Foreclosure Quotes

Those who fail to exhibit positive attitudes, no matter the external reality, are seen as maladjusted and in need of assistance. Their attitudes need correction. Once we adopt an upbeat vision of reality, positive things will happen. This belief encourages us to flee from reality when reality does not elicit positive feelings. These specialists in "happiness" have formulated something they call the "Law of Attraction." It argues that we attract those things in life, whether it is money, relationships or employment, which we focus on. Suddenly, abused and battered wives or children, the unemployed, the depressed and mentally ill, the illiterate, the lonely, those grieving for lost loved ones, those crushed by poverty, the terminally ill, those fighting with addictions, those suffering from trauma, those trapped in menial and poorly paid jobs, those whose homes are in foreclosure or who are filing for bankruptcy because they cannot pay their medical bills, are to blame for their negativity. The ideology justifies the cruelty of unfettered capitalism, shifting the blame from the power elite to those they oppress. And many of us have internalized this pernicious message, which in times of difficulty leads to personal despair, passivity and disillusionment.

I am now 33 years old, and it feels like much time has passed and is passing faster and faster every day. Day to day I have to make all sorts of choices about what is good and important and fun, and then I have to live with the forfeiture of all the other options those choices foreclose. And I'm starting to see how as time gains momentum my choices will narrow and their foreclosures multiply exponentially until I arrive at some point on some branch of all life's sumptuous branching complexity at which I am finally locked in and stuck on one path and time speeds me through stages of stasis and atrophy and decay until I go down for the third time, all struggle for naught, drowned by time. It is dreadful. But since it's my own choices that'll lock me in, it seems unavoidable--if I want to be any kind of grownup, I have to make choices and regret foreclosures and try to live with them.

The Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.

So here’s to our blistered feet. Here’s to my whimpering knees, your weary shoulders. Here is the foreclosure of my shame and here is our brokenness. Look at us being so damn human: yes, it happened, yes, it was not our most graceful unfolding, and yes, we were both so present the whole time.

Oh, and 13.1 million American people had their homes foreclosed. Because their debt, it turns out, was real; it was only the debt within the financial sector that was imaginary. It was only the people who generated the crisis who got three magical wishes from an economic genie. There was no abracadabra for ordinary people; they just got abraca-fucked.

It is hard to work your day job and spend a ton of hours on your business, but it is harder to make a mistake and lose your home in foreclosure because you jumped before the boat was close enough to the dock.

At the Unitarian Universalist Christmas pageant in Cambridge, Massachusetts, it didn't matter that Mary insisted on keeping her nails painted black or that Joseph had come out of the closet. On December 25 at seven and nine p.m., three wise women would follow the men down the aisle -- one wearing a kimono and another, African garb; instead of myrrh they would bring chicken soup, instead of frankincense they'd play lullabies. The shepherds had a line on protecting the environment and the innkeeper held a foreclosure sign. No one quite believed in God and no one quite didn't -- so they made it about the songs and the candles and the pressing together of bodies on lacquered wooden pews.

Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.

By late 2008, one out of every five mortgage holders owed more than their homes were worth. The banks called in the loans, and the foreclosure notices piled up.

Day to day I have to make all sorts of choices about what is good and important and fun, and then I have to live with the forfeiture of all the other options those choices foreclose. And I’m starting to see how as time gains momentum my choices will narrow and their foreclosures multiply exponentially until I arrive at some point on some branch of all life’s sumptuous branching complexity at which I am finally locked in and stuck on one path and time speeds me through stages of stasis and atrophy and decay until I go down for the third time, all struggle for naught, drowned by time.

The great enemy of grace is the strict accounting of our sin and corruption that when added up totals such a staggering debt that no person without faith in the sure promises of God would ever dare calculate that anything good awaits him and would further be convinced that all that does lie ahead is a complete foreclosure of his soul and all its contents. Pliable,

One in two recently evicted mothers reports multiple symptoms of clinical depression, double the rate of similar mothers who were not forced from their homes. Even after years pass, evicted mothers are less happy, energetic, and optimistic than their peers. When several patients committed suicide in the days leading up to their eviction, a group of psychiatrists published a letter in Psychiatric Services, identifying eviction as a “significant precursor of suicide.” The letter emphasized that none of the patients were facing homelessness, leading the psychiatrists to attribute the suicides to eviction itself. “Eviction must be considered a traumatic rejection,” they wrote, “a denial of one’s most basic human needs, and an exquisitely shameful experience.” Suicides attributed to evictions and foreclosures doubled between 2005 and 2010, years when housing costs soared.

since it’s my own choices that’ll lock me in, it seems unavoidable—if I want to be any kind of grownup, I have to make choices and regret foreclosures and try to live with them.

People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the Hamptons through a crude fraud scheme that decimated their retirement funds, caused property values in their neighborhoods to collapse and caused over four million people to be put in foreclosure.

To say that I am living on borrowed time would be not merely a cliché but also an understatement. My entire life has been a heavily mortgaged enterprise. But so is yours. Eventual foreclosure awaits all of us. More likely than not, I’ll receive my notice before you do, though yours, too, is in the mail. Nevertheless, until the postman comes, be happy. There is no other rational response but happiness. Despair is a foolish squandering of precious time.

The foreclosure of a 320-acre wheat farm in Springfield, Colorado, was interrupted by 200 angry farmers, who had to be dispersed by tear gas and Mace.

Journeys cause you to put your status quo self into foreclosure and put a down payment on your truest self.

The pain and shame felt are unknown to those with planned vacations. They know not of the tsunami that rescinded the homes, goals, and hopes of its victims—swallowed by the sea of greed.

The Apperleys weren’t the only foreclosure victims I found in the ranks of Amazon’s CamperForce. I spoke with dozens of workers in Nevada, Kansas, and Kentucky. Tales of money trouble were rampant.

I don’t give up on anything! I fight to the very end no matter how many setbacks I may have. Even if you fail, don’t give up! With each failure, you are only one step away from victory. Failure allows us to learn, so while you may encounter failure, use the experience positively and believe in your success.

I am now 33 years old, and it feels like much time has passed and is passing faster and faster every day. Day to day I have to make all sorts of choices about what is good and important and fun, and then I have to live with the forfeiture of all the other options those choices foreclose. And I’m starting to see how as time gains momentum my choices will narrow and their foreclosures multiply exponentially until I arrive at some point on some branch of all life’s sumptuous branching complexity at which I am finally locked in and stuck on one path and time speeds me through stages of stasis and atrophy and decay until I go down for the third time, all struggle for naught, drowned by time. It is dreadful. But since it’s my own choices that’ll lock me in, it seems unavoidable—if I want to be any kind of grownup, I have to make choices and regret foreclosures and try

Traditional marriage was obviously not fit for purpose, and almost ubiquitously ended in one kind of failure or another, but at least it was an effort at something, and not just a sad sterile foreclosure on the possibility of life.

When the first of us failed at growing or herding or plowing the fields, we were told that we could sign a piece of paper and get money for the land, without anyone taking it. Mortgage, this was called, a piece of banker’s cleverness that sounded good to many. I spoke against this trick, but who listened to Nanapush? People signed the paper, got money, came home night after night full of whiskey and food. Suddenly the foreclosure notices were handed out and the land was barred. It belonged to someone else.

We’ve upgraded our service, too!” Tempest boasted. I forced myself to focus on her eye sockets. “How?” “You can use our app!” she said. “You don’t have to summon us with gold coins anymore!” She pointed to a sign on the Plexiglas partition. Apparently, I could now link my favorite magic weapon to their cab and pay via virtual drachma using something called GRAY RYYD. I shuddered to think what the Arrow of Dodona might do if I allowed it to make online purchases. If I ever got back to Olympus, I’d find my accounts frozen and my palace in foreclosure because the arrow had bought every known copy of Shakespeare’s First Folio. “Cash is fine,” I said. Wasp grumbled to Anger, “You and your predictions. I told you the app was a stupid idea.” “Stopping for Apollo was stupider,” she muttered back. “That was your prediction.” “You’re both stupid!” snapped Tempest. “That’s my prediction!

Doubting yourself can be the biggest factor in holding yourself back. If you don't believe in yourself and send messages to yourself that you can't do this, or you will never be able to do this, you won't be successful. If you carry this attitude with you, then no, you won't be successful. Change your thinking! Change is not always easy, but once you change your thinking from negative to positive, your doubts begin to go away and you begin to manifest the positive. Don’t doubt yourself!

‎"The indictment [the Western/modern question, 'Why be moral?'] also issued from a gross underrating of the 'moral' force that was regarded within the Islamic tradition as an essential and integral part of the 'law.' At the foundation of this underrating stood the observer's ideological judgement about religion (at least the Islamic religion), a judgment of repugnance, especially when religion as a moral and theological force is seen to be fused with law. The judgement, in other words, undercuts a proper apprehension of the role of modernity as a legal form, of its power and force. Historical evidence [in modernity/Enlightenment thought and its intellectual progeny] was thus made to fit into what makes sense to us, not what made sense to a culture that defined itself -- systematically, teleologically, and existentially -- in different terms. This entrenched repugnance for the religious -- at least in this case to the 'Islamic' in Muslim societies -- amounted, in legal terms, to the foreclosure of the possibility of considering the force of the moral within the realm of the legal, and vice versa. Theistic teleology, eschatology, and socially grounded moral gain, status, honor, shame, and much else of a similar type were reduced in importance, if not totally set aside, in favor of other explanations that 'fit better' within our preferred, but distinctively modern, countermoral systems of value. History was brought down to us, to the epistemological here and now, according to our own terms, when in theory no one denies that it was our historiographical set of terms that ought to have been subordinated to the imperatives of historical writing.

In order to be a successful Investor you have to think positive, believe in yourself, and never give up!

People had been losing their jobs in large numbers. Home foreclosures were up. Life savings had been decimated. A lot of people felt like they had been hit by a double bird strike in their own lives. But Flight 1549 had shown people that there are always further actions you can take. There are ways out of the tightest spots. We as individuals, and as a society, can find them.

We all have the ability to be successful. But the truth about success is that it starts from within you. It starts by changing your internal thoughts about how you feel. Once you do that, the world is in your hands. You literally have the ability to have anything you want as long as your internal thoughts truly reflect what you want in your life and what you believe you can achieve.

In just a few years, the time-tested practices of the entire lending industry had been abandoned under government pressure. One in five mortgages were now financed by subprime loans, and loans with no money down had risen to nearly 14% of all mortgages.39 Denying the laws of financial gravity was not a practice that could go on indefinitely, and it soon led to a tidal wave of home foreclosures across the United States.

It was during my explanation to my young daughter that I finally realized why I had been drawn to this particular practice of law. Yes, some of my clients were just gaming the system. They were charlatans no better than the banks they were taking on. But some of mu clients were downtrodden and disadvantaged. They were true underdogs in society and I wanted to stand for them and keep them in their homes for as long as I possibly could.

Real communication among singularities in networks thus requires an encampment. This is the kind of self-learning experience and knowledge production that takes place, for example, in student occupations. The moment feels magical and enlightening because in being together a collective intelligence and a new kind of communication are constructed. In the occupied squares of 2011, from Tahrir to Puerta del Sol to Zuccotti Park, new truths were produced through discussion, conflict, and consensus in assemblies. Working groups and commissions on topics from housing rights and mortgage foreclosures to gender relations and violence function as both self-learning experiences and means to spread knowledge production. Anyone who has lived through such an encampment recognizes how new knowledges and new political affects are created in the corporeal and intellectual intensity of the interactions.

Funny how such innocuous details—the red blip of a voicemail, the single-page letter from a bank requesting a meeting to discuss the foreclosure, the subtle appearance of moving boxes in the garage—can upend your world. Unlike monsters or faeries or kidnappers, you never see these details coming. They don't draw blood or leave visible scars or bruises. You can't fight against them or use magick to fix them. You can only wait to see if you survive them.

Neofeudalism: Much as warlords seized land in the Norman Conquest and levied rent on subject populations (starting with the Domesday Book, the great land census of England and Wales ordered by William the Conqueror), so today’s financialized mode of warfare uses debt leverage and foreclosure to pry away land, natural resources and economic infrastructure. The commons are privatized by bondholders and bankers, gaining control of government and shifting taxes onto labor and small-scale industry. Household accounts, corporate balance sheets and public budgets are earmarked increasingly to pay real estate rent, monopoly rent, interest and financial fees, and to bear the taxes shifted off rentier wealth. The rentier oligarchy makes itself into a hereditary aristocracy lording it over the population at large from gated communities that are the modern counterpart to medieval castles with their moats and parapets.

A nice idea, but here’s how it worked out in practice: a bank arm that specialized in mortgage lending started the homeowner on lower payments; an arm of the same bank that specialized in foreclosures then noticed that the homeowner was suddenly paying less, declared them in default, and seized the home. “No one imagined silos like that inside banks,” a government adviser said later. Overspecialization can lead to collective tragedy even when every individual separately takes the most reasonable course of action.

SUSAN’S STORY OF cascading loss and downward mobility has been replicated millions of times across the American landscape due to the financial industry’s actions in the 2000s. While the country’s GDP and employment numbers rebounded before the pandemic struck another blow, the damage at the household level has been permanent. Of families who lost their houses through dire events such as job loss or foreclosure, over two-thirds will probably never own a home again. Because of our globally interconnected economy, the Great Recession altered lives in every country in the world. And all of it was preventable, if only we had paid attention earlier to the financial fires burning through Black and brown communities across the nation. Instead, the predatory practices were allowed to continue until the disaster had engulfed white communities, too—and only then, far too late, was it recognized as an emergency. There is no question that the financial crisis hurt people of color first and worst. And yet the majority of the people it damaged were white. This is the dynamic we’ve seen over and over again throughout our country’s history,

Frank Baum’s book the Wonderful Wizard of Oz, which appeared in 1990, is widely recognized to be a parable for the Populist campaign of William Jennings Bryan, who twice ran for president on the Free Silver platform- vowing to replace the gold standard with a bimetallic system that would allow the free creation of silver money alongside gold. As with the Greenbackers, one of the main constituencies for the movement was debtors: particularly, Midwestern farm families such as Dorothy’s, who had been facing a massive wave of foreclosures during the severe recession of the 1890s. According to the Populist reading, the Wicked Witches of the East and West represent the East and West Coast bankers (promoters of and benefactors from the tight money supply), the Scarecrow represented the farmers (who didn’t have the brains to avoid the debt trap), the Tin Woodsman was the industrial proletariat (who didn’t have the heart to act in solidarity with the farmers), the Cowardly Lion represented the political class (who didn’t have the courage to intervene). The yellow brick road, silver slippers, emerald city, and hapless Wizard presumably speak for themselves. “Oz” is of course the standard abbreviation for “ounce.

Who in the world relies on me for anything? No one. I can blame myself, and I do, but I also think the failure is general. People our age used to get married and have children and conduct love affairs, and now everyone is still single at thirty and lives with housemates they never see. Traditional marriage was obviously not fit for purpose, and almost ubiquitously ended in one kind of failure or another, but at least it was an effort at something, and not just a sad sterile foreclosure on the possibility of life. Of course if we all stay alone and practise celibacy and carefully police our personal boundaries, many problems will be avoided, but it seems we will also have almost nothing left that makes life worthwhile. I guess you could say the old ways of being together were wrong—they were!—and that we didn’t want to repeat old mistakes—we didn’t. But when we tore down what confined us, what did we have in mind to replace it? I offer no defence of coercive heterosexual monogamy, except that it was at least a way of doing things, a way of seeing life through. What do we have now? Instead? Nothing. And we hate people for making mistakes so much more than we love them for doing good that the easiest way to live is to do nothing, say nothing, and love no one.

We cannot pick and choose whom among the oppressed it is convenient to support. We must stand with all the oppressed or none of the oppressed. This is a global fight for life against corporate tyranny. We will win only when we see the struggle of working people in Greece, Spain, and Egypt as our own struggle. This will mean a huge reordering of our world, one that turns away from the primacy of profit to full employment and unionized workplaces, inexpensive and modernized mass transit, especially in impoverished communities, universal single-payer health care and a banning of for-profit health care corporations. The minimum wage must be at least $15 an hour and a weekly income of $500 provided to the unemployed, the disabled, stay-at-home parents, the elderly, and those unable to work. Anti-union laws, like the Taft-Hartley Act, and trade agreements such as NAFTA, will be abolished. All Americans will be granted a pension in old age. A parent will receive two years of paid maternity leave, as well as shorter work weeks with no loss in pay and benefits. The Patriot Act and Section 1021 of the National Defense Authorization Act, which permits the military to be used to crush domestic unrest, as well as government spying on citizens, will end. Mass incarceration will be dismantled. Global warming will become a national and global emergency. We will divert our energy and resources to saving the planet through public investment in renewable energy and end our reliance on fossil fuels. Public utilities, including the railroads, energy companies, the arms industry, and banks, will be nationalized. Government funding for the arts, education, and public broadcasting will create places where creativity, self-expression, and voices of dissent can be heard and seen. We will terminate our nuclear weapons programs and build a nuclear-free world. We will demilitarize our police, meaning that police will no longer carry weapons when they patrol our streets but instead, as in Great Britain, rely on specialized armed units that have to be authorized case by case to use lethal force. There will be training and rehabilitation programs for the poor and those in our prisons, along with the abolition of the death penalty. We will grant full citizenship to undocumented workers. There will be a moratorium on foreclosures and bank repossessions. Education will be free from day care to university. All student debt will be forgiven. Mental health care, especially for those now caged in our prisons, will be available. Our empire will be dismantled. Our soldiers and marines will come home.

The prophet spoke of the Harbingers as symbols. That was a clue. The World Trade Center was a symbol of America’s global financial and economic power. So what would such a fall foreshadow? “An economic…fall?” “As in a financial and economic collapse.” “The collapse that began the Great Recession?” “Yes.” “The collapse of the American and global economy is connected to 9/11?” “Yes.” “But how?” “It all goes back to the prophecy…everything—the collapse of Wall Street, the rise and fall of the credit market, the war in Iraq, the collapse of the housing market, the foreclosures, the defaults, the bankruptcies, the government takeovers—everything—politics, foreign policy, world history—everything that happened after. It all goes back to the prophecy and to the ancient mystery.

The Debt Snowball method requires you to list all your debts in order of smallest payoff balance to largest. List all your debts except your home; we will get to it in another step. List all of your debts—even loans from Mom and Dad or medical debts that have zero interest. I don’t care if there is interest or not. I don’t care if some have 24 percent interest and others 4 percent. List the debts smallest to largest! If you were so fabulous with math, you wouldn’t have debt, so try this my way. The only time to pay off a larger debt sooner than a smaller one is some kind of big-time emergency such as owing the IRS and having them come after you, or in situations where there will be a foreclosure if you don’t pay it off. Otherwise, don’t argue about it; just list the debts smallest to largest.

Although I do not fully follow Benjamin to his anarchist conclusion, I do agree with his contention that we cannot simply assume a definition of violence and then begin our moral debates about justification without first critically examining how violence has been circumscribed, and which version is presumed in the debate in question. A critical procedure would ask as well about the very justificatory scheme at work in such a debate, its historical origins, its presuppositions and foreclosures. The reason we cannot start by stating what kind of violence is justified and what is not is that “violence” is from the start defined within certain frameworks and comes to us always already interpreted, “worked over” by its frame. We can hardly be for or against something whose very definition eludes us, or that appears in contradictory ways for which we have no account.

Moreover, fantasy is part of the articulation of the possible; it moves us beyond what is merely actual and present into a realm of possibility, the not yet actualized or the not actualizable. The struggle to survive is not really separable from the cultural life of fantasy, and the foreclosure of fantasy-through censorship, degradation, or other means-is one strategy for providing for the social death of persons. Fantasy is not the opposite of reality; it is what reality forecloses, and, as a result, it defines the limits of reality, constituting it as its constitutive outside. The critical promise of fantasy, when and where it exists, is to challenge the contingent limits of what will and will not be called reality. Fantasy is what allows us to imagine ourselves and others otherwise; it establishes the possible in excess of the real; it points elsewhere, and when it is embodied, it brings the elsewhere home.

The school bus didn't actually go all the way out to the edge of Canyon Shadows, where Boris lived. It was a twenty minute walk to his house from the last stop, in blazing heat, through streets awash with sand. Though there were plenty of Foreclosure and "For Sale" signs on my street (at night, the sound of a car radio travelled for miles) — still, I was not aware quite how eerie Canyon Shadows got at its farthest reaches: a toy town, dwindling out at desert's edge, under menacing skies. Most of the houses looked as if they had never been lived in. Others — unfinished — had raw-edged windows without glass in them; they were covered with scaffolding and grayed with blown sand, with piles of concrete and yellowing construction material out front. The boarded-up windows gave them a blind, battered, uneven look, as of faces beaten and bandaged. As we walked, the air of abandonment grew more and more disturbing, as if we were roaming some planet depopulated by radiation or disease.

The school bus didn't actually go all the way out to the edge of Canyon Shadows, where Boris lived. It was a twenty minute walk to his house from the last stop, in blazing heat, through streets awash with sand. Though there were plenty of Foreclosure and "For Sale" signs on my street (at night, the sound of a car radio travelled for miles) -- still, I was not aware quite how eerie Canyon Shadows got at its farthest reaches: a toy town, dwindling out at desert's edge, under menacing skies. Most of the houses looked as if they had never been lived in. Others -- unfinished -- had raw-edged windows without glass in them; they were covered with scaffolding and grayed with blown sand, with piles of concrete and yellowing construction material out front. The boarded-up windows gave them a blind, battered, uneven look, as of faces beaten and bandaged. As we walked, the air of abandonment grew more and more disturbing, as if we were roaming some planet depopulated by radiation or disease.

Those captivated by the cult of celebrity do not examine voting records or compare verbal claims with written and published facts and reports. The reality of their world is whatever the latest cable news show, political leader, advertiser, or loan officer says is reality. The illiterate, the semiliterate, and those who live as though they are illiterate are effectively cut off from the past. They live in an eternal present. They do not understand the predatory loan deals that drive them into foreclosure and bankruptcy. They cannot decipher the fine print on the credit card agreements that plunge them into unmanageable debt. They repeat thought-terminating clichés and slogans. They are hostage to the constant jingle and manipulation of a consumer culture. They seek refuge in familiar brands and labels. They eat at fast-food restaurants not only because it is cheap, but also because they can order from pictures rather than from a menu. And those who serve them, also often semiliterate or illiterate, punch in orders on cash registers whose keys are usually marked with pictures. Life is a state of permanent amnesia, a world in search of new forms of escapism and quick, sensual gratification.

Ohio hadn’t gone through the same real estate boom as the Sun Belt, but the vultures had circled the carcasses of dying industrial towns––Dayton, Toledo, Mansfield, Youngstown, Akron––peddling home equity loans and refinancing. All the garbage that blew up in people’s faces the same way subprime mortgages had. A fleet of nouveau riche snake oil salesmen scoured the state, moving from minority hoods where widowed, churchgoing black ladies on fixed incomes made for easy marks to the white working-class enclaves and then the first-ring suburbs. The foreclosures began to crop up and then turn into fields of fast-moving weeds, reducing whole neighborhoods to abandoned husks or drug pens. Ameriquest, Countrywide, CitiFinancial––all those devious motherfuckers watching the state’s job losses, plant closings, its struggles, its heartache, and figuring out a way to make a buck on people’s desperation. Every city or town in the state had big gangrenous swaths that looked like New Canaan, the same cancer-patient-looking strip mall geography with brightly lit outposts hawking variations on usurious consumer credit. Those entrepreneurs saw the state breaking down like Bill’s truck, and they moved in, looking to sell the last working parts for scrap.

In other words, you need to be a bureaucracy in order to survive one. This is the overwhelming narrative of modern American economics, that the individual, particularly the individual without a lot of money, is inherently overmatched. He’s a loser. And if he falls into any part of the machine, he goes straight to the bottom. And then there’s the most disturbing truth of all. People assume that a system that favors the rich likes rich people. This isn’t true. Our bureaucracies respond to the money rich people have, and they bend to the legal might the rich can hire, but they don’t give a damn about rich people. You can be rich and still fall into any one of a dozen financial/legal meat grinders, from an erroneously collapsed credit score to a robo-signed foreclosure to a stolen identity to a retirement account vaporized by institutional theft and fraud. The system eats up rich people, too, because it’s not concerned with protecting any individuals, even the rich ones. These bureaucracies accomplish just two things: they make small piles of money smaller and big piles of money bigger. It’s a system that doesn’t care whose hands end up holding the bag, or how long those hands get to hold the bag. It just relentlessly creates and punishes losers, who get to sit beneath an ever-narrowing group of winners, who may or may not stay on top for long. What does get preserved, in all cases, is a small constellation of sprawling, interconnected financial companies, whose names and managements may change (Bear becomes Chase, Wachovia becomes Wells Fargo, etc.), but whose entrenched influence remains the same. In other words, this is a machine that loves and protects money but somehow hates all people.

In their ongoing war against evil capitalists, some vengeful Democrats have their eyes on banks, which they blame for making millions of loans that resulted in foreclosures and the 2008 financial crisis. Never mind that it was progressives who forced the government to make these loans to low-income borrowers with poor credit ratings through the Community Reinvestment Act and anti-discrimination laws. They promoted minority home ownership without regard to the owners’ ability to repay, and the result was catastrophic. But being a leftist means never having to say you’re sorry—just pass a misguided policy and blame everyone else when it predictably fails. Democratic Rep. Maxine Waters, emboldened by Democrats recapturing control of the House, issued a stern warning to bankers before the 2019 session began. “I have not forgotten” that “you foreclosed on our houses,” she said, and “had us sign on the line for junk and for mess that we could not afford. I’m going to do to you what you did to us.”62 How’s that for good governance—using her newfound power as incoming chairwoman of the House Financial Services Committee to punish bank executives for the disaster she and her fellow Democrats caused? Waters is also targeting corporations for allegedly excluding minorities and women from executive positions. Forming a new subcommittee on diversity and inclusion, she immediately held a hearing to discuss the importance of examining the systematic exclusion of women, people of color, persons with disabilities, gays, veterans, and other disadvantaged groups.63 Why concentrate on policies to stimulate economic growth and improve people’s standards of living when you can employ identity politics to demonize your opponents?

Here are the top three warning signs [you're at risk of foreclosure]: * You used to think nobody cared when your phone rarely rang. Then you missed a couple of house payments. * You're glad gas prices have fallen so you can afford it if you have to move into your car. * You're ready to say, "Let's make a deal" and trade your upside-down house for whatever's behind Door #3.

other times these payments were not applied in a timely manner so as to render the payment ‘late.’ By not applying the payment in a timely manner, BoA could disqualify otherwise qualified homeowners from securing a permanent HAMP modification. Mackler at times

On the first day of the meeting that would become known as the United States Constitutional Convention, Edmund Randolph of Virginia kicked off the proceedings. Addressing his great fellow Virginian General George Washington, victorious hero of the War of Independence, who sat in the chair, Randolph hoped to convince delegates sent by seven, so far, of the thirteen states, with more on the way, to abandon the confederation formed by the states that had sent them—the union that had declared American independence from England and won the war—and to replace it with another form of government. “Our chief danger,” Randolph announced, “arises from the democratic parts of our constitutions.” This was in May of 1787, in Philadelphia, in the same ground-floor room of the Pennsylvania State House, borrowed from the Pennsylvania assembly, where in 1776 the Continental Congress had declared independence. Others in the room already agreed with Randolph: James Madison, also of Virginia; Robert Morris of Pennsylvania; Gouverneur Morris of New York and Pennsylvania; Alexander Hamilton of New York; Washington. They wanted the convention to institute a national government. As we know, their effort was a success. We often say the confederation was a weak government, the national government stronger. But the more important difference has to do with whom those governments acted on. The confederation acted on thirteen state legislatures. The nation would act on all American citizens, throughout all the states. That would be a mighty change. To persuade his fellow delegates to make it, Randolph was reeling off a list of what he said were potentially fatal problems, urgently in need, he said, of immediate repair. He reiterated what he called the chief threat to the country. “None of the constitutions”—he meant those of the states’ governments—“have provided sufficient checks against the democracy.” The term “democracy” could mean different things, sometimes even contradictory things, in 1787. People used it to mean “the mob,” which historians today would call “the crowd,” a movement of people denied other access to power, involving protest, riot, what recently has been called occupation, and often violence against people and property. But sometimes “democracy” just meant assertive lawmaking by a legislative body staffed by gentlemen highly sensitive to the desires of their genteel constituents. Men who condemned the working-class mob as a democracy sometimes prided themselves on being “democratical” in their own representative bodies. What Randolph meant that morning by “democracy” is clear. When he said “our chief danger arises from the democratic parts of our constitutions,” and “none of the constitutions have provided sufficient checks against the democracy,” he was speaking in a context of social and economic turmoil, pervading all thirteen states, which the other delegates were not only aware of but also had good reason to be urgently worried about. So familiar was the problem that Randolph would barely have had to explain it, and he didn’t explain it in detail. Yet he did say things whose context everyone there would already have understood.

In Milwaukee, a city of fewer than 105,000 renter households, landlords evict roughly 16,000 adults and children each year. That's sixteen families evicted through the court system daily. But there are other ways, cheaper and quicker ways, for landlords to remove a family than through court order. Some landlords pay tenants a couple hundred dollars to leave by the end of the week. Some take off the front door. Nearly half of all forced moves experienced by renting families in Milwaukee are 'informal evictions' that take place in the shadow of the law. If you count all forms of involuntary displacement - formal and informal evictions, landlord foreclosures, building condemnations - you discover that between 2009 and 2011 more than 1 in 8 Milwaukee renters experienced a forced move. There is nothing special about Milwaukee when it comes to eviction. The numbers are similar in Kansas City, Cleveland, Chicago, and other cities. In 2013, 1 in 8 poor renting families nationwide were unable to pay all of their rent, and a similar number thought it was likely they would be evicted soon. This book is set in Milwaukee, but it tells an American story.

Eviction must be considered a traumatic rejection,” they wrote, “a denial of one’s most basic human needs, and an exquisitely shameful experience.” Suicides attributed to evictions and foreclosures doubled between 2005 and 2010, years when housing costs soared.18

Since the start of his presidency, Barack had asked his correspondence staff to include ten letters or messages from constituents inside his briefing book, selected from the roughly fifteen thousand letters and emails that poured in daily. He read each one carefully, jotting responses in the margins so that a staffer could prepare a reply or forward a concern on to a cabinet secretary. He read letters from soldiers. From prison inmates. From cancer patients struggling to pay health-care premiums and from people who’d lost their homes to foreclosure. From gay people who hoped to be able to legally marry and from Republicans who felt he was ruining the country. From moms, grandfathers, and young children. He read letters from people who appreciated what he did and from others who wanted to let him know he was an idiot. He read all of it, seeing it as part of the responsibility that came with the oath. He had a hard and lonely job—the hardest and loneliest in the world, it often seemed to me—but he knew that he had an obligation to stay open, to shut nothing out. While the rest of us slept, he took down the fences and let everything inside.

The last bit of work he did, usually at some hour past midnight, was to read letters from American citizens. Since the start of his presidency, Barack had asked his correspondence staff to include ten letters or messages from constituents inside his briefing book, selected from the roughly fifteen thousand letters and emails that poured in daily. He read each one carefully, jotting responses in the margins so that a staffer could prepare a reply or forward a concern on to a cabinet secretary. He read letters from soldiers. From prison inmates. From cancer patients struggling to pay health-care premiums and from people who’d lost their homes to foreclosure. From gay people who hoped to be able to legally marry and from Republicans who felt he was ruining the country. From moms, grandfathers, and young children. He read letters from people who appreciated what he did and from others who wanted to let him know he was an idiot. He read all of it, seeing it as part of the responsibility that came with the oath. He had a hard and lonely job—the hardest and loneliest in the world, it often seemed to me—but he knew that he had an obligation to stay open, to shut nothing out. While the rest of us slept, he took down the fences and let everything inside.

Black the Knife, down without a fight A termite, a flea bite, Got stage fright, no right to life Boy’s an absentee, a detainee, no number on his caller ID Nobody home at the addressee His time is passed, miscast, outta gas, second class In foreclosure, never sober, I’m in clover, I’m taking over. “Makes

These days, there are sheriff squads whose full-time job is to carry out eviction and foreclosure orders. There are moving companies specializing in evictions, their crews working all day, every weekday. There are hundreds of data-mining companies that sell landlords tenant screening reports listing past evictions and court filings.2 These days, housing courts swell, forcing commissioners to settle cases in hallways or makeshift offices crammed with old desks and broken file cabinets—and most tenants don’t even show up. Low-income families have grown used to the rumble of moving trucks, the early-morning knocks at the door, the belongings lining the curb. Families

When several patients committed suicide in the days leading up to their eviction, a group of psychiatrists published a letter in Psychiatric Services, identifying eviction as a “significant precursor of suicide.” The letter emphasized that none of the patients were facing homelessness, leading the psychiatrists to attribute the suicides to eviction itself. “Eviction must be considered a traumatic rejection,” they wrote, “a denial of one’s most basic human needs, and an exquisitely shameful experience.” Suicides attributed to evictions and foreclosures doubled between 2005 and 2010, years when housing costs soared.18

Although white women as a group lost the most in welfare reform, they got the one bone that's always been thrown to white working- and middle-class people in the United States: the opportunity to feel they were morally superior to people of color.

Teen pregnancy is not in itself a problem, although it is a marker of a problem in a society where good jobs are distributed almost exclusively to people who go through a long period of higher education. When girls believe, correctly, that neither they nor their children would be better off if they waited until their twenties to have their children, it means their opportunities are slim indeed. And that - rather than worries about sexually active girls - should trouble us a great deal.

The irony is that only by a particularly narrow definition does a Walmart job get you off welfare - as a matter of policy, Walmart encourages its employees to apply for government benefits. Indeed, Walmart and other minimum wage workers at McDonald's and similar McJobs are the largest group of Medicaid and food stamps recipients in the United States. That is to say, US taxpayers subsidize Walmart paychecks (and corporate profits) by paying welfare benefits to its workers and their children. Welfare reform eliminated virtually all education and job-training benefits beyond "work readiness" classes that taught women to dress nicely and get their kids up early. The result: women couldn't get the education to get a good job and they were still receiving welfare benefits, but they could be counted on to clock regular hours and make profits for their low-paying employers. From welfare reform to Walmart, it was all reproductive politics.

We created HUD512 to help people right here in Austin who find themselves in difficult situations. We're talking about situations like avoiding foreclosure, probate, divorce, bankruptcy, relocation, expensive repairs or any other scenario where selling your house quickly and easily "as is" for cash provides the welcome opportunity to start moving forward in life once again.We buy houses in Austin TX with cash. Sell your house fast with HUD512 - Austin House Buyers.

What are your feelings from Bush to Obama? Besides being responsible for the death of half a million people, I feel like Bush dealt a huge economic and social blow to the USA, one from which we may never fully recover. He directly flushed 3 trillion dollars down the toilet on hopeless, pointlessly destructive wars in Afghanistan and Iraq …and they’re not even over! For years to come, we’ll be paying costs for all the injured veterans (over 50,000) and destabilizing three countries, because you have to look at the impact that the Afghan war has on Pakistan. Bush expanded the use of torture, and created a whole new layer of government bureaucracy (the “Department of Homeland Security”) to spy on Americans. He created Indefinite Detention (at Guantanamo and other US military bases) and expanded the use of executive-ordered assassinations using the new drone technology. On economic issues, his administration allowed corporations to run things and regulate themselves. The agency that was supposed to regulate oil drilling had lobbyist-paid prostitutes sleeping with employees while oil industry lobbyists basically ran the agency. Energy companies like Enron, and the country’s investment banks were deregulated at the end of the Clinton administration and Bush allowed them to run wild. Above all, he was incompetent and appointed some really stupid people to important positions at every level of government. Certainly, Obama has been involved in many of these same activities. A few he’s increased, such as the use of drone assassinations, but most of them he has at least tried to scale back. At the beginning of his first term, he tried to close the Guantanamo prison and have trials for many of the detainees in the United States but conservatives (including many Democrats) stirred up public resistance and blocked this from happening. He tried to get some kind of universal healthcare because over 50 million Americans don’t have health insurance. This is one of the leading causes of personal bankruptcies and foreclosures because someone gets sick in a family, loses their job, loses their health insurance (because American employers are source of most people’s healthcare) and they can’t pay their health bills or their mortgage. Or they use up all their money caring for a sick family member. So many people in the US wanted health insurance reform or single-payer, universal health care similar to what you have in the UK. Members of Obama’s own party (The Democrats) joined with Republicans to narrowly block “The public option” but they managed to pass a half-assed but not-unsubstantial reform of health insurance that would prevent insurers from denying you coverage when you’re sick or have a “preexisting condition.” The minute it was signed into law, Republicans sued in the courts (all the way to the supreme court) and fought, tooth and nail to block its implementation. Same thing with gun control, even as we’re one of the most violent industrial countries in the world. (Among industrial countries, our murder rate is second only to Russia). Obama has managed to withdraw troops from Iraq and Afghanistan over Republican opposition but, literally, everything he tries to do, they blast it in the media and fight it in Congress. So, while I have a lot of criticisms of Obama, he is many orders of magnitude less awful than Bush and many of the positive things he’s tried to do have been blocked. That said, the Democratic and Republican parties agree on more things than they disagree. Both signed off on the Afghan and Iraq wars. Both signed off on deregulation of banks, of derivatives, of mortgage regulations and of the energy and telecom business …and we’ve been living with the consequences ever since. I’m guessing it’s the same thing with Labor and Conservatives in the UK. Labor or Democrats will SAY they stand for certain “progressive” things but they end up supporting the same old crap... (2014 interview with iamhiphop)

The Ticklish Subject shows how today, in spite of the decline of the paternal metaphor and the inefficacy of ethical-political principles, global capitalist relations of production actually structure an ever more prohibitive and homogenized social reality: The true horror lies not in the particular content hidden beneath the universality of global Capital but, rather, in the fact that Capital is effectively an anonymous global machine blindly running its course; that there is in fact no particular Secret Agent animating it. The horror is not the (particular living) ghost in the (dead universal) machine, but the (dead universal) machine in the very heart of each (particular living) ghost. The conclusion to be drawn is thus that the problematic of multiculturalism (the hybrid coexistence of diverse cultural life-worlds) which imposes itself today is the form of appearance of its opposite, of the massive presence of capitalism as global world system: it bears witness to the unprecedented homogenization of today’s world. (Ticklish, p. 218) Multiculturalism – as well as postmodern efforts to reduce truth to “narratives” or “solidarity of belief” – simply further the interests of global capital. Žižek notes wryly that liberal pseudo-leftists really know all of this, but the problem is that they want to maintain their relatively comfortable lifestyles (bought at the expense of suffering in the Third World), and meanwhile to maintain the pose of revolutionary “beautiful souls.” Postmodern “post-politics” replaces the recognition of global ideological divisions with an emphasis on the collaboration of enlightened experts, technocrats, and specialists who negotiate to reach compromises. Such pragmatic “administration of social matters” accepts in advance the very global capitalist framework that determines the profitability of the compromise (Ticklish, p. 199). This suspension of the space for authentic politics leads to what Žižek calls “postmodern racism,” which ignores the universal rights of the political subject, proliferates divisions along cultural lines, and prevents the working class from politicizing its predicament. Even more seriously, according to Žižek, post-politics no longer merely represses the political, but forecloses it. Thus instead of violence as the neurotic “return of the repressed,” we see signs of a new kind of irrational and excessive violence. This new manifestation of violence results from the (psychotic) foreclosure of the Name of the Father that leads to a “return in the Real.” This violence is thus akin to the psychotic passage a l’acte: “a cruelty whose manifestations range from ‘fundamentalist’ racist and/or religious slaughter to the ‘senseless’ outbursts of violence by adolescents and the homeless in our megalopolises, a violence one is tempted to call Id-Evil, a violence grounded in no utilitarian or ideological reason” (Ticklish, p. 198). Where then, is the power to combat such foreclosure? The Ticklish Subject shows that the subversive power of subjectivity arises only when the subject annuls himself as subject: the acknowledgment of the integral division or gap in subjectivity allows the move from subjection to subjective destitution. Insofar as the subject concedes to the inherent failure of symbolic practices, he no longer presupposes himself as a unified subject. He acknowledges the nonexistence of the symbolic big Other and the monstrosity of the Real. Such acceptance involves the full assertion – rather than the effacement – of the gap between the Real and its symbolization. In contrast to the artificial object character of the imaginary capitalist ego, The Ticklish Subject discloses the “empty place” of the subject as a purely structural function, and shows that this functioning emerges only as the withdrawal from one’s substantial identity, as the disintegration of the “self” that is situated and defined within a communal universe of meaning.

I regretted having been unable to develop a more successful government program to prevent the foreclosures that cost millions of Americans their homes.

But once again, Lily Anne proved that she saw things a little more clearly and shrewdly than her dunderheaded father. As I wrestled with all the concepts of foreclosure and moving and personal inconvenience, she cut right to the heart of the matter with an insight that was sharp and compelling. She bounced three times on her powerful little legs and said, “Da. Da da da.” And for emphasis, she reached out and pulled on my earlobe. I

Well, the homes directly across the street are empty because of foreclosures. And it’s a working-class neighborhood. There might not have been many people at the other homes at that time of the morning. And the school is set far enough back that the sounds might not have carried.” “But presumably you had traffic along the street. And kids and teachers at the windows probably screaming their heads off. Cell phones hitting 911. Cruisers rolling. I was at Precinct Two when the guys started pouring out of the place. What is the time to the school from there by car? Fifteen minutes?” “About that, yeah.” “And even if nobody on the outside saw him leave, there had to be eyeballs at the school windows. Kids using phones as cameras. From what I remember, there’s not an exit in this building that’s not visible from some classroom window.” “And you knew this because you, what, snuck out a lot?” “All the time.” “Well, you got me there. I went to high school in the next county. This is your turf, not mine.” “And that still doesn’t cover his ingress. How did he walk in here and no one see him? Even if it was in the rear. There are windows overlooking it.” “Yeah, but the second and third floors are unused.” “But the first floor has windows

After signing a new lease agreement, tenants should be counseled to file [with the county Recorder's Office] a request for notice under CC §2924b. By recording their lease interest and thereby securing their right to be notified of defaults [on the property they lease], tenants position themselves to avoid the unfortunate surprise of discovering only after the property is lost through foreclosure that, despite paying their rent each month, they face possible termination of their tenancy.

If you count all forms of involuntary displacement—formal and informal evictions, landlord foreclosures, building condemnations—you discover that between 2009 and 2011 more than 1 in 8 Milwaukee renters experienced a forced move.

In the November 2010 issue of Rolling Stone, Matt Taibbi reported on the special courts established around the country for the express purpose of streamlining and accelerating foreclosure actions. Presided over by retired judges who were unfamiliar with the complexities involved in the mortgage fraud, these courts were not set up “to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity.” The whole process was designed to transfer the property of ordinary citizens to the nation’s largest banks regardless of entitlement. As Taibbi wrote: The judges, in fact, openly admit that their primary mission is not justice but speed. One Jacksonville [Florida] judge, the Honorable A. C. Soud, even told a local newspaper that his goal is to resolve 25 cases per hour. Given the way the system is rigged, that means His Honor could well be throwing one ass on the street every 2.4 minutes. The following month, the Washington Post reported that similar courts in Virginia were “making it easier for lenders to defend themselves when accused of giving homeowners too little warning of impending foreclosures.” Indeed, “the process moves so quickly in Virginia…that homeowners can receive less than two weeks’ notice that their house is about to be sold on the courthouse steps.” The design of the courts guaranteed that even banks with no legal foreclosure entitlement had an almost insurmountable advantage. In the very short time they were accorded, homeowners seeking to stop foreclosure had to “gather evidence, file a lawsuit and potentially post a bond with the court that could total thousands of dollars.” These arduous requirements, combined with the near-impossible deadlines, meant that many borrowers simply ran out of time when trying to fight invalid foreclosure proceedings. It

Jacksonville [Florida] judge, the Honorable A. C. Soud, even told a local newspaper that his goal is to resolve 25 cases per hour. Given the way the system is rigged, that means His Honor could well be throwing one ass on the street every 2.4 minutes. The following month, the Washington Post reported that similar courts in Virginia were “making it easier for lenders to defend themselves when accused of giving homeowners too little warning of impending foreclosures.” Indeed, “the process moves so quickly in Virginia…that homeowners can receive less than two weeks’ notice that their house is about to be sold on the courthouse steps.” The design of the courts guaranteed that even banks with no legal foreclosure entitlement had an almost insurmountable advantage. In the very short time they were accorded, homeowners seeking to stop foreclosure had to “gather evidence, file a lawsuit and potentially post a bond with the court that could total thousands of dollars.” These arduous requirements, combined with the near-impossible deadlines, meant that many borrowers simply ran out of time when trying to fight invalid foreclosure proceedings. It is hard to imagine a purer expression of two-tiered justice than special courts created for the sole purpose of helping large banks take people’s homes more expeditiously. Such courts show that the legal system not only fails to protect Americans from societal injustice and inequality, but also serves as a tool of injustice and inequality in its own right. Prisons

I asked him what he did. He said his name was John Lord and that he was in the software business. “What kind of software?” I asked. He said that his company’s goal was to make “lawyers obsolete” wherever possible by creating software applications that enable individuals to do more and more legal work without the aid of an attorney. Indeed, Neota Logic, his company, says that its goal is to massively improve access to advice and justice for “the 40+% of Americans who can’t afford an attorney when they need one”—in order to produce wills and basic legal documents and even to handle crucial life events such as home foreclosure, domestic abuse, or child protection. Neota Logic is part of a new strain of software called “expert systems” that aims to identify a large chunk of business that clients need, and that lawyers charge for, but that actually can be done by software: think TurboTax for the legal profession. The company’s website quoted one commentator complaining that Neota Logic’s technology cannot “read between the lines … [or] hold hands and wipe away tears.” To which Neota Logic responded: “You will surely see a press release when we can.” Lord later explained to me that “I have always had a special respect for trial lawyers and hope it will be a long time before algorithms replace them and juries.” Alas, he added, that is “not beyond the realm of possibility of course, but not yet Neota’s mission.” Suddenly I was glad my daughters were not planning to be lawyers.

These days, there are sheriff squads whose full-time job is to carry out eviction and foreclosure orders. There are moving companies specializing in evictions, their crews working all day, every weekday. There are hundreds of data-mining companies that sell landlords tenant screening reports listing past evictions and court filings.2 These days, housing courts swell, forcing commissioners to settle cases in hallways or makeshift offices crammed with old desks and broken file cabinets—and most tenants don’t even show up. Low-income families have grown used to the rumble of moving trucks, the early-morning knocks at the door, the belongings lining the curb.

The primary reason that U.S. infant mortality is so high compared to other countries is that African Americans suffer a staggering rate. If Black America were its own country, it would be ranked between China and Turkey.

the older the students (college students in this study) are the less likely they are to be in foreclosure status. This result is consistent with the author’s previous study (Bang & Montgomery,

Lord guide my steps. Give me wisdom. I don’t want to do things my way. I want to follow your lead. I believe no weapon formed shall prosper. A thousand shall fall by my side ten thousand by my right hand but no foreclosure shall come near my home. This is the last night of my fast. I’m glad that I did it. I know that I have to depend on God. Only He can give me the guidance and support that I need right now.  Thank you Lord.

own trouble he was paying for. I handled his mother’s foreclosure defense and got her

Home Affordable Unemployment Program Under the Unemployment Program, for a certain period of time, you pay either reduced mortgage payments (equal to less than 31% of your gross income) or none at all. This period is called a forbearance and typically lasts for 12 months (less if you start working again, or more if the servicer extends the period). To be eligible for UP: • You must meet the same eligibility requirements as for HAMP (see below). • You must be unemployed and be eligible to receive unemployment benefits when you request UP. • The servicer can require you to receive at least three months of unemployment benefits before it starts the forbearance period. • You must make the request before you become 12 months late with your mortgage payments. The servicer cannot proceed with foreclosure after you request UP, while you are in any UP plan or extension of it, or while you are being evaluated for HAMP or HAFA (see below for descriptions of these programs). If your unemployment situation will be more than short-term, the servicer is required to evaluate whether you qualify for one of the long-term programs, like HAMP or HAFA (both described below).

Mortgage Workouts Even if you don’t qualify for any of the government loan modification programs or your lender doesn’t agree to participate, you may be able to arrange a “mortgage workout.” A workout is any agreement you make with the lender that changes how you pay the delinquency on your mortgage or otherwise keeps you out of foreclosure. Many lenders require this formal process even for short-term fixes. Here are some workout options your lender might agree to: • Spread repayment of missed payments over a few months. For example, if your monthly payment is $1,000 and you missed two payments ($2,000), the lender might let you pay $1,500 for four months. • Reduce or suspend your regular payments for a specified time, and then add a portion of your overdue amount to your regular payments later on. • Extend the length of your loan and add the missed payments at the end. • For a period of time, suspend the amount of your monthly payment that goes toward the principal and only require payment of interest, taxes, and insurance. • Let you sell the property for less than you owe the lender and waive the rest. This is called a “short sale.” It’s best to start the workout negotiations as early as possible. But before you contact the lender about a workout, you should prepare information about your situation, including: • a reasonable budget for the

It is important to say that the explosion of immigrant nanny and household work was not an inevitable or even direct consequence of feminism in the United States. On the contrary, it was the endpoint of a long series of refusals on the part of government and business to meet the demands of the women's movement.

Residential stability begets a kind of psychological stability, which allows people to invest in their home and social relationships. It begets school stability, which increases the chances that children will excel and graduate. And it begets community stability, which encourages neighbors to form strong bonds and take care of their block.7 But poor families enjoy little of that because they are evicted at such high rates. That low-income families move often is well known. Why they do is a question that has puzzled researchers and policymakers because they have overlooked the frequency of eviction in disadvantaged neighborhoods.8 Between 2009 and 2011, roughly a quarter of all moves undertaken by Milwaukee’s poorest renters were involuntary. Once you account for those dislocations (eviction, landlord foreclosure), low-income households move at a similar rate as everyone else.9 If you study eviction court records in other cities, you arrive at similarly startling numbers. Jackson County, Missouri, which includes half of Kansas City, saw 19 formal evictions a day between 2009 and 2013. New York City courts saw almost 80 nonpayment evictions a day in 2012. That same year, 1 in 9 occupied rental households in Cleveland, and 1 in 14 in Chicago, were summoned to eviction court.10 Instability is not inherent to poverty. Poor families move so much because they are forced to.

It was possible in these times to mortgage a person as one would mortgage a house. Buyers could pay for slaves by making an initial down payment and taking on a mortgage to pay the remainder, with interest. They could also take out a mortgage on the people they already owned, using their human property as collateral. As with real estate, they could rent out those they enslaved, adding improvements—such as apprenticeships—which increased their value. As with a house, however, human property was also subject to foreclosure, and this is precisely what happened to William and Eliza.

When Lane refused to sell to Don Tyson in 1982, Blair got creative. He bought the $10 million bond note, which was backed by Valmac’s stock. Clift Lane quickly discovered that not only did he owe an unholy amount of money, but he now owed it to Don Tyson. And Don Tyson was about as gracious about the debt as Lane expected: He immediately tried to foreclose on him. By calling in the loan, Don Tyson would win ownership of the stock that backed it, giving him de facto ownership of the company. Lane fought the foreclosure in court, then stealthily flew to North Carolina and declared bankruptcy, defaulting on the $10 million bond. Blair argued in court that Tyson should still have rights to Valmac, but Lane managed to sell the company out from under them to a Texas investment firm called Bass Brothers Enterprises in 1983. Don Tyson and Jim Blair had lost the battle for Valmac. It was a defeat that lasted all of thirty days. Don scrutinized the Bass brothers’ investments and then called Jim. He thought the Basses would sell Valmac for the right price. — You know, the Bass brothers are doing a deal with Disney, and they need money. They don’t know what they’ve got here. We better buy that before they know what they’ve got. Blair was stunned when Tyson told him the offer price: $30 per share. It was more than a third higher than what the Bass brothers had paid, and nearly double the price Tyson had originally offered. Blair thought the price was far too high, and it would mire Tyson in a money-losing venture. — Trust me. I know it’s worth more than that, Don Tyson told him. Not surprisingly, Bass Brothers Enterprises was willing to let Valmac go at the seemingly exorbitant price. Don Tyson and Jim Blair flew to Fort Worth to sign the papers, closing the deal in September 1984. Don excused himself from the meeting early, leaving Blair behind to iron out the details, and took his private plane for a flying tour so he could look down on the new Valmac plants he had just acquired.

But in the new housing marketplace of the 21st century, everything had changed. People were getting rich, House values were soaring. There was no need for archaic processes values were writing or income verification. This was a new era. And no one wanted in on the profits more than Wall era. Ainvestment banks. They couldn't stand to sit on the sidelines and watch everyone else get rich. Making money was their game, and they not only wanted to play, they wanted to write the rules. And so they did. And what did these "Titans of Finance" create? The "100-percent financing, No-Doc, Stated Income, Negative Amortizing" loan. I laugh as I write this. Literally, a person could wrap all those features into one loan. It was beyond comical. It was insane. And what do these terms actually mean? • 100-percent financing: The buyers didn't need to contribute a single dime to actually purchase the house. They could finance it all, transferring all of the risk to the financial institutions. • No-Doc: The banks didn't verify such silly things as job status or credit history. Nope. If you could sign your name, you could buy a home. Stated Income: The clients told the banks how much they made. In other words, they lied. • Negative Amortizing: The clients payments wouldn't be large enough to even cover the monthly interest, so the principle balance on the loan would increase each month, putting them further and further into debt

Queer melancholia theory, an especially lush account of how the mourning process bodies forth gendered subjects, insists that subjectivity itself is a record of partings and foreclosures, cross-hatched with the compensatory forms these absences engender. Within this paradigm, queer becoming-collective-across-time and even the concept of futurity itself are predicated upon injury—separations, injuries, spatial displacements, preclusions, and other negative and negating forms of bodily experience—or traumas that precede and determine bodiliness itself, that make matter into bodies. This paradigm is indebted, via Judith Butler’s The Psychic Life of Power, not only to Derrida but also to Freud’s theory that a bodily imago and eventually the ego itself emerge from raw suffering.

Struggling with debt in Florida? Fleysher Law, established in 2010, is a trusted name for individuals and families seeking debt relief and bankruptcy solutions. Their team of experienced attorneys and staff helps clients solve difficult financial problems (including overwhelming debt, garnishment, repossession, and foreclosure) and achieve a financial fresh start. With offices conveniently located throughout Florida, Fleysher Law offers personalized guidance and support throughout the legal process, empowering clients to make informed decisions and regain control of their financial future.

He runs a crew that’s been doing real-estate scams in Florida. They’d buy and sell the same house four or five times among themselves to jack up the price, take out a giant mortgage, and then walk away. That worked in boom times when houses were going up. Now they’re taking money to prevent foreclosures. The victim signs his house over to them.

The four main factors you’ll want to investigate are: 1. Borrower’s credit: Look for whether they’re paying their bills regularly and on time, how much debt they have in relation to their income (the debt-to-income ratio, or DTI), and the status of the senior lien. 2. Borrower’s payment history: The longer someone has been making mortgage payments, the more likely they are to keep doing so; it demonstrates their commitment to the property. 3. Fair market value (FMV): Find the current FMV of the property, as it affects the equity (ownership stake) in the property; if the property has declined substantially, you may not be able to recover your investment if the borrower defaults. 4. Location: With real estate debt, geography matters for several reasons including state foreclosure laws, local demographics (which can affect future property values), and area economy.

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Radical socialism seems rampant in every class of society but mostly ministers and college professors. This has spread to the working class. They no longer ask for favors but “demand” government work, cancellation of mortgages, reduction of debts, etc. They feel the courts will not permit foreclosure of mortgages or ejectments, etc.

In career choices, identity foreclosure often begins when adults ask kids: what do you want to be when you grow up? Pondering that question can foster a fixed mindset about work and self. “I think it’s one of the most useless questions an adult can ask a child,” Michelle Obama writes. “What do you want to be when you grow up? As if growing up is finite. As if at some point you become something and that’s the end.

In hindsight, identity foreclosure is a Band-Aid: it covers up an identity crisis, but fails to cure it.

For me, the whole thing felt like a dubbed TV rerun of the debates we’d had back home in the aftermath of the Wall Street crisis. And while I was crystal clear about what European leaders like Merkel and Sarkozy needed to do, I had sympathy for the political bind they were in. After all, I’d had a hell of a time trying to convince American voters that it made sense to spend billions of taxpayer dollars bailing out banks and helping strangers avoid foreclosure or job loss inside our own country. Merkel and Sarkozy, on the other hand, were being asked to persuade their voters that it made sense to bail out a bunch of foreigners

The psychologist James Marcia argues that there are four levels of identity creation. The healthiest people have arrived at what he calls “identity achievement.” They’ve explored different identities, told different stories about themselves, and finally settled on a heroic identity that works. Less-evolved people may be in a state of “foreclosure.” They came up with an identity very early in their life—I’m the child who caused my parents to divorce, for instance, or I’m the jock who was a star in high school. They rigidly cling to that identity and never update it. Others may find themselves caught in “identity diffusion.” These are immature people who have never explored their identity. They go through life without a clear identity, never knowing what to do. Then there is “moratorium.” People at this level are perpetually exploring new identities, shape-shifting and trying on one or another, but they never settle on one. They never find that stable imago.

L. Frank Baum’s book The Wonderful Wizard of Oz, which appeared in 1900, is often held to be a parable for the Populist campaign of William Jennings Bryan, who twice ran for president on the Free Silver platform—vowing to replace the gold standard with a bimetallic system that would allow the free creation of silver money alongside gold.22 As with the Greenbackers, one of the main constituencies for the movement was debtors: particularly, Midwestern farm families such as Dorothy’s, who had been facing a massive wave of foreclosures during the severe recession of the 1890s. According to the Populist reading, the Wicked Witches of the East and West represent the East and West Coast bankers (promoters of and benefactors from the tight money supply), the Scarecrow represented the farmers (who didn’t have the brains to avoid the debt trap), the Tin Woodsman was the industrial proletariat (who didn’t have the heart to act in solidarity with the farmers), the Cowardly Lion represented the political class (who didn’t have the courage to intervene). The yellow brick road, silver slippers, emerald city, and hapless Wizard presumably speak for themselves.23 “Oz” is of course the standard abbreviation for “ounce.”24 As an attempt to create a new myth, Baum’s story was remarkably effective. As political propaganda, less so.

By the end of 2009, the U.S. unemployment rate hit 10 percent for the first time in twenty-five years. One in ten people in the USA was out of work. Home foreclosures reached 2.9 million in 2009 alone, with a total of nearly 7.5 million home foreclosures since 2007 when the Great Recession began. —

Today’s legal system is based on the Roman Empire’s legal philosophy upholding the sanctity of debt, not its cancellation. Instead of protecting debtors from losing their property and status, the main concern is with saving creditors from loss, as if this is a prerequisite for economic stability and growth. Moral blame is placed on debtors, as if their arrears are a personal choice rather than stemming from economic strains that compel them to run into debt simply to survive.

Babylonian scribes were taught the basic mathematical principle of compound interest, whereby the volume of debt increases exponentially, much faster than the rural economy’s ability to pay.ii That is the basic dynamic of debt: to accrue and intrude increasingly into the economy, absorbing the surplus and transferring land and even the personal liberty of debtors to creditors.

Grief comes to us in all shapes, knocking down doors of all sizes, the unanticipated guest that it is. We lose life, lose livelihood. Dreams die and bodies deteriorate with disease. Wedding bands go missing and houses fold in foreclosure. We hold our breath waiting for the bad news, waiting to hear that the world will be ripped from under our feet. We, all of us, cradle unnamed grief, crying into corners when the world isn’t looking as we wait for someone—anyone—to say it’s not too much to want to make sense of it all.