The city needs to go after the servicer, legally and media loud! Also, a HUD house usually has Fannie Mae as the investor/lien holder, and they are responsible, even if they pass the buck to THEIR servicer. **Also, there is INSURANCE Fannie Mae’s, on the property!
we need names and pictures of the people giving these excuses. my heart goes out to the crippled person and homeless people but this needs to stop now.
Having traveled the United States extensively, there are a multitude of “trashy” large American cities being run by both Democrats and Republicans. This is a “globalized western finance lack of investment in the United States” thing, going on for over 50 years. But, on this property, specifically, this is a foreclosed home where the investor is Fannie Mae, a private corporation created for facilitating a government mortgage scheme to prop up the U.S. economy post-WWII. Fannie Mae not only has default insurance on the property’s defaulted mortgage, the reason their homes sit empty for so long is they bundle these mortgages and leverage the portfolios at the Federal Reserve (private banking system not part of our government), borrowing money using the debt instruments as collateral. They have to pay off 60% of the portfolio at the Federal Reserve to get the portfolio back, which allows them to liquidate the property. It’s not easy to shame our behemoth private institutional finance entities into doing anything even remotely conscientious or ethical, even if you are a city of 200,000 citizens. Take my word for it, 3 years is the average speed of this process, unless the building just has an untimely death. Fannie Mae couldn’t care less, they are in the “creating debt instruments as money” business, not the housing humans business.
Moving is an uncreative option. Keep light on the problem. Keep calling the city.
St Louis City is failing these people. the HUD, the City and the Alderman are not doing their jobs!
The city of St.Louis is a hoodrat infested area.
sounded to me like the alderman did everything he's authorized to do.
The city needs to go after the servicer, legally and media loud! Also, a HUD house usually has Fannie Mae as the investor/lien holder, and they are responsible, even if they pass the buck to THEIR servicer. **Also, there is INSURANCE Fannie Mae’s, on the property!
we need names and pictures of the people giving these excuses. my heart goes out to the crippled person and homeless people but this needs to stop now.
Sell her house and cut her losses, are the kidding? Start the eviction process.
Gas can and a gallon of gas like 20 bucks
That's just the way it is. If someone takes over a building, they automatically own it. That's the law. Humanity always rolls like this. #copium
Really? Better not take a vacation, and leave that house unattended. Don't be too long at the grocery store, for that matter. I see potential!!
stl=somalia
It takes someone to go to the media. Democrats.
@@greatwhitebuckwheat791 They are responsible for keeping the city trashy.
Oh all the Trumplicans helping out there. could see how you would say that.
@jamesbyington4764 All the Demoncrats who can't getting along or do anything right.
Folks, this is what happens when you vote Democrat.
Exactly, but they blame Republicans. Haven't had a Republican Mayor since the 1940s.
@barbara7611 Exactly mate
@CJColvin Yes sir.
Having traveled the United States extensively, there are a multitude of “trashy” large American cities being run by both Democrats and Republicans. This is a “globalized western finance lack of investment in the United States” thing, going on for over 50 years. But, on this property, specifically, this is a foreclosed home where the investor is Fannie Mae, a private corporation created for facilitating a government mortgage scheme to prop up the U.S. economy post-WWII. Fannie Mae not only has default insurance on the property’s defaulted mortgage, the reason their homes sit empty for so long is they bundle these mortgages and leverage the portfolios at the Federal Reserve (private banking system not part of our government), borrowing money using the debt instruments as collateral. They have to pay off 60% of the portfolio at the Federal Reserve to get the portfolio back, which allows them to liquidate the property. It’s not easy to shame our behemoth private institutional finance entities into doing anything even remotely conscientious or ethical, even if you are a city of 200,000 citizens. Take my word for it, 3 years is the average speed of this process, unless the building just has an untimely death. Fannie Mae couldn’t care less, they are in the “creating debt instruments as money” business, not the housing humans business.
Idiot's vote