Shopping And Poor Consumerism The Foreclosure Crisis

first, i have a problem with the phrase Foreclosure Victims. people tried to purchase houses which could never be homes. these structures were appraised too high with basic amenities. if the house was purchased, why would you need to renovate the structure when there is no equity in it within the first ten (10) years of the purchase? does your normal wear and tear exceed normal probabilities? taking out additional loans or having a subcontractor front the costs and labor when they themselves go bankrupt. this reeks of never comparison shopping and poor consumerism. it pays to be informed over major purchases which affect your lifestyle. in other words the structure and surrounding property covered ina ccr were†¦show more content†¦In the event of crisis, the property may be taken over for imminent domain with no recompense. the worst case scenario is looking at the valuation of a vehicle, once it leaves the lot the value immediately decreases. with residency, you are simply a locater beacon and your purchase is your shame to bear. you are basically renting to own just the paperwork, which is a little different and the middle man is different. bankruptcy does not help. the mortgage crisis brought out, that the change of paper which has exchanged so many times with normal lifestyles, no one knows who owns what. Second mortgages were an issue and the negotiations for values of structures and land were placed in the forefront for evaluation. These mortgages are where people receive money for basically the same free standing structure, which is already overpriced. In bankruptcy, the debt can be forgiven and the original first mortgage total was lowered closer to the price than the structure was worth. How can you be a boomerang buyer when you have placed yourself in a bankruptcy in which there is still a certain stigma. the concept of banking and owning a structure are merely that. you place money in the bank and the bank does not watch it, but charges you for every single transaction while they ransom your money to you. Structure ownership never appealed to me. How can you