It’s a Twofer Tuesday kind of day, don’t you think?  First, I direct you to this post by Brip Blap about buying foreclosed homes.  Steve talks about the responsibility of making payments on your debt,

I know that if I make a contract to pay a bank $2000 per month on a mortgage, I shouldn’t expect them to reduce that to $1000 if I fall upon hard times.  …   But with communities being emptied out and foreclosed properties sitting empty for months at a time, wouldn’t keeping existing homeowners in their houses make sense?  It’s not an easy question to answer, because the obvious answer is “this is capitalism at work,” followed shortly by “if you can’t pay your debt, you don’t deserve to keep your property.”

Yet, we’re also reminded of one thing,

Whether banks should have compassion or simply stick to the profit motive is a tough question in the worst cases, and I think it reveals one of the few weaknesses in the capitalist model:  human suffering for profit.

Well said, my fellow blogger.  Tune in to Brip Blap when you get a chance for more excellent insights!

Now the TWOFER part… some foreclosed homes in my area … some great deals:

$73,000:  3 bedrooms, 2 bath, 1092 square feet

$116,000: 4 bedrooms, 2 baths, 1496 square feet

$130,000:  3 bedrooms, 2 baths, 1694 square feet

These are HUD homes listed by Progressive Realty.