when to buy: Thousand Oaks Area Real Estate Outlook Fall/Winter 2007
- 11/08/07 02:49 AM
Changes on the horizon to bail out the subprime lending bust could have a positive impact for the overall real estate market. Those who are facing foreclosure may be able to keep their home by refinancing. If these homeowners can avoid losing their home to foreclosure , selling below market, or asking for a short sale, this may help stabilize the declining housing market. It will hopefully halt the chain reaction that is caused when homes with little or no equity go to auction and are not bought by investors and then end up going back to the bank as REO's. … (0 comments)
Changes on the horizon to bail out the subprime lending bust could have a positive impact for the overall real estate market. Those who are facing foreclosure may be able to keep their home by refinancing. If these homeowners can avoid losing their home to foreclosure , selling below market, or asking for a short sale, this may help stabilize the declining housing market. It will hopefully halt the chain reaction that is caused when homes with little or no equity go to auction and are not bought by investors and then end up going back to the bank as REO's. … (0 comments)
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