The Arizona Senate, in its “wisdom”, is actively considering a bill which would require anyone whose mortgage is foreclosed, or whose house is transferred by short sale, to reimburse the lender for any amount over the sum recouped by said bank. It is said by the bill’s author that this is necessary, in order to not cheat the small investors whom the bank represents. I am among those who are currently short-selling a house. My mortgage payments went adrift when my late wife and I were dealing with her failing health, and the peripheral expenses that come with day to day living. We went through bankruptcy, put the house up for short sale, and began waiting. She passed away ten months ago. I am still waiting, still in the process, with help from a competent real estate agent. As I stated in an earlier post, I am anticipating being asked to make amends for the difference between the short sale price and the actual mortgage, in the event this bill passes and is signed into law. I am not a gold-digger, or a leech, and so will work with the “small investors”, as the law requires. I do have a couple of questions, though. 1. In 2009, the Obama Administration released billions of dollars to several large banks, my mortgage holder among them. This was to- HELP THE BANKS RECOUP THEIR MORTGAGE LOSSES! It must have been a drop in the bucket, because now, people are running to their conservative, “Tea Party” politicians, saying they are losing millions of dollars to the feckless, irresponsible foreclosees. Where did all the money go? 2. Much of the overage, which State Senator Jack Harper and others want to see come out of our pockets, is due to interest charged at a rate well above 12% APR. Time was, such an interest rate was usury, forbidden by law as exorbitant. The question begs answering: How much money does any individual, any corporation, really NEED? I know what many people WANT- as much as they can get! What do they NEED? Maybe I will hear from thoughtful people about this, instead of the current-“The crazy pinko liberals want to destroy capitalism”. It was the liberals who gave the banks their 2009 bailouts. The liberals (I’m NOT one of them, by the way) are not the problem here.
Monthly Archives: January 2012
2012
This is where I can get very real about 2012, and the period immediately following- up to 2020.
I will try my level best to be on WordPress every day. Since I missed January 1, there will be two posts today. That’s okay, since the government and the finance industry are calling this “New Year’s Day”, as well.
Here are the first goals that come to mind, for me as an individual this year:
1. Restructure my financial portfolio, such as it is. The first step has already been taken- the nest egg is in good hands. Next, I’m switching from whole life insurance to a mix of money ops, one of which is, of course, to make sure my survivors can bury me with dignity when the time comes. Another is seed money, so that I might actually grow enough capital to pay back the people who are supposedly so egregiously wronged by the short sale of my home. It may not happen quickly enough to satisfy the government of Arizona, but I believe fair is fair. Besides, I wasn’t brought up to expect handouts without reciprocation. The rest will go to taking care of things like taking the course I need in order to continue teaching and counseling, and getting my passport- for those times when I might like to visit my fellow humans across an artificial border.
2. Continue to update my family tree, at least on my father’s side. I want to get in touch with more cousins during the next three months, and join Ancestry.com, to get further along the history train’s earlier tracks. My uncle got as far as the 1600’s.
3. Establish Prescott chapters of ChildHelp USA and Stand for Children. The first organization cares for abused and neglected children. The second, works on educational issues.
4. My faith is very central to my being. I’ve been told, bye the bye, that my assistance is desired on a higher level. I will keep my time open, in case that actually turns out to be true.
5. Those who know me, know that travel, the outdoors and human heritage are all very important to me. These interests will continue to be honoured in 2012. I’m hoping a cousin of mine will be in Arizona, later this month, and I will join him in Tucson, if so. Otherwise, I’ll just boogie on down to Arizona’s First City at the end of the month. Other places await, as the year unfolds.
A Sagittarian Seeker 