jimilebowski
Banned
- 287
- 10
- Joined
- Mar 2, 2011
HAHAHA, at people turning this into a racial matter. . .I don't think a lot of you know one thing about owning property or a house for that matter. . And I'm coming from a neighbors perspective.
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He can't sell the house. He doesn't own it. Like you said he assumed liability of it, but it doesn't mean he owns the house. The title is not in his name, he doesn't even have the deed.Originally Posted by Wr
In Texas, that's an average neighborhood. Dallas especially is saturated with suburbs. You can really see how subprime lending really affected the nation if you look at dallas. There was a boom of new construction. Even the home builders had tv shows for their new subdivisions weekly. It's a ton of house that look way bigger than that sitting vacant in dallas. It's the person's fault that had the house before him before him for the property value dropping to forclosure price because they couldn't make it.
Hell, if anything this guy is actually saving the value in the neighborhood. When he sells the house he's gonna ask and get a lot more than a bank. Banks that have foreclosures have short sales where they sell the house way below market value to remove the asset from their books and liability and to quickly get it off their hands.
If the bank sole the property under value, when the neighbors sell their house, potentially buyers are gonna say comparable houses in your neighborhood were sold for much less no matter if it was sold by a bank and because it was a foreclosure.
This guy is actually saving the neighborhood.
He didn't buy the house for 16 dollars. He just assumed liability of the house since the owner and mortgage company abbaited their fiduciary duties.
He can't sell the house. He doesn't own it. Like you said he assumed liability of it, but it doesn't mean he owns the house. The title is not in his name, he doesn't even have the deed.Originally Posted by Wr
In Texas, that's an average neighborhood. Dallas especially is saturated with suburbs. You can really see how subprime lending really affected the nation if you look at dallas. There was a boom of new construction. Even the home builders had tv shows for their new subdivisions weekly. It's a ton of house that look way bigger than that sitting vacant in dallas. It's the person's fault that had the house before him before him for the property value dropping to forclosure price because they couldn't make it.
Hell, if anything this guy is actually saving the value in the neighborhood. When he sells the house he's gonna ask and get a lot more than a bank. Banks that have foreclosures have short sales where they sell the house way below market value to remove the asset from their books and liability and to quickly get it off their hands.
If the bank sole the property under value, when the neighbors sell their house, potentially buyers are gonna say comparable houses in your neighborhood were sold for much less no matter if it was sold by a bank and because it was a foreclosure.
This guy is actually saving the neighborhood.
He didn't buy the house for 16 dollars. He just assumed liability of the house since the owner and mortgage company abbaited their fiduciary duties.
Originally Posted by LuckyP90
If these neighbors are friendly enough with eachother to have meetings, then they were probably friends with the guy that lost his house too. So imagine if your friend lost his home because he lost his job or whatever and couldn't pay mortgage, and then some smug guy walks and picks it up for 16 dollars. Its not that unreasonable that they're salty or think its unfair. That said i wouldn't care that much and would probably just think it was cool. Just saying lets quit jumping to conclusions that everyones a racist soon as anything happens to a black guy mentioned in a thread.
Originally Posted by LuckyP90
If these neighbors are friendly enough with eachother to have meetings, then they were probably friends with the guy that lost his house too. So imagine if your friend lost his home because he lost his job or whatever and couldn't pay mortgage, and then some smug guy walks and picks it up for 16 dollars. Its not that unreasonable that they're salty or think its unfair. That said i wouldn't care that much and would probably just think it was cool. Just saying lets quit jumping to conclusions that everyones a racist soon as anything happens to a black guy mentioned in a thread.
Originally Posted by KenJi714
PreachOriginally Posted by CJ863
Just watched this. I don't understand why the neighbors are mad and I hate to play the race card but... that's the only reason I can come up with
why the neighbors are mad. Honestly if this happened to me in my neighbor hood I wouldn't give a damb, it has nothing to do with me, he won so what.
The reason the neighbor are mad because they wish they could have done the same if they knew about the law
Originally Posted by KenJi714
PreachOriginally Posted by CJ863
Just watched this. I don't understand why the neighbors are mad and I hate to play the race card but... that's the only reason I can come up with
why the neighbors are mad. Honestly if this happened to me in my neighbor hood I wouldn't give a damb, it has nothing to do with me, he won so what.
The reason the neighbor are mad because they wish they could have done the same if they knew about the law
yea, considering how often the grass was getting cut when he wasnt thereOriginally Posted by cguy610
^ that would be terrible if the he doesn't cut the grass or anything and the place looks a mess 2-3 years from now.
yea, considering how often the grass was getting cut when he wasnt thereOriginally Posted by cguy610
^ that would be terrible if the he doesn't cut the grass or anything and the place looks a mess 2-3 years from now.
lolOriginally Posted by jthagreat
yea, considering how often the grass was getting cut when he wasnt thereOriginally Posted by cguy610
^ that would be terrible if the he doesn't cut the grass or anything and the place looks a mess 2-3 years from now.
lolOriginally Posted by jthagreat
yea, considering how often the grass was getting cut when he wasnt thereOriginally Posted by cguy610
^ that would be terrible if the he doesn't cut the grass or anything and the place looks a mess 2-3 years from now.