Many more forclosures are going to happen before the real estate market picks up again.
Banks are foreclosing and NOT, I repeat, NOT changing the deed to reflect that THEY are the owners.
Why are the Banks doing this? If they foreclose on a property, are THEY not the owners of the property? Why are the banks not changing the ownership?
For more information visit other blogs of interest,
http://therealpantsdown.blogspot.com/2009/12/bank-failures.html
http://therealpantsdown.blogspot.com/2009/12/credit-card-rates-and-christmas.html
More information about this on the way! Pay attention America! Why are the banks doing this?...oh that's right the BONUS!
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