At this point in the housing crash, HP recommends everyone see "The Pursuit of Happyness"

Just read Casey Serin's latest post (he's alive) to get a glimpse how tough it's gonna get on a personal level for millions of people during the crash.

I also would like to point HP'ers to our official charity, the Denver Rescue Mission, which helps the homeless in foreclosure-central Denver Colorado. Please think about giving, even if it's just a couple of bucks.

The housing crash is here folks. There's no denying it. Lives will be ruined. Families will be torn apart. Crime will soar. The divorce rate will go through the roof. Bankruptcy will become a way of life. Neighborhoods will be decimated.

And the builders, mortgage brokers, bankers and realtors got paid all along the way. Never forget that.

Iamfacingforeclosure.com's Casey Serin loses another one to foreclosure. Where's the cash?

I just don't get the whole cash-back at close thing. What would stop me today (besides ethics and morals) from going out and buying ten homes, getting $100,000 cash back on all of them, taking all that tax-free cash and putting it into a Swiss banking account, then never making a payment on any of the homes, getting foreclosed on, and turning in the keys, $1,000,000 richer?

Seriously, what, if anything, would stop someone from doing that today?

Casey lost another one to foreclosure this week. And still no call from the Feds. And you know there are thousands, THOUSANDS, of Caseys out there.

Larchmont property no more. This is my second foreclosure, after the Dallas house got foreclosed several months ago by the hard money lender. This was my first experienced visiting a foreclosure auction.

I feel a slight sense of relief. One less house to worry about. Now just memories. This was my biggest cash-back at close and the worst deal as far as numbers go. I’m going to have to write the full background story on this deal soon, including why I bought it, and what my plan was (or the lack thereof).