Coming Soon: 300% Increase in Foreclosures. This is very bad!!Submitted by takeaction on Wed, 02/09/2011 - 03:30
At Calculated Risk, Tom Lawler, a real estate economist and former risk policy veep at Fannie Mae, tries to figure out how many people have actually lost their homes to foreclosure, short sales or deed-in-lieu desertions. The answer: Not enough. Lawler (who is now living the life of Riley on a Virginia farm) says the number of foreclosures that have been completed so far is a drop in the bucket compared to the number of loans that have gone bad:
Please click here to see the chart...and rest...Yikes..