What do you think about all the financial crisis going on with the major companies like Lehman Bros, AIG Insurance and Merryl Lynch? How is this going to change the way buyers get financing on homes? How many extra hoops are they going to have to jump through?
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Peace River, SK
Lee, Most of the buyers are going to sit out the market and lose out on some really good deals. There is still plenty of mortgage financing out there. We are routinely selling homes in the 125-200k price range to first time buyers with average credit with only $1,000-2,000 out of pocket.
Robert Kaetzel, Broker
Real Estate Professionals, Inc.
Oct 14, 2008 06:43 PM
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