Home owners who owe more than their home is worth, and can't refinance are more susceptible to foreclosure. Unfortunatly, lenders got us in this mess in the first place. I haven't received a single phone call from my past clients concerning foreclosure. When they purchased a home I suggested a fixed rate for financing. I additionally suggested they purchase a home they would be comfortable in,if an emergency should arise. We can still make a good living looking out for one another.
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