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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American new business: Buy a house and live for free.
By REpro
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2011 Aug 31, 1:10am
1,840 views 5 comments
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REpro
ignore (0) 2011 Aug 31, 1:32am ↑ like (0) ↓ dislike (0) quote
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REpro
ignore (0) 2011 Aug 31, 1:32am ↑ like (0) ↓ dislike (0) quote
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Patrick, accidently was placed in Miscellaneous Forum. Should go to Real Estate Forum. Don’t know how to move.
Hey, consumers spending are improving.
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American in Japan
ignore (0) 2011 Aug 31, 1:55am ↑ like (0) ↓ dislike (0) quote
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American in Japan
ignore (0) 2011 Aug 31, 1:55am ↑ like (0) ↓ dislike (0) quote
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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??
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tatupu70
ignore (0) 2011 Aug 31, 2:13am ↑ like (0) ↓ dislike (0) quote
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tatupu70
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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.
Thats Obama voters right there.
Dear Obama,
I've made some bad decisions, please send tax dollars this way.
Sincerely,
Deadbeat