Are the American people all talk and no action? I’ve noticed how some people just talk and complain about what happening in America, but the same people talking don’t do anything about it.
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A Member Is Heard By Paaco
The credit market needs to be loosened up so that Americans can borrow, borrow & borrow. See we the taxpayers need to go into debt in order to help out the economy. It seems to me that much of this problem had to do with borrowing to much money and not being able to pay it back. Read the rest of this entry »
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On Oct. 9th, 2009, PHH Mortgage Company tried to foreclose on a home owner in White Plains, New York. This backfired however when PHH Mortgage failed to provide sufficient proof of ownership for the property in question in the Southern District federal bankruptcy court and Judge Robert D. Drain court ordered the $461,263 debt to be cleared! The homeowner now owns their house mortgage-free instead of loosing it.
