[lbo-talk] Ongoing housing market crisis data

joanna 123hop at comcast.net
Mon Aug 27 15:02:47 PDT 2007


Steven L. Robinson wrote:


>Historically, foreclosures have been politically fought at the stage of the sale. Where the property is being sold to a new buyer in a judicially scripted auction. Typically, they are held in some public place - usually at a court house. The folks who frequent such sparsely attended sales are economic vultures, who typically end up buying the property at deep discounts from the stated market price.
>
Didn't pretty boy floyd, or john dillinger burn mortgages when they robbed banks? One of those guys' funerals drew hundred of thousands of those who didn't get their homes repo'd.

Joanna



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