Man Guts Home, Gets Jail Sentence

PREDATORY LENDERS MAKE BILLIONS ON FORECLOSURES

You sure don’t want to go to jail for keeping your own things. Leave it all, dead fish, rotten eggs, doggy dodo. Toss it all up in the attic where it belongs. The thieving rates want everything you’ve got, let them have it.

Rachel Coats of CA @ Nov 15, 2009 11:20:03 AM

ROCK ON!

You know, I don't know all of the details of this guy's collateral loan or what he put into the house but I ADMIRE THIS GUY FOR WHAT HE DID. These banks make you sign your life away to get even the smallest loan. Let's just say he paid for everything he took to increase the value of the house and because of hard times, the economy or whatever, the bank would be happy to sell it for 1.2 million when maybe he bought it for $200,000 and make the profit. It's common for a mortgage broker to buy a house, spend a lot of money to fix it up and turn it for a profit. So between the time he took hold of the house and before the sale, he put in and took back what he paid for. If I bought $500,000 worth of marble, tile and granite and had it imported, why would I give that "as a gift" to the bank. NO WAY! They wouldn't do it, so neither should we.

Not only that, what if his collateral loan was only for $50,000? They would sell your house to pay that off. Did you read about that woman in Utah that had her house sold for $6,000 for a $63 unpaid dental bill? She paid $51,000 in mortgage payments and they still won't give her the house back or the money she put in! It's TOTAL B.S.!!!

I think it's really sad that a court would put him in jail for preventing the bank from making money off of his efforts. It's ridiculous. No wonder he was so shocked.

And that other comment is right - if it was a German or Spanish immigrant here on a visa, they would have never pursued them like they did this guy. The justice system is just not fair.

Jaime of FL @ Jul 03, 2008 11:13:29 AM

karma

ummmm......cuz he didn,t PAY for them remember? The judge got this one right.... nothing more than a common criminal deliberately looting a house HE NO LONGER OWNED! If you took out a loan and bought a car but never made a payment and you set fire to the car before the loan holder came and repossessed it do you think you would NOT go to jail? This guy was and still is trailer park trash.

of @ Jul 01, 2008 21:18:30 PM

man jailed for taking belongings

sorry for the typos, i get typing too fast!

of @ Jul 01, 2008 03:07:47 AM