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 [mothanskin.blog-city.com] "What To Do With 'Under Water' Mortgages?": If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802) “When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here.

[Capitalk] Reflections on the Economy: A solution may be for Uncle Sam to halt foreclosures and pressure banks to revise or modify mortgages. We also need to follow Senator Obama’s plan and give tax incentives and or loans to small/mid size business to encourage hiring and to use the bully pulpit to ask American families to start saving again.

[LAS VEGAS NEVADA LAWYER HOWARD ROITMAN] foreclosure: In most jurisdictions it is customary for the foreclosing lender to obtain a title search of the immovable property and to notify all other persons who may have liens on the property, whether by judgment, by contract, or by statute or other law, so that they may appear and assert their interest in the foreclosure litigation. In all US jurisdictions a lender who conducts a foreclosure sale of immovable property which is the subject of a federal tax lien must give 25 days' notice of the sale to the Internal Revenue Service: failure to give notice to the IRS will result in the lien remaining attached to the immovable property after the sale.

 [Marion's Place] A Rising Tide of 'UnderWater' Homeowners & John McCain's Plan: Millions of Americans on Main Street are feeling the effects of our current economic crisis largely brought on by corruption and greed at Fannie Mae, Freddie Mac and Wall Street. Our next president must come into office with a plan to address the very root the failing housing market.

[John Robb's Weblog] The Foreclosure Tsunami: It has the potential to absolutely devastate the American economy (2/3rds of the American economy is from consumer spending, it is also the engine that powers the world's mercantilist/exporting economies). Strangely, nobody appears to be working on a way to slow down this process since all eyes are focused upwards, on the collapse of the international financial system.

 [Ocala /Marion County Housing Information: Commentary] Florida Real Estate News, 10/23/08: ”˜The year started out very strong,’ noted Scott Smith, a lodging instructor at the University of Central Florida’s Rosen College of Hospitality Management, but now ”˜it’s really falling way behind.’”

[Vancouver Washington Real Estate Information] 1 out of 6 Homes are in Foreclosure!: Can you imagine?  If the statistics are correct that would mean on average walking up and down any street in America that 1 out of each 6 homes you see are in foreclosure.  That would mean that 1 out of 6 families would be looking for a rental home soon.     Of course, you must realize that some states are far worse off than others - so the idea of 1 in 6 homes in foreclosure in every neighborhood is not true.

 [The Housing Bubble Blog] What Brought Us To This Dance: Moved to GA at the peak of the market..shocked by what the idiot paid for my house..Hubby and I use to joke we couldn’t afford to move out of the house and moved back in the next day…(by the way the guy who bought our house is underwater by about $400K!..house like our model on 2x the size lot as foreclosure just went under contract for LESS than what we paid for the house back in 03)

 [NHC Open House Blog] Guest Blogger: John MclIwain Provides Insight as Presidential ...: Thus the Resurgence Plan either is quite similar to existing plans in that it proposes to invite lenders and other holders of mortgages to voluntarily sell mortgages for some negotiated price reflecting the value of the loan, or it is quite different in that participation in the program would be mandatory on the part of lenders, and/or the price the government would pay would be above the loans current value (which might require additional legislative authority).

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