Comments on: Latest Celebrity Foreclosure: Pacman Jones Losing Tennessee Home http://www.therealestatebloggers.com/2008/06/21/latest-celebrity-foreclosure-pacman-jones-losing-tennessee-home/ Real Estate Blog, Mortgage, and Development News Thu, 18 Mar 2010 20:55:14 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mike S. Texo Properties http://www.therealestatebloggers.com/2008/06/21/latest-celebrity-foreclosure-pacman-jones-losing-tennessee-home/comment-page-1/#comment-223883 Mike S. Texo Properties Tue, 24 Jun 2008 19:06:02 +0000 http://www.therealestatebloggers.com/2008/06/21/latest-celebrity-foreclosure-pacman-jones-losing-tennessee-home/#comment-223883 It is important to understand that he is not foreclosing on his property because he is broke. This is occurring more frequently than one might think. Speculators who purchased investments properties back in the real estate boom are now abandoning their investments and saying “oopps, I made a bad investment. Here you can have it back now”. People like Pac-Man have the money to pay their mortgage, but are choosing not to because they realize now that it was a bad investment. This is happing all over the country and it makes me sick that nobody is recognizing it and doing anything about it. It’s a new day, new deal, new opportunity Mike S. - Texo Properties (www.texonc.com) It is important to understand that he is not foreclosing on his property because he is broke. This is occurring more frequently than one might think. Speculators who purchased investments properties back in the real estate boom are now abandoning their investments and saying “oopps, I made a bad investment. Here you can have it back now”. People like Pac-Man have the money to pay their mortgage, but are choosing not to because they realize now that it was a bad investment. This is happing all over the country and it makes me sick that nobody is recognizing it and doing anything about it.

It’s a new day, new deal, new opportunity

Mike S. – Texo Properties (www.texonc.com)

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