1 Articles match "Alienation","America","Foreclosures"
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The Latest from RealtyTrac
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It Used to Be a Day Job
The far-reaching implications of the nation’s foreclosure crisis continue to snowball a little more every day. In its latest evolution, what started out as the lending industry selling undesirable loans to undeserving/unqualified borrowers who are now going into foreclosure by the thousands, has now filtered down to a lack of jobs for day laborers around the country. The greatest fear seems to be that many of the more than 100,000 of these workers who are looking People feel sorry for the distressed homeowners who are losing their homes as their adjustable rate subprime mortgages reset to higher-than-affordable interest rates.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
|
-
It Used to Be a Day Job
The far-reaching implications of the nation’s foreclosure crisis continue to snowball a little more every day. In its latest evolution, what started out as the lending industry selling undesirable loans to undeserving/unqualified borrowers who are now going into foreclosure by the thousands, has now filtered down to a lack of jobs for day laborers around the country. The greatest fear seems to be that many of the more than 100,000 of these workers who are looking People feel sorry for the distressed homeowners who are losing their homes as their adjustable rate subprime mortgages reset to higher-than-affordable interest rates.
www.foreclosurepulse.com
- Tuesday, December 16, 2008