I think prices will eventually increase but I am not sure if they will reach the levels that they were prior to the foreclosure crisis.

We have been doing it before the crisis.

Even better than subprimes offering 30/50 loans a few years back and saving some very lucky homeowners from 2/28 messes for about the same monthly payment.No surprise they no longer offer such a product of course.Just for nostalgia purposes...there was bank (right before the crisis hit) that started offering 620 FICO 100% no doc purchases.

_r=1&ex=1361854800&en=a0d3a8e949e5d566&ei=5088&partner=rssnyt&emc=rss&oref=sloginThe article begins as follows:"President Bush sided with banks and mortgage lenders on Tuesday, threatening to veto a bill being offered by Senate Democrats that would give more bargaining power to homeowners who face foreclosure.Opening what is likely to be an intense political battle in the deepening mortgage crisis, the White House said it strongly opposed the bill, which would let bankruptcy court judges modify the terms of a mortgage as part of the restructuring of a debt in a bankruptcy filing..."

Here my thoughts. As more and more home owners find themselves in negative equity territory banks have every motivation to negotiate.

I also think that a large percentage of the home owner population would rather avo...

Unless the government hugely slashes spending and raises interest rates, he sees a dollar crash and US sovereign debt crisis in the coming years.

I am in the epicenter of the foreclosure crisis, port st lucie fl and a 3/2 that will fetch 900/month isgoing to sell in the 65 to 70k range.

If you've been watching the recent economic events in Europe, you'll have heard of the Greece debt crisis.

One of the effects of the current Real Estate crisis is the forced liquidation of a large portion of Americans stored "wealth".

Yeah interesting, on one hand I can see why it is happening as home prices can only stay down for so long..and this "housing crisis" has been going on for several years now...but on the other hand , what about the shadow inventory and homes that are yet to be foreclosed upon?