Naked capitalism has so many good articles. Thought I needed to share this link as I constantly scour the net for impending P3 catalysts. Here is another.
My favorite part - "Thus, there could be a spike in foreclosure auctions later this year and well into 2010. Assuming ’09 is the peak year for tax lien auctions (i.e., there will be fewer delinquent property owners next year than this year) that might mean that the Maryland housing market – especially in high delinquency regions like Baltimore city – could begin to really bottom over the course of the next year. In other words, these lien owners could force the system to purge itself of its excesses more so than the banking system or the government will."
The link is in the title of this post.