Comments on: Opinion: Foreclosure crisis http://reiresearchsecrets.com/blog/opinion-foreclosure-crisis/ Thoughts, news, ideas, and more by Annie Anderson on a wide range of topics which may include writing, graphic design, family, marketing and yes, sometimes even real estate. Tue, 02 Dec 2008 12:30:24 +0000 http://wordpress.org/?v=2.6.5 By: admin http://reiresearchsecrets.com/blog/opinion-foreclosure-crisis/#comment-47 admin Tue, 01 Apr 2008 04:07:53 +0000 http://reiresearchsecrets.com/blog/?p=25#comment-47 Hi LJ, Thanks for stopping by. True - it isn't a standard situation. I realize that. I merely wanted to point out to some who assume that ALL people facing foreclosure in the current market ARE those "with lots of money and no brains" as you put it and that the looming foreclosure of their properties serves them right. I find it irritating. ;-) Thanks for the thoughts. Your kind reply is much appreciated. ~ Annie Hi LJ,

Thanks for stopping by. True - it isn’t a standard situation. I realize that. I merely wanted to point out to some who assume that ALL people facing foreclosure in the current market ARE those “with lots of money and no brains” as you put it and that the looming foreclosure of their properties serves them right. I find it irritating. ;-)

Thanks for the thoughts. Your kind reply is much appreciated.

~ Annie

]]> By: lj http://reiresearchsecrets.com/blog/opinion-foreclosure-crisis/#comment-46 lj Tue, 01 Apr 2008 02:14:37 +0000 http://reiresearchsecrets.com/blog/?p=25#comment-46 It is unfortunate that this happened to a friend of yours. However, if this were the standard story, there would not be a crisis. The crisis was created because a bunch of Mortgage Brokers decided to take advantage of a bunch of lenders (most likely investment banks or investor groups of sorts,)with lots of money and no brains. We can go on and on with the details. But basically, these lenders were the ones who got duped. Your friend isn't stupid or dump, just a little unlucky. Fortunately for her, the crisis has made property affordable for her if she now has a job. Talk to a legitemate Mortgage Broker and see what he/she can do. Creative financing was designed to help people like your friend. Depending on your area, she should be able to buy for approximately what she is paying in rent. Attend a Foreclosure Auction in your area. Take advantage of the Industry Professionals. Make sure they understand what your friend (or if you want to buy) want. Alot of the Agents and Mortgage Brokers were trying to get people to buy the maximum they qualified for. When someone tries that on her... have her run. Talk to a few Mortgage Brokers and Realestate Agents. Good Luck if she wants to buy or doesn't. Nothings for sure, but its worth a shot. She should do what makes her happy... as long as it isn't self destructive. It is unfortunate that this happened to a friend of yours. However, if this were the standard story, there would not be a crisis. The crisis was created because a bunch of Mortgage Brokers decided to take advantage of a bunch of lenders (most likely investment banks or investor groups of sorts,)with lots of money and no brains. We can go on and on with the details. But basically, these lenders were the ones who got duped.

Your friend isn’t stupid or dump, just a little unlucky. Fortunately for her, the crisis has made property affordable for her if she now has a job. Talk to a legitemate Mortgage Broker and see what he/she can do. Creative financing was designed to help people like your friend.

Depending on your area, she should be able to buy for approximately what she is paying in rent. Attend a Foreclosure Auction in your area. Take advantage of the Industry Professionals. Make sure they understand what your friend (or if you want to buy) want. Alot of the Agents and Mortgage Brokers were trying to get people to buy the maximum they qualified for. When someone tries that on her… have her run.

Talk to a few Mortgage Brokers and Realestate Agents.

Good Luck if she wants to buy or doesn’t. Nothings for sure, but its worth a shot.

She should do what makes her happy… as long as it isn’t self destructive.

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