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It may be the biggest case of legal thievery of the U.S. consumer in history. The real estate crisis is turning out to be anything but a normal market correction. The national foreclosure epidemic has topped 2.4 million foreclosures and like a locomotive it’s racing full speed ahead.
America’s foreclosure epidemic has widened and its tentacles now span across all income levels into the conventional mortgage market. A forecast 5.6 million properties will be foreclosed unless government powers intervene. The crisis has gotten so out of hand that many homeowners are beginning to fight back in what ever way they can.
Housing Predictor explores the crisis and details the story of one man, who is representative of at least hundreds of thousands in the throws of foreclosure. Howard bought a home only to become unable to handle higher mortgage payments when his adjustable rate mortgage reset.
Victimized by bad timing and nearly impaled by conditions beyond his control, he refinanced his home only to become a victim of a bank. Now he’s stopped making payments on his home in California and may well soon be foreclosed. His story is representative of millions of American homeowners who have been caught in the web of deceit by the nation’s home mortgage business.
Former mortgage consultant and Housing Predictor columnist Tony Evans chronicles Howard’s plight in his new column entitled “Banking Trickery Revealed.” Tony reports from the insider’s viewpoint on the plight of what could turn into America’s greatest financial nightmare.
Through its team of researchers and independent journalists, Housing Predictor forecasts more than 250 local housing markets in all 50 U.S. states, and provides the inside track for consumers to understand the nation’s most challenging economic crisis in modern history.
To read Tony’s new column, check your markets forecast and search for many of the best deals in real estate visit http://www.housingpredictor.com
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