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	Name:	Talullahhound -
	Subject:	Foreclosures NOT a national
	Date:	2/23/2009 11:08:36 AM

I'm not sure where VA fell in the national statistics, but I can tell you I watched the foreclosures listed in the Washington Post bloom to about 6 pages over a period of months last year.
Interesting, to you point, I did note it appeared to be a number of Hispanic (or at least Hispanic names). In some neighborhoods (and these were neighborhoods of some basic 3 bedroom/1 bath houses from the 1960's) as soon as the building slowdown came, they just put the key in the door and walked away. Having said that, we had two foreclosures in my neighborhood of upscale scale homes, with another one tettering. In all cases these were foreign born people, who bought at the top of the market. I remember thinking at the time that under normal terms, they would not have afforded to live there. They were also the only three homes in our neighborhood who couldn't seem to pay their homeowners fees or to follow the rules of the HOA (which resulted in even more rules being considered) and led to the recreation of our Architectural Committee since they couldn't seem to maintain their homes. I'd say that in all three cases, sub-prime low interest rate loans allowing these people to even contemplate moving in.

Other messages in this thread:

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Foreclosures NOT a national - MartiniMan - 2/23/2009 10:06:55 AM

Foreclosures NOT a national - Talullahhound - 2/23/2009 11:08:36 AM

Foreclosures NOT a national - MartiniMan - 2/23/2009 3:10:57 PM

Foreclosures NOT a national - SeaRayMan - 2/24/2009 6:24:56 AM

Foreclosures NOT a national - MartiniMan - 2/24/2009 9:20:22 AM

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