Correction – only a very few cases, maybe 2%, are actually “sad.” The vast majority of the foreclosures will be people who never had any business being in those homes to begin with. They could never afford to “buy” the places they did. Truth is, they never bought anything. They signed a toxic mortgage which they knew would one day explode. They took the gamble believing the next greater fool would bail them out and pay off their vacations, credit card shopping, and yellow Hummers too.
It’s because of all these greedy people, driving up prices, that my family is now homeless and priced out. We chose to do the responsible thing and not sign a toxic loan that we could never repay.
