Realty Flipping Guide

In my previous posting with the VERY long headline the other day, I challenged any and all to contradict me when I —and a Congressional oversight committee—concluded that the Obama administration’s attempt, thus far, to gain meaningful mortgage modifications has totally flopped.
In even less time than I thought would be the case, I have been proven sadly right: A new RealtyTrac report just out says that foreclosures are up a full 5 percent from summer to this fall…..meaning almost 940 thousand properties were impacted….
And, in case you’re not counting (and who is??? anyone??????) RealtyTrac says that puts the number of foreclosure postings at about 3.5 million by the time the year is out, compared to 2.3 million a year ago. CNN is even reporting the headline, “Foreclosures: ‘Worst three months of all time’
As an Associated Press report points out, “unemployment is the main reason homeowners are falling into […]

Original post by Charles Feldman and software by Elliott Back