Vultures swoop in

Posted on March 19, 2007 by grim

From the Asbury Park Press:

Investors swoop in when owners default
BY JASON METHOD

(Snipped, will be updated in a few)

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3 Responses to Vultures swoop in

  1. BC Bob says:
    March 19, 2007 at 8:21 am

    “We’re seeing more foreclosure action at the top of the market than at the bottom,” Kessler said. “You see a lot of people who can’t sell their homes, and they’re really extended out.”

    I guess he’s telling us that this mess is not confined to the subprime.

  2. HOUSE OF CARDS says:
    March 19, 2007 at 11:16 am

    http://www.app.com/multimedia/maps/20070318_subpr/

    INTERACTIVE MAP: 2005 Subprime Loans in New Jersey

    House ATM above !!!

  3. metroplexual says:
    March 19, 2007 at 3:02 pm

    I used to know John Bittel when he went to Rutgers back in ’92. He was a character then as he still seems to be.

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