{"id":31727,"date":"2009-02-18T01:01:01","date_gmt":"2011-05-19T02:45:11","guid":{"rendered":""},"modified":"2011-05-19T02:45:11","modified_gmt":"2011-05-19T02:45:11","slug":"call_your_lender_demand_action","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/call_your_lender_demand_action\/","title":{"rendered":"Call Your Lender: Demand Action"},"content":{"rendered":"
\n

RUSH: Steve in Rancho Cucamonga, California. Great to have you on the program, sir. Hello.<\/p>\n

CALLER: Wow. First of all, Rush, mega cigar smoking, adult beverage consuming, links hitting ex-broadcaster dittos from sunny Southern California, sir.<\/p>\n

RUSH: Thank you, sir.<\/p>\n

CALLER: Wow, you know, Rush, I\u2019ve never called you, but I will say this, I talk to you three hours a day. You\u2019re my therapist. I speak to you and yell at the radio. Here\u2019s the reality of this. I have to take some responsibility for this being a landlord here in Southern California. I created this mess because in the past five years, as we were able to charge more for rents, we had these people, candidly true, who went out through old spectrum lending, which is a subsidiary of Countrywide lending, they went out and they said, ‘Why am I going to pay you two grand a month for this 1,500-square-foot house? I\u2019m going to go get my own house or condo,\u2019 and they did, with no loan verification. True, I could have had a loan for five years, 30-year fixed, 2.5. These people — you\u2019re almost there, but not quite. They took loans where they had no income, interest only — yeah, and we know somebody held a gun to their head while they signed the loan docs, right? They took these loans that I could have had five years ago at 2.5% because it was cheaper to get into a condo or small house here in Southern California than it was to pay the rent they\u2019re paying me. So I\u2019m getting ready for the White House to fax me a letter saying they\u2019re going to seize my income property. However, having said that, these people now are going to get bailed out. They\u2019re going to get bailed out for a piece of property that they had no business owning and be entitled to. It\u2019s amazing to me. And for myself and Mr. Snerdley —<\/p>\n

RUSH: Ah, ah, ah, ah, ah, you see, you just uttered the one word that blows the whole thing up. You said un-entitled to. They are just as entitled to a house as you are to your rental property, and the fact that they can\u2019t afford it means that they\u2019re even more entitled to it, because it\u2019s victims. They are victims of an unfair society. Those people deserve to be bailed out because of predators like you. If you hadn\u2019t raised your rent, you wouldn\u2019t have forced them out into that market that they shouldn\u2019t have been in.<\/p>\n

CALLER: That\u2019s right.<\/p>\n

RUSH: You are right. You are totally responsible for it!<\/p>\n

CALLER: Right! Yes, and I feel guilty, and so I\u2019m ready to sign title to my house, my rental income property, back to the federal government. That\u2019s coming anyways. What about these people that got into these big SUVs — let me just say that Mr. Snerdley and myself, you will never get a break from your lender to lower your current interest payment because if you have stable income, which he does, obviously, working for you —<\/p>\n

RUSH: I can take care of that.<\/p>\n

CALLER: — and he probably has a good FICO score, which I believe he does working for you, they\u2019re never going to give us a break because they know we\u2019re going to sit and ride out the storm, mark my words. For those that play by rules, that pay your bills on time, there\u2019s nothing in this for you but higher taxes down the road — <\/p>\n

RUSH: No.<\/p>\n

CALLER: — sit and wait and watch.<\/p>\n

RUSH: No. That\u2019s what I just got through saying. They\u2019re not going to have to raise our taxes. They\u2019re already confiscating assets. They\u2019re just printing the money. They\u2019re already confiscating assets and redistributing them. But, look, I still would call your lender. You never know \u2019til you make the call. Remember, the lenders are just as afraid of Washington as you used to be of the lender. Everybody in business today is scared to death. You don\u2019t know the power you\u2019ve got, when you call up and say, ‘I just heard the president, and the president said you\u2019re gonna help me make my mortgage more affordable, that\u2019s what the president said, and the president said that he\u2019s going to make you do it. I just heard him. So I want my mortgage more affordable.\u2019 You should make that call, \u2019cause I\u2019ll tell you right now, the lenders are scared to death. You don\u2019t know the power you have as a homeowner. <\/p>\n

Now, you may get told to take a hike, but I still would make the phone call, and I would say exactly what I said, you just heard the president, the president said he\u2019s going to make lenders start lending in a more affordable way, he\u2019s going to set the mortgage rate because he\u2019s forcing them to take money that they\u2019re going to lend. So you want your mortgage to be made more affordable by having a lower monthly payment. You\u2019re not asking for the whole mortgage to be paid like others are going to have their mortgage be paid. You are just asking for a more affordable monthly payment, as the president suggested. Thanks for the call out there, Steve. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Jeanine in High Springs, Florida, you\u2019re next on the Rush Limbaugh program. Hi.<\/p>\n

CALLER: Hi there. Thank you, sir, for taking my call. I\u2019d like to know about property taxes. We did not do the thing where we bought more home than we could afford. We built our own home. We started out with equity in it. We were slammed with this inflation of all the home values in the area. They gave us these outrageous property taxes because we live in an area that the university doesn\u2019t have to pay any taxes, and there\u2019s lots of other government entities that are excluded from that. So it slams the homeowner. So we pay all these high taxes for the past three or four years, and then, the property value starts to go down. We\u2019re trying to do the right thing. Our property taxes are still kept high. Where did all that money go? <\/p>\n

And then, to make it even worse… You know, we are in the construction business, and we own our own business, so our business fell so dramatically that our income fell down also. So we use our savings and our investment accounts to pay this outrageous mortgage with these outrageous taxes, and so we decide, ‘Okay, we\u2019re going to call up and ask the bank, ask the mortgage company,\u2019 I tried everywhere, ‘to get a lower interest rate,\u2019 because we figure, ‘Well, that will help us make our payments every month,\u2019 and they literally said to me, ‘Why do you think that you\u2019re entitled to any kind of help when you are a person of means?\u2019 even though our income is dramatically reduced because of this whole nonsense that has gone on with the whole home value situation. <\/p>\n

I\u2019m going to try what you suggested, call and say, ‘Well, the president said so, so now you gotta lower my monthly rate, and that will help me make my homeowner payment.\u2019 We put our house up for sale even because we wanted to be responsible. We didn\u2019t want to be late in our payments, ruin our credit, and no matter which way we go, nobody will give us any answers or any help. So we\u2019re going to have to sell this beautiful home. It does have equity in it. And the mortgage company says, we can give them… They\u2019ll give us a forbearance. They\u2019ll be glad to take our home off our hands. It has equity in it. If we had no equity and we had put ourselves up to the hilt, then they might help us.<\/p>\n

RUSH: You had a lot of questions there.<\/p>\n

CALLER: Yeah!<\/p>\n

RUSH: Your first question is why isn\u2019t your property tax coming down when the value of your home plummets.<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: Right?<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: (chuckles) I don\u2019t mean to laugh. Your situation boils my blood. You see, you\u2019ve heard me talk about the people who make the country work? You\u2019re it. Jeanine, you\u2019re the target. The banker told you.<\/p>\n

CALLER: Yeah.<\/p>\n

RUSH: You\u2019re a person of means. You\u2019re not going to get any understanding. You\u2019re expected to take it! You\u2019re expected to suffer, to find out what it\u2019s like, Jeanine. You are expected to find out what it\u2019s like for people who haven\u2019t been as lucky as you.<\/p>\n

CALLER: Except we lived beneath our means for decades in order to afford the home that we\u2019ve built and to run the business that we run.<\/p>\n

RUSH: Cry me a river. They don\u2019t care. They don\u2019t care about any of that.<\/p>\n

CALLER: Yeah.<\/p>\n

RUSH: You\u2019re a ‘person of means\u2019 now. How you got there, you probably cheated and broke a bunch of people\u2019s lives in the process, is what they think. You know, the days of rewarding hard work and honoring hard work, at least from government officials…? You\u2019re the target now. You have victimized other people by your hard work. You\u2019ve obviously taken something that was really not yours, you\u2019ve taken more than your share, however you want to define it.<\/p>\n

CALLER: Right.<\/p>\n

RUSH: Your property taxes aren\u2019t going to go down because when do they ever?<\/p>\n

CALLER: Right. And the business is —<\/p>\n

RUSH: But I have to ask you, you\u2019re in Florida. Is this place homesteaded?<\/p>\n

CALLER: Our personal home? Yes.<\/p>\n

RUSH: So the max that your property taxes can go up every year is 3%.<\/p>\n

CALLER: Except we transfer. We built our other home that we moved from, and we put it up for sale —<\/p>\n

RUSH: Ohhhhh, I see.<\/p>\n

CALLER: — after we moved in to our new home.<\/p>\n

RUSH: I got you. Jeanine, your story angers me to no end — as it does, I\u2019m sure, everybody in the audience. I\u2019ve gotta take a break. I\u2019ve got no time left, but I\u2019m glad you called.<\/p>\n

CALLER: Well, thank you so much.<\/p>\n

RUSH: Thank you. Make that phone call to your bank about the loan.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Paul in Gainesville, Georgia. Paul, I\u2019m glad you waited. Welcome to the EIB Network, sir. Hello.<\/p>\n

CALLER: Hello, Rush. My house was foreclosed on in 2006. The bank —<\/p>\n

RUSH: Why?<\/p>\n

CALLER: Well, actually, sir, part of it was my problem. My wife and I both owned our own businesses, and they started to fail, and we couldn\u2019t make the payments.<\/p>\n

RUSH: So what do you want to do now, now that you\u2019ve heard the plan?<\/p>\n

CALLER: Well, actually I\u2019d like to find out who\u2019s going to help me. If not, my taxes are going to help these people out.<\/p>\n

RUSH: Well, I raised this question earlier. You have a legitimate question. Who\u2019s going to help you? What about people who were foreclosed on before the Savior announced the plan today?<\/p>\n

CALLER: Exactly! I mean, I want to get my house back or get some money — and here\u2019s another thing, Rush.<\/p>\n

RUSH: I think you\u2019re stuck. I don\u2019t think there\u2019s anything. Blame it on Bush is about all you can do.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Ken in Corona, California. Hi. Nice to have you on the program.<\/p>\n

CALLER: Dittos, Rush.<\/p>\n

RUSH: By the way, one of the things I intended to get to today is the Republicans in the California Senate are holding firm, and they got rid of their Republican leader out there, and the Republican leader is on television last night in Sacramento blaming calls from all over the country from this show. It\u2019s one of the many sound bites I have, and I have not had a chance to get to today. I apologize for that. We\u2019ll try to save \u2019em for tomorrow. Yes, Ken, what\u2019s up?<\/p>\n

CALLER: I\u2019m just say, dittos from Southern California and Comrade Schwarzenegger. I guess the problem is… I don\u2019t have a problem. I\u2019m 63 years old, a Viet vet. I worked all my life. My wife and I would make nowhere close to $100,000 a year. We bought our home, not as an investment, but as a retirement. We\u2019ve lost about 35% of the value. I\u2019m unemployed now. I\u2019m still looking for a job, and I don\u2019t want the government to do anything for me —<\/p>\n

RUSH: Don\u2019t worry, you\u2019re not going to get anything.<\/p>\n

CALLER: — except get outta my way.<\/p>\n

RUSH: You bought the house?<\/p>\n

CALLER: We bought the house.<\/p>\n

RUSH: Is it paid for?<\/p>\n

CALLER: No, sir. We\u2019re not under. The house is worth more than what we paid for it, but we didn\u2019t buy it for investment or something to dump it real quick. This was going to be our family, out kids\u2019 home.<\/p>\n

RUSH: It\u2019s a good thing you don\u2019t want help because you\u2019re not qualified for help. You\u2019ve been too responsible.<\/p>\n

CALLER: I realize that. You know, Rush, since I was eight-years-old my dad died. He left my mother with six kids, and she never worked a day in her life. We\u2019re originally from a little town in Virginia. But she never worked a day in her life, but she went to work for 55 cents an hour at a laundry. She turned down welfare. They kept trying to send us welfare, she turned it down, and she taught us the value of work. No one would give you nothing; you have to work for what you would get because you\u2019re in the land of the free. I don\u2019t understand what\u2019s going on.<\/p>\n

RUSH: I know. I have to interrupt you. I know right where you\u2019re going. I have to interrupt you because of the constraints of time. You don\u2019t recognize your country. You are not alone, and it\u2019s not even been a month yet.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Steve in Rancho Cucamonga, California. Great to have you on the program, sir. Hello. CALLER: Wow. First of all, Rush, mega cigar smoking, adult beverage consuming, links hitting ex-broadcaster dittos from sunny Southern California, sir. RUSH: Thank you, sir. CALLER: Wow, you know, Rush, I\u2019ve never called you, but I will say this, I […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nCall Your Lender: Demand Action - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/02\/18\/call_your_lender_demand_action\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Call Your Lender: Demand Action - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Steve in Rancho Cucamonga, California. Great to have you on the program, sir. Hello. CALLER: Wow. 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