http://thedemocraticdaily.com/2007/12/28/housing-defaults-take-a-new-turn/ Political News, Progressive Commentary, Liberal Opinions and Common Sense Conversation... Sun, 21 Mar 2010 05:43:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://thedemocraticdaily.com/2007/12/28/housing-defaults-take-a-new-turn/comment-page-1/#comment-3372 Darrell Prows Sat, 29 Dec 2007 19:28:25 +0000 http://thedemocraticdaily.com/2007/12/28/housing-defaults-take-a-new-turn/#comment-3372 One thing that Option Arms did was move some defaults/foreclosures into the future. Some people asking for them needed to get their monthly budget back under control or would have lost their homes then and there. Likely some used this restructuring of their budget successfully, and some only managed to postpone the inevitable. As part of the perfect storm hitting housing and the economy this approach will add more foreclosure homes to the market at the worst possible time, rather than having worked through them gradually over the course of the last couple of years. One thing that Option Arms did was move some defaults/foreclosures into the future. Some people asking for them needed to get their monthly budget back under control or would have lost their homes then and there. Likely some used this restructuring of their budget successfully, and some only managed to postpone the inevitable. As part of the perfect storm hitting housing and the economy this approach will add more foreclosure homes to the market at the worst possible time, rather than having worked through them gradually over the course of the last couple of years.

]]> http://thedemocraticdaily.com/2007/12/28/housing-defaults-take-a-new-turn/comment-page-1/#comment-3351 Grim Way To End The Year « The Krile Files Sat, 29 Dec 2007 00:58:14 +0000 http://thedemocraticdaily.com/2007/12/28/housing-defaults-take-a-new-turn/#comment-3351 [...] Housing Defaults Take a New Turn [...] [...] Housing Defaults Take a New Turn [...]

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