By: Pamela

Pamela — Fri, 25 Jul 2008 19:21:49 +0000

It is always a tragedy when someone takes their life over a situation that is not life threatening. However this crisis has been expanded by the Government, intervening, or discussing intervention which has caused buyers to wait, until the government passes a bill to give them money to help purchase Real Estate. This is the 3rd foreclosure market I have worked through, odd, how in the 80’s foreclosure market, as property values dropped, other buyer’s came in purchased and we went forward. Again, 2001-2004, major foreclosures, purchased, and we went forward. In the 80’s by the way, interest rates were 13%-18% for owner occupant loans. The hand wringing and screeching is due to politics and in the interim,everyone wants to stop foreclosures, fine, now who is going to pay the Property Taxes, HOA dues, while the lender sits on the property. Lender doesn’t own it, not their cost, Homeowner, can’t pay it, so I assume the City/County and HOA will have to file foreclosure????? There are too few experienced, knowledgable people involved in the decision making. Too many People bought REstate like a gambler at Vegas. When you crap out at Vegas, you leave the Casino

By: Leisure City Real Estate

Leisure City Real Estate — Fri, 25 Jul 2008 00:27:27 +0000

This is a clear example of how things have gone worse. Rahul is right something must be done.

By: Hopkinton Real Estate

Hopkinton Real Estate — Thu, 24 Jul 2008 21:11:18 +0000

What an incredible shame. I live in the next town over from Upton. This news will certainly rock this small tightly knit community.

By: Rahul

Rahul — Thu, 24 Jul 2008 20:21:31 +0000

This whole crisis is creating a big mess. Something has to be done to manage it soon.

Comments on: Hours Before Home Foreclosed Upon, Woman Kills Herself

By: Pamela

By: Leisure City Real Estate

By: Hopkinton Real Estate

By: Rahul