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8 Comments on Foreclosure Victims: How They Fall Prey to It.
Sasha, it must be so hard for someone who has lost their spouse to have to face the fear of also losing their home. We are seeing alot of it here in Texas and it's just hard to watch.
As investors, we also need to keep in mind that when we're speaking to these clients....we need to view them as human beings and not dollar signs. Alot of the "We Buy Houses" folks here in Charleston are preying on elderly foreclosure victims. Most of them think that this is their only option. We try to help these homeowners save their homes before we even mention the thought of them having to sell. This is not just a house to them; it contains memories and pride. Thanks for the awesome info!
It amazes me how many people won't call their banks to let them know they are in trouble. Don't know if it is embaresment, shame or what, but if you are in trouble... CALL YOUR BANK!
Thanks for posting this. I think we have to keep reminding folks that not everyone purposely got into homes that could not afford. There are the real stories....Nice Post
Great post, there are many that are in bad circumstances today because of something beyond their control. It is so terrible to lose someone you love so much and have the added pressure of losing your home as well. Great reminder for compassion.
I'm starting to see more foreclosures, unfortunately they are trashing the house before they leave.
So many ways to lose your home - In our rural area, very few foreclosures are due to the "Overspending - HAD TO HAVE NOW" theory I hear of. It's mostly job loss, divorce and some of the other situations that you mention including loss of health, injury and medical bills as well.
Bad things happen to good people....
I've seen a lot of people who are too proud or embarrassed to let their lenders know that they're having trouble. And I've seen a lot of people who kept in constant contact with their lenders, but were ignored or made to feel worthless. Sad stories either way....