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option arms: Option ARM's and what affect will it have in Las Vegas, Nevada Housing Market. - 11/26/09 05:06 PM
CNNMoney Article By Les Christie: Option Arms: A poison Pill for homeowners

This is a comment about a article today in CNNMoney about Option Arms and what the affect it will have on the Las Vegas, Nevada housing Market. CNNMoney assessment is that it may be a killer for any home price recovery in Las Vegas, Nevada as the last of the Option Arms that were issued in 2004 are set to be recast. Some of the more interesting statistics that CNN reported is that relatively few of these Option Arms programs were used while they were being offered.

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