Foreclosures on the Increase in Louisiana

October 15, 2010

  • October 15, 2010 at 11:52 am
    John Garrison says:
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    Many people have lost their jobs and can not get one,the economy is bad so what do we do. If a person has paid more then half of their morgauge payments then the loan co has made enough money to give those people time to git back on their feet. But if you have paid your home off and for the same reason your tax are past due you louse it to the tax collector. No one should louse their only home for taxes. and If you stand buy and watch, you will be next

  • October 25, 2010 at 8:50 am
    Barbara Ann Jackson says:
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    It might help New Orleans’ property blight to look at foreclosure real estate conveyance to non-existent companies; bankruptcy “Lift Stay” motions that blatantly “lack standing,” names on “proof of claims” different from ‘lift stays’ “movants”; and illegal property deeds. People have not legally lost home ownership! Other cities should do the same.

    Lawyers have been colluding with federal, state, and bankruptcy judges to illegally, fraudulently confiscate commercial & residential real estate —seemingly under legitimate foreclosures. (Waste of time to discuss FREDDIE MAC since authorities know & abet it.) *thank you, Senator David Vitter!

    Also, people who chide defaulted homeowners as “deadbeats,” seem too narrow-minded to grasp that not everyone got ill-affordable mortgages; and seem to selectively regard facts: Some people defaulted due to marriage failure, overwhelming medical bills, jobs ‘outsourced’ to overseas caused unemployment. And should ‘deadbeats’ with student loans have known how long it would take to get jobs? Also, unless someone has been living on Mars, it’s impossible to not have heard about elderly people being tricked into “home repair” refinancing that plunged them in debt. Even something as recent as the Gulf Oil spill exemplifies how unexpected circumstances can affect people’s ability to pay their bills —why they worry about being forced into foreclosure and repossession.

    Foolish people who despise “deadbeats” seem to prefer communities rife with vacant properties, blight, and people living on streets or in TENTS —despite determining lawful holders of security notes could take years! They say ‘people ought to move out, while they ignore fraudulent court pleadings, and that banks may not even get the property AT ALL! Meanwhile, if people ‘move out’, vacancy and blight could last for years —but rats and vagrants will likely come & go.

    People who scorn deadbeats, don’t know everybody’s story. Also, incredibly, they assume everybody in mortgage default is unwilling to PAY rent. People spew anger about living ‘rent free’, also respond absurdly about Louisiana ‘White Collar foreclosure fraud’ —which includes possession of distressed properties via falsified court bankruptcy and state court pleadings.

    Default on mortgage payment causes foreclosure, but default does not cause / nor justify fraud! Scores of homes have been taken unlawfully because lawyers —not secured interest owners- used courts to commit frauds and get properties. Hurricane Katrina diaspora enhanced such property frauds, and insurance claims were pieces of cake! Ignorance is NOT harmless regarding foreclosure EXTORTION activities! For theirs, as well as their loved-ones sakes, it will do Louisianans WORLDS of good to become better informed!

    **Important FACTS about FORECLOSURE and MORTGAGE FRAUD
    http://www.lawgrace.org/2010/09/30/important-facts-about-foreclosure-and-mortgage-fraud/



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