Real estate blog entries tagged with forecosures homes buyers mortgages by Jason Kotar (Kotar Associates)

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Home : Blogs : Jason Kotar : Jason Kotar's Blog : Tag "forecosures homes buyers mortgages"

forecosures homes buyers mortgages: Opportunity in the Midst of Crisis - 08/14/09 03:20 PM

Foreclosures continue to rise at a record rate. And, there is no reason to expect that trend to change within the next year. Many Adjustable Rate Mortgages, due to reset in the coming year, will experience a dramatic increase in interest rates. While the Presidents' efforts to get lenders to renegotiate existing loans prior to foreclosure are gaining some traction, the fact is that you cannot refinance your home without an income. Unemployment is expected to increase to over 10 percent from its present 9.4 percent.
Deutsche Bank recently estimated that nearly half of all mortgages will be underwater by 2011. … (3 comments)

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Jason Kotar

Fort Lauderdale, FL

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