consumers: Calling for a Recall on Mortgages-There's an Idea!
- 02/20/10 05:58 AM
I was just reading an article in the Orange County Register about the shadow foreclosure inventory and it may not be a surprise but in Orange County there is an estimated 13 months of inventory not on the market. So as everybody wonders why the banks hold on to them, waiting for solutions a thought came to my mind. Let me know if you agree..... A mortgage is a product - Correct? If a bad product is sold to consumers, the manufacturer of the product is held accountable by various consumer protection agencies. Correct? And if it is a massive problem, … (10 comments)
consumers: Consumers Reponsible When Lenders Put out a Bad Product at the Wrong Time - hmmmm?
- 07/09/09 05:18 AM
I try not to put out negative stuff, but I tell ya, it is starting to get to me. I generally don't even read the papers because of the negative news. Unfortunatly, I did read the papers this am and came across these disturbing articles. Foreclosure Backlog in the O.C. Grows: Loan Servicers Prefer Big Losses rather then forgiveness Now I understand the banks are in this business to make money and these articles may not surprise you, but something is morally wrong here. Maybe I live in fantasy world where I hope the organizations that I go into business with i.e. … (7 comments)
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I was just reading an article in the Orange County Register about the shadow foreclosure inventory and it may not be a surprise but in Orange County there is an estimated 13 months of inventory not on the market. 
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