why shouldn't investors be allowed to bid? It would increase the prices of these houses on the auction block and cause other
houses on the market to go up which would be gooooood for the economy
joe
of IL
@
Aug 10, 2008 16:34:16 PM
Auction off the houses!
The banks should be required to have an ABSOLUTE (not reserved) auction of the properties within 120 days of their foreclosure.
The banks should not be allowed to bid on these homes and only intended homedwellers (not investors) should be able to buy.
This is an easy way to occupy these homes and get property tax revenue back.
The problem now is that the banks are allowed to keep these foreclosured properties on their books at full mortgage value...so the banks have no incentive to sell them or do short sales.
The banks would rather see our housing stock destroyed,
Please write your legislator!
Steve
of FL
@
Jul 01, 2008 22:03:09 PM
Police priorities matter
Perhaps it is time for the Oxnard police to take a permanent break from writing seat belt tickets and arrest some teens----and each and every one of their parents.
joe of IL @ Aug 10, 2008 16:34:16 PM
Steve of FL @ Jul 01, 2008 22:03:09 PM
Daniel David of NM @ Jun 30, 2008 18:58:35 PM
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