The economic bubble in the housing market can’t be blamed on one group alone. Most American’s got greedy starting with the banks, wallstreet, underwriters, and even down to “Joe the Plumber”. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of now even. On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history. Increased foreclosure rates in 2006–2007 among US homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[2] In October 2007, the US Secretary of the Treasury called the bursting housing bubble “the most significant risk to our economy.” -Music arranged and performed by the “Domenator” for music services please email domenator@me.com LYRICS: Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Some of those up in this nation, caused the housing deflation. Huuuuuuu! Buying in the name of Buying in the name of You got a sub-prime mortgage You got a sub-prime mortgage You just bought when they told ya You just bought when they told ya You got a sub-prime mortgage You got a sub-prime mortgage You just bought when they told ya You just bought when they told ya You got a sub-prime mortgage You got a sub-prime mortgage You just

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    What happens to the mortgage after the foreclosure?

    If proceeds from the foreclosure sale is insufficient would I still owe the difference and have to pay it back?

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      I am on a variable rate due to commercial rentals, which are on the property where my residence is. The 14 acres is divided into 4 tracts. And my residence is on one tract with 1 rental cottage. How can I separate them so that I do not go under trying to pay an increasing variable interest rate?

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        Kenn Renner at KPLE

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