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  • What are some literary devices used in chapter 11 of the Odyssey?

    Hi, I was wondering if anyone knew of some literary devices used in chapter 11 of the Odyssey? They must be some what important. Thanks for your help!

     
    • worldisone 8:00 pm on January 24, 2012

      prose and alliteration

  • What is the consequence for a nation-state to go bankrupt?

    It is easy to know that there is consequence for a person to go bankrupt. There is an authority and law governs this situation. But what about a nation state? The bankrupt state would still exist and it is government keep running it is business- an example of YOU GOT THE BANK. Leaving out political implications, can someone help to explain the possible scenarios for a state going bankrupt?
    Then, why should the Greek be worried about the debt? If they go default and then what? Wouldn’t it just that life goes on?

     
    • J 7:30 pm on January 24, 2012

      Anarchy, injustice, civil war, death, starvation and disease. To put it mildly, we’re surrounded by invisible infrastructure. It’s also aging and falling apart. Then you’ll realize governance is really an insulting joke and we’re better off without too much governance. Taxes are supposed to pay for infrastructure. Not a military complex.When that happens, and near it’s collapse, the governance has no respect for it’s citizens. The police try to use authority that is unjust to maintain one’s power. The real solution and the only one, is to go back to a simpler time. Occupations would be limited. Imagine going back to 350 years ago. Which wouldn’t be such a bad thing.

    • John Doe 7:30 pm on January 24, 2012

      A nation / state can technically not go "bankrupt". If the United States was a company or person it would have been bankrupt for a long time now. What happens when a nation leans towards what you would call bankruptcy is the currency is devalued. The more money that is printed the less it is worth. Something that used to cost a dollar may cost 20 dollars or more in hyperinflation.

    • Bill 7:30 pm on January 24, 2012

      Bankruptcy is a legal concept. And you’re right, there are no laws governing what happens when a state goes "bankrupt." What that means is that a state *can’t* go bankrupt. It can run out of money, but it can’t discharge its debts in bankruptcy.

      So what happens when it can’t pay it’s debts? One of two things: the creditors get stiffed, or the debts get discharged some other way (possibly with strings attached.) The consequence is that government which defaults on its debts may find it considerably more difficult and expensive to get financing in the future.

      (By the way, the U.S. would not be bankrupt if it were a company because it has always been able to pay its debts as they come due, and always has paid them.)

  • What is the summary for chapter 11 in how to read novels like a professor?

    I need help! I have to provide a summary for this chapter, but I can’t find anything on it! some I find is "How to read literature like a professor" this and that, but I need a summary for CH. 11 on how to read NOVELS like a professor. It’s for a project due soon! Very Soon!
    Please help me ! I’ve tried reading it, but it’s too many pages and too little time!

     
    • notaxpert 8:01 pm on January 23, 2012

      The author in this chapter is discussing the use, meaning and context of words in novels and how they can be used to create different effects, meanings and detail they reveal. Thomas Foster, the author says it best in this quote found on page 133 where he writes, "So then, maybe words do matter. In works of literature, no less. Who Knew?" That is the basic summary of this chapter, words and especially how they are used in novels, do matter. On page 132-133 Foster provides an example in contrasting the use of the word "relish" by Henry James and F. Scott Fitzgerald. You can use quotes and paraphrase from this section to provide an example of the importance of words, their meanings and context to support your summary of this chapter. The Paragraph(s) begins on page 132 with, "Since I have already abused Shakespeare… and ends on page 133 with "So then, maybe words do matter. In works of literature, no less. Who Knew?"
      Another good example is Foster’s discussion of the word nice beginning in the second paragraph on page 138. You can point out that the use of the word nice leaves the reader with a sense of ambiguity since as Foster noted, "Because it doesn’t mean anything. Or rather, because it can mean so many things and nothing in particular. Or because it is capable of meaning what it says and also its opposite, depending on context, delivery and inflection. You can’t do that with ‘red’ you know. There is simply no inflection you can give to ‘red’ that will make it ‘green’, or even ‘not red’. ‘Nice on the other hand, can mean pleasant, diverting, pretty, agreeable, rewarding or even in a pinch,’nice’. It can also mean lousy, distasteful, unpleasant, disagreeable, obnoxious, or any dozens of other ‘not-nice’ qualities." This illustrates Foster’s belief in how words and the context in which they are used to relay meaning and detail or a lack thereof in novels. Finally, on page 141 Foster discusses how words in context with a particular author’s style is unique to that particular writer. To illustrate this, use this quote from page 141 where Foster writes, "There is a kind of magic to the play of words in an author, in part because his or her diction is not like anyone else’s. James magic is not Hemingway’s or Faulkner’s, nor theirs Laurence Sterne’s or Edna O’Brien’s. Its always their own."
      When Foster speaks of reading novel like a professor he is in essence talking about analyzing it. Examining all of the component parts and tools used by the author to "construct" the characters and plot, create illusion, emotions and story-line and if these devices and tools were used effectively or not in a particular novel. It goes deeper than just answering if the story or characters were enjoyable or not. A professor looks to discover what devices did the author use, why did he or she choose those particular devices, how were they used to achieve the author’s vision for the story and were they used effectively or not. Chapter 11 deals with the importance of words and the way they are used to accomplish the author’s vision. Foster analyzes the use of words and illustrates there impact in creating a story or character. I hope this helps, I read the chapter on Google books, the link is pasted below.

  • Why do people always go bankrupt on wheel of fortune?

    It’s pretty big wheel but yet people go bankrupt some the time. I seen a episode where 1 person hit it and then the person next to him hit it to. It’s like literally a 25% chance of hitting bankrupt. When really it’s merely 5%.

     
    • http://www.bible-reviews.com 7:31 pm on January 5, 2012

      During portions of the game there are two bankrupt slices on the wheel. Also, remember: each person spins the wheel (usually) several times. If the chance is 5%, it’s 5% **every time** the person spins – and so the chance of bankrupting a person who spins the wheel several times is much greater than 5%.

      - Jim, http://www.WheelOfFortuneSolutions.com/

    • Rena 7:31 pm on January 5, 2012

      because if you spin the wheel and land on bankrupt you go bankrupt! :) but :( for those people

    • Emma Claire 7:31 pm on January 5, 2012

      They say the wheel is rigged… I don’t know if it’s true. I don’t even think that would be legal, but who knows! They probably have to sign some sort of contract before they are on the show and maybe they could sneak that part in very vaguely so they can’t sue. I don’t see why they would because no matter why you get $1,000!

  • How long till the democrats have completely bankrupt our country?

    How long do you think it may take for the democrats to completely bankrupt us.

     
    • Maximus 7:31 pm on January 4, 2012

      Where were you at the end 2008, in a coma or something???

      And what exactly have Republicans contributed since 2010, Oh yes….they want to give more tax breaks to the rich, that’s their one and only f*****g answer to everything isn’t it!!!

      And we are now basking in the sunlight of the trickle down effect from the last tax reduction on the rich in 2001….NOT!!!!

      Go and see your doctor, and ask him to remove that huge lump of ignorance that is blocking your memory!!!

    • abitleftofcenter 7:31 pm on January 4, 2012

      That would be Bush’s wars, Bush’s recession, and Bush’s tax cuts, all of which we are still borrowing to pay. Unfortunately, Obama has to share the blame since he didn’t end the tax cuts or stop the wars quickly. And the GOP gets to share the blame for stopping the recovery that was underway in 2010 prior to manufacturing the debt ceiling debacle in 2011.

      And once the cuts start at the federal level expect the number to deteriorate as massive layoffs occur . . . and are already occurring at state and local levels.

    • GOZ2FAST 7:31 pm on January 4, 2012

      They already have with a lot of help from the republicans.

      http://www.usdebtclock.org/

      This country is toast, they just don’t know it yet.

    • strpenta 7:31 pm on January 4, 2012

      ‘We’ as in most people with US citizenship,, bailed out banks so in turn, people STILL get fired and now the banks are starting to impose a charge for using THEIR banks debit card…and you say Democrats are bankrupting the country?!
      Wow. Are you confused.

    • FLSwampBoy 7:31 pm on January 4, 2012

      Good charts on Debt/Deficit Breakdown from Bush to Obama:

      http://www.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/

      http://www.nytimes.com/interactive/2009/06/09/business/economy/20090610-leonhardt-graphic.html

      http://www.whitehouse.gov/infographics/us-national-debt

      How pieces of the Debt/Deficit pie breakout:
      —————————————————–
      * Recessions or the business cycle – loss of Revenue (37%);
      * Policies enacted by President Bush (33%) Iraq/Afghanistan Wars Unfunded/Medicare D $1 Trillion Unfunded/2 Tax Cuts Unfunded;
      * Policies enacted by President Bush and supported/extended by President Obama – Tax Cut Extensions (Now funded), Medicare D (now funded), Ongoing War Costs (now funded), etc… (20%); and
      * New policies from President Obama (10%) $787 Billion Stimulus package/40% Tax Cuts.

      . We were losing 650,000-800,000 jobs per month when Bush left office.
      . Inherited Bush Unemployment 7.9%/8.2% Jan/Feb 2009.
      . Inherited Bush/GOP FY2009 Budget Deficit of $1.43 Trillion.
      . DOW now 11,500 range vs. Bush DOW 7950 when Bush left office Jan/Feb 2009.
      . Bush/GOP grew the Government 33% in 8 years.
      . Bush – National Debt Increase: $5+ trillion. DURING AN EXPANSION.

    • Cris Ray 7:31 pm on January 4, 2012

      We are almost there the end will come when no one will buy our bonds.

    • B X 7:31 pm on January 4, 2012

      4 more years

    • The One 7:31 pm on January 4, 2012

      I know Ovomit is working hard to bankrupt us, but thankfully Americans have woken up and are voting Republican in record numbers.

  • How would you react if Mcdonalds went bankrupt tomorrow?

    Not saying they may anytime soon, as they have 50 million people a day eating his garbage. But if they hypothetically went bankrupt tomorrow, what would be your reaction.

     
    • Jason 7:31 pm on January 3, 2012

      I could care less. I’d just move on over to Carl’s Jr.

    • A Left-Libertarian 7:31 pm on January 3, 2012

      Good riddance. They should’ve went bankrupt years ago.

    • Cris Ray 7:31 pm on January 3, 2012

      Id buy stock in Burger king.

    • Stephen 7:31 pm on January 3, 2012

      don’t eat crap

    • Louis The Alligator 7:31 pm on January 3, 2012

      I’d be thrilled. The food sucks,the service sucks,and it’s no good for you. Fast food and lack of exercise is why half the kids today are so out of shape. I don’t want to control what people want to eat,but I wouldn’t shed tears if the went belly up. It would never happen though because the majority of people in our country are too lazy to cook,to cheap to buy nutritious food,and from looking at the size of many enjoy being fat. I would say McDonald’s has a bright future in America.

    • Riley 7:31 pm on January 3, 2012

      Laugh… I know the Y!A forum would meltdown from questions about it’s closing. Also I could imagine seeing the US American news would have vox pops public reactions, from people complaining or even crying about the closing.

    • badmofaux 7:31 pm on January 3, 2012

      Surprise.
      Then, after digesting the information, I’d think it was a good thing in some ways (less junk food making people obese) and a bad thing (a whole lot of people would be unemployed soon).

      As for "McDonalds as an American institution, I don’t care. That’s one bit of American culture I think we could do better without.

    • The Revolutionary Guerrilla 7:31 pm on January 3, 2012

      I’d thank god. If that actually happened the amount of people getting diagnosed with cancer and many other diseases would fall dramatically.

    • 350 ppm goal 7:31 pm on January 3, 2012

      That will lower our carbon footprint.

    • wichitaor1 7:31 pm on January 3, 2012

      I never eat there.

    • Flying Car 7:31 pm on January 3, 2012

      That would really surprise me.

    • NDMA 7:31 pm on January 3, 2012

      None, I am not one of the 50 million who eat their crap…

    • αмєяιρσѕтαℓ 7:31 pm on January 3, 2012

      I haven’t had McDonald’s in… 5 years, so I really wouldn’t care. I can get much better food elsewhere.

    • Angry Candy 7:31 pm on January 3, 2012

      It wouldn’t bother me a bit. In my view, Ronald McDonald is a pimp that is idolized by children. All that he needs is the polyester suit.

      However, I am not on the boycott bandwagon. I have no dispute with anyone who wants to buy their products.

    • Rayne 7:31 pm on January 3, 2012

      I would be sad that the Democrats had destroyed our economy so badly that we had lost an American icon…But, it wouldn’t change anything in my life.

    • Ernest Harrison 7:31 pm on January 3, 2012

      I would think it would be a loss for many people. I myself don’t eat burgers, but many do.

      Eating at or taking away from McDonald’s to many epitomizes unhealthy junk food – Not if used as an occasional treat.

      Simple answer if McDonald’s where to go bankrupt tomorrow – We would all be in trouble as if they went bust that IMO would mean the country had gone bust – the same with KFC.

    • robzuc97 7:31 pm on January 3, 2012

      That it will be the government’s fault as it is that even the picture of "Ronald" is VERBOTTEN these days… Like Nazi Germany, it all begins GRADUALLY!

    • Outlawcajun 7:31 pm on January 3, 2012

      Slip on over to Burger King or Wendy’s

    • dirty sanchez 7:31 pm on January 3, 2012

      laugh at the angry obese people who have to eat regular food

    • Messin With Sasquatch 7:31 pm on January 3, 2012

      None.

      I dont eat McDonalds food much.

    • SH 7:31 pm on January 3, 2012

      surprise and a little bit upset but i would get over it.

    • Patrick 7:31 pm on January 3, 2012

      I would be sad, but I would deal with it. If the government decided to bail them out I would scream bloody murder.

      I hope you realize that even if they were to go bankrupt they wouldnt go away. They would just reorganize, and continue business as usual.

    • The Equalist - GOP DOWNGRADED US 7:31 pm on January 3, 2012

      Bad for the economy; good for overall health of society.

    • Yori 7:31 pm on January 3, 2012

      My reaction would be to shrug my shoulders. I haven’t eaten at Mcdonalds in over a year, that stuff will kill you. The world will probably be better off.

    • clean truck 7:31 pm on January 3, 2012

      You know each location is independently owned, right.

      I like Burger King.

    • Daniel D 7:31 pm on January 3, 2012

      I don’t eat that junk.

    • nightowl1517 7:31 pm on January 3, 2012

      Na Na Na Na Hey Hey Hey Good bye!!! Would not miss them for one second.

    • R T 7:31 pm on January 3, 2012

      I like Wendy’s better, anyway.

    • So easy, a democrat could do it! 7:31 pm on January 3, 2012

      I’d go to Wendy’s like I usually do.

    • BAM BAM 7:31 pm on January 3, 2012

      riot

    • Matrix 7:31 pm on January 3, 2012

      my kids will have to work for walmart

    • jaker 7:31 pm on January 3, 2012

      Shock

    • Brutally Honest 7:31 pm on January 3, 2012

      I would rather make my own hamburgers anyway. My wife would also have to find someplace else to find a WIFI hotspot

  • How do I stall my home foreclosure (BofA) and continue occupancy as long as possible? (in Chicago)?

    I have hired a foreclosure lawyer- but he seems conservative. I owe lots but the house is worth lots. Upside down? Maybe- Maybe not. I want to stay as long as possible. I need advice on some possible stall tactics.

     
    • Troy 6:47 pm on January 3, 2012

      Maybe hiring another lawyer.

    • Benson 6:47 pm on January 3, 2012

      Well the most obvious way is to try to negotiate with BofA. If all else fails, try looking into filing bankruptcy, look at Chapters 7 and 13. Chapter 13 lets you negotiate a repayment plan and lets you keep the house. Recently made a site on the topic since I found it a pain to trawl through the search engines, check it out below. More specifically, I’d like to point you to the "Foreclosure" tab and then to the Directory where you can easily find out the laws in your state.

    • - 6:47 pm on January 3, 2012

      Contact the Occupy Movement in Chicago. Get them to occupy your home. It worked for a few people so far.

    • loanmasterone 6:47 pm on January 3, 2012

      Each lender have their own foreclosure procedure and would follow them. The tactics you would or want to employ might not work as some lenders would wait up to and in some cases more than a year before even starting the foreclosure procedure. Some start immediately after missing one month.

      What is your foreclosure lawyer doing for you? This might be the person you would want to ask this question of. There are legal maneuvers that might be used such as filing bankruptcy and stalling your foreclosure through the bankruptcy. If you are able to afford this foreclosure attorney why not just pay your mortgage.

      Ultimately you are gonna find out that the foreclosure attorney would be of little if any help when your lender start the foreclosure procedure. The lender will follow the legal procedures to complete the foreclosure. As long as the lender are within the guidelines of the foreclosure laws of your state, your attorney would not be able to prevent the completion of the of the foreclosure as he would not have a legal leg to argue in court.

      If you simply stay in the house it might be 6-12 months before you are asked to leave, by your lender. Then you may stay until the lender legally evict you from the property by having you physically removed from the property by the law enforcement agency that handle evictions in your state.

      You would have to find out the foreclosure procedure in your state.You might better find out the foreclosure procedure the lender would use from reading your loan docs you signed when you purchased your house.

      1. Non-judicial
      There is no court action, it normally take approximately 90 days to complete this foreclosure procedure.

      2. Judicial
      Your lender would have to seek permission from the local courts to complete the foreclosure procedure. Your lender and you would have to appear in court. Failure on your part to appear in court would hasten the foreclosure procedure. Normally going through the court system to complete the foreclosure is approximately 90-100 days depending on court appearances and the court docket.

      I hope this has been of some benefit to you, good luck.

      "FIGHT ON"

  • What do you think about this process of becoming bankrupt?

    What do you think about this process of becoming bankrupt? If bankrupt persons don’t have to repay his debts in full, then who ends up paying for it? Is it fair that those involved in a bankruptcy are ofen not willing and able to receive a loan? Do you think there might be a better solution to stop or slow the increasing amount of bankruptcies in this country?

     
    • deekin yomouth 7:30 pm on January 1, 2012

      Is it fair? Maybe not but it’s hard for people/ company’s to trust you with there products. The world works on payment and no one likes to be left high and dry. It’s a lot different than that cousin. Who owes you $5 from 8 years ago lol that money’s gone. Credit is a tricky thing if it were taught in school than we’d all be a little better.

    • Huntsman 7:30 pm on January 1, 2012

      Bankruptcy is not a joke.
      It can ruin credit for a full 7 to 10 years
      Employers will be reluctant to hire you, harder to get an apartment, impossible to get any loan, and car insurance companies use this to judge your premiums

      It is also hard to qualify for a Chapter 7, where all debt is wiped out.
      Generally you have to have no assets, and no job at the time
      Once you file – it goes on the credit reports, and then it makes it worse to find a job
      Those people pay, and pay dearly for almost a decade

    • Yirmiyahu 7:30 pm on January 1, 2012

      It’s a Constitutional right to seek protection through bankruptcy.

      How bankruptcy laws are promulgated …. that’s a discussion point.

      Bankruptcy in the United States is permitted by the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, codified in Title 11 of the United States Code, commonly referred to as the Bankruptcy Code ("Code"). The Code has been amended several times since 1978, most recently in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 or BAPCPA. Some law relevant to bankruptcy is found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of the United States Code (Crimes), tax implications of bankruptcy are found in Title 26 of the United States Code (Internal Revenue Code), and the creation and jurisdiction of bankruptcy courts are found in Title 28 of the United States Code (Judiciary and Judicial procedure).

  • How can i get access to homes on foreclosure?

    I am looking to buy a house in brooklyn. I am hoping to find a house in the best neighborhood which I know can be pricey. I heard there are cheap homes on foreclosure but when I search for them on the websites they r hidden and ask for my money. That’s makes me suspicious. How can I get real foreclosures home information?

     
    • tom 5:46 pm on December 23, 2011

      Hi Numom

      Here is one way to find notices of upcoming foreclosure auctions

      Look in your local newspaper in the real estate section for advertizement for upcoming public auctions of residential real estate.

      Not the legal notices placed by attorneys but advertizement placed by auctioneers.

      They will usually show one or perhaps a few upcoming auctions.

      They usually also show the auctioneers web address.

      Go the the auctioneers web site you should be able to search their site by city or town for the area’s you are interested in.

      Repeat the process for other autioneers web sites and you should see listing of many more possible options for you to consider.

      Be very careful if you actully bid at a foreclosure auction.

      The contract you will be asked to sign doesn’t have the usual escape clauses that a convention sale has for getting your deposit back if you find somethink you don’t like during an inspection or if you fail to secure financing. If you are the successful bidder and you decide not to proceed with the sale you will likely loose your deposit.

      It may be the way to get the best price but there are greater risks.

      All the best in your search

      Tom

    • Casey Y 5:46 pm on December 23, 2011

      You aren’t going to simply find a list of foreclosed houses anywhere online. Those services compile lists from public notices in newspapers and public records; those are for-profit businesses, that’s why they want to charge you.

      You can contact local community banks, that’s one route to go. You can also research the public notices to see the bank owned properties.

      All things considered, in a good neighborhood in Brooklyn, you aren’t going to be able to find a bargain. The good neighborhoods in Brooklyn have seen increasing housing costs, which brings in investors. Prices will reflect the actual market rates on these properties and not the traditionally lower foreclosure rates.

  • What happens to a real property trust if a property goes into foreclosure?

    A house is in danger of going into foreclosure and the real property trust does not have the cash flow to continue paying the mortgage on this property. What happens if the property goes into foreclosure?

     
    • Equality 5:46 pm on December 18, 2011

      The trust surrenders the property since it can’t pay the mortgage. No different then a human owner.

  • What does foreclosure and bankruptcy mean for a family?

    I saw my parents are in bankruptcy and something about foreclosure. What does this mean for my family? Is there anything i can do to help?

     
    • d-nyce 5:46 pm on November 3, 2011

      It only means you will have to move if your family does nothing about the foreclosure.
      Your parents have rights they can exercise that is in their closing documents that most people do not know is in there. You can challenge the foreclosure and their documents tell how to lawfully do it.
      Banks have committed fraud and are foreclosing on people unlawfully. check out these websites adreamconcepts.com and comeasyouarecd.com

      Be sure to watch the videos also.
      Feel free to contact me for more info and questions
      Daryl D
      d_j_dominick@yahoo.com

    • Lara Jackson 5:46 pm on November 3, 2011

      Foreclosure means your parents has to leave their house. If they want to avoid this , they can file for chapter 13 bankruptcy.Chapter 13 bankruptcy offers automatic stay and stops home foreclosure.

      Meanwhile you have to limit their expenses, you are allowed to buy things on credit. You need to keep your lifestyle as simple as you can.

      Also you can hire a bankruptcy attorney for your further steps.

    • mildred f 5:46 pm on November 3, 2011

      You will all have to downsize your lifestyle and expectations. But you will all learn to live UNDER your means in the future. As for you, get good grades so you can get scholarships for college.

      Your parents will probably be depressed. It is really their problem, not yours. But you should plan on keeping any odd jobs you have done. Be supportive of your parents.

    • Harold Ramsden 5:46 pm on November 3, 2011

      Your family is fcked, finished, on the scrap heap, see ya

    • Judy 5:46 pm on November 3, 2011

      It means you’ll probably have to move out of your home, and rent for a few years, and your parents won’t be able to buy things on credit, they’ll have to pay cash.

      Depending on the type of bankruptcy, some of what they already owe might be forgiven.

  • Served with foreclosure papers but first the server gave info to our neighbor. What can we do about him?

    First he called the house before 8 AM. He banged on my door like a maniac. We found out the following day that he had gone to our next door neighbor’s house, told him about the foreclosure, and then found out he was at the wrong house. Isn’t there a privacy act with the county regarding information such as this?

     
    • fasb123r 3:49 am on September 15, 2011

      No, because once your home goes for foreclosure your house info becomes public info. Your home information will go on in the local newspaper stating that your house is for foreclosure and see if there are any buyers interested to pay your debts and take over your property. You really should not be concentrated that much on what the server did, because there is really not too much you can do. You should be focusing your attention on how to save your house. As far as calling your house and banking on your door-he has the right to do so since you are in default and pretty soon this house will belong to your lender, in which case they can even give him permission to enter the house. You are lucky they haven’t send the sheriff to serve you.

      So get over the fact that "he told your neighbor". Pretty soon your whole neighborhood will know. Instead get your act together and pay your bills!

    • OlI0oo0lIO 3:49 am on September 15, 2011

      Nobody cares about the poor. If your white at least you have that going for you. I would try the Attorney General call the county the state and the city attorney general. call YOUR congressman and representative. All of these government people you have elected have people that stay in the office and make official sounding phone calls to get favors for thier constituents. Try it no way it could hurt.

    • JayneDoe 3:49 am on September 15, 2011

      pretty much NOTHING! i don’t know if you realize it or not, but your name is going to be published in the newspapers for WEEKS. once a foreclosure has happened IT IS PUBLIC INFORMATION. they can embarass you and will try to. they will try to bully you until you want to run away screaming. i am assuming you live in the united states. if you tell me what state you’re in i may be able to lead you to some answers that you didn’t even know you had questions about (your rights).

    • macster43 3:49 am on September 15, 2011

      try paying your mortgage.

    • Skip 3:49 am on September 15, 2011

      Why are you worried about your neighbor knowing that you are having financial difficulties.

      The county did not and really have nothing to do with your foreclosure other than the fact they record the notice after the lender had filed for the foreclosure. The lender then hire a service to deliver the foreclosre notice to the person in foreclosure.

      The server is normally an independent contractor that does serving notices for divorces, foreclosures and other legal documents that require in hand delivery. You will find that they also work for attorneys.

      You should spend your time trying to contact your lender to see if you can solve your foreclosure problem so you can save your home for you and your family.

      Most lenders will work out something during this phase so you can save your home. See if they will add your late payments and fees on as a 2nd mortgage so you will be current. Now you will have 2 monthly payments one to the first mortgage and one for your late payments that include any charges made for the lender to put you in foreclosure.
      If they will not do that see if they will refinance your home for you. They probablyh won’t but it does not hurt to ask.

      This will only work if you can prove that the situation that caused you to go into foreclosure in the first place has been cured. In other words if you were laid off from your job, you have to prove with pay stubs and a letter from a reputable company that you work there and the job normally have to be in the same field that you previously worked. If you were ill you have to prove you were ill and now can go back to work full time. PROOF IS THE OPTIMUM WORD HERE.

      If youor lender will not help youo then contact a mortgage "Broker" to see if they can be of benefit to you in securing another first mortgage to pay off your existing one, or a second mortgage to get you out of the situation you are in. If the mortgage broker can help you the interest will be slightly higher, but tax deductable, as well as certain points and fees you had to pay to get this loan. (See your CPA or tax advisor for tax information)

      If that does not work you may put your house on the market for sale. If you decide to use a real estate agent make that person understand the urgency of the situation.

      You may advertise in the local paper that you want to sell your home and sell it a little below market, say $5,000-$10,000. Don’t worry about how it is done, see if you can make a deal with a buyer. If you can do this get them to sign an agreement of price that they will purchase the property from you for. Now take this agreement to an escrow company or title company (Look in the yellow pages under each. They are professionals and will help you from that point on. Make sure you have some type of contract that you and the seller has agreed to at to price and that the buyer will get a new loan so you can pay off the old one.

      Don’t be angry at your lender or the person that served you the foreclosure notice or the fact that he got the address wrong. You signed a contract that you were not able to live up to for some reason. Your job now is to save your home and keep if for you and your family.

      I hope this has been of some use to you, good luck.

      "FIGHT ON"

  • why are banks allowed to ask for MORE than the loan amount on a foreclosure?

    I was just told by a banker that the house we are trying to buy was foreclosed on 84,000, and the bank bought it back at sheriff sale for 70000. NOW they are saying that if the house appraises for more than the loan, that may be the price. Why are banks allowed to ask for more than the payoff of a foreclosure?

     
    • Leslie Wiggins 10:47 pm on September 14, 2011

      unfortunately it does not matter what the loan amount was on the previous loan. The bank owns the property now and they can ask whatever amount they chose. The market value on the property is dictated by other properties sold within a small radius, if the market near the home is doing well then the bank will price the home appropriately.

      Bottom line, once the property is foreclosed on the bank is the new owner, no different than if an individual purchased the home for 70k, then turned around and tried to sell it for more.

    • wizjp 10:47 pm on September 14, 2011

      Free market economy. They bought it; they can sell it for whatever they choose.

    • Bash Limpbutt's Oozing Cyst© 10:47 pm on September 14, 2011

      The lender has a fiduciary duty to the original borrower to reduce their liability exposure as much as possible. This means that they need to sell the property at something reasonably close to the fair market value of the property. This is critical in the case of a recourse mortgage, since the original borrower has a case against the lender if the lender simply dumps the property quickly.

      Additionally, what foreclosed properties sell for affects property values in the area. The lender has a further implied fiduciary duty to the public in general to not drive down property values excessively.

      While rare, it’s possible to exit from the foreclosure process with cash in hand, and not that much damage to your credit rating. If the lender sells the property for enough money, once all costs are covered in addition to the loan balance, any excess generally has to be returned to the original borrower.

      Additionally, the bank has a duty to its shareholders or owners to minimize its losses. Lenders lose a bucket-load of money in most foreclosures and they have to make that up somewhere. This is particularly true in non-recourse mortgages where the lender gets to keep any excess when they sell the property.

    • Caveat Emptor 10:47 pm on September 14, 2011

      The balance due on the old loan is irrelevant. Once the foreclosure occurs and the property does not sell at auction, the bank owns it. It can sell at market price.

    • XzCypheRzX 10:47 pm on September 14, 2011

      Because the previous owners were in debt, which lead to the foreclosure and maybe the house was bought form the previous owner at an even lower price than 70,000. So the bank is looking to earn the money back from which they lost and that is legal, kind of like an interest rate but the price s set once the house is foreclosed on. Also, sheriff sales allow for cheaper sales of a higher rated house, and the bank needs to make money somehow. Look at the Federal Reserve Rules and Regulations and see if there may be some kind of loophole in the process.

    • karthik 10:47 pm on September 14, 2011

      to get profit.
      to run their bank and give salary

    • Landlord 10:47 pm on September 14, 2011

      They are required to ask FMV. They are out a lot more then the 84k that the dead beat stole from them. If they are able to recover their entire loss of 84k they actually give the excess to the dead beat (I know, making a profit being a thief!) after they deduct all of their costs of course.

  • Builder filed chapter 11 bankruptcy, who pays association due?

    I closed my home 12/03 and did not get some statement for association fee until now. When I called the HOA in the past, they mentioned that our house has not turned over to them yet which means the builder was supposed to take care of association fees. Now my builder filed chapter 11 bankruptcy, HOA is billing us 3 yrs worth of association fees. In this case, am I liable to pay the whole amount? Something is fishy. It can not slip HOA’s radar for 3 yrs. On top of that HOA is charging us late fees! It’s obvious that HOA trying to scrape as much as money they can from me. I’m more than willing to pay some portion I’m legally liable for. some expert in this field, please chime in.

    Thank you in advance.

     
    • acermill 8:01 pm on September 14, 2011

      You’re going to end up paying the HOA fees, since you owed the fees from the moment you took possession of the property. The builder doesn’t owe HOA fees for when YOU owned the property. Sounds like the builder was simply sloppy in informing the HOA that ownership transferred from him to you.

      You might be able to convince the HOA to drop the late fees, given what occurred. However, the fees are fully payable by you.

  • During a foreclosure, who is responsible for property taxes?

    We are going through bankruptcy (meeting of the creditor in about 14 days) which may include loss of our house. We already have last years property taxes included but we just got our next bill (which we may include). That got me thinking about before the discharge and the foreclosure but we are not kicked out of our house yet, who would be responsible for the property taxes that are newly charged?

     
    • dolphyns2000 5:47 pm on September 14, 2011

      Whoever buys the house will be resonsible for paying the taxes.

    • nam_miles 5:47 pm on September 14, 2011

      Short answer: any taxes owing would become the responsibility of the new owner.

  • Has Jo-Ann Fabrics gone from Chapter 11 bankrupcty to Chapter 7?

    I have recently read in the daily local newspaper that Jo-Ann fabrics and Craft shops has gone from Chapter 11 bankrupcty to Chapter 7. before doing research (looking at news, press releases, etc.) I cannot find evidence that this has occured– much less the fact that Jo-Ann was in bankrupcty to begin with. I have merely found such articles on 2 daily local newspaper that even has that story on it. I’m wondering if these newspapers have Jo-Ann Fabrics confused with Hancock Fabrics (Jo-Ann Fabrics is not the offical name of them Jo-Ann Fabric and crafts is and I know that Hancock was in bankruptcy).
    I have also aware that Chapter 7 means that the businesses closes immedialty- no liqudation (which the article stated they would cease immedality and begin liqudation.
    I need to know this information as my mother works for Jo-Ann stoes and I’m wondering if he needs to begin investigating another job…
    Thanks and peace!
    -Danny C

     
  • Can a loan be assumed on a pre-foreclosure property in texas?

    a homeowner is in default and may be foreclosed soon. if the accrued interest and some other sums are paid before going into foreclosure, what are the steps to follow in order to assume (take over) payments. paperwork? contracts? some advise may be much appreciated.

     
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    • Hal 7:47 am on September 14, 2011

      There is absolutely no way you can make the bank approve your assumption of a mortgage in someone else’s name. Even if you wave cash and ask pretty-please, they won’t let you assume it unless that’s what they want.

      You can try a "take over payments" scenario, hoping that the bank will not ask too many questions if the arrearage is brought current and the payments are being made as agreed.

      Or you can negotiate a loan from another bank to simply buy out the current mortgage.

      Or you can negotiate a "short sale" in which the homeowner sells the house to you for less than what is owed, but the homeowner has to get absolutely zip out of this.

      Each of these is the subject of a one-day seminar for real estate investors, and they’re complicated. This is where the "I buy houses" folks make their money.

    • dusty_titus 7:47 am on September 14, 2011

      You must take your money to the bank, and fill out a credit application so that the bank will approve of your loan assumption. I’ll tell you this, it would be better to let the bank foreclose and get a new loan with your own bank. Don’t deal with the "owner-seller" – they don’t always tell the truth.

    • Ed Atun 7:47 am on September 14, 2011

      If you went into the bank and paid all the back payments, the seller could sign the deed right there in the bank and you would own the house. The loan would not be in your name but the bank might not care if you make the payments.
      Getting the loan "assumed" will be almost impossible. The loan is owned by an investor and that investor will probably never approve an assumption. But if they decided to do it, you would fill out the same application as the current owner. In 30 days you would be approved. If it is an adjustable rate, the rate will increase upon assumption.

  • Between a foreclosure, and short sale, which 1 would offer you more protection from the lenders?

    for instance, a foreclosure would ruin your credit, yet the lenders can’t come before you for your assets in particular if you have 2 loans.

     
    • Roger N 2:47 am on September 14, 2011

      Different states have different foreclosure laws.
      Most loans will not have recourse after foreclosure in Oregon.

      With a short sale, some lenders will ask you to sign a personal note saying that you still owe them that amount of money. DON’T sign it, and only allow the closing if you are free from this transaction, if you are concerned about it.

      Lenders used to send out 1099s, that made the amount of the short taxable income. The IRS will not tax most short sales in 2007 & 2008. This is for personal residences only.

    • Jeff 2:47 am on September 14, 2011

      If your short sale is a "short sale without recourse", and you get all the lenders to agree (your first mortgage, your second mortgage, and your HELOC), then that is by far the best option.

    • Brn_Eye_Grl 2:47 am on September 14, 2011

      From what I understand, a short sale is much better between the 2 options.

      Check on this website for more help or info, or her books:

      http://www.suzeorman.com

      Suze Orman is a well known financial advisor. She has a show on CNBC and has written several books to help people with personal finances.

    • palmyrafan 2:47 am on September 14, 2011

      Oh yes they can. Unless you file for bankruptcy and even then they have changed the laws so that you are still liable for the debt, but it is in a payment plan.

      Go with a short sale. You do not want your credit ruined for 7-10 years (10 years being the average) by a foreclosure. You wouldn’t qualify to finance anything: car, house, personal loan, etc. Also, more companies are keeping track of their employees’ credit and are looking at potential employees and their credit. The general thinking is that if you can’t control your finances how can you control yourself and your job?

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  • final fantasy 13 can you beat chapter 11 without doing some quest?

     
    • loser 8:01 pm on September 13, 2011

      yes

    • mr_j526 8:01 pm on September 13, 2011

      No, there’s a set of quests you have to complete in the tower in order to open the path forward.

  • final fantasy 13 can you beat chapter 11 without doing some quest?

     
    • loser 8:01 pm on September 13, 2011

      yes

    • mr_j526 8:01 pm on September 13, 2011

      No, there’s a set of quests you have to complete in the tower in order to open the path forward.

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