Bottomfeeders - Unite!

By
Services for Real Estate Pros with Realty Executives

We've all seen them - STOP FORECLOSURE!

The signs litter grocery stores and fill the classified ads.  In this market, is that such a bad thing?  Foreclosures are at an all time high with defaulting loans as a regular occurrence.  Who will save the economic bacon of this area?

 

A different type of investor that has a solution to this problem is commonly labeled as a bottom feeder.  Yet, they are the only relief for many homeowners in desperate situations.  Certainly, they make money, but doesn't anyone dealing with real estate?  Even mortgage companies are in it for the money.

 

The point is, it isn't necessarily taking advantage of someone if you are helping them out of a tight situation to their benefit that they agreed upon, simply because it involves profit.  It beats having a foreclosure on your record.

 

What do you think?

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Rainmaker
672,493
Rob Arnold
Metro Orlando Full Service - Investor Friendly & F
Sand Dollar Realty Group, Inc.
As long as the investors is not screwing over the homeowner, then I don't have a problem with it.  Somebody is going to have to work through all these short sales and foreclosures.  The Realtors and the real estate investors are going to be the ones to turn these lemons into lemonade.
March 07, 2008 02:47 PM
Rainer
36,903
Richard Parr
Home Security Specialist - Greater New Orleans, Louisiana
ADT Security Services
My thoughts exactly Rob.  They have to be credible and reputable investors.  The problem is that there are people who will take advantage of them.  Home owners are desperate in these situations and want believe anything.  It opens the door for scams and predators. Owners need to be very careful!
March 07, 2008 02:59 PM
Rainer
4,239
Kealoha Garcia
Realty Executives

Let me clarify - I am NOT referring to the criminals that can invade any business.

Only those that get homes out of hock for the owners at a discount.

I agree homeowners need to be careful - now more than ever, but there are meeting spaces that can be beneficial for all involved, and improve the market to boot.

March 07, 2008 03:36 PM
Anonymous
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Rainer
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Kealoha Garcia

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