OWS Disrupting Foreclosure Procedures

By
Real Estate Sales Representative with Coldwell Banker Graham & Assoc.

I found this article the other day on the Christian Science Monitor where Occupy Wall Street protesters were disrupting foreclosure auctions and foreclosure proceedings.

It is interesting the mentality of this group of people. I think some legitimately want to make a positive change in this country, though they may be misguided, but others I think just want to be disruptive and be involved in a "Revolution". They may have a romantic idea of what that means. This is unfortunate because they could easily be lead to protest or do anything, whether they know what it is or not. Group mentality can be a dangerous thing.

I have worked foreclosures for 8 years now and I have seen the human side of the business. I have had to evict many good people who were in difficult situations and it is heart breaking. There is a human element to everything and it is not always business as usual. But disrupting the process isn't going to solve the problem.

I would like to know this; if a OWS protester loaned someone $100,000, and that person didn't or couldn't repay the loan. I wonder how forgiving they would be of the debt and how much they would appreciate someone disrupting their ability to collect the collateral on the debt.

http://www.csmonitor.com/USA/2012/0129/What-s-next-for-Occupy-Wall-Street-Activists-target-foreclosure-crisis?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fcsm+%28Christian+Science+Monitor+%7C+All+Stories%29

Comments (1)

Annette Sievert
CB Valley Broker - Corvallis, OR
Corvallis, Oregon

Nick, that is a good way to see it. Whoever griefs "greed" is always willing to point a finger at "bankers", "the rich" or whoever is an abstract entitiy in their minds that can be blamed. But at the end of the day whoever gets foreclosed on has failed to live up to a contract. Nobody whipped them to the closing table. They are adults, they made choices, and now they have to endure the consequences. Nobody thinks about sharing a profit with the lender when a house appreciates,  but if a depreciation takes place the lener is supposed to suffer. Contracts ae not a one way street.

Standing there with a sign is simply silly and ignorant.

Feb 01, 2012 03:24 AM

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