Is our Real Estate industry a mess or was it set up. We have for a long time benefited from the low man on the pole. In our history there has not been any help for the working low man. As soon as our industry saw that there was a market to make money off the low man. What did we do? We started over charging and over loaning and over informing the low man. Now we are trying to figure out what happened and why is the low man so upset when the loan officer says we don't have a program for your situation. We can't refinance that ARM. How do you explain to your kids that we have to move from our home! What is the answer? What do we do to help the low man?
We buy forclosures that came from the low man and further take advantage of him.