Friday, March 6, 2009

"Another ACORN" does not fall far from the tree....

Once again who is going to defend our Constitution. Were was US Rep. Marcy Kaptur when Congress and Senate, members and lending financial institution hash out these loan programs. It was Congress and the Senate who rolled back allot of these regulations that gave you variable rate mortgages, and the like. Once again go to ACORN loan program, it makes your hair stand, like we are so reasonable because you don't have to qualify for mortgage insurance, just read. Now this is who your President, Congress, Senate. want to give money to ACORN. I feel for anyone who got into these loans and are losing their homes. Look at this aspect of the number of illegal in our country with mortgages. "Most in the Hispanic loan program was IL- legals" why are we giving loans to IL-legals. Just about half of the sub-prime mortages failed were illegals. Write to Congresswomen Marcy Kaptur ask why is she telling people to break the law and ask her is she going to pay for their legal defense fund? When the Sherif comes and set them out on the street is she going to give them a place to stay?
Congresswoman Marcy Kaptur is the longest serving female, maybe that should change, what do you think? Just read...

Congresswomen Marcy Kaptur Ohio's Ninth District

Washington Office2186 Rayburn Bldg. Washington, DC 20515Tel: (202) 225-4146Fax: (202) 225-7711
Ohio OfficeOne Maritime Plaza - Sixth FloorToledo, Ohio 43604(800)964-4699 Tel: (419) 259-7500Fax: (419) 255-9623

ACORN'S Inspiration
February 24th, 2009Posted: 8:57 am by Babs

One has to wonder where ACORN gets its hudspah. It could be from the President, and partially is, according to their website. But also according to their website, the credit goes to other lawmakers as well.
In an article posted under "Press Releases" on the group's website, I ran across this tidbit of information while reading about their efforts in Arizona.
"According to ACORN local lead organizer Kristy Theilen, the Tucson fight against foreclosures was inspired by Ohio Congresswoman Marcy Kaptur, who advised her constituents in early February to stay put and squat-what ACORN also calls homesteading. ACORN is recruiting volunteers to help people who refuse to leave, either at the house or on the courthouse steps during foreclosure auctions."
Let's take a look at this Congresswoman who would encourage ACORN to break the law she's elected to uphold.

Marcy Kaptur of Ohio is the longest-serving Democratic congresswoman in U.S. history. In an interview with Amy Goodman on Feb. 4th, this is what Ms. Kaptur's advice was to homeowners facing foreclosure:
Now, she is recommending a radical foreclosure solution from the floor of the U.S. Congress: "So I say to the American people, you be squatters in your own homes. Don't you leave."
She criticizes the bailout's failure to protect homeowners facing foreclosure. Her advice to "squat" cleverly exploits a legal technicality within the subprime-mortgage crisis. These mortgages were made, then bundled into securities and sold and resold repeatedly, by the very Wall Street banks that are now benefiting from TARP (the Troubled Asset Relief Program). The banks foreclosing on families very often can't locate the actual loan note that binds the homeowner to the bad loan. "Produce the note," Kaptur recommends those facing foreclosure demands of the banks.
"[P]ossession is nine-tenths of the law," Rep. Kaptur told me. "Therefore, stay in your property. Get proper legal representation . [if] Wall Street cannot produce the deed nor the mortgage audit trail . you should stay in your home. It is your castle. It's more than a piece of property. . Most people don't even think about getting representation, because they get a piece of paper from the bank, and they go, 'Oh, it's the bank,' and they become fearful, rather than saying: 'This is contract law. The mortgage is a contract. I am one party. There is another party. What are my legal rights under the law as a property owner?' "If you look at the bad paper, if you look at where there's trouble, 95 to 98 percent of the paper really has moved to five institutions: JPMorgan Chase, Bank of America, Wachovia, Citigroup and HSBC. They have this country held by the neck."
Kaptur recommends calling the local Legal Aid Society, Bar Association or 888-995-4673 for legal assistance.
This may not be bad advice if you're in the negotiation portion of the process that she seems to be referring to, although it would appear she's merely offering a legal technical battle of "Produce the note". But it would seem all ACORN heard of this was the "squat" part. I don't see where Ms. Kaptur said at any point that you should break and enter to regain a house that has already been officially foreclosed on - and certainly not resold. In fact, Ms. Kaptur says just the opposite:
The onerous duty of physically evicting people and dragging their possessions to the curb typically falls on the local sheriff. Kaptur conditions her squatting advice, saying, "If it's a sheriff's eviction, if it's reached that point, that is almost impossible."
ACORN officials can certainly read, but can they comprehend what they read and translate it into anything lawful? It wouldn't appear so. I would be interested in hearing Ms. Kaptur's response to ACORN's laying their lawbreaking efforts at her feet.

Kaptur advises owners facing eviction to stay

U.S. Rep. Marcy Kaptur (D., Toledo) is advocating home-owners threatened with foreclosure exercise squatter's rights in trying to stave off the loss of their house.
"I'm saying to them possession is 99 percent of the law; you stay in your house," Miss Kaptur said yesterday, continuing a crusade she started several weeks ago in Congress and CNN picked up Thursday night.
She said she believes that many so-called predatory and subprime loans - those made to borrowers who did not qualify for a conventional mortgage - may have been illegal.
She urged homeowners not to panic and leave their home just because they receive a foreclosure notice from their lender, and she said they should demand that the mortgage-holder produce a mortgage audit.
"I say to the American people, you be squatters in your own homes. Don't you leave," she said during a speech in Congress earlier this month.
Miss Kaptur was interviewed Thursday night on CNN by Lou Dobbs, and a CNN report cited a woman who lives on Cass Road in South Toledo as an example of the trend of homeowners ignoring foreclosure notices from their lender.
But Jim Moody, a Realtor who is running for mayor of Toledo as a Republican, said Miss Kaptur may be misleading people into thinking they can stop a legal foreclosure once a judge has issued an order.
"I think those are dangerous statements," Mr. Moody said. "What's she going to say when the sheriff comes and puts all their stuff on the street when they didn't leave because Marcy Kaptur said they could stay and become a squatter?
"I think she's clueless. This is goofy. Of course, the attorneys file the proper paperwork," Mr. Moody said.
Allen Seelenbinder, a Toledo-based mortgage banker with Main Street Financial, said the only audit the borrower is entitled to is an audit of the borrower's payments.
Asked if the mortgage lender is required to prove that its loan was made properly and that the borrower was qualified to sign the loan, he said, "absolutely not - you're under a contract that you both signed.
"The only audit they're required to provide to you is that the payments that you made are made correctly. It's a transaction history," he said.
But Sandusky lawyer Dan McGookle, who is representing a homeowner trying to have a predatory loan rescinded, said mortgage firms may not be able to prove they complied with truth-in-lending laws and other state and federal procedures.
"We have strong reason to believe that a majority of the mortgage loans made in the last 10 years are defective - unenforceable for various reasons," Mr. McGookle said.
Ironically, Mr. Moody agreed that people threatened with foreclosure should try to work out a solution and should stay in the home as long as possible.
Cathleen Tillman, director of the Lucas County Sheriff's Department's civil section, which carries out court-ordered foreclosures and evictions, also said people should remain in the homes until the deed has been transferred, and not to abandon a home that is still listed in their name.
"The foreclosure takes a long time," she said. More than 4,000 foreclosure actions were filed in 2008 in Lucas County, and the sheriff's department carried out 85 foreclosure-related evictions.
Miss Kaptur said she started advocating that homeowners fight foreclosure by staying their home after it became clear that the $700 billion bailout of the financial industry passed last year was not working as intended by Congress.

ACORN And Obama: Together Again
Posted 2009-02-21By Michelle Malkin

FRESH OFF THE trillion-dollar porkulus bill signing in Denver, President Obama immediately launched into his next New Raw Deal expansion: a massive mortgage entitlement program forcing lenders to refinance at an initial cost of $50 billion to $100 billion. That's in addition to the bipartisan-supported $50 billion in the "stimulus" bill to bail out homeowners underwater on their mortgages and the $2 billion in "neighborhood stabilization" funds to alleviate the foreclosure crisis.
In tandem with the White House Bad Borrowers Bailout, Obama's old friends at the Association of Community Organizations for Reform Now (ACORN) are launching a new campaign of their own: the "Home Savers" campaign. What a coinky-dinky, huh?
As with most of the bully tactics of the radical left-wing group, it ain't gonna be pretty. They are the shock troops on the streets doing the dirty work while the Community Organizer-in-Chief keeps his delicate hands clean.
Trumpets ACORN: "On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes, or in some cases, will move back in. ACORN homesteaders intend to squat in their homes until a comprehensive, federal solution for people facing foreclosure is put in place."
ACORN's foot soldiers, funded with your tax dollars, will scream, pound their fists, chain themselves to buildings, padlock the doors and engage in illegal behavior until they get what they want. It's a recipe for anarchy. Threatens Baltimore ACORN's Louis Beverly, who calls himself a "Foreclosure Fighter": "After you've used all your legal options, your last resort is civil disobedience. We're talking about families who have been in their homes 20 or 30 years. People who are assets in the community, who look out for the elderly, who have community associations, and these are the people being kicked out of the community."
We can all sympathize with good folks who can't pay their bills. But as I've said repeatedly in my criticism of the mortgage entitlement mentality embraced by both parties in Washington, home ownership is not a civil right - and neither is home retention. Artificially propping up the housing market will only result in more of the same costly borrow-spend-panic-repeat cycles that got us into this mess in the first place. Failing corporations need to fail. So do failing home borrowers. This is borrowing from frugal renter Peter to pay profligate Paul's home loan.
Now that's the kind of theft that should be the subject of civil disobedience.
Instead, ACORN offices, funded with your tax dollars, are training teams of "Home Savers" - described as "people ready and willing to mobilize on short notice to defend the homesteaders against attempts to evict them." Ready, willing and able to mobilize on short notice because they are either unemployed or employed full time as ACORN shakedown artists.
Guess who's encouraging them to defy the law. Democratic Rep. Marcy Kaptur of Ohio, who told them: "Stay in your homes. If the American people, anybody out there is being foreclosed, don't leave." The housing bullies will be assisted by left-wing propaganda documentarians at the Brave New Foundation, headed up by Hollywood lib Robert Greenwald, who will disseminate sob stories to crank up pressure while Obama pushes his housing entitlement plan.
ACORN is targeting the following cities: Tucson, Ariz.; Oakland, Calif.; Los Angeles, Calif.; Contra Costa County, Calif.; Orlando, Fla.; Baltimore, Md.; New York, N.Y.; Houston, Texas; San Mateo County, Calif.; Denver, Colo.; Bridgeport, Conn.; Wilmington, Del.; Broward County, Fla.; Boston, Mass.; Flint, Mich.; Detroit, Mich.; Minneapolis, Minn.; Raleigh, N.C.; Durham, N.C.; Albany, N.Y.; Cincinnati, Ohio; Cleveland, Ohio; Pittsburgh, Pa.; and Dallas, Texas.
ACORN has waited three decades for this moment in the sun. And as Obama promised ACORN members at a forum in December 2007, "We're going to be calling all of you in to help us shape the agenda. We're gonna be having meetings all across the country . so that you have input into the agenda." The moment is nigh. Prepare for lawlessness.
Creators Syndicate, 2009.