Friday, April 10, 2009

Mr. Mortgage Says that California Foreclosures Are About to Soar

The bottom line is that there is a massive wave of actual foreclosures that will hit beginning in April that can’t be stopped without a national moratorium — this wave is so big I would not put it past them trying it.

This can only be expected as unemployment continues to rise. What is so God-awful about letting these people stay in these houses? It's not like the banks are going to sell them to anyone. Banks are so pig-headed and arrogant.

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