The Third Rail In This Economic Recovery – Foreclosures!

” A Pale Green Mermaid Blog “

 

Money borrowed by banks at 0 percent from Govt

but banks won’t lend unless 29.99 percent

you are a risk

we need to protect ourselves—

we  alone, are allowed to gamble

take risks with depositer’s money ….. bundle dreams and sell them down the river

make money off fees

short-term payoff,

long-term— — —

empty houses

2 per street

people on the street, their homes sitting empty

communities crumbling

no residents

no revenue

banks won’t re-adjust

even if the government says ” It is a must, that’s why we bailed you out gave you money to lend, gave you money at zip interest! “

we’re not interested they say

the fees are our horn of plenty, our horn of plenty

please lend us more money (Mr. Government, at zip percent )

We will remember you at x-mas time! We promise and big banks always remember…..

__________________________________

My neighborhood once solidly middle class now has on avg. 2 empty houses per street, this in a community where you rarely saw a for sale sign for fifty years. And houses are still falling homeowners are still being thrown out onto the street while their homes are empty and begin to decay. 

This is happening across the United States Of America.

Tomorrow the SOLUTION, it is so easy it makes me cry!

_____________________________

Below article from www.altnet.com

Investigations  –

Very Bad Things Happen When We Depend on the Same People Who Caused the Foreclosure Crisis to Track Its Destruction

There is not a single federal agency that has tracked foreclosures comprehensively, a massive information gap that prevents the work of journalists, advocates and policymakers alike.
August 5, 2012  |  
 
 
 It’s a simple set of questions: “How many foreclosed properties are there in the country? What zip codes are they in? What factors sent people’s homes underwater?” For policy makers, journalists or anyone trying to size up or address the years-old housing crisis, these questions present the natural place to start. But their answers don’t quite exist.  
In Chicago, for example, the city’s official vacant property count, which relies on the banks’ reporting, hovers just under 5,000. The Chicago Tribune estimates 18,000. Housing activists say there are well over 100,000.   
 
See www.altnet.com for full article
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