bankruptcy: Today's Distressed Homeowner is Tomorrow's BUYER! - 09/25/10 01:52 PM
Unfortunately, by the time most distressed borrowers seek help to avoid Foreclosure, they have often been struggling with income loss, divorce, legal or health issues for so long that theyre are not only falling behind financially but they are as one fellow put it to me: "taking drugs to just to sleep at night from the stress". This does not paint a picture of a person ready and able to put up a decent defense with their bank or have the energy to direct their own loan modification or self help bankruptcy. Far from it. Being financially strapped as well, paid legal help is usually out of the … (4 comments)

bankruptcy: Foreclosed Bankrupt Middle Class Deadbeats: UNLOAD HERE - 04/07/10 12:09 PM
More highly educated professionals are finding themselves among the millions facing bankruptcy and foreclosure. Is anybody tracking the suicide rate among foreclosed homeowners? Developers, Builders and Realtors and Mortgage Bankers head this list. Having your home foreclosed is becoming almost commonplace. Have we become numb to the effects of this financial devastation all around us?
I could hardly believe my ears today when the Think Big Work Small team proclaimed Foreclosure Sales as good for the real estate industry; generating income for Realtors and Bankers and taking all that inventory off the books. WOW. How shortsighted is that? The problem isn't going to go away … (4 comments)