how isn't it? for most people, their wealth and resources are stored in their house. when the market value sinks below what they owe their savings are gone.
News: article predicting 7 million home foreclosures has been pulled by MSNBC. The article titled "New Wave of Foreclosures Threatens Market: Up to 7 Million Homes Are Potentially Eligible But Haven’t Been Repossessed" was available at this link - http://www.msnbc.msn.com/id/35832152/ns/business-washington_post//.
Googling the tite - http://www.google.ca/search?sourceid=chrome&ie=UTF-8&q=New+wave+of+foreclosures+threatens+market%0AUp+to+7+million+homes+are+potentially+eligible+but+haven%E2%80%99t+been+repossessed - yields several cached copies.
News: article predicting 7 million home foreclosures has been pulled by MSNBC. The article titled "New Wave of Foreclosures Threatens Market: Up to 7 Million Homes Are Potentially Eligible But Haven’t Been Repossessed" was available at this link - http://www.msnbc.msn.com/id/35832152/ns/business-washington_post//.
Googling the tite - http://www.google.ca/search?sourceid=chrome&ie=UTF-8&q=New+wave+of+foreclosures+threatens+market%0AUp+to+7+million+homes+are+potentially+eligible+but+haven%E2%80%99t+been+repossessed - yields several cached copies.
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