I'm sorry; but I don't have sympathy for EVERY SINGLE PERSON losing their home!

Services for Real Estate Pros with Pacific Servicing

*Disclaimer* This is a topic I have been wanting to write about for quite some time, and whether you agree with my opinions or not, please take the time to read the reasons why, and digest the information, before commenting.

First off, let me start by telling you who this blog is NOT FOR:

  1. This blog is NOT FOR the wife who lost her husband in Iraq
  2. This blog is NOT FOR the family who's child was diagnosed with Cancer
  3. This blog is NOT FOR the dad who is working 3 jobs to support his wife & 3 children
  4. This blog is NOT FOR the consumer who was tricked into an Option Arm Loan, or one with an adjustable rate that is balooning out of control
  5. This blog is NOT FOR the consumer who lost his or her job, and is doing everything possible to make ends meet.
  6. This blog is NOT FOR the consumer who fell on hard times, and is doing their best to make ends meet
  7. This blog is NOT FOR the consumer trying to short sale their home to get out of a bad situation

I think you get the point on who this blog is NOT MEANT FOR. I could spend the next hour on #'s 8-30, but I covered enough to get the point across

Now, lets get to who this blog post IS FOR:

  1. This blog IS FOR the homeowner who refied 6 times, bought all the new toys, then let their home go
  2. This blog IS FOR the homeowner who hasn't had to make a payment in 2 years, and lives in the BANKS HOME free of charge, yet still complains about being broke (I have Strong disregard for this person)
  3. This blog IS FOR the homeowner who bought 3-4 homes to flip right at the peak, and got stuck with them yet still complains that they are being done an injustice!
  4. This blog IS FOR the homeowner who feels the need to "strip the home" as a final parting gift. Was it not enough you got to live for a year + in the home free of charge, and YOU are the one who defaulted, yet you feel the need to cost the bank $30,000-$50,000 by gutting the kitchen and baths, destroying the walls, kicking holes everywhere like a MISGUIDED CHILD.

I really will not get into too many details, as I could blog about this for hours. I think you now see the full jist of my thoughts and feelings on this topic. I can't stand that while honest hardworking folks such as myself work hard, make a good living, PAY THEIR MORTGAGE, and PAY THEIR TAXES on time, while we have folks abusing the system, dragging out their foreclosure, forcing the bank to go through a lengthy evicition when they ALREADY have been in the home 1 year + without making a payment. Is that not enough? Why do you choose to feel like the world owes you a huge favor. YOU took out the mortgage. YOU chose to to refi umpeen times. YOU chose to risk it all and buy several at 1 time, and YOU chose to further harm the bank, which in affect harms the economy, by stripping your property!

Look, I understand things can happen. And for everyone that falls under the "not for you" section, I have zero issues with you and completely can understand your situation! But when people abuse the system, haven't had to make a payment (in certain cases for 2 years!), and still choose to draw out the evicition, trash their homes, and what not, that is NOT OK in my book!

Whatever happened to morals? If you can't afford your payment, and can't work it out with the bank, find a rental you CAN afford and when the home is foreclosed on move out!!!! Why wait for the bank to kick you out via an eviction, why choose to be irresponsible and live off the economys dime? Why choose to gut your home, something I believe you should be thrown in jail for!!! Its time to learn a life lesson from this terrible experience and to move on!

So to wrap it up, this is my "shocker" blog of the week. The one that people will either love, or hate, I am not sure I will have to many neutral party comments :)





Posted by



Ryan Case - Partner

Pacific Servicing, LLC


(800) 313-9050 - Office

(951) 760-3170 - Mobile

(951) 501-2926 - Fax



Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Dee Bundy 09/15/2010 11:44 AM
  2. Jim Smith 09/16/2010 02:34 AM
  3. Ryan Case 09/16/2010 04:36 AM
ActiveRain Community
California Riverside County Temecula
Active Rain Newbies
California Dream Team
Foreclosures, and the future of our market.
bank owned
cash for keys
poor judgement

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Brent & Deb Wells
LivingWell Properties - Prosper, TX
Prosper TX


I think you nailed most of it, I might sum it up with 'personal responsibility'. Take charge off your life and be accountable for the decisions you make. No one owes you a safety net.

You get massive kudos for bravery today!


Sep 16, 2010 03:30 AM #56
Ryan Case
Pacific Servicing - Temecula, CA

Thanks Brent, I knew I would get a few negative comments, its part of life I guess, I am not one to hide behind my true feelings. And to everyone else, I will be at RainCamp in San Jose, No doubt with a target on my back, 2 featured blogs in a week, both contoversial topics, with the other blog being about Unethical REO Listing Agents.

Sep 16, 2010 03:45 AM #57
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

I think I am falling in love with you Ryan.  You need to quit making sense :)

Subscribing to you and I am going to ask you to be a contributor to my outside blog as many things you have posted are relevent to Las Vegas

Sep 16, 2010 04:11 AM #58
Juanita Thompson
Sumter, SC

Ryan, two thumbs up here.  Decisions have consequences -- understanding that is an essential part of growing up.  Unfortunately some people just never grow up.

It is an opinion, it's your opinion, you're entitled to it and you have the freedom to express it.  Some people will disagree.

Not me, though.  I think you nailed it.  Hooah.

Sep 16, 2010 04:30 AM #59
Ryan Case
SCA Real Estate - Anaheim, CA

Overall your comments and feedback are great! You took the time to stick your neck out, and I am sure you will have a bullseye on you at Raincamp, but I'll be right next to you :)



Sep 16, 2010 04:34 AM #60
Ryan Case
SCA Real Estate - Anaheim, CA

And also you are getting reblogs, something that tells me your blog was well received in the community :)

Sep 16, 2010 04:35 AM #61
John MacArthur
Century 21 Redwood - Washington, DC
Licensed Maryland/DC Realtor, Metro DC Homes

Ryan....of course, you will receive accolades from this group. Some even have lauded your courage(?). Moat of the people that will read this are quite aware of all the horrors you describe.  It is good to vent.  Of course, some comments reveal that the person responding is clueless. the pompous fellow that feels nothing is amiss if people are doing things within their legal rights.

It is in your mortgage...you can not willfully do anything that will reduce the value of the property. It is a violation of the terms of your loan to trash the house. 

While I agree with your post and share your angst, I don't think the general public gives a damn one way or another unless one of these devalued properties impacts their homes market value.

Sure, we all have dealt with the folks that used the home as an ATM. Sure, most of us have little sympathy for anyone that has abused the system.

That angst and a buck might get you a cup of coffee. 

Sep 16, 2010 05:03 AM #62
Barbara Hensley

Hear!  Hear!  There will always be people who learn to work the system.  Great points.

Sep 16, 2010 05:43 AM #63
Donald Tepper
Long and Foster - Fairfax, VA
DC area investor helping heirs of inherited homes

I fully agree. One of the things I'm concerned about is that this corrosive lack of responsibility is spreading throughout the country. Geez--do you remember 15 or 20 years ago when a foreclosure was not only rare but frowned upon? Now there are folks who are wearing foreclosures like badges of honor. They worked the system, and walked away from a huge mountain (steaming pile) of their own debt. Yeah, for those who say it was legal, in some cases it was. (But let's not get into issues of mortgage fraud and stated income loans and all that.) But now, more and more people are looking around, seeing others doing it, seeing little or no criticism, seeing some even applauded for doing it, and are increasingly tempted themselves.

Great post.

Sep 16, 2010 06:13 AM #64
Mindy Sylvester
MVP Realty - Naples, FL
Naples Fl Real Estate

"Empathy means you're human. Sympathy means you're about to make a mistake."

I think comments like Fred Griffin's are valid, though -- when people do this on a corporate level, there are no consequences for them. The real lesson of the American criminal justice system seems to be "commit the biggest possible crimes...we have zero tolerance for petty thieves here."

Still, crime is crime is crime.

Sep 16, 2010 06:29 AM #65
Matt Kofsky
Transaction Realty 500 Reno, Nv. - Reno, NV

Ryan, you seem to lump people who do illegal activities in with people who do legal activities that you do not like.    

Sep 16, 2010 07:51 AM #66
Dan Quinn
The Eric Steart Group of Long & Foster Real Estate - Silver Spring, MD
Dan Quinn

Good for you Ryan - calling a spade a spade.  I think I could write a book on all the abuse I have seen with these "walkaways" in the short sale and foreclosure arena. 

I am looking forward to when the banks are stabilized and have the capability to go after these people and prosecute them.  It will happen, it is only a matter of time.

Sep 16, 2010 09:50 AM #67
Sandra Steele
Wise Choice Properties, Sedona/Verde Valley Branch - Cottonwood, AZ
Integrity, Knowledge - 37 Years of Experience!!!

This is a very touchy subject and there are so many variables.  The government, the banks, the homeowners, the short sale & the foreclosures.  WOW what a mess we are in.


Sep 16, 2010 05:26 PM #69
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Wow, Ryan!  I get the impression that this is a rnat that's been a long time coming!  And you probably won't find a lot of people around here who will give you an arguement.

Sep 17, 2010 02:05 PM #70
David Krushinsky
Dk Home Loans, LLC - Peoria, AZ
AZ MB-0949619 MLO NMLS #202115

It's pretty amazing the "entitlement" that some feel they deserve.  I say rip the band aid off and let's move forward.

Sep 18, 2010 09:01 AM #71
Rodney Mason
Guaranteed Rate - Atlanta, GA
AL, GA, SC, & TN

Great post.  Personal responsibility seems to be out the window for some people.  I attend most all of my closings and I never saw anyone signing docs under any type of duress.  They were all very willing and none ever put up any resistance. 

When you borrow something, it is your responsibility to return it.  It's not much more complex than that.  Some areas were more hit than others by people who bought on the speculation of huge profits.  In the end, they only wanted the gains but not the risk associated with it.   

Sep 19, 2010 06:42 AM #72
Dana Voelzke
loanDepot (203) 733-9408 - Bethel, CT
Loan Officer/ First time home buyer specialist

Yes, we need more personal responsibility. I have had some homeowners in trouble sit down at my desk and say "I didn't think they would give me the mortgage, but they did." I sure hope this becomes a lesson learned. Somehow I don't think all the new regulations are going to eliminate this problem from happening again.

Sep 29, 2010 06:39 PM #73
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Ryan I think that you clearly saved your butt from being thrown to the sharks when you made the distinction between those who are targets of your post and those who are not.

I will agree to the degree that it is undeniable that some people are milking the system for all that they can get.  I agree that some are behaving irresponsibly and making  bad matters worse.  In light of that, I am glad that you did not clumped in a single category, everyone who has defaulted on a mortgage loan.

ActiveRain is about creating a dialogue and I can certainly say that you have done a bang up job in doing that.  Your post of on 1/2 cynical.

Oct 03, 2010 12:48 AM #74
Daniel H. Fisher
www.FisherHermanRealty.com (704) 617-3544 - Charlotte, NC
MCRP - Charlotte Real Estate, NC or SC

I can't imagine what it feels like to lose a home.  If it is painful, perhaps the person is truly experiencing a hardship.  Investors who lose a home and homes that are lost as a result of inflated prices resulting from unscrupulous lending practices, overbuilding and structural issues in the market are a little less clear.  For the homeowner to take the full blame of the failure, could be seen as unfair - even if they contributed to the problem.

It will be nice when saving is back up, steady payments allow the "upside down" homeowner to sell and the market becomes more liquid again.

Aug 20, 2011 04:13 AM #75

You don't know what it feels like to move into your dream home after working so hard for many years, then boom....you're diagnosed with cancer. You're hit with medical bills up the ying yang and you're trying your hardest to keep working and go through treatment. Cancer hits the entire family. Your next hurdle is watching your teenager become addicted to drugs, as he's got access to all mom's cancer pain meds. Then, you think you come out of that, and you're then a victim of predatory lending. Still, you think you can keep your head above water, you find yourself liking the pain meds a bit too much, and oh, just to get a good night's sleep, or to lose yourself in the heartache, and ptsd that cancer brings you, you pop a few of the sleeping pills during the day. Eventually, you pull yourself together from that mess, and you find out that your husband is having an affair - oh joy! He walks out and leaves you 1/2 dozen times to be with mistress, but still you keep trying to hold it together. Until he returns and he's juggling both of you. Through the anxiety of it all, you then end up losing your job. To add insult to injury, your mortgage is with one of the worse mortgage companies in the industry and they have violated every possible federal guideline. Meanwhile, you're hit with a foreclosure date on your home, while your paperwork is sitting in the underwriting department being reviewed for a modification...and the county worker walks up on your property to pin a note on your beautiful dream home door. You should be used to this company by now, since they wanted to foreclose on your while you making payments earlier last year and hadn't missed a heartbeat. Oh, they said, our system is down! Not to worry, just disregard. And, all too quickly that date will soon be here. I'm packing up my beautiful dream home, and I'm so sad. It's hard not to keep worrying about my home. As I wander from room to room, I'm still picking up bits from the carpet, keeping it clean, pulling little weeds from the flower beds and wondering if there'll be a miracle. I thought I'd found my forever home all those years ago. I thought this would be the place my grandchildren would swim in my pool or sit at the kitchen island and eat homemade cookies. As I showed my home to potential buyers last week, I was asked if I'd been happy here, and it was very hard to lie - of course, I said. Seems, there's nothing constant in this life, and none of us know what's around the corner. But, I know we will rebuild. Bankruptcy isn't an option for us since we have other investment properties. I still pray that one day, we will own a beautiful dream home again.

Apr 13, 2016 04:22 AM #76
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