Most folks who buy and sell distressed property for a profit secretly expect that eventually the day will come when foreclosures will no longer account for one out of every three homes sold in America. Someday the Foreclosure Time will indeed end, though most likely not within the next two years. It’s end, however, is inevitable and [...]
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How Much Time is 13 Seconds? Enough for Another New Foreclosure
by Joshua Dorkin | February 5, 2009Remember the Rolling Stones song “Time is on Our Side”? It seems that that song might finally be outdated! According to the Center for Responsible Lending (CRL), we’re running out of time. Their website has a counter that sums up the total number of foreclosures since January 1, 2009, and every 13 seconds the counter [...]