[dalereed]

"Anyone want to take a slice at that ?"

When forclosures start snowballing and there is no sale for them by the banks they will be turned over to HUD.

My fear is that HUD won't sell or auction them off but will keep them and they will become low cost housing.

Deep down I suspect that this has been a government plan for many years in the making and that the ultimate goal is to have almost everyone living in government housing, dependant on government and therefore guarnteed sheep for a socialist america!

[NYTexan]

That's a scarey thought!
It would diminish property values like a plague!