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They upped the rice. buyer backed out. we waited for another buyer. we had to start the process over i think about three different times because the lender selling the mortgage off to different companies. when are you in a short sale and new servicers come in, it s like you are starting all over again. they want the same paperwork you provided. i understand. weren t there some liens against the property that caused some problems? there were some liens from the trash company and water company. hoa. hoa, of course. finally it was resolved. you got the house short sold. now everything is out of your name, and you can now move on. you re in a new place, and life is better. life is great right now. the house sold in october of last year in 2014. now it s on, and we re ready to rebuild. it s a frustrating process. nothing happens quick when it comes to dealing with lenders, but at least we got the problem resolved, and thanks for the opportunity to try to work with you to get i ....
All right. the word of the day is obfuscate, the president getting a little laugh from his audience as he talks about initiatives he is putting in place to give more americans access to a program that lets them cap their payment at 10% of their income, saying he would like to renegotiate with the servicers of some student loans like sallie mae to get more flexibility, saying he s going to work with businesses, he s going to work with student associations, teacher associations and even turbo tax and tumbler, another reference that got a chuckle out of the audience and then the president going off the prepared text and say you d think ....
Important thing. there s so much litigation in this universe. it can get confusing. who s suing who, who settled with who? the key thing to understand is there was a period of time when there was just a massive amount of foreclosures in this country that were just, like, working their way through the system. i think of it like the snake eating, like, eating the pig. right and you see the shape of the pig inside the snake. that was the foreclosures working their way through this bank system. and it was more than they could digest. and they had an incentive, right, alexis? i mean, this is the key thing i want you to illuminate here, right? when you read the complaints like the one that were filed privately or by the ones that have been filed by state attorneys general, the question is why? why are they stringing along people? will you answer that question for me? are they just doing this to mess with people s lives. they re doing this to make money. the servicers are incentivized to pu ....
With who? the key thing to understand is there was a period of time when there was just a massive amount of foreclosures in this country that were just, like, working their way through the system. i think of it like the snake eating, like, eating the pig. right and you see the shape of the pig inside the snake. that was the foreclosures working their way through this bank system. and it was more than they could digest. and they had an incentive, right, alexis? i mean, this is the key thing i want you to illuminate here, right? when you read the complaints like the one that were filed privately or by the ones that have been filed by state attorneys general, the question is why? why are they stringing along people? will you answer that question for me? are they just doing this to mess with people s lives. they re doing this to make money. the servicers are incentivized to push people into foreclosure. the servicers are the ones who get the monthly loan payments from the homeowners. the ....
I think of it like the snake eating, like, eating the pig. right and you see the shape of the pig inside the snake. that was the foreclosures working their way through this bank system. and it was more than they could digest. and they had an incentive, right, alexis? i mean, this is the key thing i want you to illuminate here, right? when you read the complaints like the one that were filed privately or by the ones that have been filed by state attorneys general, the question is why? why are they stringing along people? will you answer that question for me? are they just doing this to mess with people s lives. they re doing this to make money. the servicers are incentivized to push people into foreclosure. the servicers are the ones who get the monthly loan payments from the homeowners. there s the investors who are sitting, you know, as recipients of complex mortgage-backed securities that brought down the financial system. investors are helped if people get loan modifications. ri ....