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With banks refusing to help homeowners with their underwater mortgages, a New York Times story advocates simply walking away. On Countdown. Copyright MSNBC 2010 www.youtube.com Keith Olbermann housing market real estate mortgage default Countdown strategic default banks bankers
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25 Responses
Comment by thorntongifts
July 24, 2010 at 2:13 pm
find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by thorntongifts
July 24, 2010 at 2:54 pm
find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by thorntongifts
July 24, 2010 at 3:19 pm
I find most of these comments uninformed. Its called full spectrum domination. This country is under full assault with a goal of NAU, North American Union. And all of you saying walk away please keep going your not needed here anymore. We need patriots, not armchair quarterbacks.
Comment by Helixjt3
July 24, 2010 at 3:28 pm
Most people will never hone in on effective ways of thinking. And believe it or not this illegitimate fart (air bubble) has given way to what we call morality (inertia).
Yeah, like we’re all in this together! Morality should be for people who think for themselves—that’s moral….your in the ocean swim dammit no ones coming to save you!!!
“By way of the individual no man or woman will ever have the right to take away something I’m smart enough to get rid of”
helixjt3
Comment by fal2grace
July 24, 2010 at 3:38 pm
@desertr0se2007 good for you:)
Comment by desertr0se2007
July 24, 2010 at 4:12 pm
Yup, the government helps the banks but not the home owners. Very few people are able to get help from anyone. I walked away. That was last year and no regrets at all.
Comment by consdel2000
July 24, 2010 at 4:54 pm
You dumb fucker. Some people were conned by these greedy lenders to buy into these mortgages. Get your deformed face out of your fat ass, motherfucker.
Comment by MoeBedard
July 24, 2010 at 5:17 pm
There are things you can do to avoid walking away from your homes and to still pay your mortgage. The videos on my channel are full of rants and pep videos to educate people on what they can do to save their homes from being foreclosed on. Please check out the videos on my channel such as Fighting Foreclosure and Loan Modification Fighters.
Comment by Ripple4135
July 24, 2010 at 5:22 pm
Is your mortgage underwater or can you not afford your house? There is a difference. The first situation sucks but it isn’t as big of a deal as people make it. The house is still the same house, it’s just currently worth less than it used to be. Fortunately, houses are long term purchases. Making the “business decision” to walk away from your mortgage was stupid. You’ll never own a home now.
As for the latter, that is a situation I will never be in. I spend much less than I make.
Comment by Sinead522
July 24, 2010 at 5:59 pm
@Ripple4135 You are a stupid jackass. I hope you get into this situation someday asswipe.
Comment by Ripple4135
July 24, 2010 at 6:36 pm
You shouldn’t have bought a house you couldn’t afford DIPSHIT.
Comment by fal2grace
July 24, 2010 at 7:08 pm
@Sinead522 well good luck to you.
Comment by Sinead522
July 24, 2010 at 7:42 pm
@fal2grace Thank you. Everything in this video is excellent and I agree with every bit of it. I have been trying to work with my servicer for over a year, i.e., loan mod attempts, etc., and have been shot down every single time. Conclusion, they have NO intention of helping me, so as far as I’m concerned they can have my house and stick it. I started my strategic default back in September!
Comment by fal2grace
July 24, 2010 at 7:49 pm
@Sinead522 well said
Comment by Sinead522
July 24, 2010 at 8:41 pm
That’s right, it is just a business decision for us homeowners. These self-righteous banks can kiss my azz.
Comment by jclemens1970
July 24, 2010 at 8:43 pm
walk away from the mortgage, perfect, just what the welfare state and the illegals and civil rights and blah blah blah,
I must be a racist right?
THIS IS ALL PLANNED OUT ,
You idiots are gonna get what you deserve if U don’t,
Buy guns and join the T-Party types.
Screw Ron Paul screw them all,
Here is what I can tell you,,,, you had better learn how to grow/hunt and preserve your food, learn to trade your skills,, and most important,, learn how to turn off your TV,, fo-eva,, foo
Comment by andromedastar1
July 24, 2010 at 8:47 pm
Why doesn’t the press talk about all the investors and people who flipped houses at this time. They are walking away from 100′s of mortgages and killing property values and neighborhoods.
Comment by justanothersheeple
July 24, 2010 at 9:17 pm
well year end too soon
Comment by fal2grace
July 24, 2010 at 9:32 pm
don’t think 4Q numbers are in yet; we’ll have to watdh.
Comment by justanothersheeple
July 24, 2010 at 10:26 pm
defaulting mortgages and bank write off’s, losses
Comment by fal2grace
July 24, 2010 at 10:32 pm
not sure what you mean dell
Comment by justanothersheeple
July 24, 2010 at 11:02 pm
@fal2grace where’s the end of the quarter totals dear?
Comment by fal2grace
July 24, 2010 at 11:12 pm
good point. thanks
Comment by 1RoaringMonk
July 24, 2010 at 11:20 pm
I was wondering when was the first real estate transaction in the americas ? After they stole the land who had the balls to sell it for pure profit after theft ? what goes around comes around
Comment by fal2grace
July 24, 2010 at 11:32 pm
Yes, it does need to be restructured. Thanks for commenting.
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