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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (21820)	8/31/2007 5:56:45 AM
From: elmatador	Respond to of 217906

1 in 5 mortgages in default in California belongs to borrowers who are not living in the homes with the troubled loans. ... But the mortgage bankers group suggests that some of these borrowers might not deserve to be saved. Many of the vacant, foreclosed homes dotting neighborhoods these days were bought by speculators who intended to "flip" their real estate investments for a quick profit but couldn't once the housing market slowed, said Doug Duncan, the trade group's chief economist. latimes.com