I want some other peoples opinion on this. I mean I know what mine is, I would just like someone else's prospective.
Fisher & Company, P.A., Marketing & Creative Strategists - Fort Worth, TX
Geez. This looks like a case of someone being totally clueless. I feel very badly for the Beazer team and all that they did for these people. Their intentions were admirable. But, my dad used to tell us --- Never mess with the roof over your head!
Thanks for the post, Chris.
Jul 28, 2008 10:12 AM
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale
It sounds like poor money management. Invest $450,000 in a construction business. I can understand how the business "might" have failed, but it looks more like a picture of poor money management.
I think the bigger tragedy in the picture is that it makes people/organizations leary of doing these types of things for people. Either that, or they need to put the monies (taxes, and the other they got) into a trust fund of some sort that they only get monthly payments from, and can't blow the money all at once.
I remember this show, since it was an Atlanta suburb, and it's a crying shame to see it happen. But this is NOT a good example of the foreclosure mess. These people willingly borrowed against the equity of a good home that was GIVEN to them by thousands of people that donated their time to build it for them, and now they are going to lose it.
Jul 28, 2008 10:14 AM
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