We have place an addition onto our house owing to a personal loan from a family member and want to refinance in order to pay the loan off. I am interested in doing a no doc, or stated, type of loan.
Rep: Foreclosed owners should squat in their own homes David Edwards and Stephen C. Webster Published: Friday January 30, 2009 If you’re poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plot for you. Just squat, she says. Yes, this Ohio Democrat is really encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay place. In a Friday report, CNN’s Drew Griffin explored the case of Ohioan Andrea Geiss, whose home was foreclosed upon in April. “Behind in payments, out of work, a husband sick, she had nowhere to go,” said Griffin. “So, she chose to follow the advice of her Congresswoman and go nowhere.” In Lucas County, Ohio, over 4000 properties were foreclosed upon in 2008, reports CNN. “So I say to the American people, you be squatters in your own homes,” said Congresswoman Kaptur before the House of Representatives. “Don’t you leave.” She’s called on all of her foreclosed-upon constituents to stay in their homes and refuse to leave without “an attorney and a fight,” said CNN. “If they’ve had no legal representation of a high quality, I tell them stay in their homes,” Kaptur told Griffin. Kaptur is a high-profile advocate of an increasingly standard mode of fighting foreclosures best known for it’s key phrase: “Produce the note.” By telling a bank to “produce the note,” a homeowner can delay foreclosure by forcing the lender to prove the suing institution is really the same which owns the debt …
This week Max Keiser and co-host Stacy Herbert look at the scandals of “hashtag” propaganda; the revolution of free towels from the Best Party; and trillion dollar wars and security tabs beyond rational explanation. In the second half of the show, Max interviews Edward Harrison of CreditWritedowns.com about China-US as the most worrisome global hotspot, social fury in Europe and around the planet, and whether or not there is a gold bubble.
Greg Hunter on the housing crisis 6/29/08
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