Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Steven asks…

16 months after the avalanche of foreclosures: What banking regulations have Congress come up with?

To keep it from happening again?

Your Questions About Foreclosures

The Expert answers:

Zero. Zilch. Nada. Nothing.

Which is strange, because the 2008 meltdown was directly attributed to the 1999 Gramm-Leach-Bliley banking deregulation act, which repealed the Depression era Glass-Steagall act.

Democrats claimed this proved the GOP was to blame, because it has Republican Phil Gramm’s name on it (eyeroll).

So, WHY DIDN’T THE DEMOCRAT GOVERNMENT REPEAL IT FIRST THING?

WHY HAVENT’ THE DEMOCRATS REINSTATED GLASS-STEAGALL???????

The FACT is, JOHN MCCAIN has introduced legislation to do exactly that:

http://news.yahoo.com/s/politico/31148
‘Big is bad’ catches on in Congress
“The anger at the nation’s financial behemoths is taking shape in a variety of ways, most notably in a bill from Sens. Maria Cantwell (D-Wash.) and John McCain (R-Ariz.), who are targeting big financial institutions such as JPMorgan Chase and Citigroup.

“The bipartisan duo’s bill would reinstate the Depression-era law that built a wall between commercial banking and the riskier activities of investment banking. The separation — originally set up in the Glass-Steagall Act — was repealed in 1999. ”

IS THIS BEING COVERED IN ANY OF THE MAINSTREAM NEWS MEDIA????

No, of course not.

All anybody can talk about is global warming and health care reform. Both of which are now dead issues.

Well I guess now we have to go back to arguing about gun control, flag burning, and abortion.

We can NEVER discuss anything of substance, can we…

Your Questions About Foreclosures

Ken asks…

where do I find goverment tax foreclosures guides?

I will like it to be for tennesse specifically in nashville.

Your Questions About Foreclosures

The Expert answers:

Look it up on google.com

Your Questions About Foreclosures

Charles asks…

Why are banks buying their own foreclosures at real estate auctions?

I’ve been to a few New York Real Estate auctions at courthouses recently and often the banks are buying the properties back, They either have a specified bid they come in with or will outbid the public. I don’t understand. Don’t these banks want these properties off the books?

Your Questions About Foreclosures

The Expert answers:

Banks are buying the properties back at the amount owed on them. If the bid got higher than the amount owed, the bank wouldn’t bid.

Your Questions About Foreclosures

Linda asks…

Why are banks buying their own foreclosures at real estate auctions?

I’ve been to a few New York Real Estate auctions at courthouses recently and often the banks are buying the properties back, They either have a specified bid they come in with or will outbid the public. I don’t understand. Don’t these banks want these properties off the books?

Your Questions About Foreclosures

The Expert answers:

Banks have a minimum bid they will accept at a foreclosure auction. If that price isn’t met at auction, the banks can opt to keep the property and then resell it later.

Your Questions About Foreclosures

George asks…

Is foreclosures the best way to find my first home and how do you find them?

Iam in construction in Indianapolis…

Your Questions About Foreclosures

The Expert answers:

Yes go to zillow.com

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures