Tony Marriot was good enough to share the following link to a very interesting story that gives a insight on how we got to where we are now, the link is to a CNBC Special Report called House of Cards: An in-depth look at the housing bust that has upended the American dream
Go to this link for this informative article: http://www.msnbc.msn.com/id/29163182/
Andrew Monaghan
The Monaghan Group
Keller Williams Professional partners
602-308-4660
Andrew I actually own a four-plex with a negative amortization loan. It really is working for me. I had to put down ten percent. In five years it will re-adjust. The total rent will still be higher than the note. I wonder if these people also overpaid and thats why they are in trouble?
anybody interested in the mortgage mess should take a look at the Book of teh same name, I just bought it and it lets us know exactly what happened and why.
Greed and lack of any oversight
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