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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…