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American new business: Buy a house and live for free.

By REpro   Follow   Wed, 31 Aug 2011, 8:10am   644 views   5 comments
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Or rent it out. 37% of mortgagors have not made a payment in more than two years. Some redfin.com listing is showing short sale for more than 1,000 days. It also shows us how serious shadow inventory is.
http://money.cnn.com/2011/08/31/real_estate/housing_market_foreclosures/index.htm?iid=HP_Highlight

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1. FortWayne Follow Befriend (13) 102 threads 3,759 comments

   1   8:18am Wed 31 Aug 2011   Share   Quote   Permalink   Like   Dislike   Thats Obama voters right there. Dear Obama, I've made some bad decisions, please send tax dollars this way. Sincerely, Deadbeat

2. REpro Follow Befriend (1) 22 threads 469 comments San Jose, CA

   2   8:32am Wed 31 Aug 2011   Share   Quote   Permalink   Like   Dislike   Patrick, accidently was placed in Miscellaneous Forum. Should go to Real Estate Forum. Don’t know how to move. Hey, consumers spending are improving.

3. American in Japan Follow Befriend (28) 149 threads 1,398 comments

   3   8:55am Wed 31 Aug 2011   Share   Quote   Permalink   Like   Dislike   Hmmm... Is this graph representing all homeowners wth mortgages? Or just those who are behind. If it is the former, them as I understand it 89% of mortgagees are over 6 mo. behind??

4. tatupu70 Follow Befriend (3) 15 threads 5,615 comments

   4   9:13am Wed 31 Aug 2011   Share   Quote   Permalink   Like   Dislike   American in Japan says Hmmm... Is this graph representing all homeowners wth mortgages? Or just those who are behind. If it is the former, them as I understand it 89% of mortgagees are over 6 mo. behind?? Yes--you are right. It's not 37% of all mortgages.

5. REpro Follow Befriend (1) 22 threads 469 comments San Jose, CA

   5   9:44am Wed 31 Aug 2011   Share   Quote   Permalink   Like   Dislike   And another link: http://www.businessinsider.com/the-average-loan-in-foreclosure-has-been-delinquent-for-a-record-599-days-2011-8