Mortgage Broker

Zombie Titles – More Horrifying Than House Foreclosures





“Five years in the past, Keller, 10 months guiding on his house loan payments, obtained notice of a foreclosure judgment from JP Morgan Chase. In a handful of months, the lender claimed, his a few-tale home with grey vinyl siding in Columbus, Ohio, would be put up for auction at a sheriff’s sale.”*

“Zombie titles” are so much crueler for a household proprietor than a standard foreclosure. Just when you imagine the home is entirely out of your hands– it just isn’t, and you happen to be stuck with piled-on credit card debt and tasks with out any legal rights. How does this even work, and why do the banking companies do this? How is this authorized and ethical? Cenk Uygur breaks it down.

*Read more from Michelle Conlin/ Reuters:

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43 comments

  1. great thing for electing uncle tom obama morons. change you can believe in

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  2. land of the free idiots, home of the imbeciles who pay for a home they dont own

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  3. People used to think they could just walk away from their properties when the bank foreclosed and be finished with it…Guess what? Now the bank can walk away as well, leaving everything all still on the shoulders of the homeowner… You're better off working something out…

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  4. Wouldn't you have a case against a bank for literally barging into your house, changing the locks, and tampering with your stuff even though the house isn't foreclosed? Of course, the trial would have to happen after everything is said and done, but if the title was still in these peoples' names then what's keeping them from just kicking the door in and moving back into what is their house, and then suing the bank for property damage since the property still isn't the bank's?

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  5. It's shit like this that makes me want to raise the black flag.

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  6. WHY IS ALL THIS FUCKING SHIT LEGAL!? GOD FUCKING DAMNIT!

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  7. Literal zombies explode? Damn.
    Annnnd the laannnd off the freeeee…

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  8. I think if i was in that sutuation id burn my house to the ground. If i cant have it no one can. After that id try to fuck up as much stuff on the foundations as i could, and in the earth so you couldnt build there again. Eg salt and fuel mix, let it soak into the ground overnight, pour over more fuel and light it up. Nothing will grow

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  9. I've been going through this for 3 years now. You know the housing market is bad when a bank doesn't even WANT a damned house.

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  10. so fucked.

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  11. This can be 100% avoided with my system! I am reaching out to all home owners with a mortgage in foreclosure, under water, or any type of mortgage, both residential and Commercial to teach them how they can get a real estate mortgage lien terminated. See my channel for more information about this procedure!

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  12. Might as well go to the loan-sharks. At least you _know_ what will happen if you can´t pay there, and they probably have more morale than the bankers.

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  13. What! Is this world coming too

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  14. So if you're told you're being foreclosed on need you go to your bank and get proof you no longer own the house in writing take foreclosure to lawyer have name removed from title

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  15. Protesting and rioting..

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  16. Lol

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  17. This is very sad.

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  18. @NDAA2012 was here. You have been Tweeted and shared.

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  19. How did it seem like the liberals might grow a spine this last election? They re-elected the NeoCon Obama…

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  20. USA! USA! USA! shut up commie scum, we are #1!!!

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  21. Fucking disgusting.

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  22. When the American people finally discover the power of the rule of law, and they use it, they can overcome the evil banking empire that has taken control of our country, and the world.

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  23. How can we make change?

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  24. In the words of Jeremy clarkson, we need to hang bankers in front of their family

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  25. While I appreciate the sentiment, I find that outcome extremely unlikely, as sad as it is.

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  26. We need a French Revolution in America.

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  27. America……What a Shit Hole!

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  28. Someone call Elizabeth Warren now!!!

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  29. In Capitalist America, Banks Rob You!

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  30. if this ever happened to me i will kill all the bank owners and dept collectors and go into hiding and i wont just kill them i will make them suffer a long painful death first i will burn him with a torch across the chest until he starts crying then i will make him call himself my bitch and lastly i will grab scissor blades that fucking 10 inches long and slowly cut his small nuts off and cram them down his throat until he suffocates or bleeds out which ever comes first i hope every one agrees:)

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  31. The entire point is GOOD SELF GOVERNANCE, not democracy.

    People have been completely brainwashed into believing that democracy means 'good self governance', it does not!

    I do not want majority of people to set policy!
    Majority of people are as stupid as a piece of shit that falls out of a dog's ass in some bushes, just about as ignorant and dumb.

    Representative Republic was created in order to maintain good government, not democracy. Democracy is an abomination, it's the mob.

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  32. I am serious and I COMPLETELY AGREE WITH YOU that dictators are NOT a good thing!

    You are not getting my point, there is no difference between oppression and tyranny of a single dictator or oppression and tyranny of a majority, that votes in gov't to run their theft and murder for them.

    I don't care WHY the gov't passes laws that affect me, is it a dictator or is it majority.

    If those laws are DISCRIMINATORY against me, then it doesn't matter who passed them, Stalin or mob.

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  33. "democracy is against individual freedoms"
    …are you serious?!
    ok…you think dictators were a good thing,I don't!!
    have a nice day,I hope you'll realize your dream,and move to north korea,where people like you would love to go and live…

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  34. kafkaesque

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  35. True

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  36. I suddenly have the overwhelming urge to beat the living shit out of a banker regardless of his guilt.

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  37. yeah you're right and i dont own a credit card either 🙂

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  38. This is unreal holy SHIT!

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  39. Just when I thought nothing else about the US would surprise me I watch this video.

    Best Country in the world hey?

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  40. The USA is spinning out of control. There were plenty of crazy stories in 2012, a record high actually. 2013? I don't even want to think about the future anymore. Why didn't the world just end in 2012, it would have been so much better.

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  41. Everyone is in cahoots with each other, they are all profiting.

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  42. Privatise profits, socialise losses.

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  43. I'm just saying if anyone who had anything to do with this awefull story/stories ended up getting stabbed mulitable times in the gut and blead to dead on the streat, the world would be a better place…

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