http://www.biggerpockets.com/renewsblog/2007/03/27/upsurge-in-foreclosures-due-to-rising-mortgage-payments-it-took-top-fed-officials-to-figure-that-out/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.biggerpockets.com/renewsblog/2007/03/27/upsurge-in-foreclosures-due-to-rising-mortgage-payments-it-took-top-fed-officials-to-figure-that-out/#comment-49531 Joshua Dorkin Thu, 29 Mar 2007 06:19:41 +0000 http://www.biggerpockets.com/renewsblog/2007/03/27/upsurge-in-foreclosures-due-to-rising-mortgage-payments-it-took-top-fed-officials-to-figure-that-out/#comment-49531 Ryan - I happen to think you're correct. We are going to see a recession (mild or major - I'm not sure which, though), and home values will certainly continue to decline. There are many more foreclosures coming . . . Ryan – I happen to think you’re correct. We are going to see a recession (mild or major – I’m not sure which, though), and home values will certainly continue to decline. There are many more foreclosures coming . . .

]]> http://www.biggerpockets.com/renewsblog/2007/03/27/upsurge-in-foreclosures-due-to-rising-mortgage-payments-it-took-top-fed-officials-to-figure-that-out/#comment-49529 Ryan Webber Thu, 29 Mar 2007 05:37:50 +0000 http://www.biggerpockets.com/renewsblog/2007/03/27/upsurge-in-foreclosures-due-to-rising-mortgage-payments-it-took-top-fed-officials-to-figure-that-out/#comment-49529 Unfortunately, I think the only real solution to the problem at this point is the market correcting itself, which includes at the least a mild recession and a further decline in home values. Unfortunately, I think the only real solution to the problem at this point is the market correcting itself, which includes at the least a mild recession and a further decline in home values.

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