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Comments made by CarlosEscondido

Underwater Homeowners Start To Lose Patience

I disagree, in some respect, with the article. Many banks are simply servicing loans for unidentified noteholders/investors. As such, Battiata's assertions that it is very difficult to get a loan mod. approved are correct. This is so because the servicing banks stand to gain from a non-judicial foreclosure fees charged to the investor. Moreover, because many properties of which loans have been securitized, the servicing bank must follow complicated guidelines set forth in a Pooling and Service Agreement affecting the realty. For example, if the investors/parties to the PSA stand to lose by virtue of a loan mod., and it is further determined that the Net Present Value of the property, if sold in a Trustee Sale will result in gains, then decisions for the latter are heavily considered. For these, and other reasons, don't expect any sympathy from the lenders and servicing firms whose main goal is to increase their bottom line.

March 14, 2012 at 12:18 p.m. ( | suggest removal )

Escondido Police Under Fire

The article reminds me of Martin Niemöller, who wrote:

"First they came for the Socialists, and I did not speak out -- Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out -- Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out -- Because I was not a Jew.

Then they came for me -- and there was no one left to speak for me."

Social injustice develops and thrives when we quietly accept it. The EPD along with its supporters in the Mayor's Office, has a long, well-documented, pattern of misconduct, bigotry and other unbecoming behavior. Indeed, the City has, on at least two occasions, been ordered by Federal courts to pay hefty legal fees in connection with its unlawful practices. Here, it would appear, the EPD aided by its endorsers, are engaging in fraud by applying for funds intended for other purposes; is manipulating accouting documents to circumvent existing rules and laws, and quite possibly is utilizing the funds to pay bonuses to its higher ranking members. All at the expense and misery of undocumented aliens.

March 12, 2012 at 12:43 p.m. ( | suggest removal )