Wednesday, January 13, 2010

Adjustable Rate Mortgage Foreclosure Is There Anybody Out There Facing Foreclosure?

Is there anybody out there facing foreclosure? - adjustable rate mortgage foreclosure

I keep hearing about this on the news. Rate of foreclosures are up, up, and this is closely connected with the Great Depression. NPR talks about it all the time, but above all they are talking about economists and the transmission of news on Wall Street. I want to hear the perspective of someone who has lost his fortune through these variable-rate mortgages, too. What's happening? I intend in this situation, if I was not sure I could pay the rent is, so I think I could understand.

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