Tuesday, February 12, 2013
Mortgage giant doesn't give a toss if they sell you an ex-meth lab
So let me get this straight - no one told the Hankins, buyers of a foreclosed home, that it used to be a meth lab. But the sellers, Freddie Mac, the gov't-sponsored mortgage giant, spokesman arrogantly said "We encourage buyers to do any test they want," said German. "Hankins didn't test and bought the house as-is."
So they didn't know they were supposed to do a test. But in a related article, it's noted that there often aren't any regulations about disclosing when some place was used as a meth lab. Now, I can't blame Freddie Mac - they've been arrogant, imperious and conceited ever since it was figured out they were one of the leading forces behind the economic collapse of '08. No one can reasonably expect them to be decent or honest on such matters.
How the hell is it reasonable to expect people to know they need to conduct a test because disclosure laws aren't what they should be? It's not as if the problems of meth production are well-known! Yes, I know the labs are all over the place; drive through many rural areas and you'll see burned out homes - too many for it to be anything innocent. In the end, any sensible observer is forced to note that the various state legislatures are more concerned with regulating a woman's freedom than in helping to protect home buyers.