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New York group performs exorcism on Chase bank, the “evil empire”

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A New York Communities for Change study points to failed HAMP results and claims JP Morgan Chase has refused to modify loans responsibly. “Affordable, permanent, transparent, and timely mortgage modifications using principle reduction are necessary to protect New York families, communities and economies.”

As a result, Churches United to Save and Heal (CUSH, a New York coalition of dozens of religious leaders) recently organized a protest in front of JP Morgan Chase’s world headquarters on Park Avenue in New York City to rid the bank of the demons of “selfishness and avarice,” based on the aforementioned study’s findings that 6% of New York homeowners seeking a loan modification have gotten it in the past year, leaving 94% unserved.

The group, led by CUSH leaders Bishop Orlando Findlayter, Minister Patricia Malcolm and Reverend Allan Ramirez met to perform an exorcist on the bank. Although not performed in the traditional sense as by the Catholic church, the group organized to “sprinkle holy water on this evil empire,” Reverend Ramirez said on the sidewalk of Park Avenue.

The group met and began the ritual against “unfair practices as it relates to the modification of mortgages.” They attempted to enter the Chase building and were told by security that Chase was closed, but buy waiving their blue Chase cards and asking to close their account, the religious leaders gained entry to the building to finish the ritual as they waited for their accounts to be closed.

On May 24, 2010 CUSH organized a protest in Lower Manhattan, calling for immigration reform, resulting in civil disobedience arrests of Bishop Orlando Findlayter and 36 others, according to Findlayter.

According to Malcolm, Minister and Huffington Post blogger, on March 18th at noon, United Auto Workers National President, Bob King will be joining their next protest in New York at the same Chase location to “fight against the bank’s predatory practices.”

Malcom says “everyone who is disgusted by the attacks on homeowners and workers because of Chase’s recklessness needs to be heard as well. That is why this fight continues.”

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17 Comments

17 Comments

  1. Jim Lee

    March 14, 2011 at 10:42 am

    This is novel. I hope they don’t ask Chase to repent next.

    • Lani Rosales

      March 14, 2011 at 12:45 pm

      Jim, wouldn’t THAT be interesting!?

  2. Benn Rosales

    March 14, 2011 at 12:28 pm

    Amen – lol this is awesome!

    • Lani Rosales

      March 14, 2011 at 12:46 pm

      I agree! I’ve never heard of an exorcism at a protest, that’s an interesting approach. Also, I like the part where they aren’t allowed in, so they flash the bright blue Chase card…

  3. Mel

    March 20, 2011 at 7:13 am

    I hate that ripoff thieving crook ass bank. Helping America my ass…Ripping off the taxpayers and poor in America more like it.
    Greedy bastards!

    They tried stealing the equity in my house. They would never give me a payoff quote. By the time I hired loan sharks, lawyers, realtors, paid fees fines etc…I lost 50k…What kind of rip off bs is that where you can’t sell your house withoff a payoff quote from them. All they have to do is string it out till you fall so far behind thay take your home from you. I had many sales fall through all for more money.

    I would call them and they and then wait a week and they would say they never talked to me or would always refer me around someswere else.Over and over and over again. I would call trustee and they would say it would take a week or two. After a week or two they would say I had to call Chase…back and forth. Finally after more than a month they would say they couldn’t get a payoff quote because Chase computer system is being redone and I would have to wait..all the while my house is getting closer and closer to the auction date. I call Chase they have the same computer system they always had and I will have the quote in about a wek or two…a week or two they have no idea and have to start over. I came one day from burning that house down and killing myself. I had an angel of a realtor helping me record. photo copy, get me loan sharks talk with them for hours on end or I would be dead today.

    I had to photo copy, duplicate everything and finally threaten their lawyers with lawsuits. They are the most evil I have ever dealt with. Everytime I would call I would have to start all over again and each time wait a week or two in between. Then call for payoff quote and have to do it all over again. That is motis operandi.

    They are evil and when their CEO gets to be Treasury Secretary we are all screwed.

    Helping America my ass. Ripping off the poor and tax payers more like it. Evil, Evil, Evil and I hope they all burn in hell. The stress they put me and what they put others through is criminal at the very least.

    I haven’t read one positive thing about them yet other than their propaganda commercials that they spend millions of our hard earned money on. Burn in hell Chase!

  4. bennett

    June 4, 2011 at 1:47 pm

    Exorcisms and flash mobs are coming to a bank near you – or as Obasma famously said once to a group of banksters, "Gentlemen, (?) if you do not mend your ways they will come at you with pitchforks and torches"

    What ever happened to President Obama since then?

    Ever tried to get a mortgage modified? Pigs will fly first.

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Austin

Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?

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Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

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Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.

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aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

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Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.

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Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

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