So why were the Goonies going to lose their houses? - The Goonies (1985) Discussion

[–] PaladinNJ (20316) 2 years ago

None of them were rich. The developer was buying up land and forcing them out.

It happened here in NJ on the shore. A 99 year old woman who had lived in her house since birth was forced out so they could build condos. The justification was that each of the condos would bring in as much tax revenue as her one house did.

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[–] millsey72 (9594) 2 years ago

Its called Eminent Domain

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[–] Costumer (1789) 2 years ago

Eminent Domain is unlikely. If it was Eminent Domain than finding the jewels would not have made a difference. While I do not recall them ever explaining the details, my suspicion would be that Troy's father had purchased the mortgages from the bank. He then called the loans due. This would require the homeowners to pay the remaining principal by a given date, or they would be foreclosed.

Author of the Sodality Universe
The Road from Antioch
In the Markets of Tyre
Flight to Lystra
The Theater at Ephesus
The Council on Jerusalem (coming 2023)

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[–] xergan (866) a month ago

Yeah, as long their parents didn't yet own the house/have mortgages on it, it can be easy to push the home owners out - especially if they have regular issues in paying their rates. The small town bank might be ok with one rate in delay all time, but not the land shark.

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[–] moviechatterer (13396) a month ago

so the homeowners could just go to another mortgage company ?

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[–] Kowalski (58861) 2 years ago

THEIR PARENTS ALL HAD OUTRAGEOUS 80'S COKE HABITS.

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[–] Stratego (29276) a month ago

That plotline annoyed me. The parents were just bad with money, but somehow the project developer who tried to acquire their properties in a legal manner is the bad guy.

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[–] FilmBuff (6697) a month ago

You have a pretty warped view of the world if that's your takeaway from the film.

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[–] Stratego (29276) a month ago

What an incredibly immature reaction just because someone dared to say something negative about your favourite movie.

Also, you must be too distracted from freaking out over fake-looking skeletons and falling boulders, because what I said is exactly what happens in the movie.🍆

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[–] FilmBuff (6697) a month ago

I've never seen the movie. I'm pointing out what you revealed about your twisted world view in your comment.

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[–] Stratego (29276) a month ago

If you don't even know what happened in the movie, you're even more ridiculous.

And don't even comment on my world views when you know nothing about those either, you absurd ignorant thing.🍆

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[–] FilmBuff (6697) a month ago

You made a foolish statement and now you've switched to insults rather than defend it or retract it. Go ahead and hide behind your rage and insults.

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[–] Stratego (29276) a month ago

Lol, you silly troll. You started with the insults about my "warped view" without even explaining or backing up that claim. And pay attention, I already told you that what I said is exactly what happens in the movie. It's got nothing to do with any of my views. Try again, buddy.🍆🍆🍆

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[–] Martoto (4245) a month ago

Where in the movie does it state that the parents are bad with money?

The impending foreclosure could be due to a clause in the mortgage contract where the lenders can call in the loan and force a non-judicial sale if the borrowers can't find the balance of their mortgage, through another lender for example, at that time.

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[–] moviechatterer (13396) a month ago

and they couldnt find another lender ?
You'd think that'd be easy with part of the property paid off ,
and the land apparently being highly valued

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[–] Martoto (4245) a month ago

Yes. If the terms of their current mortgage allowed the lender to force sale to them then it's likely that the borrower couldn't obtain more reasonable financing elsewhere, in the current market. They may not have sufficient equity in the property. And sale of the property to the lender might be the only way they can get back any significant amount of what they have paid in.

It's by no means a typical or common scenario. But it's not unheard of. And it's not necessary to be in that situation due only to being bad with money.

IIRC. It's not just the one family that is affected. So it's possible that the land their homes are built on is leased and the leaseholder is being foreclosed.

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