Good post bugs. Yeah, poof, 28% of the value of homes can disappear just because of financing alone — just like that. Add in the confluence of other factors and greater declines are possible.

Where’s powayseller? Everything she predicted is coming true.

I remember about 1 1/2 years ago posting that borrowers lied on their applications. I was accused of being dishonest. Where are all the pollyannas now?