The real estate mortgage failure to pay that started to reach disturbing proportions in 2006 has been singled out as the activate of this economic descending spiral that we are experience right now.If we are to consider the results of the many economic and financial models that were formulate to understand the root cause of the difficulty, we would be tempted to consider that the reach of this division is so wide that real estate advance default caused all the financial woes that the world economy is experience right now.Yet, nagging question about the real effects of real estate finance default remained unanswered. Adding to the confusion are the differing views we get in the effort to give details the entire mess that we are in exact now. Most people look at the difficulty as caused by the increasing real estate mortgage expense defaults.
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