Realty Flipping Guide

Everybody knows a recession is when your neighbor loses his job. A depression is when you lose your job. Apparently more of us are coming closer to depression than we would like to believe.
The data you are about to read is from the June 2008 edition of Collections & CREDIT RISK magazine. This particular magazine touts itself as the consumer & commercial credit authority. I’ve been a subscriber for several years and agree with their self assessment.
Some of the people and sources quoted in the article, Late with Their Mortgage Payments, Consumers Lose Faith in the Economy, have been quoted before so you might recognize their names.
RealtyTrac CEO James J. Saccacio is one of the people offering an opinion. On the topic of federal, state and local governments and community groups offering a helping hand to consumers he, in part, says, “stopgap measures could be simply deferring another flood of […]

Original post by Tom Koziol and software by Elliott Back