Renting Republic (mortgage, mortgages, sales, landlords)

[Norm Barnes]

Home ownership has been the American Dream for as long as I can remember. Forced sales are about to rise in most states. It's pitiful but laxity in qualifying more than likely is as much to blame as lost income or bad financial management.
The last bout with this problem had challenged the banking industry. The mortgage bankers and private industry developed a way to cope being forewarned is truly be Forarmed. Here's some concerns.
Let's say the bulk of mortgages are according to guidelines presented by FHA, VA, FNMA, FHLMC and private lenders. It is a misfortune to lose a home but most of these agencies would offer these properties on a 10 day look to allow citizens rather than investors to share in home ownership at an adjusted probably more realistic price they can afford.
I sense this opportunity is being abused investors scarfng up these opportunities many turned into very lucrative profit centers.
As in some post there will be those very affluent saying: "So What" well I say the day we all become answerable to landlords and not be a homeowner I see a decline in productivity, pride and motivation. We will become Orvilles Animal Farm.
Conduct more investigations into whether the American Dream is dealt fairly or has the new deal favored the wealthy and isolated the opportunities for making a bad situation at least a little offset by allowing another family an opportunity to buy a home rather than unfair advantage to flippers and Investors.