Foreclosed Homes?

Out of context: Reply #3

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  • mrdobolina0

    I work for a publisher that publishes the Sheriff's Sale foreclosure lists in my county and in other markets around the nation. Volume has tripled over the past couple of years. We are working on a Google mapping mash-up right now to map all of the addresses. It is a complicated process getting started in buying up foreclosures. There are whole industries that prey on distressed properties. Some of these people are like vultures, if they can't outright buy your property from you they will approach the distressed owners and refi the property for them at an incredible interest rate. The whole thing is depressing.

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    • That's terrible. So they pose as consolidators?Mimio
    • well they are consolidators, people will do anything to save their home. even get deeper in debt.mrdobolina
    • It's interesting how these companies justify their actions. "We're helping them get out of a home they can't afford."blaw
    • Sucks.blaw
    • Referring to the vulture culture companies, obviously.blaw
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