The only thing that surprises me about this is that I am surprised
California could ban lender-initiated home foreclosures, under a proposed amendment to the state’s constitution that would make home ownership a fundamental right. … The Foreclosure Modification Act, a proposed citizen’s initiative, would ban mortgagees from foreclosing on owner-occupied dwellings in the Golden State. It would further require banks and other lenders to help mortgage borrowers struggling amid financial hardship or illness.
California could ban lender-initiated home foreclosures, under a proposed amendment to the state’s constitution that would make home ownership a fundamental right.
…
The Foreclosure Modification Act, a proposed citizen’s initiative, would ban mortgagees from foreclosing on owner-occupied dwellings in the Golden State. It would further require banks and other lenders to help mortgage borrowers struggling amid financial hardship or illness.
I can’t even put into words my shock at this. That people can be THAT economically illiterate is beyond comprehension. I keep joking these people would attempt to repeal the law of gravity to save all the Golden Gate suicide jumpers but I better be careful – someone might get an idea and try it.
Now, #gunblogger_conspiracy regular Phssthpok made this comment
Phssthpok said... “It is a fundamental right for every Californian to purchase and own a home and real property. As such no township, city, county, municipality, corporate entity, the Legislature or agents thereof shall infringe on this given right of the State of California to its citizens.” Tell me...what is the penalty for not paying property 'tax'?
Don’t pay the bank, you’ll keep your house. Don’t pay the state? Totally different story.
I almost want them to pass this law. Might as well break the system sooner so the resulting chaos serves as a warning to the rest of what’s left of America.
By the time I added up all the costs of transplanting to Nev, mostly legal, but also including $800/yr for a California license to run a business in Nevada (!!!),