3 Mortgages Get Worse For Each 1 that Improves

What a surprise!

Maybe it is all of the foreclosed properties that the banks and lenders are not putting in the market place that is keeping the real facts from the public, and keeping the whole economy from tubing.. What about the Golden Parachute boys making up new INVESTMENT groups and purchasing large numbers of foreclosed homes in bulk for pennys on the dollar? WOW! They caused the problem and now they are cashing in on the down side as well! Doesn't anyone care? Approximately 40-50% (SO far) of the foreclosed/shortsale homes are being bought up by these investment groups. So, the very thing that got us into this mess to begin with is being played out again. Follow the money....That's where the next problem will be. One just has to look at the history of ALL of the bubbles, whether it is the oil, homes, commodities, junk bonds, mortgaage backed securities. ALL speculation that inflates the cost and value of EVERYTHING....artifically. To speculators that PRODUCE nothing and siphon off the life blood of the people and this country.

That is my opinion, and you are entitled to it!

Ken Wertz of CA 10:59PM March 01, 2010