I was browsing the internet trying find a place were I can post an ad in the hope of selling a piece of property owned by my parents and I came across a Blog purportedly written by the CEO herself. This is the company website and this is her personal blog. What impressed me most was how she and her company portrayed themselves to be honest, righteous, fair and devoted to the word of “God” as they quote;
It is the Lord who gives wisdom; from Him come knowledge and understanding. He provides help and protection for those who are righteous and honest. He protects those who treat others fairly, and guards those who are devoted to Him. – Proverbs 2:6-8
So I continued reading until I came across her insights about buying “pre-foreclosed properties” wherein the owner is about to loose the property to a bank. This insight is found here. Were I quote:
“The best thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no choice but the sell the house, and therefore will listen to just about any offer that he receives. Due to this very reason, you can find pre foreclosures for sale at nearly 50% off market value. This is an ideal time to purchase, especially if you are looking to save a lot of money.”
“Along with the great prices you can get with pre foreclosures, you’ll also have the luxury of dealing directly with the owner – no third parties involved. This is a great advantage, with buyers being in total control of pre foreclosure sales. In the event that the home owner decides to turn down your offer and cannot find another buyer, he will lose everything. Even if you offer the owner a small price, he will be able to make a little bit of money selling the home.”
After reading through such a disgusting piece of material, I decided to write a comment which obviously wont be published for obvious reasons. And this is what I wrote.
Thank you very much for such an outstanding blog. I read through some of them and I must say that they are well crafted particularly the part about getting sweet deals out of buying pre-foreclosed properties.
I was particularly impressed when you mentioned that you can actually strike a very good deal to a tune of say 50% off the market price which you said potentially benefits the buyer/investor in the long-run (or even the short-run).
Yes indeed, but what about the other side of the coin.
Don’t you think that the poor family who has long been struggling to keep their homes and failed, stand to loose on this deal by exactly 50% of what you and your bargain hunter stand to gain?
Don’t you think that probably each and every member of this family must have spent sleepless nights worrying about how and where they are going to get their next meal much less how to keep their home from being foreclosed?
It was finally sold at 50% off the market price. Great, so thats that with the foreclosure case. But is that the end of the story? No it sure isn’t. That 50% slashed off the price could have gone a long way in starting a new life for them don’t you think so? that would have helped send the children to school, pay for rent etc. Not only that, they will forever remember the humiliation of loosing out on a deal to someone they don’t even know.
So what about them? do you think they deserve that?
“Ok Everyone just by twisting their arm a little bit more you could come up with a good deal. Buy one Take One.”
Lady no one deserves to be treated like that not even you.
I know this comment will not appear in your BLOG. You will probably delete this out even before you get to this part. But I wish you would’nt because I want to tell you how much of a hypocrite you are using the word “Praise” as part of your business name and with rays of sunlight on your logo symbolizing pureness, honesty, fairness and Godliness in all you do.
Well lady you don’t fool me one bit. You’re as greedy and selfish as your investors and bargain hunters. And you make me sick.