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Originally posted by Common Sense says...
I am standing in my living room "clapping my hands" right now for this man. Simply outstanding and very patriotic. I can see it now. Bulldozer rentals going thru the roof over the next few months. Haaaah!
Originally posted by DOADOA
Originally posted by OZtracized
Wouldn't the bank sell his $350 000 home (for less of course for a quick sale), take the $160 000 he owes, plus the usual fees and charges then give him the rest? He would have been left with say $150 000 but a bulldozed house is only worth the land it once stood on which probably about equals the bank's share.
Seems like a silly move.
*laugh* *laugh* in a perfect world yes.
Originally posted by Common Sense says...
I am standing in my living room "clapping my hands" right now for this man. Simply outstanding and very patriotic. I can see it now. Bulldozer rentals going thru the roof over the next few months. Haaaah!
Originally posted by hotpinkurinalmint
I am no fan of the banks, but many of the people that are facing foreclosure do not deserve sympathy. These people bought houses they should have known they could not afford while prudent people like myself sat on the sidelines and rented.
Originally posted by yadda333
That is actually correct. By law, if the forclosed is auctioned off for more than what was owed, the owner is entitled to that money.
Originally posted by Emerald The Paradigm
Funny thing is this:
The banks DON'T CARE if the guy bulldozes his house because the banks DON'T need the money.
The banks PRINT Money, so they have an Unlimited amount.
The only thing "important" about this news is the fact that people are REFUSING to be SLAVES!
It's not about the house, it's about the actions of refusal to live as a slave, and telling the banks to screw itself.