Comments on: Troubled Homeowners: Beware the Predators https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/ Luxury Homes, Lifestyle and Travel Sat, 07 Jun 2008 01:28:08 +0000 hourly 1 By: Eric- New Orleans Condos and Lofts https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-765 Sat, 07 Jun 2008 01:28:08 +0000 http://luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-765 Gators can be eaten also. In Louisiana they are hunted for the skin and the meat. Cajuns enjoy catching, skinning and eating.

This is a good way to take care of the predators. We however go after the biggest and the smartest gator. One great thing about the Cajuns is that they do not like to borrow money and hustle to pay off the loan. Its a culture learned from parents and grand parents.

]]> By: Jon Sigler https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-763 Wed, 28 May 2008 23:57:28 +0000 http://luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-763 When it is to good to be true, it usually is. There is no magic pill to fix the pickle you are in when your home is in foreclosure. Enlist the help of a professional, and not one who is recommended to you by the same people offering to “help you”. Take the time to ask the questions, research and make an educated and informed decision. Time is of the essence, but don’t give the slime balls the house.

]]> By: Conductus https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-764 Thu, 22 May 2008 18:42:32 +0000 http://luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-764 Want to see a stop-motion video about a couple of mice who must second-guess their real-estate-purchase descision? I made this video recently. Please check it out and comment. Thanks.

Blemish and Pittance: The New Place

]]> By: Roberta Murphy https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-762 Tue, 13 May 2008 14:55:48 +0000 http://luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-762 Betty Lou:

Thanks so much for sharing the warning–and a special place in hell should be reserved for those who prey on the elderly.

Additionally, what if the elderly victim needs to go to an assisted living facility or long term care?

I am thinking a follow up article is needed on this issue.

]]> By: betty lou https://www.luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-761 Tue, 13 May 2008 13:59:12 +0000 http://luxuryhomedigest.com/2008/05/12/troubled-homeowners-beware-the-predators/#comment-761 Good advice and all elderly thinking of doing a reversed line of credit. Have someone in the know take a look at what the banks are offering you. I seen elderly thinking the banks say on value is what their homes are worth and walked away from homes with 100,000 in equity still on the table but they were never offered a second valuation after the first loan was used up. Most banks will value a home way below the true market value. So do not take a free valuation by the bank as your homes true value. Call a agent. Most time a home owner is better to out right sell. Take there money and put it in the bank and if they don’t want to invest in another home find a nice apt to rent. They will have a lot less money stress and banks prey on the elderly wanting to stay in there homes as a leverage to charge you a lot of money and take a lot of equity. Most elderly do not have the kind of equity that last long enough to keep them in the home for life. They also will be paying a hefty price to be able to stay in a house. This is where the biggest preditors lay. They or there relatives will be first in line to walk away with super cheap deals on a elderly who thinks they used up all there profits in the house.

Family estate lawyer are another. Neer let a attorney refer you to a agent. Call three and find out value of the house your disposing of. Undervaluing estate homes is a common practice for quick easy quick sales for both lawyers and agents. Becareful

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