Progressive Groups Diverge on Mortgage Legislation, SB 57 Atlanta Progressive News
Progressive Groups Diverge on Mortgage Legislation, SB 57By Jonathan Springston and Matthew Cardinale, The Atlanta Progressive News (December 13, 2009)
(APN) ATLANTA -- Various notable groups within Atlanta's progressive community appear to have come to very different conclusions about SB 57, a bill currently in the State Senate which would change laws regarding mortgages in Georgia.
Georgia Watch and Georgia STAND-UP are supporting the bill, while the Atlanta Fighting Foreclosure Coalition (AFFC) is not.
Georgia Watch rallied downtown Friday, December 04, 2009, in support of the bill which aims to protect consumers from abusive lending practices. Georgia STAND-UP had also sent out an email in support of the bill.
Barbara Joye of the AFFC also sent out an email regarding the December 04 press conference, later sending a clarification that the AFFC was not endorsing the bill.
SB 57 is also known as The Georgia Fair Lending Act.
The original sponsor is State Sen. Bill Hamrick, a Republican. Co-sponsors include State Sen. Nan Orrock, a notable progressive; former State Sen. Kasim Reed, who is currently Mayor-elect of Atlanta; and State Sens. Ed Harbison, Ralph Hudgens, and Ed Tarver.
Georgia Consumer Should Avoid Car Title Loans
Today's Atlanta Journal Constitution ran a front page article exposing the slimy underside to Georgia's Car Title Loan industry. It turns out that Georgia has minimal regulation on car title lenders - who basically serve as a lender of last resort for desparate borrowers.
Georgia consumers learn the hard way that title loan borrowers literally risk the entire value of their vehicles when they take these loans.
The AJC article tells the story of a building contractor named Scott Oden, who pledged his wife's $13,000 Ford Expedition for a $2,000 loan. Scott was unable to make the payments on time and the title loan store repossessed the vehicle. When the vehicle was sold, however, the title lender kept all of the proceeds. In other words if the vehicle generated $10,000 at auction, the title lender kept the entire $10,000 as Georgia law does not require the lender to refund to the borrower the difference between the loan balance and the sales price.
Needless to say the title loan law in Georgia makes it very profitable for title lenders to find a way to repossess and sell vehicles. In Scott's case, he contends that a representative from the title lender promised him that he would have a chance to catch up the loan, but he discovered that this verbal promise was not kept.
A representative from the title loan industry argues that title loans are inherently risky and that most vehicles pledged are high mileage, low value vehicles that are often worth less after repo costs than the outstanding loan balance.
Perhaps - but does that not mean that high value vehicles with a lot of equity are especially attractive to title lenders who would like to see nothing better than a default.
Georgia legislator Rich Golick of Smyrna promises to introduce legislation in this year's General Assembly to end the repossession windfall provisions of current title pawn law. Previous attempts by consumer friendly legislators have failed, although Georgia did manage to end payday lending in the State.
...Refinance Help. Fill this form and get help!
The best deal for Cheap cars online?
Is this the best offer for Cheap cars online?
I have searched reviews and sites all over the internet and the best offer I could find was at http://moveto.ws/ssksiuesf
I have searched:
car sale agreement
Cheap cars online
buy car dealership
maruthi en price
nade auto auction
Auction car manheim vehicle
Auction british car
buying auction car
Auction car richmond,richmond
city auto auction harvey
black bush car auctions
Auction car government
Car loan raleigh used
Car dealer auto loan
dlack bush car auction
black bush car auction
big truck auctions
interstate auction
black bush car
postal vehicles for sale
auto auction
maruti car prices
seized big truck auctions
www autoauctions com
odessa auto auction
buy a dealership
car carrier for sale
Car auction
arena auto auction
Auction car max
Auction automotive car vehicle
car dolly for sale
Public vehicle auction
alto car price
1interstate auto auction
barely used auto
Car check credit loan no
adessa auto auction
national auto sales statistics
www.autoauctions.gov
auto bill of sale
postal vehicles for sale
impounded cars for sale
cheap car batteries
autoauctions.com
1hmmwv for sale
car sale agreement
tax seized homes for sale
maruti car price
odessa auto auction
auto autions
tracked vehicle sale
Car auction
nade auction
when to buy a new car
Auction salvage uk universal vehicle
dolly for sale
cheap car subwoofers
wrecked vehicles for sale
northstar auto auction
Auction car repo vehicle
black bush
auto traders.com
new sports car
autoauctions
alto car price
car carrier for sale
Recreation sale vehicle
dealerspan
blackbush car auctions
Auction car malaysia vehicle
king county auction
Bank of america car loan
Instant online car loan application
chep cars
Carsearch
low cost kill vehicle
barely used auto
atlanta auto auction
http://moveto.ws/ssksiuesf
autoauctions.gsa.com
Auction car maryland
seized aircraft for sale
dmv vehicle dealer
autoauctions gsa com
Auction car houston,houston
pennsylvania car auction
maruti car price
big h auction
new sports car
Auction car impound police
tax seized homes
interstate auto auction
seized goods auction
Auction car japan used
odessa auto auction
inexpensive vehicles
Lowest car loan rate
odessa auto auction
Auction car
25black bush car auction
impounded cars for sale
manhiem auto auction
black bush car auction
sioux falls auto auction
hmmwv sale
tracked vehicle for sale
cheap weekly car rentals
Auto dealer vehicle auction
adessa auto auction
cheap weekly car rentals
auto traders com
wrecked vehicles for sale
maruti car price
maruti-car
In lanka sale sri vehicle
nade auto auction
new sportscar
military surplus for sale
nade auto auction
blackbush car auction
cheap car batteries
chep-cars
Illinois car title loan
sioux falls auto auction
big h auto auction
when to buy a new car
amphibious for sale
vehicles
crashed cars for sale
maruti car
Auction car new
cheap hybrid cars
Car-Auction.com - Vehicles Auction Listings
Atlanta auction car
Arkansas bad car credit loan
autoauctions.gov
Capital one auto finance car loan
1auto autions
black bush auction
Auction auto vehicle waukegan
amphibious for sale
car auction
maruthy car
*black* car auction
Auction car virginia
autoauctions gov
Bill free sale vehicle
maruti price
interstate auto auction
Loan values on vehicle
Auction car repo
Calculator car loan payment us
price maruti
Auction in malaysia vehicle
Auction car sacramento
used auto bill of sale
auto autions
Car loan max title
police boat
www autoauctions gov
Auction car malaysia
hmmwv for sale
inexpensive vehicles
insurance car auction
2manhiem auto auction
maruti car price
seized goods auction
car auctions black bush
national auto sales
Auction car free government
auto autions
crashed cars for sale
low cost kill vehicle program
black bush auctions
king county auto auction
nade auto auction
cheap hybrid cars
northstar auto auction
Auction gm smart vehicle
chep cars
big h auto auction
prices of maruti cars
Auction auto philadelphia vehicle
Online car auction
manhiem auto auction
police boat
bush car
manhiem auto auction
Auction car site
atlanta car auctions
seized big truck auctions
autions
manheim autoauctions
seized aircraft for sale
cost kill vehicle
craigslist or auto trader.you'll find cars cheaper here than you will ever looking at online auctions.
car title loan atlanta - News
|
Title loan’s price high - Atlanta Journal Constitution Title loan’s price high Those in the business say car title lending is a service to consumers with poor credit who simply can’t get loans elsewhere. |
|
Restaurateur mired in $1.75M judgments - Lower Hudson Journal news Restaurateur mired in $1.75M judgments He took loans from people for the restaurant and for real estate investments. Some said they had no idea of his criminal past and worry whether they will |
|
More regulation won’t safeguard food - Atlanta Journal Constitution More regulation won’t safeguard food The “news story” “Title loan’s price high” is an annual occurrence (Page 1, Jan. 25). The angle is the same—- highlight a unique case of an unhappy title |
|
Mama Said Knock You Out - Culture11 Mama Said Knock You Out With a title that ridiculous, I had to check it out. Two things jumped out at me as I read it. One was Limbaugh's fascination with the proportions of the |
|
Avoiding Foreclosure: What you should know - WXIA-TV Avoiding Foreclosure: What you should know Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household |
