It is becoming apparent that we will soon know what the government's response will be to the growing real estate mortgage crisis. In this upcoming election year, nobody wants to appear insensitive to homeowners possibly losing their homes, so many knee jerk reactions are being formulated. How will a plan of this magnitude even become close to being fair? As you can see from the chart below, many adjustable rate mortgages are about to reset and foreclosures are expected to increase as … [Read more...]
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