Quote:
Another 4.8 million mortgage holders were at least 60 days behind on their payments or in the foreclosure process, meaning their homes were well on their way to the inventory pile. That “shadow inventory” was up 30% from a year earlier.

If even only quarter of those go into full-blown foreclosure, it'll double the banks' housing inventory.  Not a good place to be.

Recovery, my eye!


And its funny how it's the little things in life that mean the most.
Not where you live, what you drive, or the price tag on your clothes.
There's no dollar sign on peace of mind, this I've come to know.

Zac Brown Band -- "Chicken Fried"