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casualities are mounting!

By
Real Estate Agent with C21 SOUTH COUNTY REAL ESTATE

even now as we speak dozens of sub-prime banks are going under and even more are on the verge of sinking. some are still functional but aren't accepting new applicants.  here is  a list of the fallen already:

these are presently bankrupt:

ownit

resmae mortgage

mortgage network lenders

the following are sold or up for sale:

fremont investment loan, ameriquest mortgage, option one mortgage,

first franklin financial, equifirst, fieldstone investment

be wary of these:

new century financial,  accrediated home leders,  novastar financial

these weren't small time people; they were on the top 25. they had around 1-5% marketshare and all i can say is what about the poor fools that were suckered into these companies when they knew they couldnt write off anymore bad loans? i heard of an ad sponsored by the state of indiana on a tv commerical. its call www.indianainvestmentwatch.com