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If only the answer for foreclosures was as simple as a Real Estate Agent's job...Time to get real...... As much as we would like to point the finger at "any lender", the fact is, most everyone was greedy. Lenders were stumbling over each other to write loans and make as much money as fast as possible. They made many mistakes in the process. This greed was fed by the the greed of people who were refinancing to pay down credit cards that let them live in excess in order to run them back up, pay for vacations, boats, and cars. How many foreclosed homes were a result of a cash out refi? I venture to say a majority. Lets not forget the greedy RE Agents! Any Agent worth their salt knew the bubble would burst, yet they kept on selling and getting their commissions. Might I add, twice to three times as much commission as a lender would make. We could go all the way to the hedge funds that bought the sub prime mortgages or the politicians that made it all possible for kickbacks and by the peoples vote. But, I'll stop here. Now that the damage is done and, we all played a part in it, Cory wants to point her finger at someone.... anyone but herself.
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