Foreclosure Alley, a Sad Video
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Trashing Out in Foreclosure Alley--Video Link
- Foreclosure Alley Trashouts
Foreclosures are dominating the real estate market in Southern California. 700 families lose their homes every day.
Internal Revenue Service Questions and Answers on Foreclosures
Foreclosure Statistics
- Foreclosure Statistics
One in 200 homes will be foreclosed.
Case-Shiller Home Price Statistics
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Comments
The ads at the top of the page add to the distress:
Find Foreclosure homes. Your dream home as low as $10,000.
How are the taxpayers going to make back $800 billion at that rate?
Sorry to hear that, Jeff. Good question Storytellersrus.
I hate to keep repeating myself but, this is free market capitalism at work. This kind of tragedy is an inevitable result of an economic system that rewards greed, deception, fraud and ruthless disregard for the damage and suffering it causes.
Chef Jeff says:
16 months ago
First of all, great hub! it hits home for me!
When we bought our house in July, 2006, it was underpriced according to the local market. In the two years since then it has dropped well below what we paid for it.
Now that I am unemployed, and disabled, I believe we will end up losing all that we have worked for the past 30 years.
What a country!