In response to the glimmer of hope mentioned in this article, http://www.msnbc.msn.com/id/43099849/ns/business-eye_on_the_economy, that foreclosures are slowing down, don’t kid yourself. The 30-90 day delinquencies might be lower but, just like how unemployment rates are posted, it doesn’t paint the real picture of the health of the housing market. Case in point, the 90+ day delinquencies rose to almost 5 million homes raising total foreclosures in this country to almost 7 million homes and growing. Try counting that with your fingers and toes ladies and gentlemen. We will be in the business of buying and selling foreclosures for many years to come.
No End In Sight!
