Foreclosure Quotes

• Giving debt relief to people that really need it, that's what foreclosure is.

  J. P. Morgan

  People, Giving, Relief

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• Trapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up their rooms and on parents struggling to find a temporary roof is a deep one.

  Sheldon Whitehouse

  Children, Real, Struggle

  16 Copy quote

• A foreclosure does not define you financially.

  Michelle Singletary

  Doe, Define You

  "Color of Money Live". The Washington Post Live Chat, live.washingtonpost.com. January 21, 2016.

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• Don't try to stop the foreclosure process. Let it run its course and hit the bottom.

  Mitt Romney

  Running, Crazy, Trying

  "Bill O'Reilly: The big news out of New Hampshire". "The O'Reilly Factor" with Bill O'Reilly, www.foxnews.com. January 11, 2012.

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• The newest victims of the nation's foreclosure crisis are pets, which is extremely distressing to me.

  Margaret Cho

  Pet, Victim, Crisis

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• The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.

  Mark Zandi

  Fall, Keys, House

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• The moral angle to the foreclosure crisis - and, of course, in capitalism we're not supposed to be concerned with the moral stuff, but let's mention it anyway - shows a culture that is slowly giving in to a futuristic nightmare ideology of computerized greed and unchecked financial violence.

  Matt Taibbi

  Giving, Greed, Culture

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• We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.

  Mary Elizabeth Lease

  Home, Government, Sharks

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• Well, actually, if you can stay in your home that is a better deal for the neighborhood. It's certainly a better deal for the person that is in their home, rather than to be on the street and for that house to go into foreclosure and become a problem for the whole community.

  John Garamendi

  Home, House, Community

  "Democrats Mulling New Housing Bailout Plan". "Your World" with Neil Cavuto, www.foxnews.com. October 27, 2011.

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• Your heavenly home was bought for a price, and that payment results in a title deed that can never be lost through foreclosure.

  David Jeremiah

  Home, Titles, Deeds

  19 Copy quote

• People want what they want. And I guess that is a reason we have this big credit card problem and a lot of these foreclosures.

  Chris Rock

  People, Cards, Credit

  Source: www.avclub.com

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• Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

  Mark Zandi

  Maturity, Years, Three

  7 Copy quote

• The Great Depression was going on, so that the station and the streets teemed with homeless people, just as they do today. The newspapers were full of stories of worker layoffs and farm foreclosures and bank failures, just as they are today. All that has changed, in my opinion, is that, thanks to television, we can hide a Great Depression. We may even be hiding a Third World War.

  Kurt Vonnegut

  War, People, May

  Kurt Vonnegut (2009). “Bluebeard: A Novel”, p.92, Dial Press

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• African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.

  Jill Stein

  Disappointment, Thinking, Average

  Source: www.justicenewsnetwork.com

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• While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

  Ben Bernanke

  Years, Rising, Delinquency

  "Explaining FinReg: Shadow bank runs, or the problem behind the problem". voices.washingtonpost.com. June 20, 2007.

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• Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs.

  Brian Sandoval

  Jobs, Government, Unemployment

  54 Copy quote

• President Obama's re-election campaign said that this year they'll knock on 150 percent more doors than they did in 2008. Well, of course they will. They have to. There's so many foreclosures it's tough to tell where people live.

  Jay Leno

  Doors, Years, People

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• Today's misery is real unemployment, home foreclosures and bankruptcies. This is the Obama Misery Index - and it's at a record high. It's going to take more than new rhetoric to put Americans back to work - it's going to take a new president.

  Mitt Romney

  Real, Home, President

  "It's All About the Jobs". Mitt Romney's speech at the Conservative Political Action Conference in Orlando, Florida, www.foxnews.com. February 11, 2011.

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• Trying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have to put some public money into it or you have to do other things that are politically unpopular. From the macroeconomic standpoint there is overwhelming need to help people reduce what they owe so that we don't get the foreclosures and we don't get people kicked out of their homes. On the other hand, there is great resistance politically to helping people, not all of whom would be worth recipients of the help.

  Barney Frank

  Home, Mean, Hands

  "The Political Scene: Barney's Frank Opinions". Interview with Michael Guerriero, www.newyorker.com. December 9, 2011.

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• Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

  Brian Sandoval

  Unemployment, Nevada, Rate

  "Brian Sandoval RNC speech". www.politico.com. August 29, 2012.

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• A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

  Alan Greenspan

  Home, Years, Levels

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• After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.

  Thomas Sowell

  Government, Practice, Tunes

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.21, ReadHowYouWant.com

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• Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

  Walter E. Williams

  Government, Credit, Debt

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• I didn't know anything until December 2004 when I went to purchase a vehicle and was told there was a foreclosure on my credit and I wouldn't be able to get the car. I've still got a red flag on my credit.

  Claude Brown

  Red Flags, Car, Credit

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• I want to talk about jobs, the economy, foreclosures. I want to talk about energy prices.

  Dean Heller

  Jobs, Energy, Want

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