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The "Wizards of Smart" Strike Again - RF Cafe Forums
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Kirt Blattenberger
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Post subject: The "Wizards of Smart" Strike Again
Posted: Wed Sep 08, 2010 10:28 am
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Site Admin |
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Joined: Sun Aug 03, 2003 2:02 pm Posts: 878
Location: Erie, PA |
Greetings: Last week, I was talking on the phone to a realtor friend in
Colorado Springs, CO, regarding the housing market there. He reported that as in most
areas, things don't look good, and that foreclosures fill the listings of for-sale homes.
I asked about whether the "walk away" phenomenon was common there, and he replied that
people were stopping payments on their mortgages, but that rather than "walking away,"
they were staying put in their houses... without paying a dime. Why should
they? Here is what is happening in COS: After some time of non-payment
and multiple threats of foreclosure, the banks finally initiate the foreclosure process,
and put the house up for sale. All the while the squatters are permitted to remain in
the house at no cost. They don't even pay the property tax because they know that the
bank will ultimately be liable for paying the bill. Then - here's the utterly
outrageous part - once the house finally sells, the bank pays a real estate agent a
fixed fee to visit the house to see if it has been vacated yet. If not yet vacated,
and they almost never are, the bank then pays the agent to go back to the house, knock
on the door, and hand the law-breaking squatter a check for a couple thousand dollars
to leave within a prescribed amount of time, and to promise not to destroy the property
on the way out. Yup, that's right. Now, not only are these cretins living
scot-free while we tax payers ultimately pick up the tab via the TARP boondoggle, but
then they get paid, again by us, to finally leave. Word is out on the street that this
is how the game is played. If it's happening in Colorado Springs, it's happening in
your town as well. Holy crap! What kind of
society have we created?????
***holes in Congress dream up these schemes along with their "wizards of smart" advisors
in order to suck up to a certain voter base, and then when it all fails they blame it
on the dolts that were stupid enough to participate. Meanwhile, the same crop of politicians
who claim to want to punish the bankers and financial gurus pass more laws to print
money at Treasury and funnel it to those same bankers and financial gurus. Trillion$
of new dollar$ are created from thin air and handed out, while each new dollar printed
dilutes the value of the dollars in our pockets. Billions have already
gone to prop up foreign banks that we convinced to play along, and now there is news
that the U.S. will likely be guaranteeing banks in Afghanistan! Again, Holy crap!!!!
_________________ - Kirt Blattenberger
RF Cafe Progenitor & Webmaster
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James King
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Post subject: Re: The "Wizards of Smart" Strike Again
Posted: Wed Sep 22, 2010 11:18 am
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Captain |
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Joined: Sun Aug 31, 2003 3:20 pm Posts: 12
Location: Midwest |
I tried selling real estate a few years back when I couldn't get an engineering job
and didn't want to relocate since the kids are in a good school here. Man, I
have to say real estate agents are some of the biggest egotists I have ever seen...
especially for a group who barely got out of high school. These fools can't write
coherent sentences and their basic math skills are atrocious. If it weren't for computers
doing everything for them, they'd never be able to survive a settlement process. In
fact, it's the lawyers' office that do the real number crunching for them. Most agents
don't even know the basics of property tax structures or banking practices.
Take
a look at the listings on Realtor.com and note how ignorantly data is entered. Half
the photos look like they were taken with a 1 Mpx cell phone camera, and almost none
of them have been edited for cropping, contrast, or color adjustment. Again, these people
are the stupid of the earth, so remember that when you deal with them. To their
advantage, most of the people who qualified for the loans being given to unqualified
Illegals and poverty level customers are actually stupider than they are, so I'm sure
that's partly what fuels their sense of superiority. Anyway, a few months after
getting my license I found a great test engineering job locally. It's not design, but
the pressure is a whole lot less. Thank god I no longer have to share office space with
the realtor dimwits!
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Posted 11/12/2012/span>
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Copyright: 1996 - 2024
Webmaster:
Kirt
Blattenberger,
BSEE - KB3UON
RF Cafe began life in 1996 as "RF Tools" in an AOL screen name web space totaling
2 MB. Its primary purpose was to provide me with ready access to commonly needed
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design engineer. The World Wide Web (Internet) was largely an unknown entity at
the time and bandwidth was a scarce commodity. Dial-up modems blazed along at 14.4 kbps
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All trademarks, copyrights, patents, and other rights of ownership to images
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