I think this pretty much sums up the state of affairs when it comes to the
real estate market and home foreclosures.
Home foreclosures are on the rise
still, as those who were able to hold out are starting to feel the pressure
of the slowing economy.
With the recent debacle at the federal level
concerning Fanny Mae and Freddy Mac...
this is going to be an issue for a
long time coming.
Now the mortgage companies are in so deep that it will
take a long time for these lending institutions to recover.
Check out some
other organizations that have felt the pain Organizations Not even
the wealthy are immune to the gradual slowing of the economy.
Take a look
at some of the recent news about other people involved.
Or the
latest news! But we would
never be in this mess if people weren't overspending their means.
