Thursday, September 15, 2011

Mortage Default Notices Could Signal Bottoming Of Housing Crisis

It's hard to value a home when you dont know what the true supply of homes for sale in the are is.

Looks like we will be getting closer to finding out that figure.

Mortgage default notices surge

Delays in processing have artificially lowered the foreclosure numbers over the past year, so this new surge is likely addressing loans that have been long delinquent, but unaddressed.

The tool that turned $10,000 into $2,800,000 in 2 years.

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