A Perrysburg Picture – Worth 1000+ Words
September 22nd, 2008 . by Jon ModeneHere is a new listing I have just taken in Perrysburg.
But who is the owner???
Great house.
Great property.
Great location.
Actually a really great price – $279,900 in Belmont Farms. With a den and a great yard, and a finished basement, and a sideload garage. In PERFECT condition.
The picture? What does it say? What does it mean?
You have to admit that it LOOKS good. Look at the yard. Look at the landscaping!
YOU now own this house.
Congratulations!!!!!
It is an “REO” – “real estate owned”. Foreclosed. Bank owned. Someone could not or did not pay the mortgage. And it was sold at auction at the Sheriff’s Sale. The bank took it back. Now it is for sale.
And in the Great Mortgage Crisis of last week our feckless leaders decided that the 95% of us that actually pay our mortgages on time should pony up $1,000,000,000,000 in new taxpayer money to cover the banks that loaned money to the 5% that did not pay their house payments.
This house and many, many more are now part of the problem. And our money is the solution. You feel free to call me if you want to tour your new property.
When nice, clean, great houses like this are being lost to foreclosure, and then sold at a massive discount . .
(FYI: Here it is on Realtor.com)
…and we, the 95% have to pick up the tab, then something is seriously wrong with this nation.
