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 – Realtytrac.com 

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…

Advertisements

Comments are closed.