Emily Keyes' Parents Home In Foreclosure

WayneH wrote: Challenge: Write a better headline in words you approve, using only six words.

SHERIFF loses home to Foreclosure? (5 words)

That's not what the story is about, from what I read.

When they consented to an interview with a local TV station......they opened themselves up to public comment.

Becky wrote: I don't find it disturbing a all.
It is a public record.
Mine, yours and anyone else who purchases a home is a public record.

LJ....You are probably right on your read.

But interesting why that is a public record when so much other information like salary, medical, are supposed to be private.

A European country with a high history of tax evasion started publishing the names of the scofflaws and how much they were making. Seemed to increase tax receipts, but the rich and the powerful eventually got the program shutdown claiming having their income posted would make their families kidnap risks.

SS109 wrote:

Becky wrote: I don't find it disturbing a all.
It is a public record.
Mine, yours and anyone else who purchases a home is a public record.

LJ....You are probably right on your read.

But interesting why that is a public record when so much other information like salary, medical, are supposed to be private.

A European country with a high history of tax evasion started publishing the names of the scofflaws and how much they were making. Seemed to increase tax receipts, but the rich and the powerful eventually got the program shutdown claiming having their income posted would make their families kidnap risks.

I never understood why mortgage information and property ownership needed to be public either. I don't mind, mostly because I did good buying our house , but all-in-all I'd rather have more privacy.

Because the real-estate industry, the mortgage industry, the credit-industry, and the banks WANT it public... Duh...

Nah I didn't open the link cuz there a bunch of us who don't go to the Denver Channel

Sometimes it just makes more sense to cut your losses than to continue to muddle through paying a loan that is more than the value of the home. Gonna see more as the economy gets worse for all those who were trying to eek it out.

"ILUG Foundation founder facing foreclosure"

Hows that Wayne? No need to exploit a dead girls name. Yes I read the article.

Trekker is right. There's no reason to keep paying a huge amount on a place that's no longer worth the loan, if the lender is not smart or sympathetic enough to grant a modification. As stated, "strategic default" is a "business decision" being made by homeowners around the country.
RE records are public (lending records are not) in part because the government collects taxes on property holdings based on a percentage of the value. The assessed value is public record, so is the method whereby the government arrived at it, and so are the documents demonstrating who owns it and whether any liens exist against it. Rights of privacy weigh in the opposite direction on healthcare and other (relatively speaking) private information.
I was very sorry to hear the news. : Wish lenders would get their act together so that people could stay home.

I agree - also consider the size of the home. Aren't most of their kids grown, and if so, why have a house that big? The utility bills alone would kill some people. And cleaning it? No thanks.

It's probably a smart move on their part.