http://www.mytwodollars.com/2007/08/21/foreclosure-rate-grows-national-rate-is-1-in-every-693-households/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.mytwodollars.com/2007/08/21/foreclosure-rate-grows-national-rate-is-1-in-every-693-households/#comment-18903 MoneyNing Wed, 22 Aug 2007 22:23:56 +0000 http://www.mytwodollars.com/2007/08/21/foreclosure-rate-grows-national-rate-is-1-in-every-693-households/#comment-18903 Actually it's probably going to get worst. You just have to see that the worst is when the market was at its peak (roughly 1 year ago) which means all those mortgages with the most risk is resetting their rate this, next and maybe in 2010 depending on the details. Actually it’s probably going to get worst. You just have to see that the worst is when the market was at its peak (roughly 1 year ago) which means all those mortgages with the most risk is resetting their rate this, next and maybe in 2010 depending on the details.

]]> http://www.mytwodollars.com/2007/08/21/foreclosure-rate-grows-national-rate-is-1-in-every-693-households/#comment-18779 Kit Tue, 21 Aug 2007 19:08:15 +0000 http://www.mytwodollars.com/2007/08/21/foreclosure-rate-grows-national-rate-is-1-in-every-693-households/#comment-18779 I understand how people can get into this situation when the unforseen happens (unexpected layoffs, death of a partner, catastrophic medical issues, etc) but for the life of me I don't understand why people can't do the math and buy what they can afford!! Furthermore I don't see how, if they can't afford it, they are able to get financing. I understand how people can get into this situation when the unforseen happens (unexpected layoffs, death of a partner, catastrophic medical issues, etc) but for the life of me I don’t understand why people can’t do the math and buy what they can afford!! Furthermore I don’t see how, if they can’t afford it, they are able to get financing.

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