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under water: Are these negative equity numbers right? - 12/27/08 06:05 PM
For the past several weeks there has been a lot of exposure about the "next wave" of foreclosures that will be a result of Alt-A and Option ARM loans resetting.  I was glad to see that 60 Minutes did a feature about this as the volume of loans that will reset and are at risk of foreclosure over the next four years will trump the sub prime tsunami that made land-fall in 2007 and 2008.  This is a problem that is not going to go away and as such, needs to be accounted for when debating how soon the real estate market and broader economy is going … (10 comments)

 

Mark MacKenzie

Phoenix, AZ

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Mark MacKenzie Real Estate Planning

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