By vanko on November 12, 2009
That dream home in California has become a nightmare. Interest-only loans provided a way for anyone to own a perfect little palace with all the trimmings, but after a few years the rates soared and the payments became too much to bear. Four of the top ten metropolitan foreclosure areas are located in California. But [...]
Posted in Develop Your Skill | Tagged from, preforeclosure, Sales, save, short, woes, you
By vanko on September 18, 2009
As the sub prime mortgage debacle continues to play out across the United States, the Federal Reserve has opted to cut interest rates by half a percentage point, from 5.25. This cut makes all loans relatively cheaper, thereby encouraging a pantheon of economic activity to increase, hopefully in the troubled housing market.
Such tactics have [...]
Posted in Develop Your Skill | Tagged cut, enough, federal, interest, is, Mortgage, prime, rate, stabilize, sub, the, to, woes
