PAGE 26 PROGRAM SUCCESS – NOVEMBER 2008
The Foreclosure
The Newest Florida Attraction ... Coming to a Neighborhood Near
D id you know that there is a new tourist ride that started in South
Florida and now has expanded to Central Florida ? It is The
Foreclosure Bus Tour . Investors are lining up to get their tickets for this exclusive tour . When they hop on board the bus they will ride through many neighborhoods in Central Florida . The main attractions on this guided tour are foreclosed homes that vulture investors will be able to buy for pennies on the dollar . What an attraction , mandated by the times . According to various reports there are over 20,000 distressed homeowners in the Orlando metropolitan with 220 + foreclosures per day in the state .
On this tour you get to see the homes of the human animals which have defaulted on their loans or been scammed by con artists out of their deeds . You might see entire families , including human children , who have no shelter and spend their time roaming the streets looking for food and clothing . On this tour you can envision the results of failed promises made by the local , state and federal government agencies . These bureaucrats traveled around the country talking of helping the middle class humans . They say the economy is doing okay , or this is only a slow down and that things will get better soon . Various reports state that it is a very small portion of the population impacted by these issues . Federal officials have said that it is not in the best interest of the country to bail out the consumers .
The government won ’ t help the middle class humans , but decided to bail out financial giant , Bear Stearns , while letting the middle class humans continue to suffer like rats in the street . Bear Stearns helped to fund these predatory lending companies , and they also made profits off the sub-prime borrowers . their homes to foreclosure , and their credit rating won ’ t allow them to even rent an apartment . In our society , credit rating is everything . Once you begin to struggle with your inflated house payments , your credit goes down the tubes and everything else follows . Your credit rating affects almost everything you purchase . You pay more for insurance , apartments and major purchases where credit is required , even your job application is based upon your credit history .
On the right side of the bus , see all bankers and mortgage lenders stuffing huge profits into their pockets . Profits received from predatory lending activities and very high interest rates at usury levels that are allowed in the state of Florida . Banks can legally charge above state usury levels by simply putting the word ‘ National ’ or the initials “ NA ” in their title . Florida
Foreclosure Bus Tour Lawrence A . Robinson Steeple Home Team Orlando , Florida November 2008
The government can ’ t find the time nor the money to help the local neighborhoods , but they can send billions monthly to Iraq . The politicians lead us to believe that help is on the way when they know that it isn ’ t . Their plan is to help only 210,000 households , when 3,000,000 are facing foreclosure . The U . S . Secretary of The Treasury , Henry Paulson formulated a plan , and then traveled the country pushing this plan that will help only 7 % of the people who need it .
On the left side of the tour bus you will notice families living on the streets because they lost