By the way. No one cares.
I’ve been talking and blogging about this for months and the response is a big shrug.
Bet you don’t get many responses to this.
People won’t wake up until we are all serfs, if then.
Looks like that “hope and change” was only for the 1%.
I looked at foreclosures for over a year before I finally found an affordable nonforeclosure. I subscribe to Fanny and Freddie listings and still get their updates. When I would find a new listing that I might be interested in I would go to the County Assessor’s office and find out how much Fannie/Freddie paid for it. I found a fairly nice older home in a neighborhood I liked and got very excited when I saw that Fannie acquired it for $103K. I happened to have that ammount in my bank so I talked to neighbors etc and etc. No one had lived in the house for 3 years and animals had gained entrance, which meant lots of work. Anyway, Fannie put the house up for sale for $193K! Several months later it is still on the market but the price goes down every once in a while.
Long and short of it is they could have sold this house to me 6 months ago but instead it will probably go to one of these investor consortiums for $40K or so and become a rental. This is our government at work, making wise use of tax payer dollars as usual.