Government Set to Sell Foreclosures in Bulk

[CoffeeCat]

19. What a great deal for the ONE PERCENT...

Bundle a bunch of foreclosed houses together--and sell them in bulk for rock-bottom prices to "investors."

What a frickin windfall for people who have loads of cash sitting around--just waiting for an income opportunity.

These "investors"--all of whom will be upper income folks with money to spare--can get into these houses
for incredibly cheap. If you've got the cash to get in--you can.

They'll make a killing. Many people want a decent-sized home, but they don't want a mortgage because of
a floundering economy and also because many people have lost faith in a home as an investment.

More people are renting, and as the economy continues to sputter--that trend will only increase.

This is a bailout. It's a gift. I'd like to know who these "investors" are--and what qualifications they need to have to play
in this game.

Also, I wouldn't be a bit surprised if the government backs off on telling these "investors" what they are to do
with these homes, once they purchase them for a song--from the government. Will the government force
the investors to make these properties "rentals"? I could see some of the investors house flipping and making
even more profit.

This does not benefit the little guy. That is a farce. There are plenty of things that could have been done
to protect homeowners from losing their homes. Very, very little was done and the banks were pretty much
allowed to call the shots--despite the fact that they created the housing crisis and the subsequent meltdown.

I am really sick and tired of the ONE PERCENT benefitting from government deals and bailouts--while the
rest of us are being squeezed like woodchucks in the grip of a python.