There are many people who seem to think they know what the term “foreclosure” means. They think they understand it and can interpret it. They freely write articles about how to buy foreclosed property, how to find foreclosed property and how to make the most out of the current foreclosure environment. The short-sightedness of these titles tells me they understand no more than how to make money off some other poor sap’s misfortune.
If I were to hold a class entitled “How to Get Rich by Reading Obituaries,” would you sign up? If I wrote an article called “Make Your Mark by Profiling Dieing Children,” would you scramble to read it? If I could tell you where to find the most naive old people to sell magazines to, would you listen? Yes you would, and you know it! If you would listen to, watch or read any informative broadcast or article on how to profit from somebody losing their home then you won’t stop at anything.
What do we think a foreclosure is? Do we really think it is a process of taking someone’s home that deserves to lose it anyway? Can we justify our selfish actions of trying to scoop up the best foreclosure deal by saying “Well, the past owners were probably dead beats anyway?” Is every single foreclosure made up of a nice house and a wicked family? If any of these come even remotely close to your fantasies about why someone lost their home, then perhaps you should lose yours, at least once!
I am not so gullible as to believe there are not “bad” people in our world. I know there are scoundrels, rapscallions and degenerates. However, my life experiences have generally taught me that the type of person defined by any of those terms simply does not regularly get involved in a house mortgage. Perhaps occasionally and maybe a few of the foreclosures we see today are because of those types of people. Primarily, however, I believe that at the base of every foreclosure there is a lost job of some kind.
Someone has lost their long time, $22 and hour, automotive supplier job due to you and people like you, buying foreign automobiles rather than supporting your American manufacturers. Or they have lost a good share of their income because the company they are working for has convinced them they need to cut back. Perhaps they have even been trapped in a six digit environment, because that is what they were making when they purchased their home. Now they are lucky to make a five figure income but suddenly realize they cannot support their old six figure life style. Something has to give.
Maybe the victim of the latest foreclosure was first a victim to one of those very creative, yet lucrative, loan programs. You know, stated income, where nobody has to see proof of your income, they just believe you. Or the zero interest circus where ultimately the interest catches up with the hapless borrower. What, ignorance is no excuse? Well excuse me, but if you are one of the extremely rare individuals who have never, ever made a mistake about anything in your entire life then maybe you should start giving classes on everything, including how to achieve the American dream but make sure the dream is no more than a sandwich at your local McDonald’s restaurant.
I genuinely wish I could speak more intelligently to the topic of foreclosures but I can’t. I can only relay that which I know. The one thing I absolutely do know is that not everyone who has been foreclosed upon is a criminal. Not everyone who has lost their “American Dream” home deserves it. Not everyone looking for a quick buck should concentrate on the miserable soul watching his hard work being pulled out from underneath him.
Get a job already, alright? Do something a little more productive with your free time other than help the other guy fall apart. Quit buying somebody else’s misery. Force the issue back onto the bank. Make them deal with the guy who is trying to get back on top but has as many obstacles as you read about in any edition of any American newspaper, staring back at him day after day. Sure, punish the criminal but don’t kick the forlorn on the way.
Do you really think you understand foreclosures? Do you think the word “foreclosure” means nothing more than a great deal for you? Are you serious when you act like everyone who loses their home deserves it? Is this a good time for you; stomping on the loser then twisting your foot until his innards spurts out from under your shoe? Lose your home and suddenly you become worthless, lower than a snake, not worthy of even a bone.
Think about it, this is the only national crisis where the victim receives no help after he succumbs. Once foreclosed upon you are on your own. Any programs available are available only for those who have not yet experienced foreclosure. Yeah, you guessed it. I know this all to be fact because I am indeed one of those twisted, depraved, conniving criminals who have been foreclosed upon. Go ahead, buy my home. It’s full of blood sweat and tears but you will never acknowledge that. Go ahead, buy my grit, my toil and my love, my wife and family can no longer enjoy it anyway. Why? Because I was a victim of an unforgiving society and a bottomless economy, I suffer my crime and pay the price.