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The article states that the investor can foreclose on the house 6 months after purchasing the debt. Skip to "Outsiders come to buy liens" in the article for a f
by citricsquid 13y ago
The article states that the investor can foreclose on the house 6 months after purchasing the debt. Skip to "Outsiders come to buy liens" in the article for a full summary of why it's such a problem.
- larrys 13y agoOk just read that. I guess I have a wider problem with this "problem". The fact is there aren't really people out there (other than some community activists) who have a brain and can help people like this to navigate the system without charging the rates that attorney's charge. Which seems to be the answer to anyone's problem. Get an attorney to tell you your rights and write a letter so people take you seriously. This is in a sense one of the reasons that poor and/or uneducated people get shafted so often. They have no way to communicate and people don't take their problems as seriously to boot. Of course even if you created an office of "ombudsmen to the normally shafted" that office might simply drown with those that weren't deserving and simply wanted to take advantage of any thing they could to dodge legal process.