tag:blogger.com,1999:blog-15299229.post3062921534019086378..comments2024-01-03T19:16:11.059-08:00Comments on Beautiful Life: ForeclosuresNo(dot dot)elhttp://www.blogger.com/profile/10578214325474193322noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15299229.post-42466227693808819332009-09-29T12:24:39.436-07:002009-09-29T12:24:39.436-07:00Wow, really 7 million? That is just crazy. It rea...Wow, really 7 million? That is just crazy. It really does seem strange to me that this all can be happening and no one is doing anything about it. It is eery how many homes now you know people have tried and failed with the banks to no avail.<br />I don't think they want to do anything but make themselves more money. It's all business to them. They don't see the names and the faces, the kids any of human side to this. If they did they wouldn't sleep well at night.No(dot dot)elhttps://www.blogger.com/profile/10578214325474193322noreply@blogger.comtag:blogger.com,1999:blog-15299229.post-58584703663245666232009-09-28T09:29:34.820-07:002009-09-28T09:29:34.820-07:00I think this is really sad..
Some statistics:
What...I think this is really sad..<br />Some statistics:<br />What they are calling the homes that have not yet foreclosed, but are delinquent are "shadow inventory". There are about 7 million of these homes, more than what was sold in the US last year. This doesn't include the homes that have foreclosed. These laws started to change federally about 11 years ago when Clinton was in, and they wanted to make sure that everyone could buy a home. There were some pretty grave warnings about changing these laws but they pulled the heartstrings and got the laws changed anyway. Nevada, New Mexico and Arizona are in the worst shape. <br /><br />Statistics aside, I have talked with our mortgage companies for a long time now, with not any progress. I don't think they really want to do anything. But I think since they got some federal money, they have to seem like they are trying. It is maddening.Tmoneyrenohttps://www.blogger.com/profile/01380325872213491064noreply@blogger.com