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(The Year 2012 In Review)
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|User Info||16.5% of Home Equity Loans Delinquent; entered at 2007-12-01 19:24:14|
Registered: 2007-07-05 N 47.72/ W 122.55
Yes. THIS IS HUGE!
Back in '04, I went through a Bainbridge neighborhood's property deeds. Almost every last one of them had a second, and a bunch had a third.
WaMu was dead back then. We finally are getting invitations to the funeral.
What's a well-to-do neighborhood doing taking out seconds and thirds? If you have the money, why borrow it? Where did it go? Can they service it?
I think this will be beyond ugly. It will be fugly.