InvestorsHub Logo
Followers 34
Posts 6233
Boards Moderated 0
Alias Born 09/07/2006

Re: Spellbound post# 25762

Monday, 07/16/2007 4:44:27 PM

Monday, July 16, 2007 4:44:27 PM

Post# of 38879
Spellbound, 51 or 57 percent of home owners have bad loans across the United States...

Problem, they cannot refinance from under those bad loans..

The other problem, example, a $500,000 dollar home that sold last month, cannot be sold for that price this month, that new homeowner is now upside down in his or her home...

In other words, he or she cannot sell to get out of his investment.....

Homes in my neighborhood have house (Bank) sitters, they will not sell, Banks are going to take a bath, a blood bath....

chevy56

Some one break out the marshmellows.