A New Foreclosure TV Show!

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I apologize... It was the THIRD month... Typing on my phone - Please forgive any other typos or mis-corrected "corrections" you may find.
Thank you

shirley of OH 11:52PM August 01, 2011

Illinois Reogroup, you are wrong. Our home went into foreclosure on the first day of the thrift month of delinquency. Just want all of you who would watch this show (and/or others like it) how the other side feels. I lost a significant amount of income beginning in June of last year. Because we were unable to pay a full three months' mortgage (ie; $6,000.00) on that one day, we were entered into a foreclosure. We have fought long and hard to keep our home for our three children. The really bad part? All of these lecherous vultures start calling you, coming and taking pictures IN FRONT OF YOUR CHILDREN of your home, advertising it online, etc. It is unbelievable the amount of privacy these people steal from you and your family simply to make money. Maybe, if I was the kind of person who could capitalize on the pain and suffering of others, I wouldn't have to fight. But I (we) will. You will not get our family's home.
I hope you will all think that each person who has an item featured or shown on this show has a story. They are people - with lives, families, friends... The same things you have in your home. And then pray... Please pray for the people who have lost and for the people who capitalize on their loss. And then please pray that God will forgive us our greed.

shirley of OH 11:39PM August 01, 2011

People bought these homes for inflated amounts with little to no money down. Then fixes them up, and resells them.
Sounds like a fair deal.
Also, you have to be over 6 months behind on your mortgage before you are even in risk of foreclosure.
Finally, the redemption period allows the home owner a period to recapture their foreclosed property. They must pay in full, the total amount due including all penalties, fees, interest, and late charges.
Only a minute (less than 0.001%)* of people who have been foreclosed on every recapture their property.
*this is from personal experience working for the largest foreclosure brokerage in Illinois.
IllinoisReoGroup.com

Matthew Zivkovic of IL 2:57PM August 16, 2008

The reality is that Florida once again is a investor dream for the foreclosure market..homes that were selling for $1.2M can't be given away for $700K..the $700K homes behind the precious gates filled with people who wanted to keep themselves from a certain kind..are now finding themselves looking at those kind of people moving in for a bargain of $450K...I don't blame people for taking advantage of the market..that is why they call them INVESTORS..and banks are finally willing to start DUMPING the inventory at bottom prices..and seller are short selling their lives away..

Ann of FL 9:58PM May 29, 2008

I find it humorous that people think that taking advantage of a decline in values is any different than taking advantage of a rise. There are losers in both cases. Personally, I don't watch any of these shows but there is no difference between this and the get rich via real estate reality shows. I can't tell you how sick I got hearing all those irresponsible people saying that real estate was such a great "investment". These are generally the same people calling the current situation a crisis. Well, investments do decline and its time for people to face the consequences of their actions. No bailouts for banks or individuals. Prices need to fall so that "investors" will take the risk.

Pat of NH 1:10PM May 29, 2008

Well, we bozo-ized (yes, an original coined word) Americans LOVE those reality shows where somebody gets thrown off of something. Thrown out of the house (with your dreams devoured by vultures) a stretch? Probably not. Some jerk somewhere is probably calling it "the next level" at this very minute.
This is one more reason (if it succeeds in the "pitch" process) why that digital TV day in February, 2009, should be our NATIONAL TURN-THE-DARN-THING-OFF-FOREVER DAY. That would be the "changeover" we need---but only those with individual courage can have it. (The Bozos will remain faithful in viewing.)
Not "all" media has negected the USA foreclosure crisis by the way--- just our American media. Not long ago, the BBC world news did an evening feature story on Californian tent cities growing daily with people foreclosed. But that was for their British audience, not so much for us here.

Daniel David of NM 11:34AM May 29, 2008

You know this always happens when there is some type of hardship. Remember when Katrina happened the shady roof repair guys and con-men came out of the woodwork. This guy sounds like a real scumbag that probably threatens folks that have been foreclosed and strong arms those that have the audacity to exercise their right of redemption on their home. Scum like this guy you don't even have to open the door for, he will just oooze right under it. I guess this is the opposite of the Fix and Flip housing porn on HGTV and Learning Channel.

James of AZ 5:24PM May 28, 2008