Home property value survey

bulletandpima
Sun, 29 Jun 2008 23:05:03 +0000

In the second quarter of 2007, 5,800 Virginia homes were in foreclosure, 4,000 of which involved subprime loans



With that data, suppose the avg mtg is 300K…unrealistic, but use it as a starting point. Virginia has 17.4 Billion, or over 4 times as much then what the fed is anteing up.

Again who gets saved, who is left at the side of the road?