Showing posts with label republicans. Show all posts
Showing posts with label republicans. Show all posts

Sunday, August 5, 2012

Seniors Cut their Own Throats.


Photobucket
We remember the late
Andy Griffith.He campaigned
for the health care reform


this was originally posted
11/17/10 as "Remember the Seinors
who cut their own throats"

Remember the elderly guy who voted in the Tea Party because he was sick of government spending, only to realize that his social security he needs to live on is government spending and the Tea Party wants to eliminate it? He also forgot they want to eliminate medicare too. When I was in high school debate (so long ago Nixon was President and Watergate just being thought about) a family of four lived in poverty if they made less than $4,000 a year, according to HEW. Now if they make $19,157 or less they are in poverty. A family of 2 with no children make less than $12,000 are in poverty. A single person 65 who makes less than $9,060 is in poverty. 37 million or 13% of our population in poverty.

social Solutions to poverty.


Using this poverty measurement, 37 million people, or 13 percent of the population, currently live below the poverty line. If a more realistic formula for counting the poor were used, without the flaws of the current poverty threshold, the number of poor would rise to at least 50 million.

These figures put the United States in the dishonorable position of having the highest poverty rates in the industrialized world.
10% of our seniors or 4 million live in poverty. now they face major cuts in their medical. Wait don't say "what different does that make I'm more well off than that." Middle class poor can wiped out in a minute with disease or stay in the hospital. Very few seniors are able to do without medicare or social security. Make no mistake, cuts are coming in both!

Center for Economic and Policy Research

One of the important untrue items circulating in policy debates in Washington is that we can have substantial budget savings if we cut Social Security and Medicare benefits for "wealthier seniors." Peter Peterson, the billionaire Wall Street investment banker regularly announces that he doesn't need his Social Security when highlighting his efforts to reduce the budget deficit.

In fact, everyone in the policy debate knows that there are very few people like Peter Peterson among Social Security and Medicare beneficiaries and it would not matter one iota if we took away their benefits completely. The billionaires or even millionaires are such a small share of the senior population, that it would barely affect the finances of these programs even if we could find a simple way to take back all their benefits (we can't).

This is why it is incredibly dishonest when the Washington Post puts forth its case in an editorial for cutting Social Security and Medicare benefits for "wealthier seniors," a change that the paper describes as making the programs "more progressive." Invariably what the Post and others mean when they use this line is cutting benefits for people with incomes of $50,000 or $60,000 a year. While these incomes would put a senior household way above the $29,700 median for the over 65 population, these incomes would not fit anyone's definition of wealthy. By contrast, President Obama put the cutoff at $250,000 when setting an income floor on people for raising taxes.

Medicare population is growing. By 2030 it will be 76 million Americans. Medicare is the third largest government program.(Health Care Crisis, Programing on PBS). Can seniors do without it?

(Ibid, PBS)
In 1999, Medicare beneficiaries spent approximately $400 out-of-pocket on drugs, and many expect this number to rise. But those seniors who can't afford to pay for their medications often don't fill necessary prescriptions, or they take their medicine irregularly. The consequences can be dangerous, or even deadly. “Original” Medicare does not cover the cost of prescription drugs outside the hospital, which means that more than a third of Medicare beneficiaries lack coverage for outpatient prescription drugs. That number is expected to grow as private sources of coverage get more expensive. This coverage gap becomes more of a hardship as drugs grow more expensive and more important in treating the ills of old age. But some seniors have some drug coverage under other plans, including Medicare HMOs. HMOs and other forms of managed care are often able to negotiate lower prices for drugs from the manufacturers, but people paying for their medications as individuals cannot take advantage of these discounted rates. Logically, people who do not have drug coverage are less likely to fill the prescriptions their doctors give them, and less likely to take medication that could improve their health and prevent more serious effects of chronic diseases.

Drugs still account for only 7 percent of all U.S. medical spending, a figure that is expected to reach 8 percent in 2003. Though the amount spent on drugs may seem small, it is expected to increase dramatically in the coming years. America is the only industrialized nation with a free market for pharmaceuticals, or without government restraints on drug prices. In 1998, there was a record number of new drug launches, and the industry spent $1.3 billion on direct-to-consumer advertising ­ four times the 1994 amount.

We fought off five major cuts in medicare this year. Where was this during the political Palaver of the camping just a week ago? No one campaigned on this. The dems gun shy form health care over the summer, the Tea Party is going to gut the aid so don't want to say anything. The seniors who just got through putting them in power are now faced with feeling their wrath when these major cuts go through.

They just got through cutting their throats so there's no one to champion their cause.


13 News
By Summer Smith, Reporter
Last Updated: Wednesday, November 17, 2010

Doctors worry that looming cuts to Medicare could leave patients without care.

On Wednesday afternoon, doctors, medical staff and Medicare patients held a rally in Bradenton to protest the pending cuts. The rally was just one of many protests held around the United States.

Physicians are slated for a 23 percent cut in Medicare reimbursements on Dec. 1 and another 6 percent Jan. 1.

The reduction is being mandated by the federal government as a way to reduce the budget. The cuts are based on a formula that guides Medicare funding.

So far, Congress has stepped in three times this year to block those cuts from happening. Another push is underway to block those cuts again.

Dr. Andrew Clark, a family physician in Bradenton, said the change would impact his practice. About a third of his a patients are on Medicare.

"It would basically stop us from being able to take care of Medicare patients," Clark said.

Dr. Aaron Sudbury agreed, saying the cuts would limit the number of physicians Medicare patients can see.

"Medicare rates are our lowest paying," said Sudbury, who practices obstetrics and gynecology. "So if we reduce that rate even further, it negates my ability to care for those patients because I can't cover my costs to my office."

Patients like Norma Dunwood are also concerned about the cuts.

"We worked hard for it, they promised it," she said. "Therefore they should stick to their word."

The Manatee County Medical Society recently conducted a survey that found if the cuts go through, 20 percent of doctors say they will stop seeing new Medicare patients. Ten percent said they will opt out of Medicare altogether.

For Barbara Cook, it's a double-edged sword. Not only is she on Medicare, but she also works as a medical assistant.

"If they cut Medicare, then we'll have to cut back with our office staff," said Cook.

The cuts would not only affect Medicare patients, it will also impact private insurance because they base their rates on what Medicare does.

Clark said those cuts could be devastating to the entire medical community.

"It would inhibit us from adequate healthcare," said Clark.

The American Medical Association urges citizens who oppose the cuts to call their Senators and Representatives using the Association's toll-free Grassroots hotline at (800) 833-6354.

These cuts are not the fault of the New republicans but the republican congress of the 90s. Yet there now the new tea party budget assassins are in and they have a mandate to cut all aid and murder the poor and elder. No one to stop them. The chickens are about to come to roost.


http://news.yahoo.com/s/ap/20101113/ap_on_he_me/us_medicare_cuts

Yahoo News

By RICARDO ALONSO-ZALDIVAR, Associated Press Ricardo Alonso-zaldivar, Associated Press – Sat Nov 13, 12:16 am ET

WASHINGTON – Breast cancer surgeon Kathryn Wagner has posted a warning in her waiting room about a different sort of risk to patients' health: She'll stop taking new Medicare cases if Congress allows looming cuts in doctors' pay to go through.

The scheduled cuts — the result of a failed system set up years ago to control costs — have raised alarms that real damage to Medicare could result if the lame-duck Congress winds up in a partisan standoff and fails to act by Dec. 1. That's when an initial 23 percent reduction would hit.

Neither Democrats nor newly empowered Republicans want the sudden cuts, but there's no consensus on how to stave them off. The debate over high deficits complicates matters, since every penny going to make doctors whole will probably have to come from cuts elsewhere. A reprieve of a few months may be the likeliest outcome. That may not reassure doctors.

"My frustration level is at a nine or 10 right now," said Wagner, who practices in San Antonio. "I am exceptionally exhausted with these annual and biannual threats to cut my reimbursement by drastic amounts. As a business person, I can't budget at all because I have no idea how much money is going to come in. Medicine is a business. Private practice is a business."

The cuts have nothing to do with President Barack Obama's health care overhaul. They're the consequence of a 1990s budget-balancing law whose requirements Congress has routinely postponed. But these cuts don't go away; they come back for a bigger bite.

Doctors have muddled through with temporary reprieves for years. This time, medical groups estimate that as many as two-thirds of doctors would stop taking new Medicare patients, throwing the health program for 46 million older and disabled people into turmoil just when the first baby boomers will become eligible.


that was a republican congress too, and who in there now? Will the new Republican tea party congress fight for medicare? You think? We will soon see.

Wednesday, November 17, 2010

Remember those seniors who cut their own throats?


Photobucket Andy Griffith campaigning for the health care reform


Remember the elderly guy who voted in the Tea Party because he was sick of government spending, only to realize that his social security he needs to live on is government spending and the Tea Party wants to eliminate it? He also forgot they want to eliminate medicare too. When I was in high school debate (so long ago Nixon was President and Watergate just being thought about) a family of four lived in poverty if they made less than $4,000 a year, according to HEW. Now if they make $19,157 or less they are in poverty. A family of 2 with no children make less than $12,000 are in poverty. A single person 65 who makes less than $9,060 is in poverty. 37 million or 13% of our population in poverty.

social Solutions to poverty.


Using this poverty measurement, 37 million people, or 13 percent of the population, currently live below the poverty line. If a more realistic formula for counting the poor were used, without the flaws of the current poverty threshold, the number of poor would rise to at least 50 million.

These figures put the United States in the dishonorable position of having the highest poverty rates in the industrialized world.
10% of our seniors or 4 million live in poverty. now they face major cuts in their medical. Wait don't say "what different does that make I'm more well off than that." Middle class poor can wiped out in a minute with disease or stay in the hospital. Very few seniors are able to do without medicare or social security. Make no mistake, cuts are coming in both!

Center for Economic and Policy Research

One of the important untrue items circulating in policy debates in Washington is that we can have substantial budget savings if we cut Social Security and Medicare benefits for "wealthier seniors." Peter Peterson, the billionaire Wall Street investment banker regularly announces that he doesn't need his Social Security when highlighting his efforts to reduce the budget deficit.

In fact, everyone in the policy debate knows that there are very few people like Peter Peterson among Social Security and Medicare beneficiaries and it would not matter one iota if we took away their benefits completely. The billionaires or even millionaires are such a small share of the senior population, that it would barely affect the finances of these programs even if we could find a simple way to take back all their benefits (we can't).

This is why it is incredibly dishonest when the Washington Post puts forth its case in an editorial for cutting Social Security and Medicare benefits for "wealthier seniors," a change that the paper describes as making the programs "more progressive." Invariably what the Post and others mean when they use this line is cutting benefits for people with incomes of $50,000 or $60,000 a year. While these incomes would put a senior household way above the $29,700 median for the over 65 population, these incomes would not fit anyone's definition of wealthy. By contrast, President Obama put the cutoff at $250,000 when setting an income floor on people for raising taxes.

Medicare population is growing. By 2030 it will be 76 million Americans. Medicare is the third largest government program.(Health Care Crisis, Programing on PBS). Can seniors do without it?

(Ibid, PBS)
In 1999, Medicare beneficiaries spent approximately $400 out-of-pocket on drugs, and many expect this number to rise. But those seniors who can't afford to pay for their medications often don't fill necessary prescriptions, or they take their medicine irregularly. The consequences can be dangerous, or even deadly. “Original” Medicare does not cover the cost of prescription drugs outside the hospital, which means that more than a third of Medicare beneficiaries lack coverage for outpatient prescription drugs. That number is expected to grow as private sources of coverage get more expensive. This coverage gap becomes more of a hardship as drugs grow more expensive and more important in treating the ills of old age. But some seniors have some drug coverage under other plans, including Medicare HMOs. HMOs and other forms of managed care are often able to negotiate lower prices for drugs from the manufacturers, but people paying for their medications as individuals cannot take advantage of these discounted rates. Logically, people who do not have drug coverage are less likely to fill the prescriptions their doctors give them, and less likely to take medication that could improve their health and prevent more serious effects of chronic diseases.

Drugs still account for only 7 percent of all U.S. medical spending, a figure that is expected to reach 8 percent in 2003. Though the amount spent on drugs may seem small, it is expected to increase dramatically in the coming years. America is the only industrialized nation with a free market for pharmaceuticals, or without government restraints on drug prices. In 1998, there was a record number of new drug launches, and the industry spent $1.3 billion on direct-to-consumer advertising ­ four times the 1994 amount.

We fought off five major cuts in medicare this year. Where was this during the political Palaver of the camping just a week ago? No one campaigned on this. The dems gun shy form health care over the summer, the Tea Party is going to gut the aid so don't want to say anything. The seniors who just got through putting them in power are now faced with feeling their wrath when these major cuts go through.

They just got through cutting their throats so there's no one to champion their cause.


13 News
By Summer Smith, Reporter
Last Updated: Wednesday, November 17, 2010

Doctors worry that looming cuts to Medicare could leave patients without care.

On Wednesday afternoon, doctors, medical staff and Medicare patients held a rally in Bradenton to protest the pending cuts. The rally was just one of many protests held around the United States.

Physicians are slated for a 23 percent cut in Medicare reimbursements on Dec. 1 and another 6 percent Jan. 1.

The reduction is being mandated by the federal government as a way to reduce the budget. The cuts are based on a formula that guides Medicare funding.

So far, Congress has stepped in three times this year to block those cuts from happening. Another push is underway to block those cuts again.

Dr. Andrew Clark, a family physician in Bradenton, said the change would impact his practice. About a third of his a patients are on Medicare.

"It would basically stop us from being able to take care of Medicare patients," Clark said.

Dr. Aaron Sudbury agreed, saying the cuts would limit the number of physicians Medicare patients can see.

"Medicare rates are our lowest paying," said Sudbury, who practices obstetrics and gynecology. "So if we reduce that rate even further, it negates my ability to care for those patients because I can't cover my costs to my office."

Patients like Norma Dunwood are also concerned about the cuts.

"We worked hard for it, they promised it," she said. "Therefore they should stick to their word."

The Manatee County Medical Society recently conducted a survey that found if the cuts go through, 20 percent of doctors say they will stop seeing new Medicare patients. Ten percent said they will opt out of Medicare altogether.

For Barbara Cook, it's a double-edged sword. Not only is she on Medicare, but she also works as a medical assistant.

"If they cut Medicare, then we'll have to cut back with our office staff," said Cook.

The cuts would not only affect Medicare patients, it will also impact private insurance because they base their rates on what Medicare does.

Clark said those cuts could be devastating to the entire medical community.

"It would inhibit us from adequate healthcare," said Clark.

The American Medical Association urges citizens who oppose the cuts to call their Senators and Representatives using the Association's toll-free Grassroots hotline at (800) 833-6354.

These cuts are not the fault of the New republicans but the republican congress of the 90s. Yet there now the new tea party budget assassins are in and they have a mandate to cut all aid and murder the poor and elder. No one to stop them. The chickens are about to come to roost.


http://news.yahoo.com/s/ap/20101113/ap_on_he_me/us_medicare_cuts

Yahoo News

By RICARDO ALONSO-ZALDIVAR, Associated Press Ricardo Alonso-zaldivar, Associated Press – Sat Nov 13, 12:16 am ET

WASHINGTON – Breast cancer surgeon Kathryn Wagner has posted a warning in her waiting room about a different sort of risk to patients' health: She'll stop taking new Medicare cases if Congress allows looming cuts in doctors' pay to go through.

The scheduled cuts — the result of a failed system set up years ago to control costs — have raised alarms that real damage to Medicare could result if the lame-duck Congress winds up in a partisan standoff and fails to act by Dec. 1. That's when an initial 23 percent reduction would hit.

Neither Democrats nor newly empowered Republicans want the sudden cuts, but there's no consensus on how to stave them off. The debate over high deficits complicates matters, since every penny going to make doctors whole will probably have to come from cuts elsewhere. A reprieve of a few months may be the likeliest outcome. That may not reassure doctors.

"My frustration level is at a nine or 10 right now," said Wagner, who practices in San Antonio. "I am exceptionally exhausted with these annual and biannual threats to cut my reimbursement by drastic amounts. As a business person, I can't budget at all because I have no idea how much money is going to come in. Medicine is a business. Private practice is a business."

The cuts have nothing to do with President Barack Obama's health care overhaul. They're the consequence of a 1990s budget-balancing law whose requirements Congress has routinely postponed. But these cuts don't go away; they come back for a bigger bite.

Doctors have muddled through with temporary reprieves for years. This time, medical groups estimate that as many as two-thirds of doctors would stop taking new Medicare patients, throwing the health program for 46 million older and disabled people into turmoil just when the first baby boomers will become eligible.


that was a republican congress too, and who in there now? Will the new Republican tea party congress fight for medicare? You think? We will soon see.

Saturday, November 13, 2010

There's No PLace Like Home (Not since it was Foreclosed)

Photobucket


I have a couple of friends who I shall call Phoebe and Katrina. These are real people with fictitious names. A few years ago these sisters carried for their father who was on dialysis. Phoebe slept in her father's room at the assisted living place to keep him from falling and help him with things. Katrina was a lawyer but she was unable to find a position in a law firm. She had her own practice and Phoebe worked as her paralegal, but while their father was sick neither of them could work much. After the father died they two girls received 25,000 in inheritance. They had already been through a rough time in an apartment, lost the house they grew up in, so they wanted to find a new home. They put their inheritance money into a house. It was about that time (around 20006) that everyone began to notice it was getting really hard to find a job. This is was right at the point where gas prices began to really clime.

Over the course of the next few years the two girls failed to find jobs. Phoebe tried very hard, Katrina not so much she also was discovered to have breast cancer. The last few years for her have revolved around fighting best cancer and trying to survive. Without work they were unable to make any house payments, or at least many. They worked sporadically, in elections, tried to get law clients and did some legal work for friends. Phoebe scoured the countryside looking for almost anything and was unable to find a job even working in a nursery. The $25,000 was gone a long time ago. They donged the bullet on foreclosure many many times. The original mortgage company went of out business. The company that bought up the debt lacked the legal paper work and couldn't even prove they owned the house. Yet the court continued to regard the mortgagor company as the injured party and kept giving them more and more chances to evict the girls.

The mortgage company pretended to give the girls a chance to buy the house. Pheobe finally got a job working in a school cafeteria but makes very little money. She works very hard every day and makes almost nothing. The mortgage company set impossible goals standards for them to meet then deemed them unworthy of a mortgage. Katrina was dying fast enough to suit them I guess. The girls finally lost the house. They are having to look of a new place. It's very hard to find one becasue they have "economic leper" by thier names ("foreclosure" on their credit reports). The thing is the economic leper rating was put in the reports before the court was settled. So before they were foreclosed upon their credit rating said "foreclosure." Mortgage company used credit rating as one of the criteria why which they judged their suitably for a mortgage, but the couldn't get it because they had a poor credit rating because the very people they were trying to get the good credit for already told credit report people they were foreclosed upon. That has to be illogical. They had a fine lawyer. I know their lawyer so I know he addressed that. The problem: the laws are there to protect the business in their attempt to fleece the homeowner. This is obvously a sham. That's almost like putting the prosecution on the jury.

This outcome is no surprise to me. I went through the process just as they were starting to buy the house. I lost my house we moved out in August of 2006, just as they were beginning to put the money down on their house. My only surprise is that they lasted so long. I have watched every step, holding my tongue and praying because I knew it wouldn't work. I knew when they began trying all sorts of "creative options" like selling the house and renting it back from the buyer, that wont work. We tried all that. I fought for our house for two years. the truth of it is once you start down the foreclosure path it's gone. All the people who have their little business who will supposedly save you are just going to rip you off more. My brother and I never missed a house payment but they stole our house anyway. They paid the taxes the day of the closing then used that as an excuse to raise the payments three times what they were. It was over at that point but we did not know it.

Back in the early part of the decade when I used to see 'get rich quick' scam ads featuring real estate as the golden goose I knew at that time we were in for a crisis some day. I would see ads and things talking about how easy breezy it is to "buy houses and flip them" one need ever be poor again. I thought to myself "doesn't anyone ever buy houses to live in anymore?" I said then "it's going to go bust." Little did I know how right I was. The greed of America, we exist to make money. We live to get more stuff. It never has to stop, the market will always go up and up. Guess what, the bubble did burst. Who takes the fall? The poor average American, Phoebe and Katrina, people who just want to live in a nice little house with their memories of helping their father. The bastards who grow richer every day by sucking the blood of such ordinary people don't have to pay because they are the ones the laws are designed to protect, not the struggling homeowner but the brigandage which exists to feed off the homes of Americans.

The predictable results:The Foreclosure crisis is now spread over 2 million homes.

PBS News Hour Extra. Oct 22, 2010

Since the economic crisis began in December 2007, millions of Americans have lost their homes to foreclosure, sending families scrambling to find a place to live -- sometimes moving into relatives' houses, settling in homeless shelters or on the streets.

Foreclosure, which is when a bank takes away a house because the owner cannot pay back a loan, is at the heart of the economic crisis. During the 1990s and up until 2007, banks and lenders encouraged people to buy expensive homes with loans far beyond their earnings. In some cases, lenders tricked homebuyers with payment schedules designed to start out low, but balloon after a few years.

More than 2.5 million Americans are currently at risk of losing their homes. In recent weeks there have been halts to foreclosures due to questions about paperwork and whether lenders and banks followed the rules when processing foreclosure paperwork. In Florida, activists such as Lisa Epstein have been investigating banks' fraudulent mortgage practices, including using ”robo-signers” to sign legal documents necessary to evict vulnerable homeowners.

Confirmation on the number from real estate sources
Based on RealtyTrac data, since December 2007 (the official start of the recession) and through June 2010 there have been a total of 2.36 million U.S. properties repossessed by lenders through foreclosure (REO). In addition there have been 3.48 million default notices and 3.46 million scheduled foreclosure auctions.

Thanks to action by States Attorneys general there was a temporary moratorium on the illegal house stealing. but that's back on now. Their house stealing only slacked off for a few weeks. That's just a temporary lull. The temporary stop is due to action by attorneys general. It has been found that mortgage companies were illegally foreclosing, just rushing paperwork through without any actual regard to real documentation of the house. This is nothing more than thieving. They are literally house thieves.

PBS

Bank of America, the nation’s largest bank, had stopped foreclosures as it investigated its methods, but plans to restart its foreclosure offices as early as October 25.


Illegal Foreclosures? The State investigates Three Top South Florida Law Firms....
all Business a D&B company

Three of Florida's largest foreclosure law firms are under investigation by the state attorney general following allegations they illegally rushed thousands of cases through the court system.

The firms, dubbed "foreclosure mills" because of the large volume they handle, are the Law Offices of Marshall C. Watson in Fort Lauderdale; Shapiro & Fishman, which has offices in Boca Raton and Tampa; and the Plantation-based firm of David J. Stern. All three handle foreclosures in Palm Beach County.

Tuesday's announcement of the investigation by the Economic Crimes Division of the attorney general's office says "thousands of final judgments of foreclosure against Florida homeowners may have been the result of the allegedly improper actions of the law firms."

Several reports have surfaced in recent months of judges throwing out foreclosure cases in which key documents, such as assignments of mortgages and notes, appear to be doctored, backdated or filed by groups with no standing to foreclose on a property.

Also, attorneys defending homeowners against foreclosure have complained the amount owed a lender on a defaulted loan sometimes cannot be substantiated.

The convoluted boom-time financial practice of repeatedly buying, selling and bundling mortgages exacerbates the situation, making it difficult sometimes to determine who is truly owed the balance of a home loan.

"On numerous occasions, allegedly fabricated documents have been presented to the courts in foreclosure actions to obtain final judgments against homeowners," the statement from Attorney General Bill McCollum says.

Foreclosure mills cranking out the theft of houses. Not just in Florida. It's all 50 states:

Action Alert
Carl C. Asbury Save My Home Lawgroup

Action Alert – Foreclosure Fraud – Tell your Attorney General “Don’t Sit Down with the Banks! Stand up Against Fraud!”

A 50-state task force investigating U.S. foreclosure practices may meet with lenders as early as this week, less than a month after JPMorgan Chase & Co. and Bank of America Corp. suspended some home seizures.

“We’ve had several conference calls with major lenders,” Colorado Attorney General John Suthers said in an interview, declining to specify which ones. “The banks want to sit down with the attorneys general. These meetings are being set up,” said Suthers, whose office is a member of the executive committee of the task force.

All 50 states on Oct. 13 announced a coordinated inquiry into whether banks and loan servicers used false documents and signatures to justify hundreds of thousands of foreclosures. The probe came after JPMorgan and Ally Financial Inc.’s GMAC mortgage unit said they would stop repossessions in 23 states where courts supervise home seizures and Bank of America froze foreclosures nationwide.

Not only have the mortgage companies been found to be actual thieves, as I thought way back when I was dealing with them, but even the people claim to have you, the knights in shining armor who are going to come to your rescue are merely vultures circling waiting end. The state of Indiana has taken action

Indiana Real estate Rama

Indiana Attorney General Greg Zoeller urges Hoosiers to avoid foreclosure rescue scams

VINCENNES, IN - October 21, 2010 - (RealEstateRama) — Many homeowners facing foreclosure who are frustrated with their loan servicers turn to for-profit foreclosure consultants whose advertisements often promise any home can be saved from foreclosure and their services are 100% guaranteed. Indiana Attorney General Greg Zoeller today announced the filing of 10 lawsuits against companies making such claims calling them false and illegal, including one complaint which was filed today in Knox County against Integrated Financial Solutions, headquartered in New Jersey.


These so-called ‘foreclosure consultants’ are taking advantage of Hoosiers who are facing desperate financial hardships and scamming them out of thousands of dollars. They are operating illegally and this will not be tolerated in Indiana,” Zoeller said. “Working to protect Hoosier consumers includes bringing actions against those who violate our state laws and also warning people to protect themselves, their family and their neighbors - don’t let a loved one fall victim to these scams, no matter how convinced they may be of their legitimacy.”

The lawsuits were filed in nine different Indiana counties by Zoeller and his team of deputy attorneys general serving in the Homeowner Protection Unit. The coordinated filing was done in an effort to raise awareness of the pitfalls of hiring for-profit foreclosure rescue companies.

So even the 'good guys' are the bad guys. The only good guys in it are the victims who lose their houses. No one is there to help them and even the laws are against them. The mortgage company, which is just a better organized gang of thieves, those are the one's the laws protect. The media is complicit too. look at the huge discrepancy when they talk about causes. Everyone is afraid to call it like it is. PBS attributes the crisis to lowering prices.


PBS source above

Part of the financial crisis, however, is that the value of homes has dropped sharply. Therefore, many homeowners who pay their mortgage on time still owe more than their home is worth. For example, if you bought a house for $300,000 in 2007, your house might be worth $150,000 today. Owing more than the house is worth is called being "under water."


why are home prices low? The falling prices didn't start until 2007 when the crisis was well underway. There were forsale signs all over the place before I even lost my house in 2006. Why were the prices falling? Because suddenly all the get rich quickers knew the bubble had burst. The golden goose was dead and they wanted out of the housing market. The only people still in the housing market were people who actually wanted to live in the houses. By that time the prices were falling. Mortgage companies blame scape goat lends of subprogram loans, and of cousre the evil victims willing to take the loans.



foreclosure data online since 2001
mortgage company propaganda

Much of the easy credit in the
Cleveland area came in the form of subprime loans. Over 30,000 high risk loans were given to the residents of this region in 2006 resulting in subprime loans making up almost 30 percent of the total loans handed out in Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit counties.

According to the Mortgage Bankers Association the number of foreclosure in
Ohio
on subprime loans are up to two to three times higher than the statewide foreclosure rate on prime loans. Furthermore, mortgage disclosure information and court records reveal that areas with the heaviest concentration of foreclosures have been the most prevalent in subprime lending.

Of cousre they are not willing to mention foreclosure mills, we have no idea how that long has been going no but it's obviously longer than the crisis has been viral.

What has Obama done to help?


HomeOwnership.org
non profit organization
The MHA plan essentially comprises two mortgage relief programs to help troubled homeowners - a loan modification program and a refinance program.

Federal Mortgage Relief - Loan Modifications

This page contains a breif description of the loan modification program. For a complete description of the qualifications and how to apply go to the Loan Modification Programs: How to Qualify and Apply page.

The purpose of a mortgage modification is to get your monthly payment to a more affordable level. An "affordable" mortgage payment is typically defined as 31% of the borrower's monthly gross income. This is achieved by modifying one or more components of your mortgage:

  • Lowering the interest rate
  • Extendeding the life of the loan
  • Lowering the loan principle

Eligibility

There are a lot of factors that contribute to a borrower qualifying for the loan modification. Use the online qualifier provided on this website to determine how likely you are to qualify for a loan modification:

How to apply

If youre ready to begin negotiating for a loan modification, get some free advice before contacting your lender. Consider talking to a HUD-approved, nonprofit housing consultant and find out how likely you are to qualify for a loan modification based on your individual mortgage and financial situation.

What if you don't qualify or have been denied?

If you don't qualify for a loan mod or if you've been denied one in the past, there are two private programs available to you.


This is not nearly enough. It essentially doesn't help anyone who is really poor, on the brind of losing the house, or with a long term problem. It's much more than Bush did. The only thing Bush did was to call the victims "lazy." He did nothing. What did the American voter do in the last elections (this month)? They put the people who caused the problem back in power. How many republicans in Congress do you supposes sell real estate, have wives or husbands who do, or bet friends who do? Republicans and real estate go together like rain and tornadoes, or poison and death. How do you supposes the laws got slanted to help the mortgage company and not the homeowner? While we are on the subject consider the timing of last months action by attorney's general? Right before the mid elections. Worked for the Texas Attorney General. The grils, Phoebe and Kat got two weeks off on worry and Kat voted all republican raving about how Greg Abbott has helped her so. he helped her so much she's packing to leave now!












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