Fallout from the foreclosure crisis .... keeps the repo man busy all over.

 

 I spoke to a homeowner the other day and was told that they are not only losing their home due to foreclosure, they are losing their cars and credit card usage.  They feel they are being stripped of everything.   

As we look around the fallout of the distressed housing situation is not only causing a foreclosure problem but is affecting homeowners other large purchase of their cars, trucks, RVs, boats, cabins, timeshare property, credit cards and other main lines / investments of their lives.

 

Vehicles are being seized from driveways in the middle of the night.  Homeowners are being affected in all areas of their lives. 

 

 

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Post is included in group: Everything California
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Post is included in group: Short Sell Specialists & Pre-Foreclosure Education

6 Comments on Fallout from the foreclosure crisis .... keeps the repo man busy all over.

Once they've lost all of those things, they will find it impossible to lease a nice apartment anywhere.

02/16/2008 04:58 PM by Michael Creel (Brio Realty Inc.)


It is so sad and scary to watch more and more cases like this. Hopefully it will teach all of us to plan for the future little better.

02/16/2008 08:42 PM by Sonja Babic/Prudential Clear Water Realty


Michael, you are right it just keep going.  But this too shall pass.

02/17/2008 11:03 AM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


Sonja ~ there is definitely a lesson or two to learn and not just for homeowners, all America!

02/17/2008 11:04 AM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


Some buyers were definitely victims, but I don't feel that those who continually refi'd to buy boats and cars they couldn't afford are victims whatsoever.  So they may feelt hat they are being "stripped" of everything, but they were the ones who pulled down their pants!

In my opinion :)

02/17/2008 06:24 PM by Jason Grams (GreatWest GMAC Real Estate)


Jason ~ ohhhh Jason! I hear ya.  I got a visual!  I agree some were victims and some are not.  But my heart still goes out to them that are losing stuff that they are working to keep - hopefully with their pants on.

02/17/2008 06:32 PM by Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)


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Real Estate Agent: Rosemary Brooks -Mother & Daughter (866)-750-8282 (Family Realty Group - 866-750-8282)
Rosemary Brooks -Mother & Daughter (866)-750-8282
Stockton, CA
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Family Realty Group - 866-750-8282

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