The Real Estate Bloggers

1 Million Foreclosures in 2010

Posted: 21 Aug 2010 08:20 AM PDT

If this number does not curl your toes, nothing will. 1,000,000 foreclosures means 1,000,000 families fearing they will be moving out of their home. 1,000,000 families lives will be turned upside down. 1,000,000 buildings will have to be processed and sold. This is not pretty by any means.

Just sayin’.

RealtyTrac reported that the number of U.S. homes lost to foreclosure surged in July to 92,858 properties, up 9 percent from June. The pace of repossessions has been increasing and the nation is now on track to having more than 1 million homes lost to foreclosure by the end of the year. That would eclipse the more than 900,000 homes repossessed in 2009, the firm says. via Breitbart

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1 Million Foreclosures in 2010

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Mortgage Fraud Arrests in Atlanta Sovereign Citizen Case

Posted: 21 Aug 2010 07:46 AM PDT

With so many families facing foreclosure you know we will see every effort to save their houses. The Sovereign Citizen movement started originally with farmers trying to save their farms but now has moved to the suburbs.

Essentially by declaring oneself a “Sovereign Citizen”, the person is saying they renounce their citizenship and are a law unto themselves. This is boiled down and simplistic, but it does capture the essence of the movement.

Now I personally feel that the people doing this are disingenuous at best and narcissistic at worse. They will take all the safety and security we as a nation provide without bearing any of the responsibility.

Sure the people are trying to save their house, but imagine if police put signs up saying they have no jurisdiction on the person’s property and any actions done to them within the confines of their home and land will not be prosecuted?

I doubt this is the result these families were looking for.

Ivan Willis Taylor and his wife, who goes by Princess Donya Taylor, have declared themselves sovereign citizens. The windows of their Stone Mountain townhouse are plastered with signs telling everyone the couple is immune to Georgia laws, according to Channel 2 Action News.

Stone Mountain police and Rockdale county sheriff’s deputies were able to easily nab the couple because their car, with fake diplomatic tags, had flat tires.

Princess Taylor is now charged in Rockdale County with residential mortgage fraud. She was previously evicted out of a house in Conyers. Her husband is accused of forgery and making a false statement. via the AJC

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Mortgage Fraud Arrests in Atlanta Sovereign Citizen Case