Friday, November 7, 2008
Next wave of mortgage foreclosures due to hit
About 7.5 million more homes carry a higher mortgage than what the homes are actually worth today. Meaning if one had to sell, they would need to bring a check to the closing. Meanwhile the Dow appears to be taking another dead cat bounce today as speculators with a little money left are trying to buy up some underfunded stocks. I hope not GM or Dell which are showing major balance sheet problems.
Posted by Archie at 11:02 AM