[kiki p]

Things like this shouldn't happen and the creep that bought it for $70,000 & plans on selling it for a profit, should have something *really* bad happen to him.

I don't understand the venom directed towards the purchaser. He or she did not CAUSE this situation. Depending on your point of view, the cause was either the people who didn't pay their bill or the HOA. If this particular person had not bought the house, Anita and Thomas still would not have kept it - it would probably have reverted to the HOA. I work in real estate investment - we buy homes in pre or post foreclosure. It can make one feel like a vulture sometimes, but I have to remind myself that I didn't cause the situation. Is it morally wrong to take advantage of it after the fact? If I can find a deal pre-foreclosure, the unfortunate homeowners will walk with some money - the bank will never do that for them. One way or the other, right or wrong, people lose their homes when they fail to live up to agreements they make. The fairness or morality of the agreement is another issue.

[DLfromthedesert]

It's immoral to buy a home at 20 % of what it's worth; why not give the homeowner his due, which is the market value of the house, and THEN deduct whatever he owes?

[ArmstedFragg]

If I can find a deal pre-foreclosure, the unfortunate homeowners will walk with some money - the bank will never do that for them.

Funny, isn't it, how when the bank is the only bidder the house always seems to be worth exactly as much as they're owed?

[BigBobber]

It can make one feel like a vulture sometimes, but I have to remind myself that I didn't cause the situation.

If this type of reasoning helps you sleep at night, fine. I believe in giving people fair market value for their property, even if they're old and have a lien. What is liberal and communist about that?

If I had a job that made me feel like a vulture for even one day I would get in another line of work.