Satellite Tour Of America's Foreclosures

[KanadaHye]

Re: Satellite Tour Of America's Foreclosures

Does it really matter if I know any property owners? Will that change the numbers that have been presented here? The numbers presented here show a very different reality than the doomsday that you are trying to suggest.

for example from the source provided:
Bakersfield, Calif. -- 1 in 58 homes in foreclosure (less than two percent)
Reno, Nev. -- 1 in 54 homes in foreclosure (again the same trend)

An upside down mortgage is worse than a foreclosure.... when a home forecloses and people declare bankruptcy at least the bleeding stops. When someone is working to pay an upside down mortgage they are working at a loss (going to work and losing money).

[KarotheGreat]

Re: Satellite Tour Of America's Foreclosures

Really? Do you know any property owners in parts of the U.S.? Do you know people who took a $200,000 mortgage on a house that's now worth $70,000? That's if they can even sell it?

Does it really matter if I know any property owners? Will that change the numbers that have been presented here? The numbers presented here show a very different reality than the doomsday that you are trying to suggest.

for example from the source provided:
Bakersfield, Calif. -- 1 in 58 homes in foreclosure (less than two percent)
Reno, Nev. -- 1 in 54 homes in foreclosure (again the same trend)

[KanadaHye]

Re: Satellite Tour Of America's Foreclosures

It's close to 2% in most places and is even less then one percent on national level, so it is not as bad as it was or as some want people to believe.

Really? Do you know any property owners in parts of the U.S.? Do you know people who took a $200,000 mortgage on a house that's now worth $70,000? That's if they can even sell it?

[KarotheGreat]

Re: Satellite Tour Of America's Foreclosures

It's close to 2% in most places and is even less then one percent on national level, so it is not as bad as it was or as some want people to believe.

[KanadaHye]

Re: Satellite Tour Of America's Foreclosures

http://www.businessinsider.com/satel...-foreclosure-1


It had never homed on me how bad things still are.

Things are even worse than what the media prints....

[londontsi]

http://www.businessinsider.com/satellite-tour-foreclosure-wastelands-2011-5#bakersfield-calif-1-in-58-homes-in-foreclosure-1

It had never homed on me how bad things still are.