selling a home: Bought a Home in 2008? You should take a serious look at selling now!
- 01/16/14 11:01 PM
If you bought a home sometime around 2006 to 2008, you saw two very different types of scenarios. On one side we saw ARMS- (Adjustable Rate Mortgages) that allowed the people that otherwise would never have qualified for a Home Purchase, the opportunity to Buy a Home. However as Rates rose, people quickly found themselves under water, and eventually in foreclosure. Banks certainly didn't help the situation, as they closed the doors on lending and in essence watched as their portfolio's started to tank. That is the Horror Story many American's watched happen in Real Time! The much brighter side of … (0 comments)
If you bought a home sometime around 2006 to 2008, you saw two very different types of scenarios. On one side we saw ARMS- (Adjustable Rate Mortgages) that allowed the people that otherwise would never have qualified for a Home Purchase, the opportunity to Buy a Home. However as Rates rose, people quickly found themselves under water, and eventually in foreclosure. Banks certainly didn't help the situation, as they closed the doors on lending and in essence watched as their portfolio's started to tank. That is the Horror Story many American's watched happen in Real Time! 
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