300,000 people traverse this gem of a beach called Long Beach Island each season. A very few of them dig down to see what they can find in the sand.
Since WWI, unexploded military ammunition (ordnance) buried beneath the sand in Surf City, NJ has threatened millions of happy, clueless, vacationing beach bums.
No one knew. It didn't matter, because no one knew. That didn't alleviate the danger. Had people known, they likely would have avoided the area until the danger was removed. But they didn't know.
At one point, someone knew the ordnance was there. Then, however, the remote New Jersey beach was nearly uninhabited, and the risk was considered acceptable. The cost of moving ordnance from a shipwreck weighed more heavily on that individual (the one who buried the ammunition) than the potential future danger it might pose.
Financial decisions at every level in the Real Estate business involve a similar cost / benefit analysis by the seller, the buyer, the Real Estate agent(s) and the lender--the people involved in the transaction.
As a mortgage lender, I don't ever want to be in the position of the fellow who buried the risk on a sandy deserted beach in New Jersey because it cost him less to do so.
The question to ask yourself is this: "Are those affected by my decision aware of the risk of their actions?" "Is there a future risk that I need to disclose as a part of my presentation, which could literally blow up in their faces at some point if I don't?" That's the opinion of this Tucson, Arizona Mortgage Lender
I'm Mike in Tucson, your preferred Tucson, AZ mortgage lender.
