He kids, earn big bucks, well not really big bucks, more like $10 to $12 an hour as a Foreclosure Department Supervisor. Apparently, just a high school education is required. Unfortunately, you can gain ground it what may prove a growth industry.
Marian Wang, writer at Pro Publica, has written an article about these job offerings, after reviewing yet another article in the Financial Times, claiming that recruiting was underway. Since in the first series of hires, the new employees didn’t even know what a mortgage was. They were referred to as the “Burger King Kids,” as they had limited skill sets with few even knowing what a mortgage was all about. These were3 the people foreclosing on houses, limited knowledge workers with a rubber stamp.
So, wisely, Pro Publica being a media group in the public interest and a highly respected organization, went looking to see if things have changed, after the recent foreclosure debacle where many houses were being foreclosed upon without either proper oversight or legal procedure. This almost makes rob-signing look good.
Today’s newly reconstituted, lemon scented Foreclosure Department Supervisor needs at least a high school diploma and some college. Which in today’s world of literacy, or lack of it, having reviewed a variety of test results, this can mean anything from functional literacy to the ability to read is optional. Look, it’s a tough economy, jobs are tight, and as it has been said about many unsavory jobs, someone has to do it. As for whether it improves the housing foreclosure process, this remains to be seen.
I guess we should take some consolation in the fact that someone is hiring. The irony being that someone is recruiting candidates for jobs to push people out of their homes because those people lost their jobs in the economic downturn. So for those who lost a job, there are those who found a job, making sure those who lost their jobs, find another place to live.
