real estate credit crisis: Credit Challenge Society, lets fix it! - 10/18/10 11:00 PM
Back in March of 2009 I wrote " Credit Challenged Society", with all the foreclosures and shortsales and the like who would be left to buy. It is said that 25% of the houses are in some stage of foreclosure or not being paid as intended. The economy can not get traction with 25% of the people not viable consumers who can borrow.
The mortgage guidelines have to changed to take in account the foreclosures and shortsales that were market driven. I have been getting people who assets have been destroyed in the decline, however they are gainfully employed and have … (4 comments)

 
Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates) Rainmaker_large

Richard Stabile Bergen County New Homes Builder Realtor

Woodcliff Lake, NJ

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REMAX real estate associates

Office Phone: (201) 573-8811 x 331

Cell Phone: (201) 819-4541

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