Foreclosure Fortunes

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For the past year or so, especially in the wake of the 9/11 bombing, America has witnessed an combination of events that have brought about one of the greatest foreclosure markets in the past twenty five years. For almost the entire decade of the 80s and 90s, Americans at virtually all income levels have participated in an economic boom of unprecedented proportions.

More people have had good jobs than ever before; many of them at the highest income levels in history. We have all been living in larger and more expensive homes, buying more luxurious cars, wearing more fashionable designer clothing, been able to indulge ourselves with more expensive hobbies and recreational activities.

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