Originally Posted by MJ1970
OK. I didn't read that very carefully. Still a pretty massive jump just for property taxes.
Not really. It can happen. My local district once proposed a 23.5% increase in one year.
Originally Posted by marcUK
oh look, another anti-human, sociopathic viewpoint from the right-wing - what a suprise. Kick 'em when they're down boys.
Yes, it's not like I have an independent opinion. I must be part of some right wing conspiracy to kill people. Oh, and let's not forget the socipathic, anti-human part. How'd you guess? I mean, I totally deserve to be called a sociopath people-hater because I think she should have planned ahead. What was I thinking? You're right...she should just stay in her home and we should all give her our money because we just love people so much. Man, I sure do feel better now.
Originally Posted by KingOfSomewhereHot
...but THIS particular lady is not "down" because of bad luck, or circumstances beyond her control.
She is "down" because she bought something on credit that she could not afford to pay for. She's an adult (presumably). She should know enough to do a little due diligence before signing on the dotted line. She should have known what property taxes do (they go up), she should know what an ARM is and how it differs from a fixed rate.
Instead of going on a "hunger strike" and sitting on the curb, she could have used that same time to get a job a McD's and come up with the extra $600 pretty easily.
While there are those who need and deserve some help, this lady is NOT one of them.
Could not have said it better. She's in this position because she made bad, uninformed decisions.
Millions of people just like her bought houses because they thought they deserved it and that's "what people do." They didn't think about future/potential problems. Worse still,when problems did arise, they sat back like paralyzed children and hoped for things to change because Hope and Change were promised. This lady flat out pisses me off.
Originally Posted by sammi jo
But when the bastions and symbols of capitalism/corporatism FAIL, due to their inbuilt characteristics, ineptitude, greed and endemic criminal conduct, what happens? They crawl to THE GOVERNMENT
and get... or rather extort, $TRILLIONS in TAXPAYER MONEY
, no questions asked, no investigations, no inquiry. How that for the devolution of the republic into a jungle law mafiocracy, perfectly in keeping with the "principles" of Ayn Rand and the extremist right.
But when ordinary people come upon hard times due to no fault of their own, or rather the criminal and unpoliceable activities of the banksters et al, the hardliners are more than happy to stomp on them.
It is cowards who bully. And when the target is small, the "tougher" the cowards get.
Let me ask, does the government have any culpability? Why is it that the corporations are always at fault? Did not the Community Reinvestment Act and Congressional Democrats pushing lenders to make "loose" loans cause a good portion of the problem?
I'm not saying greed and corruption didn't play a big role. I think they did. But I also think the government helped create people like this idiot.
Originally Posted by sammi jo
Moist likely because the part of the top level of "government" responsible for such decisions is a corporatist
entity, answering to big business, big finance and their armies of lawyers and lobbyists.
That I can't disagree with.
Originally Posted by FloorJack
I'm sure we are not getting the full story here. Why does the "Maryland Department of Housing and Community Development" own the loan on her home?
Good question. I still am having trouble with that.
Also I assume that part of the payment goes into escrow to pay the property taxes? So did she not pay her taxes or not pay her mortgage? So who is making a claim on the house the paper holder or the government agency that is owed taxes? How did her taxes go up when property value has been going down.
Two misunderstandings here: Her mortgage is paid along with her taxes each month, the latter of which is held in escrow. So it's likely she just couldn't make the payments, period. That puts the mortgage in default, since they can't be separated. Secondly, most tax assessments are NOT based on market value, only assessment...at least in most states (I know PA is like this). The assessment has nothing to do with resale value or market value and rarely changes. Only the millage or percentage of tax changes. If a reassessment is done, millage is usually adjusted downward as well to reset the rate.