We know that repossessed homes are almost apart of everyday life in America, but what about the ethics involved in this practice.

 
Many have lost their homes and in the process (as part of business as usual) many of those homes are being sold for less than “market value” but more for more in other cases. This is usually because of the expenses and other “business costs” involved in the whole process.

 
Not many who have purchased a repossessed home or are planning to do so have taken the time to think about the welfare or the unfortunate fact that someone or a family has lost their home because of hard-times, in many cases.

 
Most people who are buying these homes are more concerned about the opportunity to make a “good deal” and the business prospects involved. Some do not need a home, but are buying for resale or renting to earn some money. Nothing is wrong with a business opportunity, but it just seems that too many just do not care about the people who lost their homes.

 
Below you can access the link and see some diverse comments on this issue:          

“Why are Mortgage Lenders allowed to sell repossessed homes cheaply without incurring penalties by law?”

http://answers.yahoo.com/question/index?qid=20071201131635AAUVXwW

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