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Okay, it's out there. We all are hearing/reading about it daily. The sub-prime fallout, neg-am disaster, 100% financing is toast and loan officers laid off. It's not what most people expected. Most of us have been in denial. The majority of victims, the highly leveraged newer homeowners, are feeling like their world is caving in around them. It's stressful for families that know there's no way they can keep up those payments. They can't simply refi -- no equity and a hefty pre-payment penalty. If they are lucky, they decide to list their home on a short sale, rather than foreclose. Problem is, … (9 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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