Good going for the Sheriff, kinda makes me think of the Sheriff's from the the ol Western Films, always looking out for the townsfolk.

This kind of action needs to be repeated through America and spread like wild fire, give us back the America we once looked on as the leader in all things good and adventurous, and not now as it seems the warmonger of the world.

America, it seems you still have a flicker of decency, nurture it and protect it and let it grow.

Wolfie

My concern is that if nobody is going to get evicted, will people who are able to make their mortgage payments now stop? I would like to think the majority of people will do the right thing....but if this gets more people to stop paying there mortgage because there is no repercussions, could that make the current situation worse?

Way to go, Tom Dart.

It's interesting--I think we are beginning to see the beginnings of a secessionist, rather than a strictly revolutionary--environment.

Wow! An act of mercy in desperate times. That man is a hero.

There are literally millions of American families who want to pay their bills and keep their homes. They just need a break from the rising costs of literally everything.

If we can have a bailout for greedy bankers, then I say why not cut citizens a break too?

God Bless this man.

Originally posted by TonyClifton
My concern is that if nobody is going to get evicted, will people who are able to make their mortgage payments now stop? I would like to think the majority of people will do the right thing....but if this gets more people to stop paying there mortgage because there is no repercussions, could that make the current situation worse?

I was thinking the same thing. I think most people with a prime mortgage do not want to loose their home, but there are increasing amounts of us who have job lay offs and can not afford the payments. I think the banks needs to come up with a way in a crisis like this to forgive for some months needed and add those payments to the end of the loan in the case of prime mortgage.

I do not have an answer in the case of subprime. Not everyone that owns a house bought in 2006 when prices were high, but a lot of them have taken equity loans on the new value of the home. I personally know people that have taken loans, bought a home in another state , and now walking away, free an clear owning the other home. It just makes matters worse, but the banks knew what they were doing, and knew the bubble could not last when they made these loans. I wish I had the answers.

Ama

Originally posted by TonyClifton
My concern is that if nobody is going to get evicted, will people who are able to make their mortgage payments now stop?

Not until its a choice between feeding little Johnny and Susie and paying the mortgage.

The problem is, with the Fed attacking the value of the dollar, that may not be too far off now.

Better off than renters like me. Sheriff or no, if I don't pay my rent I'm in the street, and let me tell you it's been cutting it close lately.

God forbid the landlord gets foreclosed on or something like that.

[edit on 10/8/08 by The Axeman]

Originally posted by amatrine

I was thinking the same thing. I think most people with a prime mortgage do not want to loose their home, but there are increasing amounts of us who have job lay offs and can not afford the payments. I think the banks needs to come up with a way in a crisis like this to forgive for some months needed and add those payments to the end of the loan in the case of prime mortgage.

This is a really good idea.

The goal of the bank is not complex - MAXIMIZE PROFIT.

They don't want to finagle around with the 'occupants' because it costs money to do so.

They would rather the property lay fallow and unused and the structure on it fell to the ground. Isn't that interesting?

that is funny. You are probably defending some stupid people who spent all of their equities to buy big LCD TV, luxury cars etc... If every county in the US would do the same it would push the prices of houses even higher. Why bail out some stupid morons? They bought a house they could not afford as simple as that. So what about who pays rent? Would not be more fair to let them stay for free inside the house? Ridiculous this Sherif needs to go.

I sent an email too!

I also don't care if the people in question did or did not manage their finances correctly. The Banks don't have to. Is there a difference, or are the banks now the new american royalty?

Great news, at last people are starting to care about others, and do something about it. You do not need to be a sheriff, you do not need a badge or uniform, you just need to be there for your neighbours and your community.

I for one will be out there, trying to prevent people from losing their homes, hopefully, people will realise that, allowing the banks to take their property, is not the way to go, IMO, this is what the banks want. They want people to think that if they do this, it will worsen the situation, which in all fairness it will. Point is, it's going to get worse anyway, IMO, and the banks are trying to get as many properties (tangible wealth) they can lay their hands on, before it all falls through.

They don't care if your broke, or if they make you homeless, or if your family can't eat, they just want the building/land.

If you see your neighbours getting evicted, I would suggest that you step in and tell the evictors where to go, the more, the merrier, get as many people as you can. Let them know that they aren't dealing with powerless families in small numbers, they are dealing with communities, let them know they will have to fight to get your home. Also, the more people, less chance you are going to get arrested, lol. 5-10, your getting thrown in the back of the van, but 30-40?!? lol, I doubt it.

If I didn't know better, I may even sugget it would get on the news, lol, in a good light anyway.

EMM

I think what would make better sense than the banks evicting the borrowers is to proceed with the default, but allow (borrowers) the option of paying rent equal to the amount of the first mortgage payment. And having them sign an agreement for however months or years for occupancy and the BANKS get the choice to sell the house, and when the house is sold the defaulters agree to move out in 30 days or what ever.

What a brave man, this thread really makes me smile.

finally people are waking up and realizing that our governments are busy with grand theft schemes at the moment.

I wish and hope more people on the side of the government will finally choose the side of the people instead of the side of government/wealthy and all the corruption it brings

S&F

GM

This is huge. This represents the first time we have an elected official standing up against the procedures which have no safety net built in to preserve homeownership for families who are facing this economic crisis along with the big boys. We already bailed out the banks and left the homeowners hanging. This act, and more like this if they would follow, would have the affect of letting everyone step back from the problem and come up with a solution for most homeowners in this situation. A plan for repaying the debt could be established. We all need to take a time out and think big picture. This take care of our buddies from the club approach is getting us nowhere.

We have done far more for the banks and traders at the other end of the system.

I would imagine other Constables and Sheriff will follow suit and have everyone take a deep breath before we keep going down this destructive path of evicting families from homes that are going to sit vacant in this economic mess. Thank you to this Sheriff for hitting "pause"

Peace

This is far fetched, but what IF the mortgage companies forgave 50% of the mortgage owed by the borrower, and did a complete reset of the mortgage industry, would that boost the economy?

Not drunk yet but close....