Posts: 6314
From:
Registered: Apr 2009

posted May 04, 2011 11:46 PM            

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http://realestate.msn.com/blogs/listedblogpost.aspx?post=187972f1-f39d-43ef-b289-4376e9b6e71a>1=35010

is this the beginning of the backlash against the perps?

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Posts: 3367
From: Madeira Beach, FL USA
Registered: Apr 2009

posted May 05, 2011 12:14 AM            

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Well, if California wants to treat every other lender the very same way..private lenders too then I suppose they can get away with it. 14th Amendment don't you know.

However, expect every residential lender to shut down operations in California and make NO further residential real estate loans there in Loony-Tunes Land.

Now that should be a really big help for the economy of LeftistLand.

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Posts: 6314
From:
Registered: Apr 2009

posted May 05, 2011 12:22 PM            

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well it is the city of LA that is running this suit, so far just one bank named, however i heard this morning that a bunch of protesters were outside Wells Fargo (somewhere) kicking up a fuss about THEIR foreclosure "habits"..

whether this is the start of a trend or not i don't know. the idea, i believe is to make the bank take care of its foreclosed properties, or perhaps to think thrice before foreclosing so the onus falls on the "owners"?

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