due to possible bank paperwork errors? No, they still didn't pay their mortgage, why would they, they deserve their McMansion! http://www.housingwatch.com/2010/10/12/evicted-family-breaks-in-to-own-home/
Oh, and I forgot "stay at home dad". If you have nine kids, you can't afford to have a "stay at home anything." Dude was unemployed
No surprise here. The same people that overbought their house, have a bazillion kids, probably alimony payments, and a fortune in credit card bills are the same folks who vote in elections and fuck up this country. Then they expect the government to provide all of their services for free, which causes the federal debt to go up.
Perhaps the lending institutions did jump the gun. However, what the end result is in the name of "consumer protection" is a long, lengthy process to evict those that stop paying their mortgage, tied up in litigation for years. multiply that by all the people that are living beyond their means and its going to lead to a very fucked up situation.
Hope the owners and players work out a deal before this time next year or you might be reading about the HCP family doing the same thing!
Why the hell did the bank lend them that much money to start with? Jesus. $880k! And nobody at the bank kept the fucking paperwork, so they forged it. The 2000's decade will be the most insanely dumb decade I'll hopefully ever live through. Started with a bunch of old fucking Floridians who couldn't understand a goddamn voting ballot fucking it up for everybody, and ended with Sarah Palin, Glen Beck and $880k loans with no apparent paper trail. Man, I sure as fuck hope scientists are busting ass on artificial intelligence. Our only hope at this point is fucking Skynet becoming self-aware and not bombing the shit out of us.
I remember those fuck-head mortgage brokers back in the day pulling down 300-500k doing these things. like printing money.
9 kids, no-interest loan, borrowing against it... Holy shit. Some people just should not be able to procreate. I feel bad for their kids, because Mom and Dad seem like complete morons.
