1 in every 8 homeowners in foreclosure?!

1 in every 8 homeowners in foreclosure?!

here's an interesting article (link below); I keep hearing that the real estate market is getting better, but is it really?
According to this article "The mortgage default is a Financial Bonanza"

I recall Bill (Trustpoint) saying a few months back that we haven't seen the worse yet...

http://problembanklist.com/mortgage-default-is-a-financial-bonanza-for-m...

__________________

Valerie

“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss

"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown

My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...


The question is, how long

The question is, how long can the housing sector be artificially propped up?