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hannahsarah January 13 2011, 10:31:29 UTC
It's hard for me not to be a little bit bitter about losing my home 4 years ago. Where's my bailout? Where's my second chance?

I know, it wasn't meant to be, and I'm where G-d wants me to be now. Still, I'm only human, and these thoughts do cross my mind...

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polaris93 January 13 2011, 20:40:56 UTC
I don't blame you for being angry -- I'd be white-hot with rage over it and hurling Magickal H-bombs at the bastards myself. I commend you for your civilized self-restraint.

It's a shame they didn't do this back when this all got started, though at least this happened now. It may well boost the economy, but in the meantime, lots of individuals are hurting.

I think there are some class action suits starting up against banks which wrongfully foreclosed ( even, in some cases, on properties they hadn't financed, owned by people who had no accounts at all with them!). You might want to see if there's one you can join.

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hannahsarah January 13 2011, 22:11:21 UTC
What keeps me from being really angry, is that I knew what I was doing when I got into it. I knew that I was getting a high risk mortgage. Zero down, stated income, self employed with no tax forms! My grandmother loaned me the money for the closing costs ( ... )

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polaris93 January 13 2011, 22:41:54 UTC
Okay, that makes sense. And it finally came out that ACORN and others on the Left lobbied Congress to pressure banks to award high-risk loans and mortgages to countless people who should never have been granted such loans and mortgages, hoping for exactly what happened in 2008 (the tanking of the economy). People who do get high-risk loans/mortgages should hoard their resources until they aren't so high-risk, but things happen, and sometimes you can't help spending money for, say, needed medical procedures, your children, and so on. The question is where to draw the line in terms of culpability: on which loans/motrgages are banks the most culpable, and on which are those who took out the loans and mortgages most culpable. That's what the courts are going to be sorting out for some time, but in the case of foreclosures on properties on which mortgages have been paid in full, or any payments so far have been paid on time, or the banks who are foreclosing have no accounts with the owners of those properties and never have had, it's ( ... )

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hannahsarah January 14 2011, 00:11:14 UTC
I know what you mean. In my case it was clearly my fault, but for my friend Amy it's the bank's. She's been suing Countrywide for over 5 years now, and the scummy tricks they've tried to pull on her are beyond criminal.

I just don't have a lot of patience for people who are whining "But I didn't see the fine priiiiiiiiiiint!"

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polaris93 January 14 2011, 00:13:16 UTC
Well, it seems at least half of those people were or are those working in the loan and mortgage divisions of various banks.

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