Saturday, November 15, 2008

Florida Foreclosure Zoo

Who do we thank for all the homes with boarded windows with their lockboxes, sitting among the growing weeds?
Would it be the banks, loan consultants, mortgage brokers who handed out money to fools without verifying income...the property appraisers assigning home values without a thought to ethics or basic common sense? The realtors promising buyers their properties would only increase in value just so they could make a commission? Maybe it was the buyers themselves, taking out lines of equity they had no business taking out but then you could always argue well who gave it to them.

Looks like too many people were involved to have had it go on unnoticed. So what were Florida's finest elected officials and state regulators doing when this was going down?
Just someone please tell me why they did nothing to stop the fraud.