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During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.
Yup, the recession is over like some demwits believe.
Obama = Economic disaster
Oh and do not forget to read this part.
No end in sight The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."
Thanks Obama, the stimulus is working to save thousands of home for Americans.
Location: By the sea, by the sea, by the beautiful sea
68,326 posts, read 54,350,985 times
Reputation: 40726
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!
Yes, and he probably did the same with the cash for clunkers program. I'll bet lots of people bought new cars they couldn't afford (and maybe didn't need). Wonder how they'll deal with it when they fall behind on payments, and the repo guy comes for the car.
Location: By the sea, by the sea, by the beautiful sea
68,326 posts, read 54,350,985 times
Reputation: 40726
Quote:
Originally Posted by southward bound
Yes, and he probably did the same with the cash for clunkers program. I'll bet lots of people bought new cars they couldn't afford (and maybe didn't need). Wonder how they'll deal with it when they fall behind on payments, and the repo guy comes for the car.
I'll certainly be expecting kudos to Obama from all of the Uptighty-Righties for putting all those repo guys to work.
Amazingly talented, isn't he? Why in just ten months he managed to talk millions of people into buying houses they couldn't afford, finance them, fall behind, and lose them. In JUST ten months! He's amazing I tell ya, AMAZING!
Would have been nice if he would have signed on to McCain's bill (S.190) instead of joining a threatened Democratic filibuster. Your point is well taken that BO didn't do this all by himself. He had lots of help from the Clinton administration and Carter before that. The point is we have authorized the spending of trillions of borrowed dollars to correct a situation that is only getting worse. So why did we spend the money? Maybe doling out bonuses to supporters wasn't the best way to spend the money.
I'll certainly be expecting kudos to Obama from the Uptighty-Righties for putting all those repo guys to work
Cash for clunkers was a bad program since sales nosedived the next month. It increased the cost of used cars the poorest American's depend on because the old ones were needlessly destroyed. If the administration wanted to increase MPGs they could have retrofitted existing vehicles to run on plentiful American/Canadian natural gas, changed gear ratios, wheels and tires, engines, etc. A focused program to increase mileage would put a lot of those mechanics, service writers, cashiers, porters and managers that he fired when he decided to close profitable dealerships back to work. I guess someone at the White House having a clue what a de-stroker kit is would be hoping for too much.
Location: By the sea, by the sea, by the beautiful sea
68,326 posts, read 54,350,985 times
Reputation: 40726
Quote:
Originally Posted by momonkey
Would have been nice if he would have signed on to McCain's bill (S.190) instead of joining a threatened Democratic filibuster. Your point is well taken that BO didn't do this all by himself. He had lots of help from the Clinton administration and Carter before that. The point is we have authorized the spending of trillions of borrowed dollars to correct a situation that is only getting worse. So why did we spend the money? Maybe doling out bonuses to supporters wasn't the best way to spend the money.
As is your convenient omission of all the fine economic work and planning done by the Bush Admisitration.
During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.
Yup, the recession is over like some demwits believe.
Obama = Economic disaster
Oh and do not forget to read this part.
No end in sight The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."
Thanks Obama, the stimulus is working to save thousands of home for Americans.
Conservos hate good news but relish bad news these days.
During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice or bank repossession, the RealtyTrac report said. That means one in every 136 U.S. homes were in foreclosure, which is a 5% increase from the second quarter and a 23% jump over the third quarter of 2008.
And to think some lenders are becoming more lenient on foreclosures so these numbers could have been even worse if they wouldnt have done this.
Yup, the recession is over like some demwits believe.
Obama = Economic disaster
Oh and do not forget to read this part.
No end in sight The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."
Thanks Obama, the stimulus is working to save thousands of home for Americans.
Housing numbers low, unemployment numbers are high, the government needs to FIX IT! Spoken like true Socialists.
Casper
As is your convenient omission of all the fine economic work and planning done by the Bush Admisitration.
I included facts in my post.
What are your facts?
Need to see some Bush era legislation.
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