Poem – ” Foreclosure “

” A Pale Green Mermaid Blog “

 

FORECLOSURE

 

Foreclosure, foreclosure,

one in 45 across the nation,

Foreclosure, foreclosure,

the Big banks thrive and hoard their cash,

a secret little stash,

it was meant to lend,

but they refuse to bend,

so when those big bad banks retire,

they can aspire,

to a life of less than dire – floating down a river in a inflated golden tire…

Foreclosure, foreclosure,

one in 45 across the nation.

 

 

US Foreclosure Rate 2010

January 14, 2010 by Josh Groesbeck  
Filed under
Buyers

 

During 2009, almost 3 million homeowners receive a minimum of one foreclosure filing.  This is a new record.

It is reported by Realty Trac, that 1 in every 45 which is 2.8 million households were in default in 2009.  What does 2010 hold for the foreclosure market.

I think that the US foreclosure rate in 2010 is going to move up.  Let me tell you why.

us-foreclosure-rate-2010Look at the chart to the left.  You can see that all of the foreclosure trends are still moving up.

I have talked to a lot of homeowners that may not be behind in their payments, but they have lost a ton of equity and now are upside down and there are more and more people that are just walking away from homes that have lost money.

From Boise Idaho area website www.homeswithjosh.com

also check www.realtytrac.com  for current info on Foreclosure rates in the US.

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2 Comments

Filed under Economy, Poetry

2 responses to “Poem – ” Foreclosure “

  1. Every day when take my 30 mile trek on my mountain bike, I see so many homes in foreclosure that it amazes me…how could so many people be displaced without any concern about their welfare..but then I drop my naivete and admit that the same people who brought us this disaster are currently negotiating energy policies…just to make sure the gold on their inflated golden tire is firm. Thanks!

  2. We need to unite and let our flag ascend , as Muse says in their song Uprising, I believe that the public does not understand that it is not their fault that the banks sold predatory loans wrapped in a ponzi – like schene they called investments ending in lost homes really across the globe, I think the truth will come to the forefront eventually and the public will demand acountabilityt and change.

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