No, Im not joking....Just saw this on CNN and had to go diving to find a link to post for you....

http://www.cnn.com/video/#/video/us/2008/03/14/lawrence.burning.homes.cnn

It seems that it is an attempt to cash in on insurance so they can start again rather than lose everything.  I thought something like this was going to start happening considering the depth at which this mess is going.

Desperate people do desperate things, I guess...

 

 

4 Comments on Homeowners Burn Home Rather Than Face Foreclosure

MAR
14
2008
 Clint - Just saw this on CNN this morning.  It is really aweful that there are homeowners that need to go this far.
11:58am • #1
188,783 Points 44 Featured Posts
Ellie -- Agreed!  Im sorry to see it having to go this far. 
12:01pm • #2
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Hi Clint,

What a sad story.  People are really getting desperate.  Have a nice weekend.  Michael A. Caruso
12:33pm • #3
188,783 Points 44 Featured Posts
Michael -- Agreed...very very sad.  I hope THIS isnt the trend that will be coming as a result of the continued foreclosure disaster that we are facing down...How desperate do you have to be to make this decision?
12:36pm • #4


What does the graphic say?
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