Mortgages

will have to be restructered:click

Good business decision?click

Freeze:click how's this gonna work when most homes are higly indebted, in fact way more than they will ever be worth in the next decade?? in my view.?

arithmetic?click

plunger alert: thanks to 2500 for this one.
Plunger of the day. This tract home McMansion is newly listed on the MLS and sports a rather modest 3700 sq ft.

ON MLS: H872030 asking $370K
Purchased: 7/2006 for $836K

http://www.bcpa.net/RecInfo.asp?URL_Folio=514031021540

$466K (56%) loss.

How does the $370K asking price affect the adjacent.

Purchased: 7/2006 for $818K
Purchased: 7/2006 for $827K

Oh my!