SubscribeForeclosure? ABC Wants Your Sob Story
This all too telling tidbit from ABC News almost slipped by us:
Have Your Lost Your Home to Foreclosure?
Submit Your Story to ABC News
August 1, 2008
Two and a half million American families are expected to lose their homes to foreclosure this year. Are you one of them?
If you’ve recently lost your home, ABC News wants to talk to you about how you are managing this enormous upheaval. Where are your living? How is the loss impacting you and your family? What are your plans for the future?
Please share your story with us and give us a daytime phone number where an ABC News producer can reach you.
This is how our media manufactures the news.
Day in and day out.
By the way, here is a related story, still being celebrated by ABC News:
Foreclosure-Related Suicide: Sign of the Times?
By DAN CHILDS
ABC News Medical Unit
July 25, 2008“By the time you foreclose on my house, I’ll be dead.”
So read the note that 53-year-old Carlene Balderrama of Taunton, Mass., faxed to her mortgage company, according to Taunton Police Chief Raymond O’Berg.
The message turned out to be tragically prophetic…
Hope springs eternal in the breast of our media.
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6 Responses to “Foreclosure? ABC Wants Your Sob Story”
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August 5th, 2008 at 1:47 pm
One out of every 192 mortgages are in foreclosure. In other words a bunch of dead beats who never should have been given mortgages in the first place are crying their eyes out, poor me.
More leftist dribble.
August 5th, 2008 at 1:48 pm
Let me put this into perspective. Over the weekend I had a telephone conversation with a friend who lives in NYC. He was talking like the world was going to end. I tried to explain that things here in Texas were pretty good, in fact, very good, and that maybe he should spend some time off the island of Manhattan to get a better perspective.
He told me that a friend of his told him that Lehman Brothers was going to “write off” $30 billion in real estate-related loans…I explained that “selling” and “writing off” were two different things but even if it was a “write off”, this is about 3/10th of 1% of the $10.5 trillion mortgage market. Maybe the bankers at Lehman Bros should do a better job of earning their bonuses.
He also told me that his banker said that he had “six million-dollar homes in Hinsdale (an upscale Chicago suburb) in foreclosure.” I told him that either he’s mistaken or his banker’s a complete idiot and should get out of the lending business because if you’re lending to a buyer of a million-dollar home, that buyer better have a decent income and credit history and at least 20% down….and even then, he’d have no problem selling a home in that town for a decent price. Last I checked, they weren’t giving homes away in Hinsdale, Illinois. If they are, I’ll move tomorrow. I further explained that Hinsdale is a town of professionals with good educations and job prospects, and there are plenty of people who want to live there.
In any event, about 96% of the mortgage market is fine. Maybe it’s not so great in five states that saw unjustified increases in value these past few years, but when these reporters get out of their myopic world — where their drinking buddies are being laid off from their over-paid Wall Street jobs and their sh*thole one-bedroom condos aren’t worth what they over paid, they’d see my point.
One final point: Most of these reporters — I knew a few of them from my younger days when I lived in NYC — have been in a personal financial recession since they left college — most don’t make much money. Now that their industry is feeling the pinch — the few who could hold down a job are getting laid off — they’re projecting their angst on the rest of the world.
August 5th, 2008 at 5:55 pm
What’s the big deal?
A few years ago, renters with moderate incomes decided to buy overpriced houses with nothing down. Now that the chickens have come home to roost and they can no longer afford the adjustable mortgage payment, the house is repossesed and they are renters again.
What is the tragedy?
August 5th, 2008 at 7:47 pm
BV: It’s not a tragedy - it’s a crisis! Haven’t you been getting your talking points? These people were given credit by evil mortgage lenders (who were evil a few years back because they would NOT extend said credit) and now they are suffering. Suffering! Please, these people are clearly victims. Just remember: there are no more sharp edges or bad decisions in the world anymore - everyone is a victim. Rejoice in your victimhood!
p.s. I’m the victim of good choices and excessive discipline…
- sarcasm off -
August 5th, 2008 at 8:36 pm
Socialism is painful–the empty promise never kept. Some people are more equal than others and actions MUST have consequences. Trite, but true nonetheless!
August 8th, 2008 at 9:38 am
You can see the moral makeup of many of those being foreclosed upon by the increasing number of “foreclosure abandonments” of pets.
They lose the house and they lock the pets inside or leave them in the yard, uncared for.
Anyone with even two brain cells to rub together would know that you could at least leave them at a shelter.
Guess not.