Foreclosed Homes being Vandalized by Former Homeowners

Rather Unfortunate, but it seems the Foreclosure Firestorm will only increase and compound itself throughout the summer. The Alt-A loans will be resetting also, so a large bulk of soon to be former homeowners will find themselves in Negative Equity in relationship to Loan to Value. An estimated 2.4 million homeowners will lose their homes, multiplied by spouse and kids, truly an exodus that would put the Israelites to shame in number.

Category:

News & Politics

Tags:

• Commentary&Analysis
• Foreclosure
• Firestorm
• Las
• Vegas
• Real
• Estate
• bubble

[wallman678]

I hope all the home owners that get forclosed on demolish the homes. The banks got there bail out moneys and still forclose on the people.

[liam13coins]

Ouch the banks and greedy buyers lose money? How am I gonna sleep tonight?

[jvolstad]

The same Realtors who a few years ago were saying what a great time it was to buy.

[RayAir1]

@RayAir1

Also trapped three raccoons to leave inside to tear shit up. Going to give them three bags of cat food and several water bowls so they can keep up their energy.

[RayAir1]

@dbsommers1

Just for you before I move out of my foreclosed home next week I am laying down a thick spray of grass killer and flooding the basement.

[MrOne4truth]

Banks stealing homes, and the scum that work for them, they will all meet their maker one day

[dbsommers1]

@RayAir1 Nice. You didn't refute a single thing I said, only managing an insult. Clearly you have won the discussion. Give yourself a biscuit.

[RayAir1]

@dbsommers1

You're not too bright, are you?

[dbsommers1]

@burbanmadness Wait, what sort of idiot sinks a bunch of money in property they don't even own? After all, what happens if you can't pay it off and it gets foreclosed on you? Oh, this. Okay, I don't have a whole lot of sympathy for people that don't have the common sense to realize this.

[dbsommers1]

@RayAir1 Yeah, because it's the bank's fault the homeowner bought a home with a mortgage he couldn't afford. I've had banks do this to me several times. I was walking down the street, minding my own business, when a bankster came up to me and said, 'Buy this home. Sign this mortgage you'll never be able to pay'. I was clearly a victim.

Oh, wait, that never happened to me. Or anyone else. Guess responsibility for paying the debts you voluntarily take on should fall to... you.

[dbsommers1]

Yeah, I mean, all those home owners were forced to buy homes they couldn't afford. And when they lose those homes they coudln't afford, there were entitled to destroy them since it was *someone else's fault* for making them buy that home they couldn't afford.

makes sense to me. Next time borrow money from a loan shark. They're much more understanding than an evil bank.