This came from the Arizona Republic. It's a funny way to explain a sad situation.
A tune for Phoenix homeowners: "Short-Sale Foreclosure Blues"
The housing market has prompted many laments. Realty Executives Chairman Rich Rector put the woes of many homeowners to music. He sang the song “Short-Sale Foreclosure Blues” at one of his brokerage's recent meetings.
”Bought at the top in 2005.
Life was great, beginning to thrive.
Then, whoa, things took a major dive.
Got those short sale, foreclosure, repo blues.
Behind on my payments, Market done tanked.
Prices have fallen, zilch in the bank.
Went to my lender and drew a blank.
Got those short sale, foreclosure, repo blues.
If I could have, I would have paid.
If I could have, I would have stayed.
I've been Fannie'd and Freddie'd and FHA'd.
I've been Chased, Wells Fargo'd and B of A'd.
I've got those underwater, upside down short-sale foreclosure blues.
I've been Fannie'd and Freddie'd and FHA'd.
I've been Chased, Wells Fargo'd and B of A'd.
I've got those underwater, upside down
Short-Sale Foreclosure Blues.”