INsane, and this is only the begining, this is going to get very ugly and no amount of government bailouts are going to help, because everyone was so high on the greed pill they never stopped to think this would ever end.
I remember telling friends of mine, they even knew I was in the valuation business, and they said, "" Yeah but... that won't happen where I'm buying"" guess what, it did and know they are owning around 100k more then their house is even worth.
The fools second comeback: "yeah but, the market will come back"" just so you know, you don't have pockets that deep... and second, you could be dead before it does (depending on your age today) this could take 20 years to come back. Maybe more.
Read more at www.preforeclosuresbyowner.com/foreclosures_up_80_percent.html
Search for Foreclosures at www.pfcbo.com
Search or list your homes for sale sfor free at www.mrls.com
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