And Realtors Wept - Part II

As a follow-up to the previous post And Realtors Wept, the hits keep coming:

American Home Mortgage has offically declared bankruptcy today according to Bloomberg.

Where is that cushy mattress when you need it?

Housing Crash Leads to Tragedy in Orange County

For California realtors Joni and Kevin Park a "black cloud" of real estate worries and financial stress led them down a tragic path to self-destruction last week. After wielding a gun and threatening security officers at a high-end Laguna Beach resort, and later charging police officers on the scene, Joni and Kevin Park were shot dead by OC police while their children watched.

Now all that remains is an expensive room sevice bill, and a young family in grief asking themselves just how and why something like this could ever happen to their own parents.

Are more tragic stories like these likely to increase as the housing bubble bursts in 2007 and the Ponzi scheme comes crash down around us?

138% Percent Jump in Orange County Default Notices

And so the misery ensues.