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http://www.irvinehousingblog.com/bl...osure-rate-by-600-in-2010/?source=patrick.net
An exert....
1.2 million Bank of America homeowners are in default. Even if they forclosed on 45,000 a month for a full year, that is only 540,000 foreclosures. What about the other 660,000 people in default? I think their number -- large as it may seem -- is actually wishful thinking. It is worse than that.
An exert....
1.2 million Bank of America homeowners are in default. Even if they forclosed on 45,000 a month for a full year, that is only 540,000 foreclosures. What about the other 660,000 people in default? I think their number -- large as it may seem -- is actually wishful thinking. It is worse than that.