Tine Griego and foreclosures
Ms. Griego’s whine goes on.
She touts her good judgment writing “we decided to play it safe” and purchased a lower priced house, meaning one she could afford. Too bad many others, now being foreclosed, lack the same good judgment. Then she goes on to admit committing the typical financial suicide step of refinancing and withdrawing equity, twice (to pay for a vacation, no doubt). Now, she owes more than she paid for the house.
Financial judgment is a fundamental requirement, not a right bestowed by the government. Those that fail to employ sound financial judgment pay the penalty. That penalty is not “the grand screwing of the American worker", as Ms. Griego quotes. Rather, a reasonable law of economics.
Ms. Griego wants to yell ‘fire’. To whom? For what remedy? Having read Ms. Griego’s “save us from all harm” due to our ignorance tripe, I’m sure she wants the government to insure no one is ever foreclosed.
Be damned with the investor that provided the money, or better yet, have the government pay the mortgage payment. Such a deal.
This letter has not been edited.
Can't Tina count?
Posted by on July 19, 2007 02:17 PMIf this were truly a just world, Ms. Griego would lose her job to a Border Street Illegal, and then lose the house to foreclosure.
Posted by Philip on July 19, 2007 02:26 PMIf it were white, black, asian or any other ethnic group losing their home Griego wouldn't even bother writing an article.
Since they were Hispanics she rushes right in and slams out a boo hoo poor hispanic, poor illegal column ONCE AGAIN!!
I am sick of these Boo Hoo stories about Mexicans? There are OTHER ethnic groups in the U.S. besides Mexicans that have sad tales to tell. I'm glad I don't read Griegos column on a regular basis I might just barf!
Who the hell is "Tine" Griego?
Posted by truthy on July 20, 2007 05:22 AMLaw of supply and demand! More illegals..more demand for housing..higher costs. Poor Tina, didn't you think your racial views would effect you? To increase the quality of life for illegals, citizen's quality of life decreases. Lower your expectations for housing, health care, education and goods and services. Do it for your race Tina, thats what is important to you anyway. Be comforted.
Posted by Tom on July 20, 2007 06:10 AMTina is from New Mexico. She obviously expects the taxpayer in Colorado to bail her out like the state of NM bails out the illegal aliens in NM. She is an advocate for the Latin Amerian socialist state. What a SIcko.
Tina They have very good bargains in Mexico. Why don't you go there.
Posted by RON on July 20, 2007 09:02 AMTina They have very good bargains in Mexico. Why don't you go there.
Posted by RON on July 20, 2007 09:03 AMTina has no common sense at all. Just a pity me and my poor hispanic population of illegals. Think positive Tina, all of the foreclosures will bring down the house prices so more illegals can afford to buy one.
Then the cycle can keep repeating itself until most of Denver looks like Mexico. Sanctuary for illegals has it's benefits!!
2:17 asks: "Can't Tina count?"
Hell, she can't even write, how should she be expected to count?
Posted by W on July 20, 2007 10:07 AMAnyone have some criticism for the loan industry, as well - or just for your fellow American citizens who are getting screwed over by it?
I wonder if any of you are aware of the "Loan to Own" concept - if you're in the loan industry, you know very well what I'm talking about. If you don't, you should look it up. It might save you from getting foreclosed on yourself one day.
Posted by mytwosense on July 20, 2007 11:11 AMmytwosence wonder how many of these posters got nailed by variable rate loans or the "loan to own" or stuck with a hugh baloon payment or nailed in some other inventive fashion by the loan industry.
Posted by Sharon B. on July 20, 2007 02:23 PMVariable rate loans and balloon payments are always signed for by the homeowner. Yes, the loan companies offer them because they are good for their industry and look enticing to consumers. But it is still the responsibility of the person signing the contract as the homeowner to keep out of foreclosure.
I simplistic terms, if you loaned $5,000 to someone you did not know and had them sign an agreement to pay you back but didn’t would you just choke it up as a lose to your personal finances, or would you take them to court?