The problem began with "liar loans", these are loans that people made that could not afford the payments and soon defaulted. The problem grew when individuals in home loans could afford the loans but walked away because home prices dropped and their loan amount was more than the home was presently worth. Is the problem over? Probably not an end in sight, the latest engender to foreclosures is the increased unemployment.
Alexandra Machado
Property Manager
916.429.1205x700
Home Pointe Property Management
www.HomePointe.com
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