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I think a lot of people forget this. Yes I am aware that a lot of people have been hit hard by the recession but it ticks me off when I see people who would have lost their home anyway because they couldnt' afford it from the beginning run around crying about "I lost my house due to the horrible economy".
Who are these people?
How did they last this long?
Sorry this is simply ANOTHER way that those who actually caused this to happen(and are making the people pay AGAIN) keep us fighting amongst ourselves.
You mean they could handle them last year but forgot how?
No it is because the banks do not want to flood the market...and drive prices even lower.
Instead the price will be controlled but at a low level as long as the banks do not get swamped with more foreclosures...which is what is going to happen in my opinion.
Sorry this is simply ANOTHER way that those who actually caused this to happen(and are making the people pay AGAIN) keep us fighting amongst ourselves.
I'm not starting a fight I'm stating a fact. Part of the reason for the foreclosures right now is because people were getting loans they could not pay back and homes that they could not afford. Are you asking me do I know any of these people personally? No, I don't but I've seen them on the news.
When I was still living in Orlando they did a report on foreclosures and they basically showed that the people wouldn't have been able to keep their homes anyway due to the type of loans they'd gotten. Of course, the people don't take the blame for that - it's the banks fault or the real estate companies fault because they shouldn't have approved them if they coudln't afford them.
I'll see if I can find the link online - it was actually pretty interesting.
I'm not starting a fight I'm stating a fact. Part of the reason for the foreclosures right now is because people were getting loans they could not pay back and homes that they could not afford.
This is indeed a small part of the overall reason homes are entering the foreclosure process, right now. I'm curious, to what or whom would you attribute the large part?
This is indeed a small part of the overall reason homes are entering the foreclosure process, right now. I'm curious, to what or whom would you attribute the large part?
I don't know how "small" a part this is. It's the folks who bought recently who don't have equity ($0 money down, second mortgage, adjustible rate) that have the most problems now. Those types of loans weren't generally available in the past and should never HAVE been available in the present.
It's beginning to work out a little better all the time. To your great annoyance.
So you are the one snatching up properties from these deadbeat losers. Good hunting!
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