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Posted over 15 years ago

Justice and Mercy

 

  Ok, so we are all aware that the current market situation is less than...ideal.  Thank you to the sub-prime lenders for all your hard work. Anyway, so it seems that we are in quite a situation. Banks are making it continually more difficult for home buyers to qualify for conventional financing.  While the people who have been removed from their homes can no longer qualify for a bank loan due to poor credit. So where does it end and how can it be fixed? It's similar to Justice and Mercy parable...

 

  An ambitious young man excited to start his own farm incurs a large debt to buy an old run down farm. The young man works his fields in hopes that his investment will render a return, all the while making small nominal payments to his debtee. The day comes when the contract is due and the collector comes for his due. When the man explains to him that he cannot pay, his debtee threatens to throw him in jail. The Debtee requires justice. He needs to be paid. While the young man pleads for mercy. How can this conflict be resolved?  

 

A mediator is needed to be able to satisfy both parties. A mediator would pay the debt on behalf of the young man if he agrees to accepts the mediator as his debtee.  The young man gets to continue to work his farm while the debt collector is satisfied. 

 

  While the comparison of this parable with the the current market situation has its obvious flaws and contradictions, there is still a point to be made. What if we could step in as the mediator and help satisfy the banks needs as well as the needs of the people who can no longer qualify for home loans? I think we can... 

 

Check out the Link on our Company Profile entitled "Foreclosure King."

 

Post your responses and ideas here on our blog! 


Comments (1)

  1. Hello! I am a fellow investor/consultant in Searcy! I enjoyed your blog. I have just joined Bigger Pockets and the forum. I do have a blog at www.blog.archmanagement.com. I hope you'll "stop by" and post your comments! See you again here soon! Kris Secor Arch Management Services LLC www.archmanagement.com