JP MorganChase Bank foreclosing on soldier's family home - Bend OR

[grandma]

...after directing the dad on how to be eligible for refinancing, Chase Bank used those very actions to start foreclosure proceedings; and after originally halting those actions d/t Press uproar they are now
saying `Aug 9' ...

http://tinyurl.com/3qy66of

 

[crws]

Real estate is a lit fuse, no pun intended. It costs no less now to build a house than before the crash.
All undervalued RE will be the next re-bubble, starting in central FL.
This is typical bank stab u in the back activity.
Once the fines are paid for defrauding the mortgage market, not u the average Joe, but the institutions that got
burned with AAA MBS's, mark my words there will be a full-on mortgage press by the banks to repo any and all RE as fast as possible.
Bend, OR was the hottest RE market in the country prior to the crash.
Average home values are down 50%.
Can you smell it....