tag:blogger.com,1999:blog-21829866.post3039257186564216736..comments2023-08-20T07:06:14.115-04:00Comments on Thurber's Thoughts: Caveat emptor vs. victimizationMaggiehttp://www.blogger.com/profile/12677808307727487766noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-21829866.post-33840874669336192892009-12-15T00:07:10.539-05:002009-12-15T00:07:10.539-05:00How can we expect anything different when society ...How can we expect anything different when society and government take great pains to show how everyone in society is a victim. <br /><br />Real Estate agents, lenders, insurance companies, and even no doubt Social Security (who could have raised her disability payments) all conspired to create this situation obviously.<br /><br />Our government likes to have such victims to point to. Not only are they prime examples for the herd to follow, but they make it all the easier for "Big Brother" to control them.Timothy W Higginshttps://www.blogger.com/profile/17118861693269565715noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-22292992172289920192009-12-14T09:27:01.014-05:002009-12-14T09:27:01.014-05:00Sadly, these excuses happen all the time in the in...Sadly, these excuses happen all the time in the industry. There is a sense of entitlement that pervades our society. Somewhere along the line, people have come to believe that they are entitled to their house (or housing in general). They believe with every ounce of their being that if they cannot afford it, well then, someone should just give it to them. That lenders should be responsible for giving them the best loan possible, and governments should bail them out when they can't make their payments. These people don't want to work, let alone do any research when purchasing their home. They would prefer to use ignorance as an excuse.<br /><br />And this happens all the time. Ms. Price is not a unique case.Stephanie Loréehttps://www.blogger.com/profile/03512485557711771802noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-32791117735447624382009-12-12T18:39:17.863-05:002009-12-12T18:39:17.863-05:00All the great questions & comments notwithstan...All the great questions & comments notwithstanding, she just might win this one.<br /><br />And then watch the housing loan market turn to dust and just blow away. . .Hooda Thunkit (Dave Zawodny)https://www.blogger.com/profile/13176392380086227377noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-629829968758170762009-12-12T13:33:39.549-05:002009-12-12T13:33:39.549-05:00thank you, James.thank you, James.Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-38301942807114882992009-12-12T12:17:56.890-05:002009-12-12T12:17:56.890-05:00Maggie, you will never get to work for the daily p...Maggie, you will never get to work for the daily paper (not that you would want to in the first place). You ask too many questions that all of us who read the story would want to ask. You'd leave out all the race card and feel-good liberalism that is so endemic through their stories. Excellent post on this story.Jameshttps://www.blogger.com/profile/05297697171485233059noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-47884398858789393942009-12-12T11:46:15.521-05:002009-12-12T11:46:15.521-05:00From The Blade: Ms. Price claims in her lawsuit th...From The Blade: <i>Ms. Price claims in her lawsuit that she was targeted as an African-American and that her home was targeted because it is in a predominantly African-American census tract.</i><br /><br />How are they going to label this one? Anti-redlining? This complaint goes over the top. It was complaints about racial discrimination that helped to start this entire mortgage crisis.<br /><br />The woman paid $55,000 for an item valued at $15,000. Her mortgage is $88,000. My question is this: Where did the money go?<br /><br />It occurs to me she might have made a deal with the seller. Price could have made an easy $10,000 under the table, plus any additional cash for a second mortgage. At the end of the day she's supposed to file bankruptcy, but now the political climate is such that Price may get herself a free house. Hence the lawsuit.<br /><br />Price is also running a ministry out of her home, so I'm wondering what that does for her as far as taxes go. If the building is exempt from property tax that's another few grand in the till.Mad Jackhttps://www.blogger.com/profile/06190137186843630543noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-64450236991993346832009-12-12T11:37:32.298-05:002009-12-12T11:37:32.298-05:00NavyVet left this comment on one of my other posts...NavyVet left this comment on one of my other posts, but I'm sure it belongs here:<br /><br /><i>Thanks Maggie,<br /><br />You took the words right out of my keyboard...and then some.<br /><br />No legitimate lender would loan $$$ at 100% of market value...let alone at some amount above it.<br /><br />What info was in the offer to purchase?<br /><br />How much was the down payment?<br /><br />Were "net worth, gross income" detailed in the loan application?<br /><br />Whe represented the buyer at closing?<br /><br />Inquiring minds.... </i>Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.com