Thursday, October 13, 2011

Foreclosures On The Rise By 14%

http://www.chicagotribune.com/classified/realestate/foreclosure/chi-us-foreclosure-activity-edged-higher-in-3q-20111013,0,3365040.story

Pretty amazing, the banks have nothing to do with these homes onve vacated.  Many are being demolished.  You still have to pay the proprty tax...

Is the end game to just have a bunch of empty realestate?  Mostly in horrible locations (economically speaking).  Why not re-finance??? 

It's why the big banks will fail again.  And this time, there will be no bail out.  There would be a head on revolt in the country.  The kind with blood and dead people.

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