JRN Talisman Blog

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Suicides and foreclosures

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College used to be a place where students could easily shed their high school personas. One of the most liberating part of college was knowing really cared where you came from or who your friends had been in high school, people accepted you, welcomed you for who you are. The cliques of the past didn’t seem to exist as much in the melting pot of a college dorm.

The sad story of the suicide of the Rutger’s freshman Tyler Clementi shows how much college has changed in the past few decades. Has college become merely the 13th, 14th, etc. grade?

Now on to the foreclosure issue. Nice that Bank of America has stopped foreclosing houses in record numbers in a lot of states–states that require the foreclosure process to go through the courts. I doubt this is altruistic on the bank’s part, just as it was not on GMAC’s part. The issue becomes irregularities and procedural flaws, like faulty title, that could allow homeowners to turn around and sue the bank. Sadly, Michigan, with its large numbers of ongoing foreclosures, does not offer that protection for its citizens.

I even know of a doctor who is buying a home in Akron, Ohio. He faces foreclosure because he got a job in North Carolina and has moved. He is current and never behind on his mortgage payments. I just don’t get the sense in this.

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Written by jrnjbb

October 3, 2010 at 8:24 pm

Posted in Uncategorized

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