Unfair and Unjust Foreclosure?
Question:
Answer:
Why is it unjust or fair do tell.
Could you provide some additional information on how/why the foreclosure is unjust or unfair?
That might help in everyone providing you an answer, since your current question is a little vague. In fact, it's not even a question; it's a phrase with a misplaced question mark at the end.
But clarify a little bit more, and I'm sure someone can give you some more detailed information.
Good luck.
ForeclosureFish
http://www.foreclosurefish.com/...
Foreclosures are unfair and unjust because your rights of selling the property at "Fair Market Value" is violated. Even if you are at the beginning stages of a foreclosure, your foreclosure status is disclosed to numerous people including investers. This so called Helpers/Investers are out to make money basically at your expense. If you try to list your property it will be pushed as a foreclosure therefore buyers are expecting a foreclosure discount. Even though it is not in a foreclosure auction. If you sell for less than what you owe, your credit is marked as a foreclosure with a write off, you may be subjected to a capital gains tax, or a lawsuit for the balance from the lender. Basically you get screwed by buyers who do not care about you, but what they can get your property for and what they can earn from your misfortune. Foreclosures are also unfair because you are lucky if you can find a lender that will do a foreclosure refinance. Alot of lenders claim they do foreclosurers, but they don't. Your basically led on, and since time is of the essence, your credit gets worse, the inquires add up and you are basically penalized with unfair interest rates because you are a risk. The high interest rates are creating the risk, not the so called escuses of the consumer does not understand. Lenders take advantage of the credit scoring and borrowers with marks on their credits pay for it, even though they have already paid their late fees. Even though price shopping/comparisons are common practices, when it comes to loans and mortgages you are penalized for inquiries (just for asking for a loan, you didn't even get to borrow the money). You are basically forced into a corner that is very difficult to get out of. These are unfair business practices that are legal and there seems to be nothing you can do. There would be alot less foreclosures if interest rates were fair and affordable instead of high, which is the reason the risk becomes the risk.
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