Home Foreclosure Quotes

Who passed Wall Street deregulation that enabled the meltdown of Wall Street and the disappearance of nine million jobs, the theft of 5 million homes?

Well, actually, if you can stay in your home that is a better deal for the neighborhood. It's certainly a better deal for the person that is in their home, rather than to be on the street and for that house to go into foreclosure and become a problem for the whole community.

Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight back!

Every day there are homeowners in California who will either receive relief so they can stay in their home, or will be in the foreclosure process and potentially lose their home. And that always weighed heavily on my mind.

UC Merced is the University of California's newest campus and lies among farm fields in the San Joaquin Valley, 2 1/2 hours east of San Francisco and not far from where I spent most of my childhood. It's a part of California that has suffered deeply from the recession with high unemployment and a skyrocketing home foreclosure rate.

For a long time, Americans have bought into the meritocracy, the American dream ideal. But when we watched banksters completely destroy our economy and get bailed out while ordinary homeowners were intentionally left to have their homes seized and lives destroyed, it kind of made people think.

I can tell you that when I travel the state, when I talk to people, they are really struggling, in a very real way. They're losing their jobs, they're losing their homes, they're dealing with financial challenges.

Poverty became something one could see and experience firsthand, no matter where one was on the economic ladder; it became something you could viscerally experience through the lives of friends, family, neighbors, colleagues. I'd venture to say it's a rare person in 2013 America who knows nobody who lost a job in the recession, or knows nobody whose home went underwater or who went into foreclosure.

The newest victims of the nation's foreclosure crisis are pets, which is extremely distressing to me.

Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.

She [Hillary Clinton] and Bill [Clinton] supported the NAFTA, the adoption of NAFTA that sent our jobs overseas, and they both supported Wall Street deregulation, which laid the groundwork for the disappearance of 9 million jobs and the theft of 5 million homes.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

As a judge, I held people accountable when they did wrong. That's why I cracked down on violent criminals and stopped the big banks when they tried to kick families out of their homes.

From the Bronx to Buffalo, cities and towns in New York have been plagued by what are commonly called zombie properties. These are homes that residents abandon - often after they have received a foreclosure notice - which then languish, uncared-for, until the foreclosure process is complete.

Congressman Watt has a long history of advocating against predatory lending and the mortgage practices that caused millions of families to lose their homes.