Replies

“We need similar laws passed in every state.”

Only in a Marxist dreamland. The foreclosure process is needed so a lender can attempt to recoup a bad loan.

Otherwise the lender has an unsecured loan. Lenders don’t want to make $300,000 unsecured loans. The real estate as collateral allows those loans to made in the first place.

Take the loan collateral away by making foreclosure impossible; and lenders won’t lend.

How about this concept? People pay their loans.

Only in a Marxist dreamland. The foreclosure process is needed so a lender can attempt to recoup a bad loan.
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We’ve been over this before , the FALSE , FAKE , FRAUDULENT documents are because it ISN’T the actual lender that is foreclosing. If they were an actual party to the transaction they wouldn’t be BREAKING THE LAW with their WHITE COLLAR CRIMES. If they weren’t breaking the law the changes to the law wouldn’t have affected their foreclosure processing AT ALL.

“Take the loan collateral away by making foreclosure impossible; and lenders won’t lend.”

It is amazing how people can’t grasp this simple principle.

If you think the real estate market is bad now? Force lenders to require 50% or more downpayment - which is what would happen (if you could get a loan at all) by making it difficult for them to foreclose.

You’ll turn a good chunk of Southern California into Detroit in less than a decade. Property tax receipts would plummet, public services would evaporate, and that would be the end of it. Sure, you stopped foreclosures, but you killed everything that depends on property rights being honored, which is pretty much everything!

You either don't know what God law teaches on this, or you disagree with God.
1. Charging interest on money is usury and is considered theft, biblically. A little bit of study about fractional reserve banking might help you. Try this.
2. In Bible law, under no circumstances whatsoever could you take a man's home from him. Consider what happened to Ahab and Jezebel for trying that.(God condemmed him to die and dogs to lick his blood on the land he took)
3. Even if you don't count usury, the banks are in violation of a host of laws already. They have been found guilty in court of violating some of them. They get a fine which amounts to a slap on the wrist. Two years later they are making record profits again, while the poor widow they stole the house from is destitute. Their executive get million dollar bonuses, and the congressmen that let them off live well and get eternal salaries. There are many place where God shows specific anger at leaders who exploit their people in these ways.
4. The laws proposed don't stop foreclosures at all. It is only a tiny half baked measure to encourage the banks to act more legally. Why on God's green earth you would call that Marxist is way beyond me.

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild 1790 though original sourcing is questionable

"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Woodrow Wilson The New Freedom 1913

So we speak above a whisper about laws to stifle this conspiracy that a president warned about over a hundred years ago, and you want to call it Marxist to resist. OMG!