$103,000 Fixer Upper = Housing Crisis

This owner of this piece of junk secured a loan for $103,000 and current investors can only hope to get $15,000 for it. No wonder we are in so much trouble.

The Wall Street Journal lays out this tragic story that is shared by hundreds of homeowners and investors across the country. In this case the homeowner was extremely high risk but still secured an amazing loan amount for a junker.

    January 7, 2009 | Comments ()