How do you feel? - 12/05/07 11:28 PM
About the proposed adjustable loan bail-out? The news reported a proposed bill where adjustable interest rates would be frozen for 5 years.  Since there are $350B in loans that will adjust in 2008, this would save over 1 Million people from facing increased payments...possibly more than they can afford.
As a real estate professional I love it.  It decreases the number of foreclosures.  Thus, slowing the decrease in property values.  It also limits the number of homes that go up for sale simply because the owners cannot make the increased payment.  Lastly, it limits the number of short sales because the homeowners … (4 comments)

 

David Bennett Yorba Linda Real Estate

Yorba Linda, CA

More about me…

Tarbell, Realtors

Office Phone: (714) 637-7240 x 320

Cell Phone: (714) 606-7940

Email Me



Links

Archives

RSS 2.0 Feed for this blog