Reply #4: It's their job

[pnutbutr]

You can't hold these people responsible for others not being able to pay their mortgage. I know many people who have purchased foreclosed properties as first homes recently. It's a great market for first time buyers. Good rates, cheap foreclosure property and tax credits. At least the homes are selling and not just sitting there rotting away decreasing in value and depressing the entire areas real estate market even more. What do you expect to happen to these homes?