New real estate term on CR "Squatter Stimulus"

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New real estate term on CR "Squatter Stimulus"

Postby lannypoffo » Wed Mar 17, 2010 1:15 pm

Saw this on Calculated risk and made me laugh:

http://www.calculatedriskblog.com/2010/ ... yment.html

Supposedly the average days delinquent for loans in foreclosure is now up to 410 days (up from 260 days in 2008) so over 1 year of free housing! Squatter stimulus indeed!

Are there any good stories of someone you know taking advantage of this stimulus package locally?

LP
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