THE HOME OWNERS REFINANCING DILEMNA

Home Owners with ARMs coming due are having their hopes for refinancing dashed by low appraisals caused by earlier ARMs coming due on such mortgage types as Option ARMs and Libor Loans, etc..

Local mortgage lenders are seeing a surge in refinance applications as homeowners attempt to escape toxic adjustable mortgages -- but some are finding they are not able to secure new financing because the appraisals on their recently purchased homes have been just at or below their original purchase prices. This a dreadful situation for these folks falling into default, creating a continued increase of "short Sales" and foreclosures. There must be an artful way that the mortgage industry and their investors can step back and find creative ways to bring these folks into some sort of fixed rate so that neither the investors, homeowners or the housing market continue to loose.

Hey...the mortgage industry and their investors surely found ways to create and implement some incredibly creative loans...Option Arms and Libor loans for example!

Le'ts get to work and find some creative ways to stop these "short sales" and foreclosures...they continue to reduce home values causing a snowball effect which makes all parites involved loose money over the long term. Hello, mortgage bankers...wake up and smell your continued future looses and get creative...HUH?!!

the folks at Lantierrealty.com