This is what CBS news Says about our mortgage crisis and it’s future!

http://www.cbsnews.com/video/watch/?id=4668112n

will the problems fix themselves magically?

will banks be nice and fix your problems?

are they in it to help you? or to help themselves?

when was the last time government fixed all your issues?

are you a victim of option arms? or Alt-A( loans that are stated income with good credit score)

this is where the real crisis will begin as most people are stuck with these mortgages and will be foreclosed due to banks unwillingness to take losses on all mortgages to limit the market spiral down and homelessness that will occur in 2009 and 2010.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: