Monday, September 14, 2009

60 minutes: the next wave of US foreclosure misery

It ain't over till its over: and it ain't over by a long shot. After the alt-a and option ARMS loans implode, there awaits the commercial property bubble, credit card bubble and the final big bang of the bail out bubble.

60 Minutes reports on foreclosures in 2009 and 2010.

Part 1

Part 2


CoachingByPeter said...

One factor that may affect anyone's foreclosed property is their credit score. It has great impact especially if one is trying to apply for a loan or credit card. If possible, it's better to pay mortgage loan on time to avoid foreclosure.

Sheilanagig said...


A bit like the dutch boy putting his finger in the hole in the dike?

Nothing is going to hold back these next two waves...unemployment will dictate what happens I think Peter.

It's out of the hands of individuals now.

Thanks for your comment.


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