Wave of Foreclosures coming
August 26, 2006 by admin
With millions of adjustable-rate mortgages about to reset this fall, experts expect a wave of foreclosures by Americans in every income bracket. Here’s why they could soar in late 2006 and beyond.
When will the tsunami of foreclosures hit? – Buying a House – MSN Real Estate
It is only a matter of time before people will have to turn in their keys. It’s a sad fact but the adjustable-rate mortgages was a bad idea and Real Estate people were too willing to sell this product. The adjustable-rate mortgages was just a product of the booming real estat market of the past, where people thought valuation would keep going up and rates would stay low.
technorati tags:adjustable-rate mortgages, Foreclosure
Related posts:
- tsunami of foreclosures coming We all knew the outrages adjustable-rate mortgages of the recent past where going to cause big trouble for many Americans....
- Pay option mortgages Next Wave of Default “The next wave (of foreclosures) is coming next year and in 2010, and that is primarily due to these pay-option...
- Foreclosures Reach An All Time High I am back. I took some time off to finish other projects, but now it’s time to really get serious...
- Lenders Move to Limit Foreclosures The [tag]foreclosure market[/tag] is at an all time high. This is bad for [tag]homeowners [/tag]facing foreclosure, its good for people...
- Home Prices Drop In Third Quarter This is a clear sign the housing decline has not reached the bottom. There is another wave of adjustable rate...
- Los Angeles has Fallen All counties are now in negative pricing territory. Los Angeles, the last county in California to have a positive year...
- How SB 1137 Stopped Foreclosures What is SB 1137? It’s a California law that requires lenders to make a series of attempts to contact borrows...




Comments