We've all seen them - STOP FORECLOSURE!
The signs litter grocery stores and fill the classified ads. In this market, is that such a bad thing? Foreclosures are at an all time high with defaulting loans as a regular occurrence. Who will save the economic bacon of this area?
A different type of investor that has a solution to this problem is commonly labeled as a bottom feeder. Yet, they are the only relief for many homeowners in desperate situations. Certainly, they make money, but doesn't anyone dealing with real estate? Even mortgage companies are in it for the money.
The point is, it isn't necessarily taking advantage of someone if you are helping them out of a tight situation to their benefit that they agreed upon, simply because it involves profit. It beats having a foreclosure on your record.
What do you think?
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