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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (136083)7/24/2008 8:35:16 AM
From: DebtBombRead Replies (2) of 306849
 
Did they tell the public yet about the 5 year option arm financial nuclear bombs that will start blowing through 2011? I read it will create about 11 million more foreclosures. Almost all of those folks are in negative equity, they're trapped, facing mortgage re-sets that will likely double and triple their payments. I suspect they will all walk away. therealestatebloggers.com
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