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Credit crisis makes Americans sell possessions

Money – Americans who have lost their homes in the property crisis are starting to lose their possessions too as even the cost of storage proves too much for them.

Tags: Credit crisis, possessions, homes, foreclosure, storage, cost, auctioneers

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Auctioneers across the United States are conducting sales at self-storage facilities, selling off the contents of units belonging to people who have fallen behind with their payments.

Thousands of Americans have lost their homes in the sub-prime mortgage meltdown and many have turned to putting their belongings in storage ready for a day when they could buy another home.

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Sorry Engineer that should've been a pos vote! Dang me!

:oS

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No prob

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This says a lot about the economy! Sad for the owners of property in storage!

Thanks engineer!

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Very sad.

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