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Foreclosures Reach New Highs

Bloomberg News has an interesting post on the recent stats.

The Aftermath of 2005 – The Wild West Of Mortgage Lending

More and more, I am receiving calls from people who have marginal budgets but somehow managed to buy more than one property in 2005. Sometimes they have an ARM, an 80/20, and a non-paying tenant. Some exceed the Chapter 13 secured debt limits which are set too low for the New York region’s higher valued […]

Foreclosures Reach New Highs

Bloomberg News has an interesting post on the recent stats.

The Aftermath of 2005 – The Wild West Of Mortgage Lending

More and more, I am receiving calls from people who have marginal budgets but somehow managed to buy more than one property in 2005. Sometimes they have an ARM, an 80/20, and a non-paying tenant. Some exceed the Chapter 13 secured debt limits which are set too low for the New York region’s higher valued […]