seller finance: Mortgage Lenders Stand Aside -Seller Finance is the New Bank!
- 02/09/09 07:29 AM
There is little doubt the U.S. economy is faltering and taking residential real estate with it. Almost daily news headlines announce more doom and gloom for the nations housing woes. And it is not just troubles in housing but mortgage lenders are taking a hit. Mortgage approvals are way off as the banking industry cautiously wades in unchartered waters all the while homebuilders are left suffering from the fallout. Builders such as Centex Corp., Pulte Homes Inc. and Hovnanian Enterprises Inc. are walking on eggshells with acres of unsold properties - not for lack of consumer demand but from lenders restrictions on loan aprovals.The real estate … (2 comments)
There is little doubt the U.S. economy is faltering and taking residential real estate with it. Almost daily news headlines announce more doom and gloom for the nations housing woes. And it is not just troubles in housing but mortgage lenders are taking a hit. Mortgage approvals are way off as the banking industry cautiously wades in unchartered waters all the while homebuilders are left suffering from the fallout. Builders such as Centex Corp., Pulte Homes Inc. and Hovnanian Enterprises Inc. are walking on eggshells with acres of unsold properties - not for lack of consumer demand but from lenders restrictions on loan aprovals.The real estate … (2 comments)
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