Caring for the least among us

[Horse with no Name]

I thought this was a FABULOUS story!

http://www.heralddemocrat.com/hd/News/A1-Woman-buys-foreclosed-house-for-Pottsboro-woman
>>>snip
A Texas woman went to a housing auction distraught about the prospect of watching strangers bid on her foreclosed home.

Then one of those strangers bought it back for her.

Now Tracy Orr can return to her Pottsboro home, making payments to the woman who unexpectedly and impulsively bought it for her.

>>>snip
"She needed help. That was it," Mock told the newspaper. "I just happened to be there and anybody else would have done the same thing."

[susanna]

1. I saw this story on CNN.

It was heartbreaking. The foreclosed woman went to the auction for "closure." Ended up bawling her eyes out in the hallway.

I disagree with the buyer that "...anybody else would have done the same thing."

Seems that the buyer noticed the crying woman, talked to her, and found out about the property. She then bought it and offered the former owner a way to get the home back. I think she did a wonderful thing, but then, I just do not know how to handle someone doing something like that anymore. After years of corporations telling us we're lucky to exist, I suppose we all get a little cynical. :-(

[fulllib]

2. Amazing story! Made me tear up,

What is unfathomable is . . .

The mortgage was for $80,000. At the auction, the bank got $30,000. If they would have worked with Orr on the payment, they would have gotten the full amount back over a number of years.

Is it just me, or is this just plain bad business?

Thank you for sharing this incredible story.

[susanna]

5. It's terrible business.

And it is why the banks are in the position they are in! I think that banks got so used to just discarding people that they forgot there are reasons to work with them in a market like this. In a nutshell, I do not feel sorry for the bank. I'm glad they lost $50,000.

I hope the new and former owner can work out an arrangement that gets this woman back in her home and gives her a chance to redeem it.

The vultures at the banks can go pound sand, IMHO. I'm nice that way. :-)

[blue sky at night]

3. mathew 25:40...

my favorite.


thanks for posting this, what a miracle for that family!!!



Moving Ahead at the Speed of PIE!!









CHange, HOpe, OBama/BIden......!!

[LiberalPersona]

4. That's one of the most generous

things I've ever heard of.

[SammyWinstonJack]

6. Amazing story! For myself, I believe that a hand up is not a hand out.

And we all at some point in our life, need a hand up, financially or emotionally.

[jwirr]

7. That used to happen in the Great Depression. Farmers would buy

a farm and return it to the owner. That does not happen often today as competition is the name of the game in farm country.