Welcome to Foreclosure Nation: Mortgaging the American Dream online. Writing a book about an on-going economic crisis is like herding cats. Critical facets evolve in real time as you write. In the case of our nation's subprime crisis, accurate, complete and current information is central to the important decisions many of us are now making every day;
If you're a bank decision-maker, should you consider that offer to buy the paper on a certain non-performing commercial development project even if the offer is 30% under face value or do statistical indicators point to demand in that geographic region in the not too far off future?
If you're a distressed homeowner, do you have a loan with one of the lenders that is offering modifications now? If so, is a modification an option for you or should you prepare yourself for a deeper remedy, maybe a deed-in-lieu of foreclosure?
If you're a developer in or at risk of default, what can you offer the bank to convince them to give you a little more time?
If you're an investor, where are the best opportunities in terms of , geography, particular lenders, property type or deal structure?
Even if you're none of the above and simply an American with concern about your investments or the economy or our country, accurate, complete and current information
in real time
is fundamental to informed to choosing wisely and choosing wisely is the key to navigating this crises. For you, your company, your neighbors, friends and family and our leaders.
Enter this website.
Literally and figuratively.
For accurate, complete and current information about our nations economic crises, what fellow foreclosure nation readers and bloggers think about it and a thorough understanding of what you need to do to safely navigate it.