Re: US foreclosures up 57% in January
- From: hot-ham-and-cheese@xxxxxxxxxxx
- Date: Tue, 26 Feb 2008 21:43:19 -0800 (PST)
On Feb 27, 12:39 am, Too_Many_Tools <too_many_to...@xxxxxxxxx> wrote:
On Feb 26, 9:20 pm, "Tom Gardner" <tom(spamless)@ohiobrush.com> wrote:
"The Rifleman" <survi...@xxxxxxxxxxxxx> wrote in message
news:-u2dneDm_rQpq1nanZ2dnUVZ8rednZ2d@xxxxxxxxx> US foreclosures up 57% in January
The number of homes facing foreclosure in the US rose 57% in January compared
with the same month of 2007.
Exactly 233,001 homes received at least one notice about overdue payments last
month, compared with 148,425 in January 2007, US property site RealtyTrac
said.
There was a 90% increase in the number of houses being repossessed by banks
compared with January 2007.
<snip>
Do you know why we have the problem? Lenders ran amok giving loans to
unqualified borrowers. Appraisers are under extreme pressure to appraise at the
values that the lender wants in order to make the loan. Prices were inflated.
There are a LOT of speculators that thought the trend would last forever.. Most
of the people that lost out deserved to. Either they were too stupid to read
the loan agreements or they were buying way out of their reach to begin with.
Loan originators hold the most blame. The whole industry needs to be overhauled
and regulated better. People also need to educate themselves when they most
likely make the biggest investment of their lives. Is this the failure of the
fed or state? I blame the states and stupid people and greedy people.
I blame Bush.
The reason why this is happening is that there was NO regulation.
Intentional "pro business" screw the consumer REPUBLICAN BS running
unchecked.
And you the American taxpayer will be paying for this.
Did you really think that the bailouts would come for free?
TMT
Dumbass TMT, could you kindly trace it back to... TMT???
.
- Follow-Ups:
- Re: US foreclosures up 57% in January
- From: Too_Many_Tools
- Re: US foreclosures up 57% in January
- References:
- US foreclosures up 57% in January
- From: The Rifleman
- Re: US foreclosures up 57% in January
- From: Tom Gardner
- Re: US foreclosures up 57% in January
- From: Too_Many_Tools
- US foreclosures up 57% in January
- Prev by Date: Re: US foreclosures up 57% in January
- Next by Date: Study finds immigrants commit less California crime
- Previous by thread: Re: US foreclosures up 57% in January
- Next by thread: Re: US foreclosures up 57% in January
- Index(es):
Relevant Pages
|
