Everyone watch this uber-real video and read the excellent Denver Post series on Foreclosures, and the impact it's having on my favorite American city.
Denver had their bubble a few years before the rest of America, complete with mortgage fraud and an out of control and corrupt REIC.
And now they're having their crash.
Watch this video for a glimpse of America 2008 - 2010.
This will end so ugly. So very, very ugly. It already is in Denver.
Get ready.
Special Report: Foreclosing on the American Dream
Colorado leads a national wave of foreclosures that is leaving neighborhoods blighted and forcing many homeowners into financial ruin. In an ongoing series, The Denver Post examines why the state's foreclosure rate leads the nation and how it is affecting Coloradans, their communities and the economy.
Aggressive building and lending practices, lax regulation and a high rate of mortgage fraud, among other factors, are pushing thousands of homeowners into foreclosure.
Showing posts with label denver. Show all posts
Showing posts with label denver. Show all posts
April 29, 2007
Sobering video from the Denver Post on foreclosures, and the end of the housing bubble, Denver style
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4/29/2007
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Labels: cash back at close, corrupt mortgage brokers, corrupt REIC, denver, foreclosures, housing crash, mortgage fraud
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