hi everyone
the question has come to mind with FHA going to 97% are we falling into the same trap that we were in with the sub-prime loans . the seller is now being ask to paid a lot of the closing cost , which mean the buyer on a lot of cases has taken little or no risk as far as putting equity in the house before the purchase.which makes it easier to walk away if that time should come.we also have to be sensitive to the fact the sellers are not builders and for the most part have not figure selling cost into their net. i know its great for everyone to get their own house ,but as Realtors and lenders we must remember how we got the mess that we are in now . times are tough right now but i don't think taking the easy way out to make sales is going to help the current situation . we need to be very careful in what we do for the future.
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