I heard today that banks might start dumping their foreclosures before the government makes them renegotiate with the owners so they can stay in the house. Not sure how that would work, but in this newly passed bailout there could be something the banks do not want to do with a timeline, so they might take their losses now, rather than give a lifeline to the people who are losing their homes. That could drive prices down even more.
I heard today that banks might start dumping their foreclosures before the government makes them renegotiate with the owners so they can stay in the house. Not sure how that would work, but in this newly passed bailout there could be something the banks do not want to do with a timeline, so they might take their losses now, rather than give a lifeline to the people who are losing their homes. That could drive prices down even more.
