Search Helium

Home > Business > Finance & Insurance

Moral concerns about capitalizing on foreclosures

by Gary Maclean

Created on: February 10, 2009

Why should anyone have any concerns, moral or otherwise, about buying a foreclosed property? It's for sale, they have the means, the price is right, buy it. It's simple supply and demand. For instance;

I married my current wife about half way into my life. We were no twenty somethings looking to start a new life but we were forty somethings looking to share our lives with one another. We wanted everything any young, middle aged or elderly couple wanted, we wanted a home we could call our own.

We lived in an apartment for a year. Then we moved to a big rental home in the country, so our kids could live with us. We saved every penny we possibly could. We worked hard and sacrificed everything to get that "home" we so desperately wanted.

The day came and we bought our little ten acre piece of the earth. We trimmed, cleaned, mowed, raked, trimmed some more and just worked on our property for the whole first year, trying to get it ready to build a house on. The winter of the first year came and we sat back and reminisced on our experiences and our accomplishments.

The next year, with the breaking of spring we set about mapping out where our house would sit. There was already power on the property so we designed it to sit near the existing power pole. This year was really cool. We had a telephone brought in and mounted it on the power pole so we could communicate with the outside world. We were our own version of Green Acres.

That second year we had a basement put in, power installed, telephone, septic tank, well and all the utilities needed to run a house in the country. The basement was open that first year so we would visit every "good" day and sweep it out then scrub the floors. We just wanted to keep our little castle as clean as possible.

The next year the first floor went up. We sketched out one wall at a time; eight to 12 feet long. We designed and planned our little palace around the furniture we had in our possession. This house was indeed custom made for our needs. We wielded the saws and swung the hammers ourselves. That's right, me and my wife, we built that first floor by ourselves, and put it up and marveled at our success.

The next year we did the second story. We did it the same way. We would save until we got enough money to buy supplies then we would get them, have them delivered and go to work. Once in a while one or two of the kids would stop out, but for the most part it was my lovely wife and myself who put this jigsaw puzzle together.

Finally it was

Helium Debate

Cast your vote!

Should all nonprofits generate revenue?

Click for your side.

108316

Featured Partner

Food for Everyone Foundation

Food for Everyone Foundation has partnered with Helium, giving you the chance to write for a cause. Browse Food for Everyone's featured titles, pick an issue and write! You can also donate your article earnings. Share what...more


CONNECT WITH US

Read
our blog
Helum for writers

Write and get published
Share with other writers
Polish your freelancing skills

Join our active writing community
Helium Content Source for Publishers

Quality articles from proven freelancers
Exclusive rights, fast turnaround
Brand engagement, business blogging -- our writers do it all

Get custom content today!

INFORMATION


Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA
#