Upcoming Foreclosures

Why is it the so-called experts are predicting another wave of home foreclosures even worse than we've seen?

I'm in Riverside County, California and we've already been hit pretty hard in this economic slowdown. Now I'm hearing on the radio, etc. that the next wave of foreclosures will be much larger in scope and far worse. I don't understand this. Thought we were through the worse.

Public Comments

1. It's just propaganda. It is the season. Believe nothing you hear until the election is over.
2. I wouldn't be surprised. Unemployement is up. That will take its toll. Repossesd cars are in staggering numbers. People spend more than they can afford too. too many credit card companies, in my opinion, allow too much credit to too many people.
3. it's the domino effect.