Trivia about money, jobs, budgets, credit, debt, and anything related to personal finance.

Real Estate

*One foreclosure can impose up to $34,000 in direct costs on local government agencies, including inspections, court actions, police and fire department efforts, potential demolition, unpaid water and sewage, and trash removal. Source

*Goldie Hawn and Kurt Russell want $15 million for their Malibu mansion. 50 other neighbors are selling too! Story

*How many mortgages are there in the United States?
74,931,000 housing units in the US in 2005 / 48,394,000 had a mortgage
From US Statistical Abstract, table 961 Information

*One foreclosure can impose up to $34,000 in direct costs on local government agencies, including inspections, court actions, police and fire department efforts, potential demolition, unpaid water and sewage, and trash removal. Source

*Lenders and investors do not make money on foreclosures. Losses range from 20 cents to 60 cents on the dollar. Lenders typically lose $50,000 or more on one foreclosure. Source

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