Housing Crisis Popular With Popular Teens

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why shouldn't investors be allowed to bid? It would increase the prices of these houses on the auction block and cause other
houses on the market to go up which would be gooooood for the economy

joe of IL 4:34PM August 10, 2008

The banks should be required to have an ABSOLUTE (not reserved) auction of the properties within 120 days of their foreclosure.
The banks should not be allowed to bid on these homes and only intended homedwellers (not investors) should be able to buy.
This is an easy way to occupy these homes and get property tax revenue back.
The problem now is that the banks are allowed to keep these foreclosured properties on their books at full mortgage value...so the banks have no incentive to sell them or do short sales.
The banks would rather see our housing stock destroyed,
Please write your legislator!

Steve of FL 10:03PM July 01, 2008

Perhaps it is time for the Oxnard police to take a permanent break from writing seat belt tickets and arrest some teens----and each and every one of their parents.

Daniel David of NM 6:58PM June 30, 2008