William J Archambault Jr

Strategic Defaulters Unite For Personal Economic Recovery! :>) Much self serving testosterone saturated bovine dropping have been published promoting the idea that consumers were some how duped into mortgage loans they were to stupid to understand.

Balderdash!

There are only individual humorous antidotal proofs of such causes and only primary and general election results to support the idea of mass idiocy.

For what ever reason we did experience that first wave of foreclosures. Strategic default has seemingly been forced upon you by the systematic sabotage of your hard earned equity by banks, bankers, appraisers and their regulators, luting both home owners and their own stock holders.

With the first round of foreclosures the banks (including all forms that ended up in control of the foreclosed properties.) ignored their fiduciary duty to their stock holders. Abandon their obligations to their debtors. Flaunted the very duties agreed to by accepting a privilege license to do business, in the first place!

The first attack on your equity and their stock holders security was dumping large numbers of REO's on the market at below market value. This not only caused higher deficience balances for the troubled debtors, it caused the bank's owned stock holders to take greater losses than necessary. An unintended consequence was the lowering of all home values in their service area.

When these REO's did sell and subsequently individual home owners sold their properties, these very banks forced appraisers to violated a century old appraisal policy of ignoring distress sales when determining value. This further reduced private equities causing the REO's to be reduce further to remain below market, again reducing private equities in a never ending chain.　

As REO volume grew and short sale request became common did the banks determine properties values by the use of licensed appraisers, at an arms length as they demanded of the consumers? No they used BPO's! Licensed real estate people but not acting in the scope of their license, when an agent provides a BPO for cash that's an appraisal, not to be confused with providing the same information to a buyer or seller in an attempt to secure a listing or sale. Without the safe guards we're told are so necessary for an appraisal! We can only assume these non-appraisers non-appraisals further lowered every ones equity.

Strategic Defaulters Unite For Personal Economic Recovery! :>) It is time for the biggest tort claim since the tobacco settlements! Strategic Defaulters Unite in a class action against every bank that has destroyed your equities by selling REO's below market in the last two years.

Included every institution accepting short sales below market in the last three years.

Included every appraiser who included distress sales as comparables in the last two years. (This will allow all sellers in the last two years weather successful or not to be additional plaintiffs.) 　

The suit will be based on conspiracy, violation of public trust, interference with business, and racketeering under The Racketeer Influenced and Corrupt Organizations Act, RICO standards.

Strategic Defaulters Unite For Personal Economic Recovery!

I have no interest in such an action. I don't necessarily believe in such actions, but this is a logical conclusion based on all I read.

This Above All Be Careful With whom You Speak!

"...to thine own self be true;
And it must follow, as the night the day,
Thou can'st not then be false to any man."

I will not exchange comments with those I don't respect.

"O horrible, O horrible, most horrible!"

I will not debate those who distort the meaning of words to justified their unjustifiable!

So, haply, slander -
Whose whisper o'er the world's diameter,
As level as the cannon to his blank,
Transports his poisoned shot - may miss our name
And hit the woundless air. - O, come away!
My soul is full of discord and dismay.

This Above All Be Careful With whom You Speak! Say what you will I will not let my name be associated with those who I can not proudly be associated. If they lack discretion I will delete any association I can, but I will not debate them. (The internet groups us together where ever our names appear regardless of our position, our names alone add to the dispensation of the vile!)

Good-night, ladies; good-night, sweet ladies; good-night, good-night.

"...When sorrows come, they come not single spies,
But in battalions."

This Above All Be Careful With whom You Speak!

"Go, bid the soldiers shoot."

Bill

With help of a William that came before.

Have you ever cavorted naked in the morning sun?

Have you ever done nothing just laying in the sun?

Have you ever lied naked in awe of all that surrounds you?

Have you ever bared your sole to all that God has done?

Have you ever cavorted naked in the sun?

Have you ever rode a good horse?

Have you ever had a thousand pounds of muscle and heart responding to your thoughts?

Have you ever been responsible for anothers life?

Have you ever cavorted naked in the sun?

Have you ever driven a car with no purpose, but fun?

Have you ever driven with 650 horse power and no trailer hitch?

Have you ever driven no where just for fun?

Have you ever driven just to see the rising sun?

Have you ever cavorted naked in the sun?

Have you ever flown a plane?

Have you ever gone solo with just you and God?

Have you ever flown alone at night?

Have you ever been responsible for life?

Have you ever cavorted naked in the sun?

Have you ever gone to bed your spouse at your side?

Have you ever woken naked your sole mate cuddled in tight?

Have you ever felt empty when they weren't there?

Have you ever told time by hours until your back together?

Have you ever cavorted naked in the sun?

Have you ever set out deliberately to conceive?

Have you ever watch your child be born?

Have you ever held hands?

Have you ever cavorted naked in the sun?

Have you ever held a child?

Have you ever fed a baby only to have to change the other end?

Have you ever let them hold your finger, while tentative steps they take?

Have you ever let them let go so they could try to run?

Have you ever cavorted naked in the sun?

Have you ever been a teacher for it's own sake?

Have you ever repeated the obvious for the slowest sake?

Have you ever realized that no mater how great a teacher, teachers get more out of teaching than the students?

Have you ever helped someone not because you knew them, but just because you could?

Have you ever cavorted naked in the sun?

Have you ever looked around you to admire what you see?

Have you ever notched it doesn't matter where your at forest, desert, high mountain lake or sea there is always beauty God's left there for you to see?

Have you ever watched the sun set from the back of a boat?

Have you ever cavorted naked in the setting sun?

Understanding Stubborn Banks! Stubborn Banks are accepting short sale offers yet often only throwing a $3,000 to $5,000 bone to the secondary lender, citing it's there policy. This of course often kills a short sales, when the secondary lender refuses to take less than $5,000 or what ever citing it's there policy.

OH MY! The First Bank won't allow any more to go to the second. The Second Lender won't take any less! Worse! The amounts involved are often a mire pittance!

If the seller can afford the difference the Bank wants it. If the Buyer is willing to pay more the Bank wants that money, too!

Why? Why would a Bank risk further losses over as little as $2,000? Why would the Bank be so stubborn?

Let's start with why a Bank would accept a short sale? The first reason and most important reason a Bank accepts a short sale is because they see it as in their best interest! They could care less how you as a debtor or REALTOR® see it, they answer to their stockholders and regulators not the debtors or entitlement mobs! The second reason is pragmatic, if the debtor's condition has substantially and uncontrollably changed! That's the reason for the "Hardship letters" the debtor must acceptably explain his position, "I quite my job I don't want to work any more" or "you got Federal "bail out" money so I'm entitled" won't get you a short settlement with any Bank!

So why won't they allow a reasonable amount to go to the second lender? Because, they see the second as creating the problems! Especially cash out seconds that are so common! The Bank made a safe or an insured loan to a qualified applicant then along comes a secondary Lender who loans the Debtor even more money, with little or no improvement in the debtor's financial position! Simply put the Bank sees the secondary lender as greatly responsible for the debtor's problems and worse the National problem. Often ignoring the fact that they may have originated the second, except when they still own the second!

From the Bank's position money going to the secondary lender is like paying Bonnie and Clyde to only rob you on Tuesdays, Wednesdays, or Thursdays because they have large deposits on Mondays and bring in lots of cash on Fridays to cash checks! They're pragmatic enough to pay a little because if they've accepted a short sale they believe it's saving them money, but see the payments to the second Lender as extortion!

I have a solution for some! Watch for it.

Irony: The Incongruities between what we hear and what is.

IE:

Having put in the time is not the same as experience.

Having a license is not the same as experience.

Having gotten away with something even repeatedly does not make it legal.

Agreeing with the masses doesn't make any of you right.

Knowing your not guilty doesn't mean the other guy is.

Watching from the sidelines doesn't necessarily teach you how to play.

Knowing what's allowed without knowing what's allowable precludes professional competence.

It can't be done doesn't mean you can't do it.

Saying is not the same as doing!

Wishing is not the same as willing.

Ignorance does not require stupidity.