>a very high percentage of the houses being foreclosed are not HOMES. i'm >pretty certain that even FNM/FRE allowed up to 4 "home" loans. takes a >very divided family to need 4 "homes". this stuff belonged to either >speculators, or to innocents that decided to take their money out of their >original home and buy a bigger one, leaving behind a house/building.
Interesting point. If that is the case why does an income-producing property go into foreclosure? Did all of the tennants in these areas get whiped out in a cataclysm that the government is keeping secret? Something else must have happened to cause this sequence of events. What? ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
