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We should be more stringent in whom we are giving these properties to.
But this might say more about the Cleveland economy then it does the individuals not able to pay their mortgage. How do you pay a mortgage when you lose your job?
Details will help posters make an informed response.
How do you not pay a mortgage for 3 years and still live in the home ?
And then ignore letters from Habitat regarding missed mortgage payments ?
No electric, water, sewer, property taxes paid ?
They could have contacted Habitat and let them know the situation and work something out even if unemployment pays less.
How do you not pay a mortgage for 3 years and still live in the home ?
And then ignore letters from Habitat regarding missed mortgage payments ?
No electric, water, sewer, property taxes paid ?
They could have contacted Habitat and let them know the situation and work something out even if unemployment pays less.
Some banks in the Detroit area were allowing people to do the same. Not because it was financially in their benefit initially, but keeping someone in a house that would otherwise remain vacant in bad neighborhoods, keeps them protected from vandalism.
Cleveland has some pretty rough neighborhoods. Thats generally where HFH homes are built.
Are they all deadbeats? What proof do you have? A lot of people get behind on their mortgage, this doesn't make them deadbeats outright.
And would you accept 3 years of no payments and ignoring communications from the mortgage holder acceptable because they "got behind" ? Should one assume they lost their job and are just waiting it out until they get back on their feet ?
What should Habitat do here...leave them alone and make the insurance and property tax payments on behalf of them and hope that one day the owners contact Habit and tell them why they haven't made mortgage payments ?
So they build a home and give it to folks who can't afford the mortgage then are surprised when they can't pay it? Where have we seen this happen before?
I have worked on Habitat homes.
They do a pretty extensive credit check here.
The owners have to do some amount of work themselves.
In no way were these homes gifts.
Something has changed with there income.
I agree with the foreclose after this amount of time.
Is this any different than other programs that help to put people in positions they cannot afford on their own ?
If you cannot afford it to begin with then you probably still can't afford it after it's given to you and you have to pay/upkeep/maintain it.
What a true statement!! when i was in real estate, do you know how many homebuyers, had to look at something that was over their head. Think they cared.
You can try and talk to them, expalin things as you know them, in the end they did what they wanted. And then wondered years later, why they were losing their home, go figure. Not all homebuyers, but a lot did.
Well gee with that attitude it's a wonder anyone has morals left in America.
"Milk the system til you get caught" attitude even about Habitat for Humanity which has nothing to do with rich people and their taxes.
There is nothing moral about business. It isn't personal.
You can be moral and broke, moral and wealthy, or immoral and wealthy.
Morality is a moot point. As I pointed out, the mortgage companies and banks benefit from leaving them in the homes. It keeps them from being vandalized.
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