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Beware The Shadow
Thursday, February 18th, 2010 at 3:28pm. 74647 Views, 1 Comments.
For months, we’ve been expecting the next wave of foreclosures to hit the market. With a record number of homeowners defaulting on their mortgage payments, it’s bound to happen sooner or later. According to yesterday’s headlines from Housing Watch, we’ve got a “shadow inventory” of almost 1.8 million homes that are on the brink of foreclosure. Of the 1.6 trillion in existing mortgages packaged into mortgage backed securities by Wall Street, approximately $425 billion worth are “extremely late” on their payments.
Despite the best intentions at assisting distressed homeowners, bad mortgage debt continues to rise with little hope of reigning it in. The tough job market and high unemployment rates serve to add fuel to the economic firestorm. After…
Beware The Shadow
For months, we’ve been expecting the next wave of foreclosures to hit the market. With a record number of homeown... 1Comments Read MoreBuilt for Military Home Sellers
Since the height of the market in the summer of 2006, homes prices across the United States have fallen a great deal. ... Add Comment Read MoreHow Did You Determine That Listing Price?
Successfully selling homes isn’t rocket science. Or, is it? Does a home sell itself, or is smart market... 3Comments Read MoreWe're always on the lookout for talented real estate agents to join our growing team.
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