ID: 1061799
United States
10/13/2010 09:01 AM
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Reposessions and Foreclosures about to be halted.
It was reported on a financial news program on WFTV here in Orlando last week. The program was geared toward the home foreclosure epidemic, but a lot of points made on the collateral recovery procedures going thru severe changes. BOA's annoucement was one of them.

Another troublesome point outlined was that the federal gov. is also currently reviewing a bill that would essentially stop all home foreclosures and asset recoveries for families of under $45,000 household income.

I haven't been able to find this bill to read it.

I just wonder if that stop on foreclosures & recoveries will pertain to Recovery Agencies and their owners.....since if and when this takes place....we will obviously be under the $45,000 thresh hold and all of our sh*t will be out for repo then!!

Last Edited by Rastifar on 10/13/2010 09:08 AM
BRIEF AND TO THE POINT

User ID: 381742
United States
10/13/2010 09:03 AM
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Re: Reposessions and Foreclosures about to be halted.
It was reported on a financial news program on WFTV here in Orlando last week. The program was geared toward the home foreclosure epidemic, but a lot of points made on the collateral recovery procedures going thru severe changes. BOA's annoucement was one of them.

Another troublesome point outlined was that the federal gov. is also currently reviewing a bill that would essentially stop all home foreclosures and asset recoveries for families of under $45,000 household income.

I haven't been able to find this bill to read it.

I just wonder if that stop on foreclosures & recoveries will pertain to Recovery Agencies and their owners.....since if and when this takes place....we will obviously be under the $45,000 thresh hold and all of our sh*t will be out for repo then!!
 Quoting: Rastifar



[link to articles.moneycentral.msn.com]
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Rastifar  (OP)

User ID: 1061799
United States
10/13/2010 09:03 AM
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Re: Reposessions and Foreclosures about to be halted.
This is pinable.





GLP