I am pretty well convinced that we are not at all out of the woods on the state of the economy. We had a million foreclosures in 2008, but what many don't know is that we had 2 million in 2009 and are projected to hit 3 million in 2010. Plus, on top of that, we are just getting into trouble with commercial real estate. Somehow, the government has managed to cover all that up and it looks like 2008 was a blip on the radar screen and that we are in recovery.
Another thing many don't know is that the laws were changed so banks don't have to report forclosures in the same way they used to.
Watch this video for a bit of information
http://www.youtube.com/watch?v=-6Xr98wQxeg
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