I speculated in this post that our rental house is being foreclosed on. I just learned that this is indeed the case. We were already living in the house when it sold to new owners in late 2005. The only thing we’ve ever really known about said new owners is that they moved here from out of state and bought three houses at that time…two as “investments” and one to live in. I remember thinking that everybody who came to look at the house was nuts for even considering picking up an investmnet property at such an inflated price, so late in the boom cycle. What goes up must come down, right? Well, with markets I suppose it’s more like, what goes up to an unsustainable level in a very short period of time must come down…CRASHING down. Lessons learned.