LOL...thanks for the humor in the middle of some serious discussion.
$3 TRILLION in ARMS are due to be reset in the next 18 months, and
suddenly people are conveniently forgetting the original terms of
their loans & are now demanding that the mortgage companies make
their "investments" affordable?
Don't worry: Those houses WILL be affordable...the people bright
enough not to overleverage themselves in variable rate debt will be
getting some nice deals in the sheriff sales.
--- In AsburyPark@yahoogroups.com, "theshortsalepro" <[EMAIL PROTECTED]>
wrote:
>
> Have you had a problem with an upward adjusting ARM reset? I'd like
to
> hear from you. Please email me in confidence ([EMAIL PROTECTED]). I'm
> preparing a formal complaint/report for those who siged up for low
> teaser rates...and now are sweating it out.
>
> I'm working to petition major lenders to help ease "sticker shock"
and
> help keep homeownership affordable.
>
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