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Bankruptcy

: Arizona Bankruptcy Attorney Blog

Bankruptcy, Short Sales and Loan Mods, Oh, My!

By Joseph McDaniel, Esq.

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I thought I hated loan modifications and mortgage companies. And banks.

Compared to this lovely lady, I'm St. Francis!

Actually, I think she may have forgotten something that makes everything else worse. We plowed through about 1.2 mortgage foreclosures last year, and we're on track for more this year.

Do you think that will drive down home prices?

And what happens when the other shoe falls, and the commercial real estate market tanks, because there are no more living small businesses to lease space?

The next year won't be pretty. And I can only hope it gets better after that.

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Full post as published by Arizona Bankruptcy Attorney Blog on January 26, 2011 (boomark / email).

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