Skip to comments.Calif. Gov. Signs Law to Circumvent Mortgage Settlement Fund Usage
Posted on 09/16/2018 9:24:19 AM PDT by RideForever
California Gov. Jerry Brown has signed into law a bill authored by the Democrat-controlled legislature that voids a court order mandating the repayment of $331 million to a special fundcreated to help victims of foreclosure abuse during the mortgage crisis. ...
(Excerpt) Read more at stopforeclosurefraud.com ...
Just making the law consistent with their actions.
Moonbeam steals funds meant to keep widows and children in their homes and off the streets. Guess Moonbeam and his cronies can buy a couple extra Tesla electric cars to save the planet.
There’s always high speed rail money.
Looters will loot.
These funds will NOT go directly to damaged homeowners but to organizations set up to ‘help’ these homeowners. See ACORN for model.
No no no. Jerry the fairy has to use that money to support the illegal aliens (not undocumented immigrants) they’ve given sanctuary to.
This is not exactly relevant to this article, but the old lady who used to live across the street from us got a reverse mortgage and then moved into a nursing home a couple months later and then died. Her drug dealing son moved into the house and kept collecting the reverse mortgage payments. He made a huge mess out of the house which became a hub of criminal activity. The city code enforcement people from the city started fining “the owner”, the little old lady who was dead. Her son had no legal responsibility for his dead mother and had no obligation to pay anything and was quite amused by this.
HUD who was officially the owner of the house was contacted about this abuse multiple times. But the reverse mortgage payments kept going to the son. Finally the house went on the market, but by that time the payments to the son added up to far more than the house was worth, so HUD refused to accept even what the realtor “sold” the house for, an amount that they signed off on to begin with.
So for years this eye sore and magnet for criminal activity has remained occupied only by criminals and homeless squatters who continue to do damage to it. I fully expect it to be eventually torn down. But this has been quite an eye opening experience as to the complete incompetence and ineffectiveness of both city and HUD officials. For all I know the son is still collecting the reverse mortgage payments. Despite never having a job he still drives around in a brand new sports car.
This is not exactly relevant to this article, but here is audio of a Bush speech, just a couple years prior to the epic housing collapse, of Bush demanding home-loans for millions of totally unqualified minorities.
Of course that was before Bush bailed out the banks with tens of hundreds of billions in American treasure!
Same with the poor souls who want to buy a home for the first time. They'll be paying 10x what Grandma is for a smaller, lesser home that's sitting right next door.
Of course the government knew eventually all the Grandma's would be dead and gone and those taking her place, basically the boomers and the following generation, would eventually buy her property and would be robbed and looted by outrageously sky high tax bills, every single month.
A big win win for big government. And all those wanting to buy a home following Grandma, get economically gang banged.
That is not the fault of Prop 13. This is the greedy looters in Sacramento robbing them again. If anything a similar proposition needs to pass again reducing those rates. California not only needs a balanced budget admendment but a restraint on what it can take in as well. What better way to starve RATS then to limit the loot they can get?
Not the fault, but it's certainly the result.
They got all those who had existing homes to pass the vote which I don't blame them...But all others got perpetually screwed. And government knew all along, eventually all the grandmas would be gone, and eventually everyone would be looted by big property tax.
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