posted on Aug, 20 2012 @ 04:24 AM
Okay, I'll bite. I'm a Realtor who has been listing foreclosures for the past four years. I have seen this type of damage although I never heard of
the term " Sharpie Party". I do occupancy checks to determine if the previous owner or tenant is still occupying the property, I am there for the
Sheriff lock outs, I am there at court when an owner is trying to save their ownership of a property, and I'm there when it's been vacated. All
sorts of scenarios. I get it, the dream they had once of "making it" through the seemingly never ending increase in value in real estate.
I have seen tenants completely surprized and nearly panick when they learn the house they just paid rent on is a foreclosure. I have been lied to, I
have had to call a previous owner to leave the tenants alone and to quit taking materials from the house they just lost. I have seen the desperate
look in a previous owner's eyes asking me "what do i do now?". But nevermind, that's not what you guys want to hear.
I have also seen the ridiculous level of greed on the part of sellers and buyers during the "boom". I have seen sellers try to cover up damage they
neglected to repair, trying to pass it on to yet another greedy buyer who only cared how much equity they would rack up by close of escrow. I have
seen the arrogance of people who were "playing the real estate market" during the boom acting as if that 100K they "made" in equity was money they
This foreclosure mess is a mess that's not going to go away quickly and it's not one that has clear cut heroes and villains. Right now , the
popular opinion has it that the banks are to blame and I agree with that to a point. But, as usual, the very people who voice that popular opinion
"forget" it was they who partnered with the very banksters who created these loans that they, too, helped create their own demise.