Denial – Foreclosure filings up

After visiting an associate who has put on-hold plans of expanding his facility – too late in break’en ground – the itch got him an instead bought into a foreclosed property.

Following the previous posting I visted – 

An estimated 58 percent of properties in the foreclosure process
are linked to borrowers with subprime loans, and RealtyTrac
expects U.S. foreclosures to reach 1.8 million by year’s end,
Rick Sharga, a spokesman for the company, said in an interview.

In turn I visited:  The Housing Bubble

More stories of simple people “talked” into mortgages  that had no business signing anything.  But the only bright spot in all of this – of the top areas in the country for foreclosures, Stockton, Merced, Modesto California.  Now if I got the house across the street from my granddaughters cheaper than theirs ?????  Inventory excess drops pricing…


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