Owners, economy laden with backlog of delinquent loans

Full story: Columbus Dispatch

The national rate of foreclosure is expected to stay high into 2010 as delayed foreclosures are processed and banks take over ownership of the properties.
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1 - 4 of 4 Comments Last updated Jun 28, 2009
IB Sober

Columbus, OH

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Judge it!
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#1
Jun 28, 2009
 
You signed the papers, so make your payments on time.
Michael W

Pickerington, OH

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Judge it!
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#2
Jun 28, 2009
 
IB Sober - it's easy to make payments on a trailer in Chillicothe! Go away!
James

Columbus, OH

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#3
Jun 28, 2009
 
It's widely known that banks are not disclosing the real number of foreclosures, and they're doing so in order to make themselves appear to be more solvent than they really are. It wouldn't surprise me if the banks are also holding out on foreclosure proceedings while the government creates government backed solutions to fix the problem of foreclosures.

Whatever the case... It's a great time to rent !!!
James

Columbus, OH

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#4
Jun 28, 2009
 
Michael W wrote:
IB Sober - it's easy to make payments on a trailer in Chillicothe! Go away!
I'm in Upper Arlington south of Lane (where trailers are nonexistent), and yet my location in online forums always says "Chillicothe." My IP is through Time Warner, so I'm guessing that the server is somehow based in Chillicothe and I'm thinking that the same might be true for the other guy that you insult.

But speaking of trailers... In the current economy, I would speculate that trailers are a much smarter investment than single family homes. There is in fact a MUCH higher demand for low cost housing now that half of the USA is broke.

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