B of A Parallel Foreclosure CONFESSION

Tuesday, July 17, 2012

Barack Obama wants to steal 100,000 San Bernardino homes.

(Update, June 15, 2013, 6pm, as bad as Barack Obama has been when it comes to the entire mortgage unfair foreclosure issue, he has probably done significantly better than anything the republicans would have done. In my opinion neither would have come close to what Hillary Clinton would have accomplished is she had been the democrat nominee in 2008 and then president.)

Sad but true, Barack Obama's core backer, George Soros, has a plan to steal 100,000 homes in the San Bernardino county. 

I've been stating for a while that Barack Obama looks like a banker, acts like a banker, and talks like a banker. Barack Obama is a banker, and that is probably a bad thing if you are on main street and own anything of value.

It's now been 18 months that I wrote a plan for fixing the economy on my wall street change blog. There is 3 trillion dollars in consumer debt that is being charged too high of an interest rate. There is NOT ONE true incentive program for paying down that consumer debt, and Obama won't budge by offering one either.

Instead, Obama's solution is to use eminent domain to steal 100,000 homes in danger of foreclosure, than have the likes of Soros come in and make a handsome profit taking them over for pennies on the dollar.  

And lets not forget, those who are foreclosed upon may have debt collectors on their backs for the next decade or two.

You are viewing Parallel Foreclosure blog. Please check out UNfair Foreclosures blog and Swarm The Banks blog as well.

Monday, July 2, 2012

Dual Tracking and Double Tracking IS Parallel Foreclosure.

Parallel Foreclosure is the correct term for Dual Tracking and Double Tracking. It's a shame that Kamala Harris chose to use the phrase Dual Tracking in her legislation because googling that phrase reveals all kinds of activities that are in no way related to home foreclosures.

Amazingly enough, Parallel Foreclosure actually sounds like what it is, the act of a bank foreclosing on a home even as a homeowner and a bank are negotiating new terms on a home mortgage. Parallel Foreclosure would be much easier for americans to remember than dual tracking, especially when struggling home owners are doing google searches to learn more about the evils of Parallel Foreclosure.

You are viewing Parallel Foreclosure blog. Please check out UNfair Foreclosures blog and Swarm The Banks blog as well.

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