View Single Post
Old 02-25-2009, 08:59 AM  
fuzebox
making it rain
 
fuzebox's Avatar
 
Industry Role:
Join Date: Oct 2003
Location: seattle
Posts: 22,052
The bloggers comments to the video are spot on of course. The video makes it seem like the family is in trouble because the value went down, but banks do not foreclose because of the market value of the property, they foreclose because of lack of payment.
fuzebox is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote