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Prime Mortgages bad

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December 05, 2008 – Comments (2)

Excellent summary of foreclosure data on CR.

I found the prime mortgage deliquency rate amazing...

2 Comments – Post Your Own

#1) On December 05, 2008 at 2:24 PM, Rep07 (28.56) wrote:

Hence the current flood of California listings like this:

http://realestate.yahoo.com/California/Sacramento/3651-18th-ave:e137283d54e3338f6e537121d6d34;_ylt=Ao3voBPoY9VEy1EukMPbom5n47Qs

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#2) On December 05, 2008 at 5:20 PM, FoolishChemist (96.95) wrote:

It's really amazing looking at the price of the house Rep07 mentioned.

09/18/2008: $55,250
04/07/2005: $197,000

Now they want $31,900.

Then the discription really hard to believe after looking at the picture.

"Wonderful opportunity to get into this neighborhood. The lot is deep with plenty of space to use the rear yard. The floor plan will please the fussiest owner. Lots of space in the kitchen to prepare those large meals for family gatherings or entertaining."

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