March 04, 2007
Desperate Homedebtors who listened to charlatans like Greg Swann and bought in 2005 and 2006 (or god forbid 2007 - are people really that dumb?) are probably about now realizing that they got taken, that they were had (yet their real estate clerk and mortgage broker of course got paid).
What does a person do who realizes that one mistake, just one, has now ruined his financial future? What does a Desperate Homedebtor looking at foreclosure, short sale or massive losses on his Phoenix condo do?
Who does he blame? What will he do?
I think we're about to find out.