forclosures up 97%

[Bronko]

This is actually really interesting being able to view a cross section of people and see their comments and view their take on the current mortgage situation. It appears the general sentiment is that the fault lies with the mortgage companies, and the borrower gets a pass.

What do you guys think about this?

http://www.nbcsandiego.com/news/1514...subid=10101561

Who is to blame here?

[spence]

Seems like an isolated case where the buyer was really stupid. Although, it may help to know how any state laws might apply in this situation as I believe they do vary...

But if the seller did knowingly lead them into believing they house was worth 5X what they paid, I'd think there could be room for some potential fraud, even if the buyer was a dope.

Difficult to tell not knowing the entire situation or being a legal expert

-spence