renting: Short Sale Nightmare - Renter’s Beware
- 11/28/08 05:36 PM
Everyone knows that Phoenix, AZ, Scottsdale, Peoria, Tempe, etc... saw real estate prices more than double from 2000-2005. Real Estate Investors flocked to this real estate ‘gold rush' from all over the country, Canada and abroad. Fueling the Phoenix real estate investor frenzy was an era of (too) easy lending and (virtually) free money. Top that off with low fixed mortgage interest rates and so-called "NINJA" loans (No Income, No Job, No Asset Verification) loan and every person with a 600 credit score becoming a real estate investor in Phoenix, Scottsdale, Mesa, etc... Phoenix area Real Estate investors hoped to either … (110 comments)
Everyone knows that Phoenix, AZ, Scottsdale, Peoria, Tempe, etc... saw real estate prices more than double from 2000-2005. Real Estate Investors flocked to this real estate ‘gold rush' from all over the country, Canada and abroad.;)
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