Good news is Home Sales are up. Bad News is 57% of sales were Bank Foreclosures. Remember, Bank Foreclosures generate huge imaginary fees in the one sided process. Once they have possession, the Bank will resell the property for more than half the 2006 loan value. The loss on taxpayer supported TARP.Then Bankesters collect another round of fees penalties and closing costs to the new owner. The old foreclosed owner could have easily paid the same amounts as the new mortgage if offered. The old owner is denied and must pay Bank fees, closing costs and penalties on his next property and worse begins a new unfair interest cycle and payment schedule of all interst. Win Win Win if your a friggin Bankster, Appraiser, Lawyer or Real Estate Sales. The loose money of everyone rides in 2006 mortgages and the stringent refusal of Banks to write down mortgages today are both imaginary laws of lending conceived in corrupt Banking. The net gains are guaranteed by the taxpayer Bush TARP that was packaged to help homeowners ....Ha
America needs a thirty year fixed job and a 5 year mortgage.
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