Posts by zarco

29

Banks face foreclosure fraud crisis that could give you a free home

by moshe in

breaking story on the internet:.

foreclosuregate: time to break up the too-big-to-fail banks.

by: ellen brown october 15, 2010 .

zarco

If I buy a foreclosed home and borrow money to buy it, I am required to purchase title insurance. If the title is questioned then the title company does have some risk. If I pay cash and do not have title insurance then I do have some risk, but the risk is minimal.

The questioning of the title and the legality of the foreclosure would come from the previous homeowner. The prior home owner would have to remedy the deficiency even if the claim that the foreclosure was fraudulent was correct. In most cases the courts side with the current homeowner since he/she acted in good faith and the prior homeowner defaulted on the obligation. The problems with the title and mortgage chain of ownership are rectifiable - time consuming but not difficult.

There will not be free homes for people. People will have to pay their debts if they want to remain in the home and remedy past deficiencies if they want the home back and even then they might not get the home back. A homeowner might be able to negotiate some concessions from the bank, but these concessions are roughly equal to what the bank projects it will cost to go through the foreclosure process.

With regard to banks failing because their loan portfolio is worth very little - now that is a big issue and it seems like they should be allowed to fail. But the US will need a national bank or some sort of substitute otherwise the economy will fail with the big banks.

It will be interesting to see this play out.

zarco

29

Banks face foreclosure fraud crisis that could give you a free home

by moshe in

breaking story on the internet:.

foreclosuregate: time to break up the too-big-to-fail banks.

by: ellen brown october 15, 2010 .

zarco

Moshe - certainly many mortgages were/are not properly documented by the banks. Mortgage procedures were written for a time that required paper and signatures. By shortcutting procedures, the banks will have a difficult time quickly foreclosing on a property. However, homeowners will not owe less because of the lack of a paper trail. The remedy for homeowner that had its house foreclosed upon is to pay what is owed. The remedy for the banks is to properly document the mortgage which will take time but is doable.

With regard to decreasing house prices and the resulting lower mark-to-market of the banks portfolio of loans - this will result in a sever bank crisis as the banks will not have sufficient reserves to cover such losses (decreased portfolio value). This will cause many banks to fail and at minimum cause most banks to stop or limit loaning new money.

The lack of properly documented mortgages will not result in any significant benefit to any homeowner other than delaying a foreclosure or by a bank modestly adjusting the amount owed or terms of the mortgage.

Best,

zarco

13

Why a Movement to Stop Jehovah's Witnesses Doesn't Make Sense

by AllTimeJeff in

jw
friends

frequently, i see angry departing jw's want to stop someone from going through the experience they have had.

people dying because of their horrible and contradictory blood doctrines, the protection of child molesters in their midst, who wouldn't want to destroy all of that.. the reality though is pretty simple.

as an organization, jw's are far from the only ones who systematically practice the use and abuse of people for their own groups benefits.. can you get rid of one?

zarco

I agree that that crumbling of the WTS is when individuals think for themselves and decide to act like an individual and a full attack-based program will never work against the JWs - they would think it was Satan and rally the troops. One organized movement that does bring down organizations and political parties is the access to free and open information. This is where an organized approach makes sense. The press and informal press (internet and blogs) is a powerful organized force. I think we may see the Witnesses crumble in Western Europe in our lifetime. As you note, the leadership is its own worst enemy and freedom of information about their evil nature and decisions will hasten the fall.

z

240

Let's Talk Baseball ! Who's your Favorite Team ? Love My S.F. Giants !

by flipper in

jw
friends

and they are now in 1st place in the n.l.

west with a 6-1 record !

and the hated l.a. dodgers are in last place !

zarco

We watched every pitch from the Chatham Isalnds... an exciting game. What a pitching staff. That Brian Wilson is one crazy dude.

z

20

Child Abuse Policy question re: credible evidence

by Open mind in

i'm familiar with the two witness rule and just read that it still stands in the new elder's book.. .

if a child accuses someone of sexual abuse:.

1. call the branch.

zarco

OM - excellent question and a significant omission from "mother" :)

I am inclined to agree with you that DNA evidence could be used as the second witness, but I don't know for sure. Another thought is that they could make a simple announcement that "so and so is no longer one of JWs". They use this approach for those who join the military or another religion. I wonder if they would use this with a convicted child molester.

zarco

27

My mom is pleading me to attend the JC

by bottleofwater in

what should i do?.

zarco

A Judicial Committee is designed to give all of the control to the elders. It is not a fair representation of the facts, nor is the standard used to judge the facts a reliable one (see the many changing beliefs of the WTS). Compounding these issues is the fact that the men sitting in judgement likely have no formal training in how to discern facts nor a deep understanding of how humans work, societal forces and similar.

Given the unfair situation, I recommend that you not attend. If you do attend try to equalize the playing field by recording the event, bringing witnesses or bringing an attorney.

zarco

278

Children of 1975

by d in

what was it like to live in the 1950's 1960's and early 70's as a jehovah witness.when they started to push the 1975 date..

zarco

Jehovah's channel of communication :) in our area was Floyd Kite and Angelo Manera. The virtually guaranteed that the Big A was on the way. Nearly every talk, every discussion focused on 1975. My mom moved our family to where the need was greater in 1973 reasoning that we would only have to live there for two years. She sold our home and we left behind dear relatives, friends and opportunities. When the Big A did not come, I swore to never believe them again although I stayed "in" until a couple of years ago. I think the financial pressure that results from living with a two year time horizon coupled with leaving a strong support system of family, friends and jobs took a severe toll on my mom. She never was the same person again. She began to break down physically and mentally starting in 1976. Obviously people can and do recover from being lied to and the trauma associated with realizing that what you thought was God's Channel was a bunch of ignorant, evil men... but I do hate them for what they did to her.

Best,

zarco

32

Online Dating: Tried It?

by daringhart13 in

has anyone tried online dating?.

i travel constantly and feel like i'm only home on weekends....tough to meet anyone near me..... any success?

waste of time?.

zarco

A couple of comments:

I got married before online dating was created

Friends (JWs) that met online are kinda weird

Friends (non JWs) that met online seem like they have a good thing going

I work out 7 times a week and still a little tiny bit of my belly hangs over my pants, and

I love my dog :)

Best,

zarco

27

Those silly MORMANS! They believe that they are going rule their own PLANET!

by sabastious in

you ever remember poking fun about other religions with your jw associates?.

i do.. now that i am out i find it funny and very ironic that i made fun of such "absurd" beliefs.. here is a list of the top of my head that i used to believe:.

1. that 144,000 people will taken from the earth at random and appointed a immortal kings and priests in heaven.

zarco

Maybe the best judgement of the Mormans is what do they produce, what do they leave behind so that others can build upon.

They build businesses

Their children are mostly college grads

They seem to have better retention numbers than the Ws (Pew Study)

I am not a Morman fan, but given the choice between JWs and the Mormans - I would take the Mormans everytime

z

8

Freakonomics and the drop in the crime rate

by Damocles in

we recently watched the movie 'freakonomics' based on the book of the same name and it posited some pretty scandalous ideas among the less so.

on the less scandalous side, name choice has little to do with success except that a mother who names you some wierd thing has other problems that surely will affect you.

its not the name its the parents who would give you such a name.. on the provocative side, they note that the slide in crime rate across the country corresponds with the time period that abortion has been legal.

zarco

A similar book is titled "more sex is safer sex" - really thought provoking examples of the causation correlation debate.

Best