Wednesday, 25 February 2009

Life in the fastlane of foreclosure

The foreclosures rate is so high in Florida that they have begun to fast track the legal proceedings. It could happen here....

FORT MYERS, Florida (CNN) -- With eyes tearing, some stare off into space. Others sit quietly with an expressionless pain as they wait for the inevitable. Casey McNeer couldn't even speak her name when the judge called her case. 1 of 3 When you are called before this court, it's the end of the line. You are about to lose your home. This is foreclosure court in Fort Myers, Florida.

At this point in the legal process, all that's needed is a judge's signature. CNN was in court Friday to witness the process, which takes seconds. It's called the "rocket docket." On some days the court hears up to 1,000 cases.

10 comments:

electro-kevin said...

I expect 'foreclosure' is in the small print of every loan. To be activated against responsible borrowers too.

Mitch said...

The crazy situation is thousands of empty houses and thousands of homeless people and no way to unite the two.

AC said...

I don't get why you can walk away from negative equity in the US with no debt.

Isn't this the reason for so many 'foreclosures' ?

dearieme said...

AC, it's a matter for State law, apparently, not Federal law.

Anonymous said...

It is sad, and it is tragic that with home ownership bringing so many benefits to the community and economy, that the US has so few programs to help families become homeowners in an affordable manner.
But the majority of these people failed to do due diligence in making the biggest purchase of their lives (a home) and overextended themselves by taking money they could never hope to pay back.
And when you can't pay back the money you borrowed, you forfeit the collateral (the house).
Except for the poor prudent folks who are losing their homes because they lost their jobs in the collapse following this housing feeding frenzy (and even some of those got stupid and over-borrowed against their homes) all of these people are in a hell of their own making. It is sad, and we should help them get back on their feet- but it is wrong to keep them from the consequences of their own adult actions

Anonymous said...

We need to stop using the asbtract concept of "home" and call it what it really is - a "house".

It certainly isn't "ownership" when the intent is to perpetually cash-out the equity on a refinance.

The good thing is these fast-track foreclosures get the borrowers out of the shackles of unaffordable debt fora few years of bad credit. That's a hell of a good deal in the long-term, but the lack of long-term thinking i what created the mess in the first place. We're slowly getting back to the mindset where the long-term matters, and there is no way to fast-track that return.

Dick the Prick said...

I guess there's no limit to supply either. Vegas has just expanded like crazy and their love of engineered suburbs seems kinda odd. Also they don't seem to be a fan of bricks that much which just freaks me out.

AntiCitizenOne said...

I cried when, as a child, I realised that I couldn't afford the big chocolate bar I wanted.

wildgoose said...

Great Comment AC1.

look said...

成人電影,情色,本土自拍, 寄情築園小遊戲, AV女優,成人電影,情色,本土自拍, A片下載, 日本A片, 麗的色遊戲, 色色網, ,嘟嘟情人色網, 色情網站, 成人網站, 正妹牆, 正妹百人斬, aio,伊莉, 伊莉討論區, 成人遊戲, 成人影城,
ut聊天室, 免費A片, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友, 本土自拍, 免費A片下載,

美女交友, 嘟嘟成人網, 成人貼圖, 成人電影, A片, 豆豆聊天室, 聊天室, UT聊天室, 尋夢園聊天室, 男同志聊天室, UT男同志聊天室, 聊天室尋夢園, 080聊天室, 080苗栗人聊天室, 6K聊天室, 女同志聊天室, 小高聊天室, 情色論壇, 色情網站, 成人網站, 成人論壇, 免費A片, 上班族聊天室, 成人聊天室, 成人小說, 微風成人區, 色美媚部落格, 成人文章, 成人圖片區, 免費成人影片, 成人論壇, 情色聊天室,


性愛,
成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲情色視訊, 情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, 視訊聊天, 免費視訊聊天室, a片下載, aV, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片,成人電影,情色,本土自拍,