Homeowner Revolution Anyone? The Internet May Bring on the 2nd Revolution - Mortgage Forum

Moe Bedard · 03-26-2009, 10:40 AM

The internet is starting the seeds of the 2nd revolution. To think any different will be a grave mistake Washington.

Please watch the compelling videos below if you care about this country, your rights and the future of your children.
Are you going to keep watching American Idol, burying your head in the sand and waiting for the Obama plan to save you?

Or are you going to stand up against the Wall Street criminals who control Washington and YOU!

No other tool, marketing ploy or TV spot did what online social media did to elect President Obama. It is now being used to organize Main Street by social media site like YouTube. These videos have received million of hits and the evidence they provide via actual reality are verifiable facts and absolutely

Please watch the videos here and then come back and voice your opinion.

This is not something light hearted and makes us all look around and ask some serious questions. Hopefully this will do just that and we can have the people who are getting screwed out of their American Dream, homes, 401k's and speak their minds!!!

Believe · 03-26-2009, 12:33 PM

Yes, and Yes! I'm ready for a homeowner revolution, and I'm ready to stand up to Wall Street. Just think about these numbers: 1,880 users are currently on-line at loansafe.org. 1,880! That means, at this very moment, there are 1,880 people who have lost, or are worried about losing their homes. And that is only at this very moment, on this very web site. What about 5 minutes from now, and 5 days from now, all over the country? We've got to do something meaningful!

ManicMangaManiac · 03-26-2009, 01:26 PM

Believe,
I totally agree with you. We homeowners have absolutely GOT to stand up to the Wall Street criminals and fight for what is ours by right! Not only do I feel like I'm getting screwed by those scumbags, I feel like I'm also getting screwed by the court system.

Just last week, I sent a demand to produce the original note to the plaintiff's attorneys on my own, and then I got an email from my own attorney scolding me for having done so (he's next to useless in my opinion); he said that I should not do that sort of thing anymore or I would make the judge very angry--and what's more, he said the judge stated he would allow copies of the note to be introduced as evidence! Where's the fairness in that?? What if Wells Fraudgo (the trustee of my mortgage with Option One) doesn't have actual possession of the note?? What recourse do I have then?

This whole thing is so blatantly unfair, I just want to rant and rave and scream. Only over my dead body will Wells Fraudgo take my house from me!!!
Sally

Moe Bedard · 03-26-2009, 02:08 PM

Yes, this website gets 250,000 plus hits a month and sometimes thousands of users at a time.

Wall Street is shifting all the wealth from Main Street to the Banks and it it is happening as we speak. All our homes, 401k's, dreams etc have and are being transferred to a wealthy select few.

Sometimes I wonder if people really understand that this it is "us" against them. And if this crisis with these bank bail outs do not show that Wall Street is behind this, then we are all in big trouble.

I just want people to wake up and exercise their rights!

Believe · 03-26-2009, 02:12 PM

Sally, perhaps with Moe's lead we will find a way to do something constructive. Most of us just don't know how to start. The mortgage mess has consumed my life, and I need help finding my way out of this he!!.

Moe Bedard · 03-26-2009, 05:22 PM

I think this could be as simple as homeowners uniting together as one, refuse to pay and squat. We could take the Ohio State Senators lead and I quote,

“Possession is nine-tenths of the law.”

Marcy Kaptur of Ohio is the longest-serving Democratic congresswoman in U.S. history. Her district, stretching along the shore of Lake Erie from west of Cleveland to Toledo, faces an epidemic of home foreclosures and 11.5 percent unemployment.That heartland region, the Rust Belt, had its heart torn out by the North American Free Trade Agreement, with shuttered factories and struggling family farms.

Kaptur led the fight in Congress against NAFTA. Now, she is recommending a radical foreclosure solution from the floor of the U.S. Congress: “So I say to the American people, you be squatters in your own homes. Don’t you leave.”

She criticizes the bailout’s failure to protect homeowners facing foreclosure. Her advice to “squat” cleverly exploits a legal technicality within the subprime-mortgage crisis. These mortgages were made, then bundled into securities and sold and resold repeatedly, by the very Wall Street banks that are now benefiting from TARP (the Troubled Asset Relief Program).

The banks foreclosing on families very often can’t locate the actual loan note that binds the homeowner to the bad loan.

“Produce the note,” Kaptur recommends those facing foreclosure demands of the banks.

chefette · 03-27-2009, 04:50 AM

Moe, thank you for trying to rally the homeowners and getting some attention here. I agree with all you have said about the Wall Street aspect of this situation. But they are only half of the problem. Congress is the other half. Don't you think the reason the bail outs are so popular is that they are trying to hide the fact that THEY helped to create this monster and their greedy little hands were deep in pockets that should not have been? Bail outs create a smoke and mirrors and put the blame on others so no one questions them? Crap falls from the head down, and the head, if you ask me is the morons on Capitol hill and I am sorry but Barney Frank and Chris Dodd are at the top of the pile. While I am sure there are others, it seems to me that it is a scramble game to hide what has happened and everyone is in CYA mode. We need to find the snake, and chop its head off. I would be happy to do anything to help our homeowners out, I just think at the moment we are a small burnt offering in the larger picture. However, that being said, I would gladly do whatever, not only for my home, but for this country. Texas

LHarveyMadman · 03-27-2009, 09:05 AM

chefette, I agree with you completely. Congress clearly played a major role in creating this mess. And Barney Frank's position at the top of the so-called government solution is so bitterly hypocritical. As illustration, I love referring to this article in the New York Times from September 11, 2003:

New Agency Proposed to Oversee Freddie Mac and Fannie Mae

By STEPHEN LABATON

Published: Thursday, September 11, 2003

"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates."

...

"Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

"'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. 'The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'"

Read the whole article here. This problem could have been mitigated, if it weren't for the lack of foresight of our elected leaders.

http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?scp=1&sq=september%2011,%202003&st=cse

Moe Bedard · 03-27-2009, 09:38 AM

I agree that we need a complete over haul of Congress. The old way of pay to play is what got us here. Wall Street funds Washington and that is the problem hands down.

The people need to cut the cancer out completely or we will continue to suffer from this terminal toxic, CDO, derivative, bull**** snake oil that Obama is saying that we the people, our kids and ours kids kids need to pay trillions $ to buy this fraudulent crap that was the result of a massive banking ponzi crime.

Just so you all know, it is so the rich elite will now control most the the country by taking back millions of homes, commercial buildings, and lives will now be enslaved to these credit demons who have sold us the snake oil from which we all are suffering.

I wrote about it here over two years ago: The Great American Homeowner Swindle | Loan Modification & Home Loan News October 4, 2007

THEY WANT YOUR HOMES AND BUSINESSES!

Quote:

As I study loan workouts and loan modifications by lenders and receive reports like Moody’s recent article claiming only one percent of U.S. subprime mortgages with interest rates that began to adjust in January, April and July were modified to help homeowners avoid default. Moody’s surveyed 16 servicers that manage $950 billion in subprime mortgages — roughly 80 percent of the market.

$950 BILLION DOLLARS! WOW! That equals a lot of real estate that lenders will essentially control and
hold borrowers like puppets as they try and seek relief from their lender. Dangling by strings and making them jump through hoops for help. Did they do that when they sold them the darn loan? Hell no! Then why are we letting them get away with it now?

I feel like I’m playing a twilight zone game of monopoly.
Is this all part of their plan to enter the real estate arena and push out mortgage brokers and real estate brokerages?

Think about it?

So why are lenders claiming that they are working with borrowers, when in fact anyone who knows what’s really going on in regards to loan workouts and loan modifications, will testify to the fact that this couldn’t be farther than the truth.

Most of the time it would make perfect sense for the lender or servicer to work with the borrower, fix their loan and everyone would be happy and live happily ever after.

But that just doesn’t happen very often and as you see this happening to hundreds and thousands of people. You have to think beyond what is going on right now and think, “Is this all part of some kind of sick plan to take peoples homes as a result of the toxic loans that were sold to them?” Then enter and control the real estate market and thus also have a monopoly on the mortgages business.

Trillions have already been spent on Wall Street to bail them out and how much on Main Street?

We are on our own folks.

To think any different would mean you have not educated yourself on money and banks, your in denial or you are one of them.

15119DOVE · 03-27-2009, 10:08 AM

I am in Moe...we're MAD!!!!!!!!!!!!!!!

we no longer can afford our house monthly mortg payment keep on rising...we live in a nightmare that we scream but no one seem to hear us UNITED & FIGHT FOR US & THE FUTURE OF OUR CHILDREN!!!!!

ManicMangaManiac · 03-27-2009, 11:52 AM

I will tell you one way how I'm going to fight back and that is via a T-shirt design I have in the works. On the front is a circular badge with "Fighting Homeowner of America" around the rim, with 'FHA' in the center with a flag background and the message next to the badge, "Yes We Can. Yes We Can Fight Back and Save the American Dream!" On the back the header says: 'The Fighting Homeowners of America Predatory Lender Hall of Shame' with a 'roll call' below of the worst subprime lenders in the country below, including Countrywide, Option One, Wells Fargo, First Franklin, Homeq, WaMu, and others.

I intend to have that design printed up soon and when I do have my judicial court hearing (it was scheduled for this coming Monday, March 30th but I caught a huge break and it has been continued to mid-July. YAAAAAY) I will be wearing that shirt in front of the judge and the plaintiffs' attorneys to show them I am a proud Fighting Homeowner of America!

Moe, if it is not a problem, I would be more than happy to post a screenshot of the t-shirt design here--but I will wait for your go-ahead first--

Sally

Moe Bedard · 03-27-2009, 12:03 PM

AWESOME! Please post it Sally!!!

chefette · 03-27-2009, 12:05 PM

Agreed Madman, and the housing market crisis is no longer the only elephant in the room, in fact its being dwarfed everytime Obama rushes through legislation and prints money faster than the forests can produce the paper. (hey where is Al Gore on that one) The new elephant is larger and more sinister in my mind and I don't know about you guys but I am praying everyday that we will last to the 2010 elections in order to clean house. But honestly, that may even be too late, that is why a movement had better start and I believe it has, but main stream media keeps it out of the spot light and many people are quite uninformed and seem to have no desire to look past their noses just yet. Its time for a wake up call.

chefette · 03-27-2009, 12:07 PM

Would love to see the t-shirt design.

Believe · 03-27-2009, 03:03 PM

Chefette, I would, too! Sally, BRING ON THE T-SHIRT DESIGN, please! And don't forget my lender, HSBC!

zebracar1 · 03-27-2009, 03:17 PM

Im in. I have spent so much time trying to save my home it has become a full time job. And I have only been lied to. Im ready to rise up and make myself heard.

RimToRimHiker · 03-27-2009, 07:00 PM

Put me down for a T-Shirt. What a great idea!!!

Check out this report on Foreclosures from the NewsHour w/Jim Lehrer on PBS this past Monday:

Glut of Foreclosed Homes Encourages Scams, Desperation | Online NewsHour | March 23, 2009 | PBS

One of the aspects of foreclosure that was touched on was folks who have had their houses foreclosed but they refused to leave after the sale of the house. ACORN is getting involved. They are calling it the new civil rights movement.

Here's the transcript for that part of the story:

JEFFREY KAYE: But Debora and Tommy Beard say they will not leave their foreclosed-on house so willingly. They vow to stay on principle.
Debora Beard is a teacher's assistant. Her husband, Tommy, is a cook. They've lived in their three-bedroom house in Watts in South Los Angeles for 23 years, first as renters. They bought the place in 2003. In 2007, they refinanced, borrowing against the house to make up for lost income, to make repairs, and to buy a new car. Their payments would go up; the loan broker told them not to worry.

DEBORA BEARD: At the time of the adjustable, we would be able to refinance for a lower mortgage payment and interest.

JEFFREY KAYE: Instead, their payments went from $1,450 to $3,200 a month.

And where did that leave you?

TOMMY BEARD: In a bind.

DEBORA BEARD: On the verge of being ********.

TOMMY BEARD: A real bind.

DEBORA BEARD: We can't -- we don't have $3,200 take-home pay.

TOMMY BEARD: A very, very crucial situation for us.

JEFFREY KAYE: By the end of 2008, they owed more on the house than it was worth, and eviction proceedings began. They've been living in the house without making any payments.

The Beards, saying they were taken advantage of, came to a meeting of the Los Angeles chapter of ACORN, the Association of Community Organizations for Reform Now.

DEBORA BEARD: We are trying to find a way to stay in our house. We've been there for 23 years. And I am willing to put up a fight to stay in there, because I don't want to live for free, but I do want a chance to regain ownership of my home. And if not ownership, I'd be willing to stay in it just as a renter.

JEFFREY KAYE: Activists promised to defend the Beards and others facing foreclosure.

MILLICENT HILL, ACORN: The reason that the civil rights movement was won is because of the solidarity of the people.

JEFFREY KAYE: ACORN is mounting what it calls a home defenders program in seven cities. Organizers pledge to incorporate civil disobedience in what they see as a new civil rights movement.

GROUP (singing): We shall not, we shall not be moved. We shall not, we shall not be moved.

MILLICENT HILL: We're all hard-working people. We're not drug-dealers; we're not trying to murderers; and we don't launder money. We just try to survive and take care of our families the best we can.

JEFFREY KAYE: So far, the Beards have not engaged in civil disobedience. They remain in their home while ACORN representatives negotiate with the bank on their behalf.

925girl · 03-29-2009, 08:28 PM

Folks the media and Government are in control. Newspapers such as my hometown rag the SF Chronicle are barely hanging on. Now, what is needed is a media infomercial that runs but how can we afford that? We need to get the msg. out and get others who do cannot afford their internet provider (hello Comast) anymore as they struggle to make basics. How about getting public records or.. putting out a mail campaign or a postcard sized info sheet letting folks know where to get updates then maybe a specific time to send in email en masse. How about a core group who then branch out to their communities via town hall type meetings. Look how Obama did it. He went grass roots and we can too. I'm not really into ringing doorbells but even if we had a standard script I would deliver a flyer in my neighborhood. Our fundamental needs to living are quickly changing and we are too high on Prozac or whatever to get going. Washington has been receiving money for years from Wall Street and they are getting bailouts before they lower the boom on profits to come while the banking gets "reorganized" into a one world currency and we are witness to a major change. I'm still unclear why banks get money w/no conditions. Sorry going off track but we need to mobilize. Do we get a petition followed by drastic action like a one day strike against the giants? It just feels like we have no power at all anymore in part of our lives and I'm not going down without a fight.

me2blue · 03-31-2009, 03:20 AM

Moe, I think we all who visit loansafe have had enough, what can we do when the people who can fix this are people who ripped us off? They control and manipulate the media, the homeowners are blamed for the mortgage crisis, US economy, World economy, unemployment and now the fall of the auto industry. America is divided, the dumb homeowners and the sick of it all and ready to move on homeowners. They are angry, they want us to lose our homes, they can't see the big picture, unless it's happening to them they don't understand how this could happen. Even those who lost their homes are done. What kind of revolution could possibly turn this around? It would take a in your face big mouth know it all, willing to get assassinated, maybe it's too late! I knew when there was no help, the government was in on it, I just knew it.
Have the Fat Pigs learned not to eat off the legs of the one who brings the slop? Apparently not. If someone smart organizes the plan, I'm in. Fighting 3 years now, Dumb homeowner Me2blue

Believe · 03-31-2009, 06:42 AM

Speaking of the fall of the auto industry - here's an interesting bit of information. When we were denied a mortgage loan modification by HSBC this last time, the reason stated was that we are over the limit on disposable income, because our car payment is not an allowable expense. HSBC will only allow us a car with a cash value of $2,000! So we would be considered for a modification if we sell our car or let it get repossessed. That hurts Detroit, because our car is financed with Chrysler Financial! These mortgage companies are the root cause of the automakers woes, too.

Kirby'sMom · 03-31-2009, 12:28 PM

As for the t-shirt....don't forget Citi Residential and Ameriquest before them!!

I don't know what it's going to take to wake up America. People that have their homes paid off, or not behind at all, think we're the problem since we're having trouble paying our ARM mortgages. We're the "dead beats", you know!!

AZ Meltdown · 03-31-2009, 01:47 PM

Quote:

Originally Posted by Kirby'sMom

I don't know what it's going to take to wake up America.

A depression, massive unemployment, a worthless dollar, rampant crime and the inability of the average lumpkin to afford a TV and the cable bill to watch football and American Idol.

Then they are going to get desperate and mad!

I think we are headed there.

And it won't be pretty.

Believe · 03-31-2009, 02:18 PM

Not only am I a "deadbeat" with an ARM I can't afford, I also smoke cigarettes. Can you only imagine how bad of a deadbeat they'd think I am if "they" all knew that? The cigarette tax is going up $1 per pack tomorrow. Now, they're telling me to shut off my phone, sell my car, cut out the cable, and don't go out to eat. Tomorrow they'll be telling me to quit smoking, too.

Irish Gal · 03-31-2009, 03:26 PM

[QUOTE=AZ Meltdown;76416]and the inability of the average lumpkin to afford a TV and the cable bill to watch football and American Idol./QUOTE]

Yes yes yes ! Hey, when the French get laid off, they hold their management hostage until they agree to negotiate fairly ! They (Europeans in general) take to the streets ! They get loud ! Here, many Americans blame any problems on those with the least power and resources. The non-distressed homeowners blame the distressed homeowners. So, what else is new ? That is part of the reason why we are in this mess and Wall St. / gov't continue to get away with all their never-ending crimes against average Americans. I hope America is waking up, getting and staying angry enough to force real change as a result of this mega-crisis. Sadly, I'm not hopeful. As you said AZ, folks care more about football and Amer Idol. We're seeing this Admin (that I voted for) is owned by Wall St. too. I am so disgusted by the level of fraud that is ocurring in this country and being enabled by our gov't, that I am thinking of going abroad for a few yrs. I don't want to pay taxes here anymore so our Treasury can just give it all to the Wall St. evil doers. I had hoped for real change with this Admin. Instead, he and his Treas are completely Wall St. loyalists. America is owned and run by a banking oligarchy system now. Just when you think things will get better, they get worse.

Irish Gal · 03-31-2009, 03:41 PM

Quote:

Originally Posted by Believe

Not only am I a "deadbeat" with an ARM I can't afford, I also smoke cigarettes. Can you only imagine how bad of a deadbeat they'd think I am if "they" all knew that? The cigarette tax is going up $1 per pack tomorrow. Now, they're telling me to shut off my phone, sell my car, cut out the cable, and don't go out to eat. Tomorrow they'll be telling me to quit smoking, too.

Believe,

You crack me up! I hope you're having some fun on the telly with your turkey lenders ! You could have some really funny conversations with them when they lecture you about "lifestyle' issues i.e. when they tell you to stop doing something, tell them (seriously) it's against your religion. Tell them you're working closely with your doctor to cut wwwaayyy down on smoking and doc says your'e doing great - you're down to 3 packs a day. Tell them all kinds of weird and wacky things when they have the audacity to say weird and wacky things to you ! Have fffuuunnn with all the morons

!