OCCUPY WALL STREET

[Dude]

Originally Posted by JAGG

I am going tell you my experience in realestate and forecloures. You read a story about a person. Who got sick or injuried house is in foreclosure and you think we should bail him out. I own an investment business. We buy houses that have been forclosed on . I get to see these cases up close and in person I know the details of the reasons why the house forclosed. I have been doing this for 9 years now.you can say I lack empathy, I say you are naive and lack experience and facts. Here is a real truelife case. Family with 2 kids dad gets hurt can't work. He is a welder hurt his back. Wife works teaches 3rd grade. He can't work they fall behind house goes into forclosure. 3 months later bank takes possestion. They still occupy home. Free for 3 months now . They have at least 7 different notices to vacate they don't . 5 months later bank trys to sell it at auction. We buy it. 8 months they are there for free, we knock on the door to inform them we bought their house they should have been out 8 months. We talk and agree on a plan for them to move out they are usually pretty understanding. We actually pay them 250 dollars to be moved out within the agreed time frame. His wife has a brand newDodge Dakota less than a year old. He had. Dodge ram less than 2 yrs old. And a minivan 5 years old. They were saving it for the 15yr old when he learns to drive. Nice guy we talked about everything he showed me around. He had a 55 in led tv he was. Proud to show me that all its features. And surround sound. Then he shows me the garage where he has 7 dirt bikes. He and his 2 kids, love playing in the mud. 7 dirt bikes? 3 new cars? Really? I wish I had a 55in led with suround sound.
You want to bail this poor guy out? He can't work bad back . Medical condition not his fault long term unemployed , fore closed on , he fits all your criteria. You think he is an acception to the rule? I will tell you he is not. You hear his story in the news, you don't know the facts just the sad story of an innocent family kicked out,into the cold because of unforesseen medical problems. I flipped about 21 houses all but 4 fit your criteria. Out of those 17 I will tell you only 1 fit the real picture, the one the media paints . I will give you more examples later on.

Real story.
My cousin married a very successful top mortgage director guy of some sort.
Six figure income, things were great ,they bought a home ,had two kids.

Several years later he loses his job. His youngest has severe autism and
requires 24/7 care (which requires my cousin to be a stay at home mom)
Now their oldest (12 years old) has been diagnosed with diabetes and
has to have daily insulin shots and medical testing to get her all balanced
enough to attend school.
They gave up their two car's which required payments for two that are paid for.
They need two because driving around in the car sometimes is the only thing they
can do to calm their autistic child when he's having a rough patch.
He has been working 6 days a week for the last two years just so his family can have medical insurance.
They have defaulted on their mortgage and are still there two years later.
For free, as you call it.
All of their toys and fancy shit was sold when the youngest was diagnosed.


I think you lack a great deal of empathy and you can keep coming up
with loser stories who you think deserve to be homeless all day long if thats what makes you feel better.

Some of us are not talking stuff, we are talking about survival.
Go buy your big tv now while things are great for you .That may
not always be the case.