Illin’

.
One of the unique phenomenons of the Great Housing Bubble was the intense speculative activity, particularly the purchase of multiple properties. When speculators who purchased multiple properties implode financially, they allow multiple properties to fall into foreclosure. One of the reason we have had such a dramatic spike in foreclosures even before the bulk of the adjustable rate mortgages begin to reset is because of the collapse of speculators.
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Original Source: feeds.feedburner.com/IrvineHousingBlog

  28 March, 2008| housingblogs | @ 12:30

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