- NEW!
by passerby on April 17th, 2007
To avoid foreclosure and to buy time to sell my home, file for a BK with the court and then cancel it before escrow closes?
by tomoney on December 15th, 2010
| 1 person likes this
Some have no choice but to walk away from mortgages. Are they allowed to pay the money they owed years later when they can afford it?
by RosieGHM Jetpacker on September 18th, 2010
| 3 people like this
When does a bank become both mortgagee and mortgagor?
by Franzelka on August 1st, 2010
| 1 person likes this
When the property time expires on the Roddy List, does it go to Auction before it hits the MLS
by shemon on October 1st, 2010
| 1 person likes this
Has anyone here ever foreclosed on a timeshare and had the resort company come after them legally for the balance after auction sale?
by saenzmurillo on August 13th, 2010
| 1 person likes this
You're reading Buying repossessed property. Does it somehow feel wrong profitting from anothers misfortune?
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Comments
It can happento everyone, we are all at the mercy of a system that is increasingly leaning to more andmore downszing as jobs are exported overseas.
by steelhamster@aol.com on April 17th, 2007
absolutely. I agree completely it's a tough line to walk, paying the bills and keeping your head above water. I firmly believe that the bricks and mortar bear no relation to the unfortunate situation they found themselves in.
by passerby on April 17th, 2007
We all need a place to live, the system is currently skewed in order to keep us at each others throats, when will we wake up and smell the coffee. Its a system that only rewards the very rich in the end
by steelhamster@aol.com on April 17th, 2007
Individual wealth generates national wealth. In real terms the poor are better off than ever. A number of my friends live on or below the breadline and this fact is no comfort to them. I think aspiration is a very human thing steelhamster (you're very introspective tonight). I don't think we'll ever stop people aspiring to better lifestyles and personal wealth. Look at the chinese, despite their politics they are very much on the consumer path to hell.
by passerby on April 17th, 2007
The system only helps the few, in a egalitarian society, all can aspire, and have the opportunity.
by steelhamster@aol.com on April 17th, 2007
I absolutely agree that the system doesn't promote egalitarianism however society at large, including those at the lower end of the wealth spectrum, are responsible for the selection and continuation of that system. Regardless of which party, what wing they are on or great intention they have, they move into a system, rather than form the system, when they take 'power'.
by passerby on April 17th, 2007
I covered this in a different question if you want to have a look.... it was a question on racism
by steelhamster@aol.com on April 17th, 2007
I will but it's 2.30 am now, I'm just dipping. My mind should be unwinding huh. Good to share views though.
by passerby on April 17th, 2007
you must live in the uk too
by steelhamster@aol.com on April 17th, 2007
I do, I'm an insomniac, but I've had a pretty bad run of it recently been up till the birds tweet, which isn't easy with a large family to keep.
by passerby on April 17th, 2007
night night then :-)
by steelhamster@aol.com on April 17th, 2007
It will be a night night if I can stop my fellow doorstop from snoring. Night steelhamster.
by passerby on April 17th, 2007
Good answer!
by Mr.Matt on July 9th, 2008
I agree. Your purchase of the home could not have prevented their misfortune.
Many homes are sold because of misfortunate circumstances.. Death, Divorce, etc...
by Sandra OCBeachBlog on August 3rd, 2008