12/16/09

Big Banks Promise More Lending - Financial Reform - Who Cares Your Still Losing your Real Estate and Short Sales are Legal, Taxes are Up.

Folks all the Lobby the National Association of Realtors, All the Political Foul Play - the bailouts - the paying of the bailout money back, the printing of Money and all these games are nothing to do with the Real Tax Paying Citizens. You Pay for their games and get nothing in return.

Pushing for Lenders to Lend is NOT the answer in anyway...

Financial Reform, Banking Reform, Real Estate Reform is right here right now
as it kicks your butts. The only thing that should be happening is a 30 to 60 percent reduction in your home loans. They get the Bailout and you owe more then your home is worth.

An Investor can buy your home as a Short Sale for 30% to 60% Less then what you owe on your home loan. This is immoral, unEthical and a Serious Blatant attack on the Real Estate Consumers.

Now while the 'Realtors' - the Subprime Lenders - the Banks were making Billions upon Billions by letting the market falsely rise - Now you Get to lose your home because the value they legally allowed is not really there.

Read books like Confessions of a Sub-Prime Lender, and Confessions of a Mortgage Broker and you see that they let values come in higher then the property and the Money was so good that they deliberately let it keep happening, the bubble bursting was never an IF and was always a WHEN... so they planned for it...

Yet you think they went under, and then they got a bailout, but those at the top are Multi-Billionaires as is NAR, though the NAR President Said Buy - BUY - Buy at a time when everything was falling apart and the Real Estate Consumer did. Now the Chief Economist at the National Association of Realtors is still lying to consumers and there is absolutely no accountability.

Add this to the MLS Data that is NEVER policed for quality control, the SOLD data may not even be real and there is no watchful eye over any of this... the markets are manipulated to make the Realtors and the Lenders Money, and when it all topples the Lenders are Protected and NAR gets to Lobbying to Fix the problem as the Hero and not as the Reason it Happened in the First Place.

They are Getting Billions in Christmas Bonuses, many of you are losing your home and YOUR State - Local governments are Raising your Property Taxes. the Real Estate Consumer has no Chance, no Real Protection and no One really able to look out for them. The money is just to good for the bad guys.

So as you watch the yammering of Banks Lending More and Financial Reform, know that the base of all this collapse is the Real Estate Market, the Lenders Loaned without Limits - Ethics - or an accountability and the system REWARDED them for it.

The only thing NAR should be Lobbying for Or any Politician Should be pushing for is for REAL Homeowner Relief, Give you a Cut in your Loan Debt... but that is Illegal, meanwhile a new buyer can come in and buy for half the price of your CURRENT LOAN.... and this is Legal.. What ?? Banks Can't hold the property they have to Sell? What - and well they end up Selling for very cheap as homes pile up on Their Books.

One Video Today on the Lenders, Big Money, Big Insurance Companies..

http://www.msnbc.msn.com/id/32450072/vp/34430080#34430080
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More on My Views of the Real Estate Industry
www.RealEstateIndustryWhistleblower.com
www.RealtorSucks.com
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