By Bill

July 16, 2010 8:25 AM | Link to this

@Dave, This is good new for Sheriff Phil Plummer’s political hack and retired deputies who are his “professional appraisers, lets not forget his newest addition either. These part time, walk around the house appointees are well on the way of making over $150K. It is a disgrace and Plummer needs to be replaced. What is the story on his ethic’s complaint anyway? The previous Sheriff never consorted with women with criminal records. I am a current employee who channel comments felt by a lot of us here at work everyday. Plummer is the least respected elected official in the area, don’t believe me, go ask one of them. Plummer thought he could blame everyone else for his ineptness, Sorry Dave, this type of incompetence and appraisal mess is still relevant news. Do a little investigating on what Plummer has done since this story made headlines, I’ll tell you, absolutely NOTHING.

By Rick Cain

July 15, 2010 11:28 AM | Link to this

Americans have to stop viewing themselves as consumers, and act more like citizens. Your money is your vote. Take your cash out of a mega bank, put it in a small local nonprofit Credit Union. Stop buying so much junk, its not impressing the neighbors. Get out of debt ASAP even if it hurts your personal buying habits. You may not be able to get rid of the greedy bankers and corrupt politicians but you can be part of the solution instead of part of the problem. GET OUT OF DEBT NOW. Once the deflationary crash happens, you will be wiped out because you will be unable to repay that debt because it would be too expensive to do so. Don’t invest in Wall Street, unless you like being an accessory to the biggest ponzi scheme in history.

By Homeowner

July 13, 2010 9:13 AM | Link to this

Those wondering about the continuing fall in Ohio home values might consider our property taxes in Ohio. We now are in the top tier nationwide for property tax rates. Many of us live in cities and townships that are always asking voters to add/replace tax levies every three or four months in so-called off-season “stealth elections”. Wake up Ohio! Compare our property tax rates with many mid-south states and you’ll see why more people are selling out Ohio and moving south. A friend in Kettering, who retired from the public school system, says he now pays more in property tax than he once paid on his original mortage for that house when he was working! And there is no limit to his property tax increases that he must pay on a fixed income in his retirement! Like so many others his only relief is to sell out and move south! And with the exodus of Ohio population all housing prices will certainly fall still more! Remember rising property taxes will lower the sale price anyone might pay for your house thereby eroding home values.

By David Esrati

July 11, 2010 6:40 AM | Link to this

While everyone is pointing fingers at one political party or another- why don’t you look at the system that elects these mouthpieces of the banking industry? We have a pay to play system of electing the best politicians money can buy. Look at the wages of Wall Street workers- big money in manipulating the stock market, the insurance market and the pay scale of the best job out there- the CEO of a public company who no longer takes any risk but reaps huge rewards. Wake up America- you may be a slave to a mortgage- but, it’s the misdirection of anger toward the wrong people if you blame the puppets instead of the puppetmasters.

By barry

July 11, 2010 12:05 AM | Link to this

The answer to the problems of the U.S is that there is on buy American program. This process has been used in countries with a much smaller population to create jobs and get rid of deficit. If you get 320,000,000 People buying American cars, appliances, clothing Ect. It won’t take long to get back in the black. I guess the government doesn’t want to do it, as it would offend the Chinese who they owe a lot of money.

By Max

July 10, 2010 9:24 AM | Link to this

I learned from a mortgage broker last week that states with high foreclosure rates - like Ohio - result in home owners, and new buyers, paying a higher interest rate due to the risks (according to the banks). So, those foreclosures affect the rest of us with above water notes. Until the state does something to to change foreclosure procedures, then this will continue another 5 years or more. That means less tax revenue.

By Jan

July 9, 2010 6:29 PM | Link to this

If you buy a house and you have a job and you make your payments everything is good. If you lose your job and your health benefits and no longer make the high paycheck of course you are going to fall behind in your payments THERE IS NOT ENOUGH MONEY.. but that doesn’t stop the property taxes from increasing oh and lets not forget the increse in everything else such as utilities, insurance,food an everyday living expenses.NOT all of those in forclosure are deadbeats they were/are hard working citizens that our government has let down. The unlimited check to Freddie & Fannie which is all of ours money should have come to the American people NOT the banks for a bailout. The old saying “bad things CAN happen to good people” all of us know who they are, it has affected EVERYONE in this country and those who think it hasn’t are living in a dream world.

By Dave

July 9, 2010 5:49 PM | Link to this

Hey Bill, get off the Plummer thing, its old news….Sounds like your just another old retiree that has nothing to do but stay in your house and hide and look at your computer…Plummer is doing a great job compared to the previous Sheriff….

By libery

July 9, 2010 11:49 AM | Link to this

The simple slanted truth - Why don’t you state what was in the regulatory bill the rebulicans voted down. Our housing crisis has nothing to do with state policy. This housing crisis is from policies way back in the Clinton era so if you want to pass blame start with him. Here is a fact, if the republicans were truely to blame for this crisis there would have been tons of congressional probes since the dems control congress. This only tells me the liberals are afraid to probe too deep into this issue because they are just as much to blame as anyone else.

By Fannie Mae

July 9, 2010 10:02 AM | Link to this

TJ - The bank does NOT dictate the terms of your loan to you … .unless YOU allow them to. If you signed the note, you accepted the terms. If you insist on 30 years, they will certainly give it to you. Either way, you had both eyes open. It’s NOT the banks fault.

By JustTheFacts

July 9, 2010 9:58 AM | Link to this

Simple Truth; You are another Liberal shill who doesn’t ever FACt CHECK anything. Congress has been controlled by the Democrats since the 2006 Mid-Terms. What you meant to say was that Dayton asked for help from the DEMOCRATS and were denied because Fannie and Freddie were making to many campaign contributions to the DEMOCRATS. Great story though!

By Barbara

July 8, 2010 11:33 PM | Link to this

I am so tired of the blame game. Use to people waited until they could afford to buy but now its CREDIT. Well you have to pay or you lose it.

By Bill

July 8, 2010 8:35 PM | Link to this

Hey this is good news for Sheriff Phil Plummer’s political hack and ex-deputy appraisers. Looks like they are going to be cashing the big 150K+ check again this year. Heard he hired a new female to take his sister’s place, wonder what the connection is on that one.

By cheech

July 8, 2010 8:05 PM | Link to this

15 year loans do have higher payments BUT will save you thousands in interest. That greedy bank trying to save you thousands of dollars. Always plan for the worst when making major purchases. If your purchase is going to require 2 incomes, you can’t afford it. Read just the facts comments. Sal Eddy needs to cover the red stripe on his pants and remove the star from his hat. Reported 13% of mortgages in trouble means 83% are doing just fine, let’s bail out the 13% who put themselves in the position they’re in.

By Cheech

July 8, 2010 8:03 PM | Link to this

15 year loans do have higher payments BUT will save you thousands in interest. That greedy bank trying to save you thousands of dollars. Always plan for the worst when making major purchases. If your purchase is going to require 2 incomes, you can’t afford it. Read just the facts comments. Sal Eddy needs to cover the red stripe on his pants and remove the star from his hat. Reported 13% of mortgages in trouble means 83% are doing just fine, let’s bail out the 13% who put themselves in the position they’re in.

By cheech

July 8, 2010 8:02 PM | Link to this

15 year loans do have higher payments BUT will save you thousands in interest. That greedy bank trying to save you thousands of dollars. Always plan for the worst when making major purchases. If your purchase is going to require 2 incomes, you can’t afford it. Read just the facts comments. Sal Eddy needs to cover the red stripe on his pants and remove the star from his hat. Reported 13% of mortgages in trouble means 83% are doing just fine, let’s bail out the 13% who put themselves in the position they’re in.

By David

July 8, 2010 4:57 PM | Link to this

to Sal Eddy, you cannot blame republicans for NAFTA. Does anyone remember Bill and Hillary … NAFTA we HAFTA?????

By Craig

July 8, 2010 4:55 PM | Link to this

How is that hope and change working for you?

By Raymond Ackman

July 8, 2010 4:51 PM | Link to this

The U.S.A. is becoming a 3rd World Nation.

By TJ

July 8, 2010 4:48 PM | Link to this

Here is what I see, honest, hard working people that have an income buy a house, ask for the mortgage to be 30 years, bank says no make it 15 years. Pressure new homeowner, they make it 15 years and 5 months later one income is lost in the downturn of the economy. Bank refuses to adjust back to a 30 year that they could afford on 1 income. Sounds like GREED to me, from the bank.

By the simple truth

July 8, 2010 4:37 PM | Link to this

A couple of years ago when the City of Dayton / Cleveland etc passed laws against predatory mortgage leading. The banking industry ran to the Republican controlled Ohio House & Senate to have the protections repelled. If the Republican’s had not cared more about Big Business then the little people we would have not been in this mess.

By Bill

July 8, 2010 4:26 PM | Link to this

Buck, It was not the lack of oversight and regulations that created this mess. It was people being greedy and buying houses they could not afford. Personally I like the fact most of those people lost there dream home.

By JustTheFacts

July 8, 2010 4:22 PM | Link to this

Buck & Bill: You both need to quit hugging Chris Matthews and get yourself a little education. The Mortgage Crisis was caused by the 1999 Community Reinvestment Act and the Gramm-Leach-Bliley Act (Same Year). REPUBLICAN Senators warned Congress about the impending colllapse and proposed legislation. (TWICE) Both times it was blocked by Democratic Senators. The last time it was blocked by Democratic Senator Chris Dodd, then Chairman of the House Banking Committee. He didn’t want poor people to be denied the American Dream, even though denying them a loan they darn well couldn’t afford made perfect sense.

By Buck

July 8, 2010 4:00 PM | Link to this

IIRC, it was BUSH was the President when the Economy Imploded !! Lack of Government oversight and lack of Regulations are the ROOT CAUSE of the Mortgage and Bank Crisis! This is the direct result of Capitalism gone amuck !!!! Don’t tell me what to do Conservatives destroyed this country!

By Bill

July 8, 2010 3:54 PM | Link to this

Conservatives in DENIAL about WHO it actually was that made the bad loans in the first place !! Why in God’s name would a Bank lend money to a person with BAD CREDIT ??? One word !! GREED !!!!!!!!!!!! NOTHING ELSE !!! GREED !!!!!!!!!!!!

By theshawn

July 8, 2010 3:31 PM | Link to this

You can’t talk economic logic with a liberal, they only respond to emotional whining. Don’t waist your breath on Sal Edy types, they can’t be reasoned with.

By Continue the mayhem...

July 8, 2010 3:02 PM | Link to this

I have no income. Loan me money to buy a house. Loan me the money to buy the house because Senator Barney Frank has told you, that, if you don’t, he’ll “bugger you” politically, finacially, or actually “bugger you”, (which he prefers). Then…as you can’t pay for the house (you..and millions of others) blame it on the Republicans, who warned, more than once, that allowing people to buy houses they can’t afford/aren’t qualified for/will cause a collapse of the housing market. How simple was it? Very simple…and the blame is placed exactly where Barney, the speech impediment spincter speaker knew it would be. If only Barney knew positive things…his sphincter would be more at peace.

By liberty

July 8, 2010 2:56 PM | Link to this

Sal Edy - you are an idiot captialism is alive and thriving and is out performing government by miles. The government is running a 11 trillion dollar debt. All of Europe is going bankrupt and the US will be next. Maybe the government should learn smoething from the private sector and actually learn to operate in the black. This housing crisis is the fault of the liberals and its all due to fannie and freddie. Maybe you should try reading somethings other than liberal blogs and newpapers and you may actually learn some facts.

By Sal Eddy

July 8, 2010 2:45 PM | Link to this

Or just get your credit cards out and charge your payments just like you people did thru the 90’s and 00’s. Damn stupid “ownership society,” “small business is everything,” “make it in China, who needs jobs” Repukelickan a$$es. How’s your NAFTA now you consuming pigs?!? Capitalism FAILED!

By SmartPeanut

July 8, 2010 2:39 PM | Link to this

I’m wondering what everyone expects? The government rolls out programs where you are rewarded for defaulting. A person who can afford his mortgage gets a 5.5% fixed interest rate, but someone who can’t afford it gets an interest rate as low as 2% (HAMP). So, of course more people are going to default on their loans in order to qualify for the better terms.

By Katherine

July 8, 2010 2:37 PM | Link to this

Fewer and fewer people are believing the recovery Obama keeps spounting about. Recovery my eye

By Uncle Andy

July 8, 2010 2:21 PM | Link to this

Way to go Obama and Schmuckland, you Socialists!

By Dave

July 8, 2010 2:04 PM | Link to this

Lets just put more levies on the ballot. That solves everything.