Foreclosure Quotes

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. ~ Kamala Harris

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. ~ Alan Greenspan

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. ~ Marina Keegan

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

Don't try to stop the foreclosure process. Let it run its course and hit the bottom. ~ Mitt Romney

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. ~ Michael Connelly

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure ... The credit crunch and foreclosure problems are failures of government policy. ~ Walter E. Williams

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. ~ Chris Hedges

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed. ~ Mark Zandi

Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point. ~ Ben Bernanke

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could. ~ Robert A. Schuller

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. ~ Louise Erdrich

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. ~ Mark Zandi

"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 ~ Wael B. Hallaq

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. ~ Elizabeth Warren

own trouble he was paying for. I handled his mother's foreclosure defense and got her ~ Michael Connelly

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 na ~ Matt Taibbi

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate. ~ Brian Sandoval

Your heavenly home was bought for a price, and that payment results in a title deed that can never be lost through foreclosure. ~ David Jeremiah

I didn't know anything until December 2004 when I went to purchase a vehicle and was told there was a foreclosure on my credit and I wouldn't be able to get the car. I've still got a red flag on my credit. ~ Claude Brown

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. ~ Lester Holt

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. ~ Russell Brand

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses. ~ Mark Zandi

Giving debt relief to people that really need it, that's what foreclosure is. ~ J. P. Morgan

Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors. ~ Charles Duhigg

It's like, hmm, there's people with $2000 weaves that could have bought health care with that weave money. They don't have insurance. People want what they want. And I guess that is a reason we have this big credit card problem and a lot of these foreclosures. ~ Chris Rock

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

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. ~ Monica Breckenridge

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. ~ John-Talmage Mathis