I thought foreclosure problem was over!! Maybe not

[Rich Weese]

http://www.sltrib.com/business/ci_14649910?source=rss

I realize this article is from a Utah paper and has a Utah slant, BUT read through the article. Actual # of homes in foreclosure jeopardy is expected to go from 2.8 million last year to 3 million in 2010, a 7% increase. It also lists worst 10 states and NV continues to lead the bunch.
I really hope that the commercial fallout doesn't hit at the same time. That would cause further problems, and dominos start falling, imo. Rich

[Peter Giardini]

Rich... thanx for posting the article.

I have written about this subject over on the Bigger Pockets News Blog for months... and the general consensus I have found is that we are headed to a double-dip and it will stay that way until unemployment stablizes.

That coupled with all of the anticipated changes in Governement policy and we are in for one hell of a ride.

For real estate investors... stay limber... don't be afraid to adapt to the changing conditions and keep the communications open, right here on BP, to what each of us is experiencing.