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James' Real Estate Business Blog

By James Kimmons, About.com Guide to Real Estate Business

Foreclosure Equality - The Rich Don't Always Get Richer

Monday October 15, 2007
Since many real estate professionals are somewhat entrepreneurial in nature, we know that taking risks is part of doing business. So this post definitely is not gloating about the foreclosure misfortune of this affluent couple in Arizona.

Thinking their financial future somewhat secure, they purchased two homes and a business. Their business, a school for dyslexic children, is their passion. Building the new business now requires that they cut back on expenses, so the hope was to sell the large home and downsize. Unfortunately, the home has dropped considerably in value and isn't moving.

We'll see if this local reality show about affluent homeowners in trouble will appeal to viewers. I guess it depends on how many of those viewers are losing the only home they have.

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