moving into our new home, purchased as a foreclosure. feeling weird.

[Anonymous]

Anonymous wrote:Have the family clean it up, what kind of people leave a mess with their personal stuff. Shame

The OP is lucky. Many of the people who own houses that go to short sales or bankruptcy foreclosures take appliances, bathroom fixtures, light fixtures, and even things like crown moldings.

[Anonymous]

Karma's a bitch - good luck with that...

[Anonymous]

"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly."

Maybe that is why I feel guilty and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit.

[Anonymous]

Anonymous wrote:OP - you're fortunate. Usually families strip the place clean, including all lighting and bathroom fixtures

This sounds made up.

[Anonymous]

Anonymous wrote:"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly."

Maybe that is why I feel guilty and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit.

Now I understand why the blacks hate the white so much. It is the white people like you who suck blood out of poor people and feel good about your victory. I wish you sleep tight. Demon and karma will follow you and your off spings for generation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly."

Maybe that is why I feel guilty and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit.

Now I understand why the blacks hate the white so much. It is the white people like you who suck blood out of poor people and feel good about your victory. I wish you sleep tight. Demon and karma will follow you and your off spings for generation.

Ok then- peace to you and yours. And yes you are right my point is that the system sucks and people like me get a pass. So at least that got through. I’m not in a position to revamp the economic and political system to give power to the worthy. Hopefully you are and you can do more to change it than wish ill will on unborn children.

[Anonymous]

We had foreclosed houses in our neighborhood. I'd much rather they are purchased by nice family's rather than sit empty as a memorial to the family that used to live there. That would do that family no good anyway.

[Anonymous]

Anonymous wrote:
We had foreclosed houses in our neighborhood. I'd much rather they are purchased by nice family's rather than sit empty as a memorial to the family that used to live there. That would do that family no good anyway.

familys

[Anonymous]

Anonymous wrote:

Anonymous wrote:
We had foreclosed houses in our neighborhood. I'd much rather they are purchased by nice family's rather than sit empty as a memorial to the family that used to live there. That would do that family no good anyway.

familys

Families, I think I should put my reading glasses on

[Anonymous]

Anonymous wrote:"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly."

Maybe that is why I feel guilty and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit.

I knew of plenty of white people who lost their houses the same way, especially because of refinancing to take out money to do extravagant home improvements. It was not confined to POCs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP - you're fortunate. Usually families strip the place clean, including all lighting and bathroom fixtures

This sounds made up.

No, not made up. I have a relative who is a real estate agent and she has seen this many times. If you ever watch any of those house flip shows on HGTV, you see it sometimes when they enter a house they bought sight unseen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"For those of you feel sorry that the previous owner of your house lost their house due to bad luck, bad financial decision, or they are not white, etc, why did you buy a foreclosed or short sale ? There are plenty of other houses on the market for you to purchase. You are greedy and heartless when you decided to look the houses and knowing other families were hurt badly."

Maybe that is why I feel guilty and maybe your memory doesn't run as long as mine. We bought a foreclosure because in the neighborhood we wanted, almost all the sales were foreclosures. It was 2008- we signed days before Lehman Brothers collapsed and foreclosures were EVERYWHERE. As it was, we were constantly putting in contracts against 5-6 investors and this one we happened to get. Either you bought a bad flip or a foreclosure at that time. The fact is that we are "poor" by DC standards, but because we are white, we had access to college and understood how credit works and we were taught how to use and save money. We could rush into the market while everyone was jumping out. The hispanic people who owned our house before us did not have those tools. They also took out a huge loan to add on to the house and that is what tanked it for them. They may have been okay if they stuck with their original loan. I feel sad for the family (We still get their mail btw) because I had the ability to take advantage of the system and they did not. However, this is the system that we all have to work within. I would think the "heartless and greedy" you refer to would be the investors who did the same thing, but only to make a profit.

I knew of plenty of white people who lost their houses the same way, especially because of refinancing to take out money to do extravagant home improvements. It was not confined to POCs.

Of course there were. However, the housing crash also disproportionately affected POC over white people because housing and the economy is not a level playing field. My point is that as a white person, we have an advantage (More of us are educated, more of us are taught how to get a good credit score etc). I am not in anyway saying that is the way things should be, but that is the truth of where we are in our society and where we were in 2008.
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/18/AR2010061802885.html

[Anonymous]

I thought it was sort of ironic how many people cashed out in the early DC run up and moved to PG, bought these gaudy houses and then lost all their profit over night and were still upside down on their mortgages. Many of those areas in PG aren’t back to their 2007 highs.

[Anonymous]

Anonymous wrote:We have friends who moved into a house where the previous owners had gone through a bitter divorce, with the ex husband essentially throwing the wife out at the moment her time in the house was up, per the divorce agreement.

They didn’t leave things behind, but my friends know the story and do feel a bit weird about it. They feel that they have to move forward and make their own good memories in the house, as a poster above suggested.

I don’t understand what the problem is here now. The parties agreed wife would vacate the house on x-date and she didn’t so he got her out as soon after the date as possible. He didn’t throw her out. She was required to get out by a certain date. Likely, his credit was tied up in the house and he couldn’t buy a new one until this one sold. Or maybe he found a perfect house but needed his share of the equity from this one to buy the other one ASAP.

[Anonymous]

When we bought our house my wife found a folded up note with child's writing that stated:

"Mommy, it's OKK to be sad after I'm gone. I love you forever."

We didn't know it when we bought the house but later learned through neighbors that the owners had a 10 year old daughter die from leukemia. Apparently the dad couldn't handle it, drank himself jobless, and eventually they divorced.

Still puts a lump in my throat 15 years later.