Friends Don't Let Friends Buy a Foreclosed Home! ! !

I say you're a retard.

I say Piss off.. I just bought two of them today.. 140k homes for 80k each.. I will be happy to dump 10k into each of them and turn around and sell for a nice take home.. Going to look at a few more tomorrow.. Pay your bills or get out of my house

Attitudes like this are precisely why the blackhearted bastards can get away with their crimes.

I hope both of your families are put out on the street by foreclosure.

Wow, you started out showing (false?) concern and compassion, and then turned into a snake with your last, very revealing comment.

That's why they say you need several months of savings in the bank. If you can't afford your home, you probably shouldn't be living there because you can't afford to keep it in good repair.

just because a bank has a foreclosure on the books doesn't mean (1) they could legally foreclose on it and (2) have the legal right to sell it and (3) have all the paperwork to back it up.

i bought through a private party recorded sale. best way to go.

Everything is a scam.
The government doesnt give a crap about any of us.
We are all fucked

I know whats wrong.. the OP had his house taken because he was to stupid to save some money and make sure he could make the payments if something happend.. so he is hateful

Good luck with that agenda. Making money off the backs of the bruised is the American way!

my neighbors of 13 years were foreclosed on a couple of months ago... and they did some very nefarious things to that house before they left.

anyone who buys that place is going to have to spend 10s of thousands to "correct" the situation.

Yeah that was a great thing.. some young couple just starting out that can afford to have a home is gona buy this and get fuckerd.. tell your x neighbors that are fucking scum-bags..

I agree with OP.

Buyers of foreclosed homes are bottom feeder scum who lack any sense of personal responsibility. Conscience is a bitch, and it will come back to bite them big time.

I know of families forced into foreclosure for missing a single payment. Once the bank decides you are delinquent, they won't accept your payments w/o additional funds to cover dubious fees, which quickly spirals into loss of title.

Buyers of foreclosed homes are lower than common thieves IMHO.

Newsflash for those who are buying foreclosed homes - YOU DO NOT HAVE CLEAR TITLE. Check it out - the land record system has been DESTROYED. Wonder why your title insurance policy EXCLUDES this from their policies on foreclosed homes? What did you buy? And you put down OP? WAKE UP PEOPLE!! The banks got paid off at least 3 times and then took the house too even though they didn't have the right or authority to take the house. The land records are destroyed - only a matter of time before this implodes too.

For anyone who has bought a house in the last dozen or so years I really recommend that you go to county recorders and pull the records from the previous owner - I'll bet YOU don't have clear title either! I am currently in this situation - in four - yes FOUR - transactions on my house - BEFORE I BOUGHT IT - have forged paperwork in the county records - all four reconveyances are fraudulent paperwork and signatures. Guess what - title insurance company avoiding it like crazy - so WTH do they insure when you buy a house? I really want to know! I'll post more on it as it plays out - my house was never foreclosed on and IT HAS THE SAME PROBLEMS!!! The banks have been screwing us FOR YEARS!

Try again Mr. Fail I have been buying them fr mths.. Title free and clear..

Bravo! even if your house is paid off you don't own it. try missing your property taxes and see what happens. you'll find out you didn't own sqwat! Biggest scam of the century, has yet to come crashing down fully. banks holding properties off the market. Millions behind in payments. most people living pay check to paycheck. when they tell you things are getting better, be prepared for the worst.

you want your roads upkept? teachers paid? pay your prop taxes..crews to get you water and Ele.. Pay your prop taxes. Just a way for the gov to get more money.. whats the diff they will take it one way or the other...

hell no i won't.... they paid on that house for 13 year.

i'm glad they did it... and i even offered a few suggestions.

fuck your "young couple", shitbag.

the bank foreclosed on the house, not the buyer...
it's the greedy bankers that are the assholes(~).

The title of this thread should be:

Friends don't let friends do business with banks that foreclose on homes(~).

The issue of clear title is very real. This has not become mainstream news yet because sufficient numbers of the financially destroyed families have not been able to afford the legal representation required to properly challenge chain of title issues. There are a few years left still before SOL, so buyers of foreclosed properties should be very concerned. Personally, I hope that the bottom feeders will be painfully reprimanded.

Why shouldn't someone continue to live in their home even if it is in disrepair?

A. No, I have never owned nor ever wanted to own a home. I move around too much and unless you can build up some equity you are better off renting.

B. I don't hate anyone. I just think it is proper universal justice to be visited upon by precisely what you do unto others. Hmm...where have I heard that before? ...and NO I am not a christian or any other organized religion.

We all know banks are criminal, yet we still put our money with them. We still you credit cards, giving them even more money, in the crazy fee's. Wake up! We are smarter then this.

That's scary, especially since it would be so easy for the bank to take the check you sent them and pretend they never got it, if it's that profitable for them to foreclose.
I don't quite understand why it is profitable for them to do that however, with property values so much lower these days.

I think that the scumbags buying up foreclosed homes are just a bit too savvy to comment on this thread, lest it remain popular. Therefore there is no debate here, just like the same debate is suppressed everywhere else in the USA.

You who attempt to profit on the misfortune of others will ultimately find yourselves repentant for your greed.

Ding! Ding! Ding! We have a winner!

Give this man a cigar!

Isn't there some type of title insurance that people get, like when they buy used car? I don't know, just askin.

I will be happy to buy any home that was foreclosed due to the owner making an irresponsible decision to buy more house than they can afford. Whether OP likes it or nor, it's not all the banks fault. There is plenty of blame to go around. The only ones getting fucked here are the few left paying taxes that actually made sound financial decisions. Why shouldn't we get some kind of benefit for it?

Whoever keeps saying they missed ONE payment and were foreclosed on, is full of baloney1

Really??? Don't buy foreclosures to teach the bank a lesson. If they make $30,000 a year and bought a $200,000 house it is the banks fault? How about my douche bag friend who hid the $80,000 he had so the mortgage company he stiffed did not come after him and walked away from a property he signed his name and promised to pay. Oh wait, it did not go into foreclosure, he used a short sale. That $80,000 is probably what the bank lost.

i bought a used car from a guy that buys cars at repo auctions. i suppose you fruitcakes think i'm a bottom feeder for doing this too, right?