One Real Estate expert says as many as 20 million foreclosed houses sit vacant and not for sale. I know, I live next door to one. Slowplaying the foreclosure mess accomplishes many things. It keeps an overpriced asset on the books of the bank, it keeps home prices up, and it allows those who are under-water to stop making payments for long periods and instead spend money in the economy. Housing has not bottomed according to this expert. READ MORE…
