Man moves into empty home, lives rent and mortgage free (Dallas: real estate market, foreclose)

[afonega1]

Originally Posted by tigers84

I'm familiar with rehypothecation. It has no relevance to house theft. It's when financial firms pledge deposited assets as collateral with other financial institutions. At the end there is always a final lien holder, even if the system is Byzantine.

Capitalism is based on the rule of law and contracts. If tjose don't exist there is chaos and anarchy and crony capitalism. See Zimbabwe or Russia. The whole thing turns to ^*it.

Some lawsuits take decades to resolve. Contract law sometimes takes years to work itself out. But there is always a rightful owner at the end. It sure as he'll ain't first come first served, or whoever arrives with the biggest gun. That is third world, gangsta mentality, and has no bearing among the civilized.

It's like you think this is a childhood game of "I called it". It ain't. Your"con" is a sham, full of holes to any reasonable person. Only the desperate and degenerate are possible followers.

Umm...I think you mean see the U.S.A. History of the Federal Reserve System don't you?Does that really sound like capitalism?Just because it works does not perfect.What is it...1% of the richest Americans have 90% of the wealth.I know thats not exactly right but you know the stat.
I hate to quote Sarah Palin,but America is"the pig in lip-stick".

[tigers84]

Originally Posted by Math Commando

1)My con? I'm not in possession of him and we all know that possession is 9/10 of the law. That term comes about due to the fact that the person in possession of an object wins a dispute over its ownership 90% of the time.

2) The rehypothecation reference was due to your request that I prove that this so called loophole isn't actually a loophole, but a part of something larger. However, rehypothecation has everything to do with house "theft" when said "theft" is the result of a credit bubble.

Only when the object hasn't been stolen first. Look, anyone engaging in this revolting activity is nothing short of filth. They bring nothing to the table except some cooked up rationale for taking what is not rightfully theirs. The truth is the kind of lowlifes involved do not have the wherewithal to maintain these properties properly, nor pay the taxes. They certainly do not belong, culturally, in the neighborhood, and their chances of ever being accepted are zilch. They can pretend to themselves as if they belong, as if they are worthy members of society, but its a sham. All their neighbors, and anybody else who paid legitimately for their homes, hates their everlasting guts. Vermin like this are either eventually eradicated, or society breaks down and falls apart as chaos takes hold. The latter is why I am well armed, and advise other law abiders to be as well. If the law fails, it's back to the wild west. Eventually, the good guys won that one, fortunately.

Credit bubbles don't provide excuse to steal. For those that were sucked in and bought too much house that they couldn't afford, well, get over it. Move on with your life. The stupid, vain, greedy and naive will always fare poorly at the end of the day. The system must survive for the greater good. Most people did not over borrow. Spoils go to the winners, not the losers.

[tigers84]

Originally Posted by afonega1

Umm...I think you mean see the U.S.A. History of the Federal Reserve System don't you?Does that really sound like capitalism?Just because it works does not perfect.What is it...1% of the richest Americans have 90% of the wealth.I know thats not exactly right but you know the stat.
I hate to quote Sarah Palin,but America is"the pig in lip-stick".

It's far from 90%. Get your facts straight. FYI, the 1% is highly mobile.

Where exactly is this mythical country where you would be so much better off? Eh?

Please don't quote Sarah Palin. It is apparent you and her agree on almost nothing.

[tigers84]

Originally Posted by Math Commando

The rehypothecation reference was due to your request that I prove that this so called loophole isn't actually a loophole, but a part of something larger. However, rehypothecation has everything to do with house "theft" when said "theft" is the result of a credit bubble.

One more thought. Say two or more "parties" show up to claim said property. There arent any rules to the "process", right? Whoever gets their the first with the "mostest" wins. {Providing someone bigger and stronger doesnt come along next.} Either way the result is an enviroment like Zimbabwe, Hatii or some other similar *+ithole. Its thug versus thug. Criminal element battling criminal element.

Now in THAT scenario there could be some societal benefit. Clean out the basement, so so speak

[Mishap]

Originally Posted by Math Commando

Dude you're all over the place. What does adverse possession have to do with sovereign citizens? You have to "dirty up" the individual in question to seem like you're making a valid argument. Adverse possession is the law of the land, literally!! It seems like you're just bitter.

Sovereign citizens have been using the same arguments (add in they don't believe the banks can own property) to attempt to take properties they claim are abandoned. Generally it fails and they get arrested for one of the many forgeries they attempt to speed up the process. There are real cases of adverse possession that work...they're generally dump properties that were owned by some nutter that died w/o any liabilities or heirs and owned the place outright.

These people are all abrogating existing property ownership rights to misguidedly attempt to enrich themselves. The rent scammer just abandons any pretense of bureaucratic wrangling and goes straight for the theft. Whether they're filing bogus paperwork that a home is abandoned, teaching classes to others on how to steal (the Robinson guy in TX charges 10k), or busting locks and renting someone else's property...the goal is the same. Adverse possession is for abandoned properties. These guys are all just thieves.

As a property owner, I have the right to let my property sit vacant. It's not a great use of an investment but it doesn't mean it is abandoned. These guys are just getting a free ride for a while b/c of the backlog of foreclosures. In a normal real estate environment, these guys would get arrested every few months as homes get put on the market. No law abiding locksmith would come anywhere near these guys...the liability is just too much.

[Math Commando]

Since the two of you have moved on to straw man arguments I guess I can declare victory. Case closed.

[tigers84]

Originally Posted by Math Commando

Since the two of you have moved on to straw man arguments I guess I can declare victory. Case closed.

Ok den....

[afonega1]

Originally Posted by tigers84

It's far from 90%. Get your facts straight. FYI, the 1% is highly mobile.

Where exactly is this mythical country where you would be so much better off? Eh?

Please don't quote Sarah Palin. It is apparent you and her agree on almost nothing.

Yes unlike Sarah,I read.I write.I travel.I listen.I observe before I speak.
HAhA.!!Im so glad you know Im not a Sarah Palin fan unlike you.I need all I need to know about you now.
Where exactly is this mythical country where you would be so much better off? Eh?

This is the thing.I dont recall saying there was a place better.If you continue to argue like a first grader ,then I will treat you like one.The very fact that we can vehemently disagree by openly stating our disapproval of such laws should make it evident that although the USA is far from perfect.To quote (or paraphrase) and old Grace Jones song that sums it up :Im not perfect,but its perfect for me.
The nerve.Typical that when you have no other argument worth anything ,so you act like you are the only patriot in the room.Typical and just ignorant.

[samiwas1]

I have a neighbor who was a renter in the townhome 2 units down from me. He was paying rent to the homeowner, but apparently, the homeowner was not paying the mortgage. He found out when the bank or someone contacted him. This was over a year ago. He's still there. As far as I know, he is living rent and mortgage free.

Unfortunately, I can't stand the guy. He is one of the single most annoying individuals I have ever known (and he's a white male for all those wondering). I cannot wait until the bank finally kicks him out, but who knows if that will ever happen. The day they do, I know several people who want to have a block party. Hell, I'll pay for the police escort to make sure his moving van doesn't have to stop.

[Mishap]

Originally Posted by Atlface

If you found $10 on the ground in a parking lot and no one nearby what would you do?

Personally, I'd like to think I'd go buy some hobos a meal. Given where I live, finding a $10 bill is highly unlikely given the frequency in which hobos comb the area down to the garbage cans(around all the dog poop) for leftovers.

What if the $10 bill was behind a plate glass window in a storefront that looked like it was closed and locked up? What's a reasonable amount of time to wait before smashing the glass to take it? If it's anything less than never, your parents didn't teach you right. What happens if you go to work and lock up your house? It's abandoned b/c you're not there...the guy kicking in the door is simply reallocating your unused assets. Thieves are just value investors. They pay nothing for your property and sell at a profit. If you don't come in to claim them immediately w/ a shotgun blast to the dude's face then you've relinquished your ownership right?

These houses didn't fall out of somebody's pocket. Ownership is clear. These idiots aren't picking derelict farm houses that have sat empty for decades. If the homeowner walked w/o handing over the keys to the bank, then they're in the wrong but the bank still has rights to the building even if they haven't started the foreclosure b/c that was in the mortgage doc the owner signed. If the bank evicted the homeowner, then the bank has made their ownership clear. At no point does it fall into limbo for someone to take.