So, let me get this straight. The guy reneged on his obligations to pay his loans to the bank, and the bank has to repossess to recover their property. Instead of doing what is right, this nutjob decides to further screw the bank, and you people say his is a visionary with guts? Give me a break. His story is full of shit when he says the bank would not take a payoff offer on the house because they could get more in repossession. This guy needs to do some hard time for his criminal actions.
Frustrated Owner Bulldozes Home Ahead Of Foreclosure
by purplesofa 25 Replies latest jw friends
-
-
villabolo
JeffT:
Villabolo, I don't buy it, plain and simple. He owned a business and commercial property. He was clearly in a position to understand loan documents on a house.
JeffT, if you had read the very first sentence of my post to which you commented on you would have heard me say the following:
"I can't speak to the details of this individual's case but I will comment on the general suffering of those who have been trapped into similar situations." (villabolo)
I was referring to the public in general who are not businessmen and commercial property owners. And as I further said before that, most of the public cannot understand the fine print legaleese of those contracts.
villabolo
-
-
worldtraveller
I hope I never, EVER get this messed up or angry, that I would go completely off the deep end. If you owe taxes, you should pay it. After all, you pay no income taxes if you receive no income. This guy had income, just seemed to have a need to spend, spend,spend.
Getting this angry, instead of dealing with whatever it is, just shortens your life.
-
purplesofa
From the movie NETWORK~
'I'M AS MAD AS HELL, AND I'M NOT GOING TO TAKE THIS ANYMORE!' I want you to get up right now, sit up, go to your windows, open them and stick your head out and yell - 'I'm as mad as hell and I'm not going to take this anymore!' Things have got to change. But first, you've gotta get mad!... You've got to say, 'I'm as mad as hell, and I'm not going to take this anymore!' Then we'll figure out what to do about the depression and the inflation and the oil crisis. But first get up out of your chairs, open the window, stick your head out, and yell, and say it:
'I'M AS MAD AS HELL, AND I'M NOT GOING TO TAKE THIS ANYMORE!
-
Snoozy
Did I read it wrong?
I thought his business was in trouble because of his being sued. Apparently the lawsuit declared that the payout for the lawsuit could be attached to his home. I didn't think he took out loans on his house?
Unless he put the house up for collateral for his business or somehow when he got sued by his Brother they put a lien on his house as the only tangible property he had that was worth anything.
He also stated he brought the house up, I am assuming that he bought the land and had the house built..
I am going to go read it again..
I do know that for a while banks were refinancing property at the inflated market prices and issued a lot of balloon payments on houses. or non fixed interest rates..that helped a lot of homeowners to "get rich quick".by refinancing ...but when the housing industry crashed the rates went up on their loans and their property values crashed..big time. Something they didn't care about or wouldn't realize would happen. Having spent the money on things other than to improve their property they were in a lot of trouble.
Then the government was forced to bail them/help them out..a big mistake...a waste of money...in my opinion.
Banks fault?
Owners fault...
They should have known it was too good to be true. But you can't tell that to some people..all they thought about was getting all that extra money!
Snoozy..