longhaired freaky person asked:


I really feel for people who were taken in by the homeownership sales pitch. Who wouldn’t want to own their own home and feel sure it was going to appreciate.

But the reality is, for the majority of working class Americans, they always be renters, and they need rent control to keep their housing costs in line.

Mustafa asked:


What does this accomplish other than to extend the inevitable for those morons who fell for sub prime teaser rates.

Mustafa asked:


What does this accomplish other than to extend the inevitable for those morons who fell for sub prime teaser rates.

lee s asked:


how long does it take bfore your home goes into Foreclosures , and how does the whole process work on long island new york after you stop your payments also what is the best way to delay it or prolong it ,

marriedw/children asked:


How many foreclosures are in your town or city? Ours has an extreme amount for its size, yet the realitors keep over pricing homes. It makes no sense. This seems to have become the norm throughout this area, yet no one seems to be disturbed by it. Wouldn’t it make more sense to price homes at a reasonable amount that people could afford payments for? It seems to me, that would put an end to a majority of the foreclosures.
Thank you for the answers, the majority were very informative, and made a lot of sense. Unfortunatey, to read over all the paper work at closing would either entail an amazing amount of time and patience or a fantastically educated speed reader. They don’t give the average garden variety person (or couple) the amount of time needed to pour over the paperwork they ask you to sign. Plus, unless you’re a realitor or someone who knows about realistate laws, you really don’t know what your looking at to begin with. (Yes, I’m sure there are some misspellings here, give me a break, its late, and theres no check spelling button for the details)

M?ni asked:


I’ve been hearing advertisments about home foreclosures. Has anyone had a good experience from getting a new home this way?

celestialbutch asked:


I live in Maryland, but I’m also open to Southern PA.

momma4 asked:


Currently looking to buy a house and was told by several that I should pay the $300 retainer in order to get a foreclosed house–any ideas on this process? Is a retainer normal? Can’t a regular agent assist in foreclosures?