Family can't move into house they bought

[tredadda]

Originally Posted by Halfcan

It is called Foreclosure. There will be a Lot of them in the coming years when all the free money dries up and hyperinflation fully kicks in.

Man I hope you are wrong on that. No good can come from that economically. The last time we had a huge rash of foreclosures the market tanked.

On another note why would there be a rash of foreclosures when people are getting into loans at low rates? The last crash if I remember correctly had people financing at much higher rates. It would lead me to believe that with people locking in low rates they would be more able to afford their loan long-term.