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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (159747)	10/24/2008 10:57:18 AM
From: Elroy Jetson	Respond to of 306849

Trust me, there has been no good reason for National City Bank to continue their construction loans. Foreclosed, and nearly foreclosed, condo and apartment projects (some completed and others partially completed) in the same areas are selling at a discount to the money National City has been pouring into these projects. For the past nine months National City has been lending Dollars into 30 cents of value. They've been desperate and pathetic. This zombie construction activity will come to an abrupt halt. End game. .