Foreclosures
Out of context: Reply #15
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- Boz0
It's gonna get worse..and btw.. those are ONLY foreclosures.. I'm dropping my house too.. I will be short-selling it..
Add short-sales and you will see much worse picture.. Foreclosures are for those who either can't sell the house or just left it and don't care to deal with anything or the deficiency laws are not on their side in certain states.
This is why on that map Arizona looks emptier than it is with house situation.. Half of my community is selling homes. It's like that almost everywhere I know people.. even in Scottsdale..
What's even worse is that I had friends who got out of their houses with short sales to avoid foreclosures and the people who bought them at a super low prices are now even more underwater.
This thing ain't over yet.. the shit will hit the fan again.