Saturday, January 19, 2008

Mortgage Company Executive Commits Suicide

Here is a link to a news article about a mortgage company executive who recently committed suicide! Although authorities haven't come right out and said that the man's suicide had anything to do with his mortgage company going bankrupt the case is still new enough not to rule out that possibility.

The current state of the whole foreclosure market is terrible!

Although it's probably a boon time for those that are investing in foreclosed properties, it is certainly not a good time for those that are facing losing their homes to foreclosure.

There has been a lot of talk about there being a 90-day moratorium on foreclosures but so far that is only being talked about. It is not a part of the law yet!