Mortgage walkers: JUST a penny for your thoughts?

 

 

foreclosure sign

 (Sign from mdforeclosurelaw.com)

 ....Monday all over the world!

and so are the foreclosures.

What can you do?

This began a long time ago.

There was a lot of really flexible money laying around.

And it was pretty much there for the taking-by mortgage brokers, buyers and sellers.

(...there may have been some greed involved in there somewhere, too...)

But this piece from the Real Estate Journal-WSJ Online

has some of the best points raised yet by those walking on their mortgages.

It might raise an eyebrow or two for you.

Steve

http://obeoman.blogspot.com

 

 

 

 

 

 

 

4 Comments on Mortgage walkers: JUST a penny for your thoughts?

Steve

The times they truly are changing, aren't they?

Sincerely

Tom Braatz

02/11/2008 12:13 PM by Tom Braatz, South Eastern Wisconsin (Tom Braatz)


 

Tom,

 

Sad and true-but they will pass.

 

Steve

http://obeoman.blogpsot.com

 

02/11/2008 01:44 PM by Obeoman Steven Stearns (www.obeo.com)


Thanks, I missed this story first go round.  It is sad to see so many walk from their houses, but I agree with the article, many were banking on the fact that a house is the last thing a person would leave behind.  Many just don't have a choice, I don't think this is a light decision for anyone.  But the market, if left a bit alone, will get back on an even keel.

02/11/2008 09:34 PM by Rebecca Levinson-R.E. Blogger/Connect2Agent (Connect2Agent)


 

Rebecca,

Good observation-the other point brought up in this piece is simple: enough people are going to be affected by this so later on, it probably willnot have such a bad impact on themwhole market.

 

Thanks for stopping by!

 Steve

http://obeoman.blogspot.com

02/12/2008 08:51 AM by Obeoman Steven Stearns (www.obeo.com)


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Real Estate Media: Obeoman Steven Stearns (www.obeo.com)
Obeoman Steven Stearns
Milwaukee, WI
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