Sunday, November 11, 2007

Right and wrong

I went to a seminar yesterday. After I got home, I was thinking about making money and moral justification. Well, in the seminar, they teach 2 items. The first item is how to get a cheap foreclosure house and sell it at a higher profit. The second item is to pay for the delinquent tax of others and after a grace period they can request to foreclosure the house if the money isn't paid.

Well, my understanding is that in the 1st scenario. The house owner in distress wants to sell a house quick. Since there are so many houses are on the market, one can negotiate with the house owner and get a really cheap price. I would rather give the owner a fair market price than negotiate with a cheaper price when they are emotionally distressed.

In the 2nd scenarios, the house owner couldn't pay for the tax. The county will give a 2 year grace period for the house owner. Another person can pay for the delinquent tax to the county for those 2 periods with high interest. By the end of those 2 years, the person can request to get the house to be foreclosure because the money wasn't paid. Well, I think that if it's a purely business deal, it makes sense. However, from the moral point of view, when some people are in distressed and couldn't paid for the tax, one goes in and ask for foreclosure. I don't know if it's a right thing to do. Well, I guess I have to find another career to improve my finance.

Adios

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