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


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2011 Aug 31, 1:10am   2,627 views  5 comments

by REpro   ➕follow (0)   💰tip   ignore  

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

#housing

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1   FortWayne   2011 Aug 31, 1:18am  

Thats Obama voters right there.


Dear Obama,

I've made some bad decisions, please send tax dollars this way.

Sincerely,

Deadbeat

2   REpro   2011 Aug 31, 1:32am  

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   2011 Aug 31, 1:55am  

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   2011 Aug 31, 2:13am  

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.

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