Post-Election Call for Foreclosure Homes Remediation »

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  hamy1 year ago

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  But without these homes foreclosing, then the bleak future of real estate will get even bleaker. What the real estate market needs is movement. If the homes foreclose, then the people who were living there need to move and then the house will be sold by the bank and that means someone will have bought that house and will need to sell theirs.
  
  The big problem right now is greed. People are so used to making money on real estate that they forgot it is a risk.
  
  I work in new home sales and people put money down on a condo 3 years ago. Now that they actually have to close on the homes, they are coming to me and asking me to give them their money back.
  
  I politely let them know that they must close on the home or they will lose their earnest money. That is the point of earnest money after all. Then they say things like "things are tough right now" and I say "I know."
  
  I am just amazed that they think that they should get their money back when they did nothing to prepare for this day.

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  • 100%

    Natureboy1 year ago

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    "What the real estate market needs is movement. If the homes foreclose, then the people who were living there need to move and then the house will be sold by the bank and that means someone will have bought that house and will need to sell theirs."
    
    That's an indication of a diseased economy, isn't it? One which no longer is driven by real needs, but rather needs constantly increasing consumption. That is the ethic of the cancer cell, and it is killing the Earth, and us.

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• 60%

  Georgia501 year ago

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  People are so dumbed-down they have no idea how our system of contracts contributes to their way of life. I guess they'll figure it out somewhere between their last home and the park bench.

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    Natureboy1 year ago

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    Who knows, they may run into you there, sleeping beneath the newspapers, next to the park bench.
    
    Many who have lost everything had no idea it could ever happen. Be thankful for your good fortune and do not tempt fate with your conceit.

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      beavith11 year ago

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      hmmmm.
      
      i wonder if ignorance is an excuse, under law?
      
      nope. we all get to live with the consequences of our decisions.

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      Georgia501 year ago

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      Yes, Natureboy, I'm not immune to life's tragic twists and turns. But then I neither expect nor want government to be there to bail me out, either.
      
      Does it not strike you as the least bit odd that in our nation's history, those who came before us--who took on the wilderness with their bare hands, at risk of life and limb, with minimal protection from the elements, wanted nothing more than to be left alone by the government? Yet today, those who risk nothing, have no such foe before them as the formidable American wilderness, all in the hell they want is Uncle Nanny to give 'em a tit to suckle?
      
      And then these fools pull their American flags out of moth balls to celebrate their ignorance and depravity when Uncle Nanny gets elected.
      
      What a consummate disgrace !!

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  inverse1 year ago

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  I think government should buy them at bargain price and rent them out or sell them when price move up. Treat them as public owned property for the time being.

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      Lurch1 year ago

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      Which would liquidate the banks themselves. Hence the ridiculous bailout.
      
      Just like homeowners have been held responsible for their actions via foreclosure, bankrupcties, loss of savings, loss of credit, and so forth, the lenders, brokers, underwriters, execs who had just as much or more responsibility in this fiasco should be held to a higher standard of accountability than the foreclosed upon people.
      
      For every homeowner who signed a mortgage he/she could not in the end afford, there was a broker, an underwriter, a branch manager, a corp exec, and so forth who also signed off on that mortgage. In hundreds of thousands of cases they did so unethically/fraudulently, by lying to the customer or each other, or by changing the deal at the last. I still have my house, but my Countrywide broker told me less than 24 hours before closing that my great deal had been rejected. I would up paying much more with a much higher rate and due to the subprime scandal my home value is decreasing and I am still unable to refinance.
      
      The govt has every responsibility to ensure that these crooks pay for their fraud, their crimes, and their lies.
      
      You sir, seem to be advocating the rape victims pay for their rape kits and the rape trials.

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