Comments on: U.S. Bankruptcy Filings Skyrocket in the Third Quarter http://agentgenius.com/real-estate-news-events/u-s-bankruptcy-filings-skyrocket-in-the-third-quarter/ News About Real Estate Social Media, Marketing, Technology Sat, 20 Mar 2010 06:20:54 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Would the Financial Reform Bill Amendment Have Saved the Real Estate Industry? http://agentgenius.com/real-estate-news-events/u-s-bankruptcy-filings-skyrocket-in-the-third-quarter/#comment-43588 Would the Financial Reform Bill Amendment Have Saved the Real Estate Industry? Mon, 14 Dec 2009 05:03:22 +0000 http://agentgenius.com/?p=20393#comment-43588 [...] it would raise costs for all homeowners. The cramdown has been a sticking point in Washington as bankruptcy filings skyrocket and the state of foreclosures is still grim and politicians are looked to for the [...] [...] it would raise costs for all homeowners. The cramdown has been a sticking point in Washington as bankruptcy filings skyrocket and the state of foreclosures is still grim and politicians are looked to for the [...]

]]> By: Ken Brand http://agentgenius.com/real-estate-news-events/u-s-bankruptcy-filings-skyrocket-in-the-third-quarter/#comment-42386 Ken Brand Thu, 26 Nov 2009 13:36:00 +0000 http://agentgenius.com/?p=20393#comment-42386 I'm a glass half full kinda guy, AND, I think that business in general is rebounding and 2010 will be better that 2009. But, I believer there are legions of citizens who have scratched and clawed and have against odds, held on, till now. The problem is, we're entering the seasonally slower season, some who've held on this far, might night make it through the winter. I fear we will see one final tidal wave of foreclosures and bankruptcy. Also, I believe you're right, the social stigma of filling bankruptcy has almost disappeared...which is fine, lot's of responsible people were crushed by events outside of their control. The same thing happened in the 80's with the S&L crisis, although this is worse than that. Having said all of that, things will improve, people well rebuild, recover, learn and go forward. It's simply sad and no fun when you're getting pummeled. I’m a glass half full kinda guy, AND, I think that business in general is rebounding and 2010 will be better that 2009. But, I believer there are legions of citizens who have scratched and clawed and have against odds, held on, till now. The problem is, we’re entering the seasonally slower season, some who’ve held on this far, might night make it through the winter. I fear we will see one final tidal wave of foreclosures and bankruptcy. Also, I believe you’re right, the social stigma of filling bankruptcy has almost disappeared…which is fine, lot’s of responsible people were crushed by events outside of their control. The same thing happened in the 80’s with the S&L crisis, although this is worse than that.

Having said all of that, things will improve, people well rebuild, recover, learn and go forward. It’s simply sad and no fun when you’re getting pummeled.

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