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Foreclosure isn't always a 4 letter word

This is an excerpt from a book I am writing called: "Buyers Guide to Foreclosures." I would love to hear from the REOPro community regarding feedback, comments or suggestions on the below statements.

Now, I want to challenge your assumptions for a moment by making a statement that may seem counter intuitive or heretical: foreclosures aren’t necessarily a bad thing, and banks aren’t necessarily bad for foreclosing on a home (a view you may argue with if you have been foreclosed on). Because of the banks legal ability to foreclose on a home, you and I are able to obtain a mortgage. Think about the difficult, or necessary requirements, to get a loan if a bank could not use the property you were borrowing against as collateral. The home is what gives us the leverage, and the bank assurance, to make the loan.
Please keep in mind that I am not an advocate for the banks or foreclosures. I just want you to have a healthy and balanced perspective. The media and others can demonize banks because of the current housing crisis and increasing number of foreclosures, but they don’t always paint the whole picture.
Not all foreclosures are due to corruption and fraud, though that certainly did take place (for more insight into that I recommend Michael Lewis’s book “The Big Short”, which is mentioned later in this book). Sin has been in this world since the fall of Adam and Eve, and there are some who prey on the misfortune of others. But most foreclosures are legitimate, legal and necessary in order for banks to maintain the ability to offer loans (be it for homes, cars, business, etc.) to all of us. As the saying goes, we can’t have our cake and eat it too (which is a misinterpretation of the original saying; we can’t eat our cake and have it too).
However, I would rejoice in the day when foreclosures are no longer necessary because everyone has the means to afford and pay for their homes (and not because the government regulates housing). In that event, I may be out of a job, but I could only imagine that, in that scenario, there would be plenty of work and money to go around and I would happily find something else to do.

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