Comments on: 1.2 Million Homes in Foreclosure

By: Tijuana dentists

Tijuana dentists — Mon, 08 Sep 2008 20:04:50 +0000

This is the result of cooking the books to give home loans to people who otherwise couldn't even get a car loan. The lenders and the borrowers are equally to blame. They created the bubble that burst- and who are the true victims?-- those of us who could actually qualify for the loan and are still making house payments and homes that are rapidly depreciated due to the crooks and liars who cooked the books. Tijuana Dental Specialist

By: bail bonds services

bail bonds services — Mon, 08 Sep 2008 19:20:20 +0000

Not all foreclosures are due to bad mortgages. I would imagine a healthy number are from folks being out of work too. High and prolonged unemployment has gotta spike the foreclosures. Bail Bonds

By: San Diego medical research

San Diego medical research — Mon, 08 Sep 2008 19:19:31 +0000

If you could not afford to buy a house then you should not have. Plain and simple. Clinical Researcher

By: San Diego cosmetic surgery

San Diego cosmetic surgery — Mon, 08 Sep 2008 19:18:15 +0000

If you are going to buy a home that you are planning on living in, buy one that you can afford, taxes and insurance and maintenance included. The "asking" price does not tell the whole story, nor does the "adjustable" loan. People paid too much thinking they could flip the house, found no buyer and the adjustable loan was "adjusting", just like they'd been warned. Of course, no one fore saw the gas prices, the electricity prices, the food prices going through the roof, and all the unemployment. Cosmetic Surgeon

By: San Diego lasik

San Diego lasik — Mon, 08 Sep 2008 19:17:29 +0000

Given the ratio to income to sales price in Calif the foreclosure crisis will be a Calif problem for many years. Until the recent bubble lending 3 times income was a good yardstick but now it ranges from 6 to 10 times income and this has become the norm. A good example would be the city of Santa Rosa BMR problem that has a cap of 50K income for houses costing 304K using the FHA 3% down program. Low income cannot afford a 300K home, only in Calif is this type of thinking keep alive by local and state gov't. In fact the State yesterday wants to give low income families 100% financing for foreclosure homes in the most impacted parts of the state. These homes require extensive rehab which low income citizens do not have and will again provide a new wave of foreclosures in the coming years. Lasik Specialist San Diego

By: San Diego lawyers

San Diego lawyers — Mon, 08 Sep 2008 19:16:16 +0000

Just because people with funny money from stocks and people who got loans who could not afford them drove prices up doesn't mean this will last. A home is still your best investment in my opinion. San Diego Attorney