No Down, AS Foreclosures Rise..The Economy will Likely Suffer
This short video clip explores the connection between so many home owners who purchased their home with little or nothing down and financed the purchase with sub-prime loans. The bottom line is that these homeowners are far more likely to default on their loan. Because they can't pay their mortgage, the assumption is that they likely won't really be able to buy other goods and services which will further hamper the economy. This is only the effect that the home owner has, it does not include the effect the banks, losing all this money in defaulted loans, will have.
The other lesson here is that housing decline is not likely to end any time soon. The ripple effect of the defaulted loans should last at least as long as the housing market downturn of the 1990's if not longer.
If you are thinking about selling your home and want to sell quickly and still get the most out of this market, do your research, understand your options, price it right, and sign up for my free e-course. If you want to sell even faster, visit my website http://SDHomeSaver.com and click on the instant cash offer link.
Good luck and I look forward to hearing from you.
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