The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Amelia Carhartt who wrote (122200)	5/11/2008 11:39:58 AM
From: Jim McMannis	Read Replies (2) of 306849

Don't ya just want to bail 'em out? g California man losing nine homes in mortgage mess news.yahoo.com LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market. Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to live in and nine more as investments. He stands to lose all the investment houses in the mortgage meltdown but says he has come away wiser from the experience.

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