Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders Foreclosures of homes are up 51 percent this year over 2005. our take: Who’s to blame? There was one vote for “HANG ALL LAWYERS.” Ralph A. says banks and mortgage companies “are so hungry for the dollar that they will give anyone a mortgage.” Lynn O. feels home “flippers” from California “have done more to inflate home valuations than anyone else.” People, just because someone tells you that you are qualified for a $250,000 home loan does not mean you can afford it!” And O., quoting the 19th-century French political philosopher Alexis de Tocqueville, chalks it all up to good ol’ covetousness: “It is odd to watch with what feverish ardor Americans pursue prosperity.”

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