The Beginning of the Second Foreclosure Wave


The CBS news report shows us that Alt-A and option arm mortgages are just now beginning to reset.  This year it was estimated that 1 million homeowners are in foreclosure…this video shows that we’re looking at 8 million people in foreclosure in the future.

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One Response to The Beginning of the Second Foreclosure Wave

  1. Shawn says:

    It’s weird how you hear some of these things from other circles way in advance of national news. I’ve been hearing about the option arms impending doom for a year or more. Since we’ve gone through one wave of this is time use use that experience and brace or prepare to deal with it. Stay up to date people and work together.

    http://www.inexpensiveinvestinginflorida.com/

    Thanks

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