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drm604

(16,230 posts)

23. That could actually be a problem for this.

Sat Jul 21, 2012, 10:43 PM

Jul 2012

If ownership of a mortgage can't be proven, then who do the local governments pay fair value to in order to seize the loans?

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Matt Taibbi: From an Unlikely Source, a Serious Challenge to Wall Street [View all] marmar Jul 2012 OP

K&R LiberalEsto Jul 2012 #1

nice! nashville_brook Jul 2012 #2

They were talking about doing this here last week. Major Hogwash Jul 2012 #3

Ha Ha HA! Taibbi making shit up again. His "serious challenge" does not have banned from Kos Jul 2012 #4

Yes, it does. It's called 'taking action' on behalf of the PEOPLE this time, rather than the sabrina 1 Jul 2012 #9

Although banks have already let it be known that truedelphi Jul 2012 #11

Yes, but as the article points out, if this works the Banks will be back sabrina 1 Jul 2012 #20

Well thought out response. truedelphi Jul 2012 #37

GREAT!! Then depositers will use LOCAL CREDIT UNIONS 99th_Monkey Jul 2012 #24

How about we run them out of the country. Zalatix Jul 2012 #33

Zalatix, I have no problem with that notion. truedelphi Jul 2012 #38

Interesting, my girl-friend is having a similar problem, getting an attorney to represent her sabrina 1 Jul 2012 #42

"Debt makes all participants clinically insane". jtuck004 Jul 2012 #43

Very interesting comments to ponder. truedelphi Jul 2012 #63

Our dad's dads paid the car company, the builder (who got a loan, but his money was on the line), jtuck004 Jul 2012 #66

Students can pay their extortionate loans by mail or online. aquart Jul 2012 #47

What you say is very true, but I think what the truedelphi Jul 2012 #67

No, "taking action" is not a defendant! banned from Kos Jul 2012 #13

Lol, you were expected. sabrina 1 Jul 2012 #22

+1 million! Zalatix Jul 2012 #34

You're even less coherent than usual. n/t girl gone mad Jul 2012 #28

Wait, you're defending Corzine and Blankfein? truebrit71 Jul 2012 #61

Assuming, rhetorically, that you are correct... Hissyspit Jul 2012 #15

I support Obama and Taibbi is lying about him banned from Kos Jul 2012 #18

I look to your posts for amusement. Too funny. DCKit Jul 2012 #29

What was the lie, Sherlock? nt Bonobo Jul 2012 #32

I guess you view the criminal rat bastard Geithner truedelphi Jul 2012 #39

Yah. Geithner not being hanged is a constant sorrow to me. aquart Jul 2012 #48

Can you please tell me what is the lie? idwiyo Jul 2012 #50

you never did say what the lies was, despite many requests librechik Jul 2012 #57

You really are just a one-trick pony aren't you...? truebrit71 Jul 2012 #60

Dios mio. marmar Jul 2012 #40

I'd like to point out that an under-appreciated genius made a similar suggestion 2 1/2 years ago: Orrex Jul 2012 #5

Wow, that was brilliant, Orrex. You were ahead of the game. And it was a very good question at the sabrina 1 Jul 2012 #8

You are a person ahead of your time, orrex. Good job! truth2power Jul 2012 #10

+1 to Orrex! Poll_Blind Jul 2012 #19

But the post didn't address the point made by TexasObserver. Is TexasObserver right? AnotherMcIntosh Jul 2012 #25

The fair market value of a foreclosed home is often a tiny fraction of its full sale value Orrex Jul 2012 #27

But that is not what happens in eminent domain. Properties are not auctioned. There is caselaw on stevenleser Jul 2012 #53

Okay, then require banks to maintain vacant properties in livable condition Orrex Jul 2012 #56

You cannot single out someone in a law like that, it would have to apply to all property owners. stevenleser Jul 2012 #58

You'd only be applying it to people who vacate properties and don't maintain them. Orrex Jul 2012 #59

I proposed a Federal govt bailout offer of all stevenleser Jul 2012 #62

Now that's a proposal that I can get behind Orrex Jul 2012 #65

Damn. You called it. Well said! Zalatix Jul 2012 #35

Can not the city claim them as abandoned property kemah Jul 2012 #6

How would the current homeowner be protected EmeraldCityGrl Jul 2012 #12

Then they might have to tear them down. Spitfire of ATJ Jul 2012 #14

If it proves effective, prepare for a major push to make it illegal. Marr Jul 2012 #7

Fight back and force them to prove ownership klook Jul 2012 #16

You are correct, using MERS, the Banks removed any records of ownership from municipal record sabrina 1 Jul 2012 #21

That could actually be a problem for this. drm604 Jul 2012 #23

They could take the banks to court and do what many home-owners are doing now, demand to see sabrina 1 Jul 2012 #30

See Harpers magazine, Jan. 2012 klook Jul 2012 #36

This message was self-deleted by its author EmeraldCityGrl Jul 2012 #17

Kick, sweet kick. Fire Walk With Me Jul 2012 #26

Go Matt!!! 99th_Monkey Jul 2012 #31

I missed this yesterday. Ruby the Liberal Jul 2012 #41

Still trying ProSense Jul 2012 #44

Bravo, Mr. Taibbi, Bravo! EvolveOrConvolve Jul 2012 #45

White House Skeptical of Plan NJCher Jul 2012 #46

It looks like it's Geithner who, no surprise, has a problem with the plan. sabrina 1 Jul 2012 #55

It might be worth our while to try and change Mr Obama's mind truedelphi Jul 2012 #64

K & R !!! WillyT Jul 2012 #49

K&R idwiyo Jul 2012 #51

du rec. nt xchrom Jul 2012 #52

Awesome! The people taking matters into their own hands. Zorra Jul 2012 #54