Still, the bulk-lien deals dramatically improved the city's tax collections, as many property owners paid their taxes faster out of fear of foreclosure.
"The money obligates them to the agent, gives the agent leverage, and coerces the athlete to do what the agent wants because of fear of foreclosure or other adverse consequences for the athlete or the athlete's family," said Mark S. Levinstein, a prominent sports lawyer who is a partner at the Washington law firm Williams & Connolly.
The fear of foreclosure competition has dampened the already grim sentiment reading from the National Association of Home Builders, which inched down two points in March, to 15 from 17.
Of those mean fans, he continues, "All that repressed assembly-line rage, those fears of foreclosure, fears of premature ejaculation, fears of occupational cancer, those orchestrated fears of women, blacks, the young, the old, are spilling out of the grandstand onto the field, the ice, the hardwood".
After all, we had just barely gotten our power turned back on, and we were facing fears of possible foreclosure.
When we put these choosers into the context of our above examples, fear of divorce and foreclosure, it seemed like people who made logical or emotional decisions were each likely burned.
So is fear of more home foreclosures and credit card bankruptcies.
While Americans fear an epidemic of foreclosures, brought on by the subprime mortgage meltdown, Britain is already suffering one.
White's analysis shows that only 25percentt of mortgage defaults are strategic; the percentage isn't higher, he argues, due to homeowners' perceived shame and guilt of foreclosure, and fear of the consequences.
Kathleen C. Engel, a professor at Suffolk University Law School in Boston, says she believes that banks have been long aware of such questionable legal practices but choose not to challenge them for fear of slowing the pace of foreclosures.
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