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WOW! Getting foreclosed on has consequences?


               
2013 Feb 19, 11:40pm   6,405 views  16 comments

by TechGromit   follow (1)  

http://money.cnn.com/2013/02/20/real_estate/zombie-foreclosures/index.html?iid=HP_LN

Getting foreclosed on has consequences? I never would have guessed that.

#housing

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1   Tenpoundbass   @   2013 Feb 20, 12:21am  

From the comments...

if your whole life revolves around a credit score then you might need to back off the borrowing..

2   zzyzzx   @   2013 Feb 20, 2:17am  

Article commentary on site is good as well.

3   gbenson   @   2013 Feb 20, 2:18am  

It amazes me how bad some people are with money. That being said, the point of the article seemed to be more about how banks are shirking their responsibility. If a bank is going to kick someone out, they need to man up and take possession of the home. It is a pretty underhanded move, and it not only hurts the homeowner, but usually the entire neighborhood and very directly, the HOA's that get shafted.

4   TechGromit   @   2013 Feb 20, 5:15am  

gbenson says

the HOA's that get shafted.

I hate HOA's, Shaft the HOA,! Shaft them!!!

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