What's Next? Alt A and Option Arm loans have an alarming default rate prior to their recast, Commercial Paper is next. Check out this 60 Minutes video, I've been watching these statistics for some time now. Finally someone in the media has the backbone to speak about how bad this situation really is. I Also believe from Chaos will come Opportunity! First time buyer rates are approaching record low's and with housing prices predicted to drop 24.9% in 2009 and possibly 5% in 2010, this makes housing affordable again.
First time buyers will be positioned to negotiate & purchase Short Sales. The Government and Banks are realizing that loan modifications are only going to help a select group. Statistics are showing that 36% of those who received a loan mod were in default within the first six months. Reality is that short sales are the only option homeowners & Banks have left to avoid the expense of foreclosure. As you will see in this 60 Minute video we are about to experience more mortgage meltdowns.
If your facing foreclosure or interested in buying or selling in Santa Clarita, we'd like the opportunity to earn your confidence and business. Please view our website at http://www.riccosellshomes.com/ to learn more about us. You can also login into http://www.santaclaritavalleyhomesforsale.listingbook.com/ to monitor the value of your property with a Daily Market Analysis and search for homes. Due to our law enforcement backgrounds we understand how important it is to provide a confidential consultation. Your personal information will be safeguarded at all times.
Please contact Jennifer & Gary Ricco, CDPE's at Keller Williams VIP Properties. 661.290.3837.
Please contact Jennifer & Gary Ricco, CDPE's at Keller Williams VIP Properties. 661.290.3837.
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