Most home buyers need to borrow money to buy a house. Some have enough money sitting in a bank or other easily marketable assets, pay all costs of the house immediately. (Even the few that not enough money will usually not find it financially advantageous – perhaps for extra tax relief – to borrow money.) [...]

Many banks have started to feel the heat as loan defaulters are growing in number. Most of these defaulters make a list from shopping malls, offices and other utility services. Commercial real estate loans are becoming problem for many banks and financial institutions. Banks anticipated that these businesses will be able to do well. Recession [...]