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Real Estate & Property Law

: Housing Watch

The Coming Foreclosure Flood

By Alyssa Katz

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Filed under: NewsHeartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down. Blame the "shadow inventory" - nearly 1.8 million homes that are on the road to foreclosure but for all kinds of reasons haven't gotten read more

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Full post as published by Housing Watch on December 31, 1969 (boomark / email).

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