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Loan Modification

: Mortgage Lender Implode-o-Meter

Phoenix: ?Vulture Boom? Will Become ?Vulture Bust?

By Implode-Explode Heavy Industries

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"Phoenix is now paying the price for its "irrational exhuberance". Home values have been plummeting, foreclosures have been escalating, and tumbleweeds now fill many of the subdivisions instead of houses. After seeing how many people were financially devastated by the mania, people are bound to be more cautious today, right? Wrong. "

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).

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