2009-10-26miamiherald.com

`` As property values have plummeted by an average of 50 percent, such strategic defaults now make up a sizable chunk of South Florida's foreclosures. In the fourth quarter of last year, they accounted for an estimated 28 percent of all defaults in Miami-Dade and Broward counties, according to recent research from the credit bureau Experian and Oliver Wyman, a New York-based international consulting firm.''



Comments:

catherine at 10:35 2009-10-27 said:
TWO YEARS AGO WHEN YOU MENTIONED PROPERTY WOULD FALL 50%, PEOPLE COULDN'T BELIEVE IT AND BEAT YOU................

WHAT MAKES YOU THINK WITH THE REST OF THE FINANCIALS AND WHAT SHAPE THEY ARE IN THAT WE AREN'T GOING LOWER..........

DO YOU SEE ANY BRAKES ON THE FORECLOSURE NUMBERS????

AND NO OUTLAWING FORECLOSURE DOESN'T COUNT :lol: :lol: :lol:

MY PLAN TWO YEARS AGO IS LOOKING BETTER AND BETTER...........

I SAID WE SHOULD SEND EVERY ADULT $1500 OR SO A MONTH FOR 5 YEARS TO JUST KEEP EVERYONE IN THE UNDERVALUED HOMES, HELP TO KEEP ON TRACK WITH UNEMPLOYMENT

I WAS LAUGHED AT

WAS IT BETTER TO HAND ALL THE MONEY TO JP MORGAN AS EVERYONE ELSE SLIDES INTO DEPRESSION - HEARD THE HAMPTONS HAD A BANNER REAL ESTATE SEASON :roll: :roll:

THIS IS GOING TO COST WAY OVER 100 TRILLION BEFORE WE ARE DONE, FROM 07 TO WHENEVER...................

SO WHICH PLAN DO YOU THINK HELPS EVERY AMERICAN MORE???? Permalink

johnnytlg at 12:24 2009-10-27 said:
Wonder what will happen come jan. 1 when the Mortgage Debt Relief Act ceases to exist and people will be taxable on the forgiven debt. won't be so anxious to walk away and I think banks are counting on this... Permalink
catherine at 18:46 2009-10-27 said:
Wonder what will happen come jan. 1 when the Mortgage Debt Relief Act ceases to exist and people will be taxable on the forgiven debt. won't be so anxious to walk away and I think banks are counting on this...

I THOUGHT SO TOO BECAUSE WHEN WE HAD THIS DISCUSSION HERE A FEW MONTHS AGO THE RULES SAID JANUARY IT WOULD BE OVER

BUT A WEEK AGO I REPULLED THE DIRECTIVE AND FOUND THAT THEY MUST HAVE SECRETLY CHANGED THAT RULE TO 2012...............I PAY CLOSE ATTENTION TO THAT AND WHEN I REPULLED THE DIRECTRIVE FROM IRS THEY HAVE CHANGED IT TO 2012................I WOULD HAVE TOO............TALK ABOUT A REBELLION.................... Permalink

add a comment | go to forum thread