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Foreclosures hit an all time high

By
Real Estate Agent with Realty Texas

As I sit back and watch the bell tower crumble, one can only think, what the heck? As if the lending institutions didn't stick it to our clients 3/4 years ago when they would loan anyone the money to buy a home.  Now bend over, they are at it again.  A total of 268,345 homes were foreclosed on in the 3rd quarter.  Banks yanked more than 800,000 homes during the first 9 months of this year.  If that doesn't set you on your north ear nothing will.

Then to top that, I heard that the banks just sent all the paperwork over to Guam or the Phillipines for an outside company to organize the files and perhaps adminstrate the process.  So, you are saying that 1,000s of jobs were created out of the states to take care of Americans losing their homes and there is no one local to help them or for them to talk to?  Why didn't they hire within to help the American economy?  I will never understand and people don't want any kind of regulations?  These institutions obviously can't control themselves.  There needs to be some big changes made.  I feel so sorry for these families/people that lost their homes unnecessariiy.    

   

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