Showing posts with label parallel foreclosure. Show all posts
Showing posts with label parallel foreclosure. Show all posts

Wednesday, December 29, 2010

In Barack Obama's home town of Chicago, Local Banks work with families to Redo predatory loans.



This local Chicago area bank's mission may also help explain why Barack Obama doesn't seem too pre-occupied with helping the rest of the country with their foreclosure problems. You see, the people Barack Obama grew up with in Illinois, the people who he collaborated with while a community activist, the people who supported and launched his political career, had a financial base to work from.
And that financial base was called Shore Bank. So when you hear Barack Obama say, "You would have defaulted anyways even if you had gotten your HAMP mod", remember, Barack Obama would NEVER say that to the communities he served while a Chicago area community activist.
Meanwhile, Banks belonging to ING Direct say NO to HAMP and redoing predatory loans, that's what you and I and the rest of the country get.

I can't prove a connection exists, I don't know if a connection exists, but I wonder if Barack Obama's 2009 Nobel Peace Prize came with any quid pro quo attached to it involving companies like ING group. Sort of like, here's your nobel peace prize, you go ahead and offer HAMP in your country, but understand that our banking region will not support HAMP in any way and reject any attempt by americans to try and get a HAMP modification loan from securitization funds that came from ING direct investors.

Barack Obama's adult life was spent in Chicago, a region that provided financial assistance for homeowners that other parts of america can only dream of.

ING GROUP and the Nobel Peace Prize are not necessarily connected in any way that I know of other than they reside in the same relative geographical area. Was the Nobel Peace Prize a way to "soften up" Barack Obama so that he just looks the other way over all the HAMP abuse such as parallel foreclosure that americans are being put through because after the fact investors such as ING Group don't want to see their profit margin cut?

Saturday, November 27, 2010

From Propublica dot org, "Primer: What is a Wrongful Foreclosure?



My only criticism is the writer did not use the phrase, Parallel Foreclosure when describing how the HAMP program has accelerated foreclosures for hundreds of thousands of homeowners.



Thursday, October 28, 2010

Foreclosures: Homeowners who get loan modifications still losing to (parallel) foreclosure - South Florida Sun-Sentinel.com


Sigh, I have actually had to resort to inserting the word "parallel"(in parenthesis) in front of foreclosure in the above title link because I just don't know how to get the word out, or phrase out, about the destructive power of parallel foreclosure and how I believe it could and should lead to Barack Obama's impeachment.

A president just can't use taxpayer money to create a taxpayer funded program supposedly for that same taxpayer, such as HAMP, but then expose that taxpayer to the actual risk of LOSING THEIR HOME just so they can take advantage of this federal program.

And even if one were to say, "oh, parallel foreclosure was a mistake and Barack Obama fixed it", the answer would be, "No, Barack Obama has not fixed the mistake and he has had 18 months to find the parallel foreclosure "mistake" and fix it".

"Parallel Foreclosure exists" and there may be anywhere from 250,000 to a million victims of this process, and that surely has caused enough devastation to warrant an impeachment.