Negative Equity Rising and Still Understated

31 Mar

Livinglies's Weblog


COMBO Title and Securitization Search, Report, Documents, Analysis & CommentaryCLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT


Negative Equity Rising and Still Understated

Editor’s Comment: 

In our pretend world which is being narrated by the Banks, the housing crisis is easing, people are starting to buy foreclosed homes for investment and domicile, and the defects in documentation were just paperwork problems that will get fixed. The foreclosures are real, we are told, the banks hold the assets on their balance sheets, the auctions were valid, the credit bids were properly accepted by the auctioneer as a no-cash offer from a bona fide creditor. Planted articles and stories across the media spectrum would have us believe that the worst is behind us.

In the real world, even those who wish to portray the housing market to be in some stage of recovery admit that the number of homes with negative equity is increasing…

View original post 663 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: