Infomercial gets me disgusted

I think its funny that people pay that guy and others like him, to tell you where to go to find these types of properties. When all anyone that wants to get into this has to do, is contact the loacal sherrif to find out when the next propery sale is and contact the banks in your area, to find out which ones are in preforclosure, or forclosure. While in preforclose, alot of times, you can help that person stay in there home, you just become their mortgage lender in a way. I do feel for the the people this is happening to. But alot of it is their own faults, people buy houses without doing their research, they buy homes they can not afford. When my husband and I was doing our research, we knew we couldn't afford payment higher than $500 a month. We looked at 100's of homes, before we found the one, but we found one we could afford in a decent neighborhood. Our house payment is less than $500. a month. We can afford, that even if we have to start working part time in a fast food restraunt. I remember, the mortgage lender said we could buy a home for up to $120,000. and we knew only if we didn't want to eat. we found a home listed at $69,900. It was gonna needed a new roof within 5 years, bathroom floor, but other than that is real sound. We negotiated with the seller and bought it for $54,000. We put a new floor in the bathroom and updated the sink and heater, refinished the top and put in a new shower surround. Total cost $250. We put a new roof on $3,500. Currently our house is valued at $89,000. We are selling this summer. The area we live in is about the only area in town really selling houses, every house on my road that comes up for sale, has been selling in under 40 days. We have worked out a great deal with an investor who happens to be related, for a bigger house, worth more money, but we are getting it for what we paid for the house we are in now. Funny, that house was recently appraised at the $120,000 the mortgage people were trying to lend us.

I like the idea in theory, but I don't think ti will happen. Not to mention, how many people do you think will end up abusing a system like this if they find out that if they just get their house repossessed, they can buy it back at a fraction of the cost.

I totally agree with you. This is so said. I think TV station should be able to screen some adds as with low moral standards and not to air those at all. Said to say, this is total b-s. Those people who sell such products are criminals in my mind. We all know that with slow market this program can only create bunch of bankrupts...and homeless people...

I think they should follow what the infomercial says, if it works then they can buy a house the same way those other people do on the infomercial. I am not being funny this is just an idea.

I totally agree with you. It is the same way with people's cars. America can be a very cold country toward it's own. But, then they want to come across as being so giving toward other countries. It really is sickening.

It is their problem. The government sells the house cheap to quickly make up the debt, so what? The people with financial difficulties screwed up their own life, they don't deserve to just get a free pass to get their house back. The reason it is sold cheap is because the people with financial difficulties couldn't afford to pay low monthly payments to make up the price it was sold for, and the government usually repo's when they have some financial trouble. But anyway, if they lose their house, it is their fault. The person who is buying is making the best of a business opportunity, which is what America was founded on. Just a side note: You are a democrat, aren't you?

Thats sad to me...I don't think i could buy a home right out from under someone,thats so tacky...Those commercials lie too..They are probably not even telling the truth..Its like that makeup they sell, they send you a sample for a full amount "Free" just for shipping,well the thing is they will continue sending it even if you don't want it,and use your credit card number that they retrieved during your first purchase, without your permission....And that "Free" credit card report is the biggest lie,when you ask for it they want money...

It is sometimes difficult for people to see the other side of the fence on things especially when you think of money. I am a freebie hunter but when I come across something I really don't need or see that it is coming from a small business who is trying to get their product out there to actual buyers I avoid them. I would feel bad that I am just looking for a freebie in the mail and not really that interested in making a purchase. So yes I can see what you are saying that you have this guy getting all excited about gaining over someones serious loss. People work really hard to keep their homes and if it got to the point they couldn't do it anymore it is a sad thing that people want to profit off of it and be excited doing it. There should be a better way.