Friday, October 3, 2008

What is a trash-out?

This video depicts something called a "trash-out." It's what happens when the owners of a US home cannot pay the mortgage. This one from a region of SoCal called "forclosure alley." Half of all homes in sold in the region today are sold on account of a mortgage foreclosure.

Hat-tip: Sullivan

No comments:

SPECIAL COVERAGE I live-blogged the spontaneous Obama victory celebration in Washington DC. Experience what it felt like to be among thousands of deliriously happy people gathered outside the White House. Click here.

Previously, I had been blogging about the Obama, McCain and the US election. I wrote about Sarah Palin on this blog even before McCain chose her to be his running mate. The choice was disappointing, and a possibility I had anticipated.

When you subscribe to Jot USA, you receive the latest posts from JOTMAN.COM and this USA companion blog.


When you subscribe to Jot USA, you receive the entire JOTMAN.COM blog, the Jot USA supplement, plus US-related travel and health tips.

Subscribe in a reader

Enter your email address:

Delivered by FeedBurner