Foreclosures up 60% in February

“Foreclosure filings nationwide jumped 60% in February compared with the same month last year, but they DECREASED SLIGHTLY VS JANUARY, according to a report released Thursday.” Who wants to take a guess as to how long it takes CNBC to look at the statement in caps above and begin prefacing all of their predictions with their trademark phrase, “Now that the worst is behind us…”

If I had money I’d be buying all those houses up for sale at the auctions and sitting on them.