Do you have any comprehension now about how ugly it's getting out there?
Thank you realtors. Thank you mortgage brokers. Thank you housing gamblers. Thank you Alan Greenspan.
This mess is only gonna get messier now. The screwed sheeple are getting pissed.
Buyers' Revenge: Trash the House - After Foreclosure Banks Pay People Off To Deter Home Rage
The stucco subdivisions of Las Vegas are caught up in the nation's foreclosure crisis. These days, bankers and mortgage companies often find that by the time they get the keys back, embittered homeowners have stripped out appliances, punched holes in walls, dumped paint on carpets and, as a parting gift, locked their pets inside to wreak further havoc.
Real-estate agents estimate that about half of foreclosed properties to be sold by mortgage companies nationwide have "substantial" damage, according to a new survey by Campbell Communications, a marketing and research firm based in Washington, D.C.
The most practical way to ensure the houses are returned in decent shape, lenders and their agents say, is to pay homeowners hundreds or even thousands of dollars to put their anger in escrow and leave quietly.