Ohio Man Facing Foreclosure Locks Self In Home

[Amerigo Vespucci]

Run time: 01:54 https://www.youtube.com/watch?v=AkISp1pyHl4   Posted on YouTube: May 03, 2010 By YouTube Member: WUPW Views on YouTube: 46   Posted on DU: May 04, 2010 By DU Member: Amerigo Vespucci Views on DU: 981

 

http://www.huffingtonpost.com/2010/05/04/keith-sadler-ohio-man-fac_n_562286.html

Keith Sadler: Ohio Man Facing Foreclosure Locks Self In Home (VIDEO)

HuffPost/AP First Posted: 05- 4-10 08:49 AM | Updated: 05- 4-10 08:59 AM

STONY RIDGE (AP) -- A northern Ohio man who is being evicted from his home locked himself inside and is vowing to stay until a moratorium is declared on foreclosures.

The man along with five members of a group called the Toledo Foreclosure Defense League began their show of defiance Sunday.

Keith Sadler says he's done everything he can to save his home near Bowling Green, but lenders won't work with him.

He says he got behind on his mortgage last year after he had surgery and lost his job.

Sadler said he's lived in the home for 20 years and has a lot of work and memories in it.

The county sheriff says he's given Sadler extra time to get things settled and that he has no choice but to evict him.

[TwilightGardener]

1. "Homes are not a privilege, they are a RIGHT!" --Well, no.. that's where they lose me.

I think HOUSING (renting, shelters, etc.) should be a right, but actual home OWNERSHIP is not a right.

[Jumping John]

2. Well Maybe it should be put that scamming home buyers is a right and a privilege for banks.

[TwilightGardener]

3. Honestly, I don't know if this guy was "scammed" or not--he's had the house

for twenty years, before the big subprime/housing bubble fiasco. You'd think he would have enough equity to sell it and still make some money, if he couldn't afford the mortgage. That's the kind of hard choice that a lot of other homeowners have had to make.

[Jumping John]

6. I am sure that the subprime/housing fiasco is a right and privilege of the banks and this guy could

well find his home is worth less in the financial crisis that Bush did not allow his so called "government" to reveal. And the monies provided for the banks to use to help this guy and others like him are not being used by the banks. Of course that is the banks right and privilege not to work to help this home owner.

[Plucketeer]

8. Bear in mind...

...we're talking about an area that's been truly hammered with respect to real estate. My eldely uncle has had his modest but nice Toledo area home for sale for two years now. With him in his 80s, I think it's gonna be a part of his estate.

[web978]

5. Maybe a right to renegotiate

[web978]

4. Think could turn real ugly

[BobbyBoring]

7. The biggest sham

in the history of this country. Yes, the guy did have the house for 20 years and yes, I'm sure he had equity in it. I'm also sure that like everyone else who owned a home in the US, he was bombarded with offers from lenders. "Build your dream pool today" you deserve it! In Bushs "Ownership Society", there was never mention of being able to afford something. Just spend, spend,spend! Our "Government" set great examples too! I used to tell people all the time to put Bushonmics to work in their household. Get rid of a lot of your income, then spend like there's no tomorrow and see what happens.

Well, we're seeing what happens now. I hope this guy does hold out. I've read that a big percentage of foreclosures are illegal because no one knows where the original documents are. They were sliced and diced and sold world wide. Oh well~

[crazyjoe]

9. if your stupid enough to take financial advice from Bush, you deserve

to lose your house. Stupid people should rent if they don't understand that you have to pay borrowed money back.

[maTRIarch]

10. Heartbreak and Reality.

My husband and I did go through foreclosure about 20 years ago. We had a pretty sad story, but the saddest part was that we bought a home we could not afford. That home is now worth several million dollars, and we haven't owned a home since. I never considered home ownership a right, and it was certainly a privilege we abused. My father--who grew up during the depression, and never used a credit card in his life--gave us a substantial chunk of money to put towards the down payment, and the embarrassment we faced when we lost the house was punishment enough.

We were naive, and we were very optimistic about how much income we could generate. Nothing like a dose of reality to help you grow up...