If Banks Don't Start Working With Foreclosed Homeowners Their Profits Are Going To Plunge

President Barack Obama

The U.S. banking sector has seen terrible declines over the past few years, due to the mortgage crisis and overall financial decline of the country, under presidents George W. Bush, then Barack Obama. The government, at the taxpayers expense, has given major U.S. banks billions of dollars from the Treasury, to keep them afloat. However, despite these funds coming courtesy of the taxpayers, a number of banks are still making it as difficult as possible for homeowners to obtain mortgage modifications to remain in their properties.

Standard tricks being used on homeowners run the gamut. They range from pretending they did not receive documents that were faxed or mailed to the bank(s), despite established couriers such as the U.S. Postal Service, Fedex and UPS, providing mailing confirmation, to not notifying property owners of the options available to save their homes.

If banks keep playing with homeowners, opting for the quick buck in trying to rush people out of their homes to auction off properties in a market so overcrowded and poor nothing is selling, they will see massive revenue declines again. Kicking distressed homeowners to the curb is not the way to financial profitability, but long term losses (as in loss of mortgage interest payments over time had they straightened out said loans).

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Justin Bieber And Selena Gomez To Live In Sin In New Hollywood Mansion Overlooking Lake

Currently Occupied By Ashton Kutcher

Selena Gomez and Justin Bieber

As Justin Bieber turned 18 this month, which under the law finally makes him an adult, his 19-year-old girlfriend, Selena Gomez, is no longer breaking the law in having sex with him. She also no longer has to read tweets on Twitter and posts on other sites from his fans dubbed "Beliebers" calling her a pedophile, as their relationship began when he was 16-years of age and Gomez is soon to turn 20.

Selena Gomez and Justin Bieber

According to reports, the two are about to buy a Hollywood mansion, where they will live in sin together, despite the fact Bieber says he is a Christian. The home is currently being rented by Bieber's Kabbalah pal and co-worker, Ashton Kutcher, who has been leasing it for $50,000 per month. Kutcher, 33, has abandoned his marriage to 49-year-old cougar, Demi Moore, who is devastated at the thought and sight of him parading all over the world with numerous women.

STORY SOURCE

Justin Bieber has splashed out $10.8 million on a mansion in the Hollywood Hills which he plans to share with girlfriend Selena Gomez

8 March 2012 - Justin Bieber has splashed out on a $10.8 million mansion in the Hollywood Hills. The 'Baby' hitmaker - who turned 18 last Thursday (01.03.12) - has treated himself to the lavish five bedroom, 9,400 sq ft home overlooking Lake Hollywood, which he wants to share with his girlfriend Selena Gomez. However, the young couple can't move into the property just yet as Ashton Kutcher has been renting the palatial pad for $50,000 a month since his split from wife Demi Moore last year.

http://home.nzcity.co.nz

Law Firm That Threw Degrading Party To Mock Foreclosure Victims Closes

One of the biggest foreclosure mill law firms in New York, Steven J. Baum P.C, is going out of business, after showing its true colors in a distasteful "Homeless Halloween" party, mocking homeowners they put out of their properties. Pictures were released show members of the firm making fun of Americans that lost their homes to foreclosure, branding them "homeless" in a derisive manner.

Is there any wonder there are so many foreclosures in the nation. Between fraudulent robo-signings at the banks and the nonchalant, negligent, reckless attitude of some, not all law firms who rush these cases to judges, the mystery of why so many people are losing their homes should be solved. If the banks don't burn consumers, the law firms they hire will.

STORY SOURCE

'Homeless Halloween' Law Firm Is Going Out of Business

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Most Homeowners Are Not Using Modification Programs And It Is For A Reason