Foreclosures and Communities

[scooterbug44]

No argument here!

I think the people who loaned money when they shouldn't have should get a big whomp upside the head and be held fiscally responsible, as should the people who knew it was going on and let it! :angry:

 

[ASH]

Not here to pi$$ anyone off, but there are a few people living here because they had the right amount of money available at just the right time who bought up property, built the homes and sold them to the uninformed and inexperienced, who are now living high on the hog who are now turning their backs on all the problems the local community now have to deal with. You know who you are.
Some of the issues are local people. Many are not. Either way it is a shame. We all want to retire as soon as we hit the jackpot. I wasn't one of them who had any chips on that day, so I have to try to scrape a living out of what is left.
Those who know who took unfair advantage of the economy to make way too many nickels could do all of us a favor and start pointing them out so that we can stop feeding the pig.
Sorry if I offended anyone. It was not my intent.
My intent is to put the light on those who need to be called out on the rug because they abused a small community so that their money supply can dry up just like too many people they unwittingly sold to.
Everyone deserves a fair deal in the right "heaven", but we shouldn't have to suffer hell to get there.
Anyone agree?

 

[SHELLY]

Anyone agree?

I might.....if I know what and who you are talking about.


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[rapunzel]

abd

 

[SHELLY]

The Sun Sentinal is running a three-part expose on the foreclosure crisis down south. The graphics and articles tell the story of what foreclosures are doing to their neighborhoods.

http://www.sun-sentinel.com/news/local/palmbeach/sfl-foreclosures,0,5849333.storygallery

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[quartz sand]

Anybody care to make a list (or better yet a map) showing 1) planned communities that went into foreclosure before the developers broke ground, 2) communities like Walton Rose that have a significant number of unfinished homes in foreclosure, 3) communities that have a high number of homes in foreclosure?

 

[SHELLY]

Anybody care to make a list (or better yet a map) showing 1) planned communities that went into foreclosure before the developers broke ground, 2) communities like Walton Rose that have a significant number of unfinished homes in foreclosure, 3) communities that have a high number of homes in foreclosure?

I doubt it.

THE? Beach isn't as forthcoming about the situation as Central and Southern Florida. They're more apt to close their eyes, stick their fingers in their ears and go "la-la-la-la-la."


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[ASH]

Shelly, I believe you answered your own question in another thread. I attached the comment below. I believe it was bankers willing to write loans that should not have been written and I believe it was sellers (not necessarily just realtors) who sold property/homes to people knowing their world was going to crash on them eventually. The seller made their buck and to heck with the circumstances someone else would be dealing with later. I'm not trying to regulate other's conscience, but there were a good number of people who must have been keeping theirs in a jar under their bed while they conducted business deals.

You forgot to finish the story:

.....Loan Officer pulls credit, which shows a mortgage taken out in 2004 that now has a 60 day late on it and a past due balance of 2 full payments. There is a $450 car payment that began in 2006. There is another car payment of around $550 taken out 4 months earlier. Credit score is around 540.

Loan Officer: Congratulations, sign here, here, here and here, initial here and here....here's your check.

(Afterall, how else did these "deadbeats" get their hands on the money in the first place?)