{"id":15686,"date":"2012-02-09T16:39:11","date_gmt":"2012-02-09T23:39:11","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=15686"},"modified":"2012-02-09T16:40:43","modified_gmt":"2012-02-09T23:40:43","slug":"picking-our-pockets-one-wallet-at-a-time","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15686\/picking-our-pockets-one-wallet-at-a-time\/","title":{"rendered":"Picking Our Pockets One Wallet at a Time"},"content":{"rendered":"

“State and federal officials say the settlement could eventually help as many as a million households. Roughly 750,000 borrowers who lost their homes to foreclosure between 2008 and 2011 will get a cash payment of about $2,000.”<\/strong><\/p>\n

Oh, I appreciate there are\u00a0gory details in this $25 billion settlement<\/a>, but I don’t give a damn. \u00a0My money…your money, going to folks who lost their homes to foreclosure? \u00a0And by the way, before you tell me “the banks are paying”, please rely on one of the classic rules of economics: \u00a0“He has who has the gold makes the rules.” \u00a0This ain’t no free lunch for any of us. \u00a0Costs get (that’s right……everyone raise their hands) passed along to the consumers, which would be you and me, foreclosed upon or not.<\/p>\n

Holy crap! \u00a0These are criminals who continue to pick my pocket, skim off some for themselves, and then redistribute to hard luck cases, while insidiously destroying all of the good faith any of us had in basic right and wrong. \u00a0This story gets a headline for a couple of days. \u00a0Then the banks entrench and stretch out their liabilities as far as the eye can see, with no apparent benefit accruing to the average homeowner, and a significant token of mea culpa passed along to a some small group of apparently disenfranchised, needier than their neighbors, down and outers.<\/p>\n

\"\"<\/a>\u00a0Well, you group of Attorney’s General, banks and the glorified Fed….you can’t pick my pockets any more.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

“State and federal officials say the settlement could eventually help as many as a million households. Roughly 750,000 borrowers who lost their homes to foreclosure between 2008 and 2011 will get a cash payment of about $2,000.” Oh, I appreciate there are\u00a0gory details in this $25 billion settlement, but I don’t give a damn. \u00a0My […]<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-15686","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":680,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/680\/amazingly-low-foreclosure-rate-at-a-two-year-high\/","url_meta":{"origin":15686,"position":0},"title":"Amazingly low foreclosure rate at a two year high . . .","author":"Greg Swann","date":"November 25, 2006","format":false,"excerpt":"It's Saturday, the Arizona Republic's favorite day to piss on the real estate market. Today ace reporter Catherine Reagor informs us that foreclosures are up. \"By how much?\" you ask. You don't read the Republic much, do you? Instead of actual numbers we get all manner of obfuscation, scary anecdotes,\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5965,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5965\/seriously-whos-a-better-risk-for-a-mortgage-than-someone-who-has-already-lost-a-home-to-foreclosure\/","url_meta":{"origin":15686,"position":1},"title":"Seriously,\u00a0who’s a better risk for a mortgage than someone who has already lost a home to foreclosure?","author":"Greg Swann","date":"December 6, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Seriously, who's a better risk for a mortgage than someone who has already lost a home to foreclosure? We talked last week about credit flexibility among merchants as they try to find ways around the banking crunch.\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6124,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6124\/for-some-the-most-financially-astute-course-of-action-may-be-to-fake-their-way-to-foreclosure\/","url_meta":{"origin":15686,"position":2},"title":"For some, the most financially-astute course of action may be to fake their way to foreclosure","author":"Greg Swann","date":"December 13, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0For some, the most financially-astute course of action may be to fake their way to foreclosure Looking for some good news in the Phoenix residential real estate market? So is everyone else. New foreclosures are down, as\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5199,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5199\/foreclosure-homes-are-sold-as-is-but-most-need-only-minor-restoration-to-bring-them-back-to-fully-livable-condition\/","url_meta":{"origin":15686,"position":3},"title":"Foreclosure homes are sold “as-is” — but most need only minor restoration to bring them back to fully-livable condition","author":"Greg Swann","date":"October 25, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Foreclosure homes are sold \"as-is\" -- but most need only minor restoration to bring them back to fully-livable condition If we were to have a contest for the Valley's most-gutted home, judging might take a while. A\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13281,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13281\/the-good-news-in-the-housing-market-we-may-be-witnessing-the-beginning-of-the-end-of-the-bad-news-in-the-housing-market\/","url_meta":{"origin":15686,"position":4},"title":"The good news in the housing market? We may be witnessing the beginning of the end of the bad news in the housing market.","author":"Greg Swann","date":"September 20, 2010","format":false,"excerpt":"From The New York Post:The latest numbers suggest we're finally at the beginning of the end of the housing correction -- no thanks to Washington. Last Thursday's numbers from Realtytrac seemed like bad news. In August, foreclosure auctions hit their second-highest monthly total in the report's history: 147,003, up 9\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10763,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10763\/new-york-times-on-the-loan-modification-program\/","url_meta":{"origin":15686,"position":5},"title":"New York Times on the Loan Modification Program","author":"Damon Chetson","date":"January 2, 2010","format":false,"excerpt":"The New York Times is reporting what everyone at Bloodhound Blog has known for a long time about the Federal Government's attempt to encourage loan modifications: The Obama administration\u2019s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=15686"}],"version-history":[{"count":7,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15686\/revisions"}],"predecessor-version":[{"id":15694,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/15686\/revisions\/15694"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=15686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=15686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=15686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}