Unwary borrowers snared in U.S. housing “bloodbath”
April 27, 2007
That’s what I have heard recently. And this is very sad. Just curious how many of you know what I am talking about?
Foreclosure in this country. It’s huge and is getting worse. Some of you know why? For those of you, who don’t know, please keep reading.
In the last year’s mortgage industry exploded with so called “creative mortgage programs” where many of us could afford to own a house. That’s good for many of us but not so good for others. I don’t want to go into details but this what happened in a past has a tremendous impact on what we are facing now.
Foreclosures Just Hit 30 Year Highs and Are Expected to Quadruple in 2007 (and beyond)
Experts are saying that in 2007, over one-trillion dollars in ARM loans (Adjustable Rate Mortgages) will “re-set” causing homeowner’s mortgage payments to go up as much as 30-50%, beyond where many American’s income can keep up, thus causing four to six million American homes to go into foreclosure
I decided to write about this issue for two reasons.
- Let to homeowners know that we have company up there that help them. This company continues to climb to the top and help hundreds of homeowners save their homes from foreclosure without selling.
- Show others that there is a huge demand for people willing to help homeowners in foreclosure.
Anyone who is looking for job, planning to change a career, real estate professionals and loan officers who want to enhance their business.
Everybody is welcome to help with our Mission.
I will be back with more updates on this subject. In a meantime please visit us at
November 25, 2007 at 4:07 am
It’s hard to say that these are “Unwary borrowers”. Unless people are victims of predatory lending people got in over their heads because they wanted a bigger, flashier house then they could realistically afford. Next comes the mortgage bailout, but what about those who planned and saved every penny to always make the payment no matter what, who’s going to reward them?