real estate: THE FORECLOSURE BLOOD BATH IS NOT OVER BUT THERE MAY BE HOPE!
- 12/26/08 02:46 PM
We will see a new round of foreclosures by Spring of 2009 as option ARMS get recast and monthly mortgage payments skyrocket. With the continued devaluation of real estate, millions of additional homeowners will find themselves upside down. In many cases, their only option will be to walk away from their "so-called" investment. THERE MAY BE HOPE, HOWEVER. There is a group in Minneapolis who have taken it upon themselves to help at least a few of the families facing this desperate situation: The Hope Now hotline (888 995-HOPE). This is a mortgage-counseling phone line backed by lenders and the federal … (6 comments)
real estate: LET'S FIX THE ECONOMY THE EASY WAY
- 12/25/08 03:00 PM
The Government has bailed out corrupt corporations. They have pardoned felons. They have created business plans for corporate America that will cripple the taxpayer for decades. ...and left in the dust is the man on "main street" trying to raise a family and coach in the local youth program. There is a way to stimulate America, build pride in community and put confidence back into our economic outlook. Banks now have money to lend and mortgage rates are at a historical low, but 50% of potential buyers can't qualify because of their low credit scores...even though their income would support a … (12 comments)
We will see a new round of foreclosures by Spring of 2009 as option ARMS get recast and monthly mortgage payments skyrocket. With the continued devaluation of real estate, millions of additional homeowners will find themselves upside down. In many cases, their only option will be to walk away from their "so-called" investment.
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