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...realistic. Sell the property at a reasonable price and let’s get things rolling again, there is no reason for a home that needs roof repair, fence mending, and paint, not to mention other things that you will find upon an inspection, to be on the market for $74,000 that price is ridiculous… let it go at $35,000 let someone else repair it and enjoy a small profit or a nice home. Banks need to stop being greedy, if you can afford to sit on a property for more than 2 years, you have too much money already. Every day that a property is empty, you lose money. Make it affordable to buy a home again. Let the average person buy a home for their family, things will change. The opportunity to buy a home at an affordable price is here now, by way of foreclosures. Take advantage of this market. Buy a foreclosure at a reasonable price and solve the foreclosure crisis.
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- For many Americans, the foreclosure crisis was a news story on TV. For others, the crisis was a national problem to be pondered “in theory.” In my case, however, the foreclosure crisis was personal and real. In 2003, in the midst of closing my failing African American bookstore in Denver, I defaulted on my home mortgage – finding myself the target of a foreclosure process, but also of predatory lenders and investors prowling my inner-city, gentrifying neighborhood. I avoided foreclosure by agreeing to a modification plan with my bank.... [tags: Foreclosures,]
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