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Explaining the housing crash:

From the Modesto Bee:

In a time when real estate stories are filled with foreclosures, loans gone sideways and homeowners on the brink of financial ruin, lending professionals say avoiding such traps requires a simple step. That step is to read through and understand every detail before committing to a home mortgage, though many consumers admit they don't.

In a recent poll of about 1,000 adults by Bankrate.com, about 34 percent of homeowners had no idea what kind of mortgage they had, said Greg McBride, a senior analyst for the financial information Web site.



Alison Moyet - Alf - Steal Me Blind
iTunes is currently playing: Steal Me Blind from the album Alf by Alison Moyet.
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