Ok...A buddie of mine just bought a defaulted house from a bank for less than .50 on the dollar. What about the banks/lenders? 2 trillion+ in ARMS out right now. What happens when these note holders get buried with forclosures? Write this down: If the Govt. does not start bailing people out of these ARM’s, your house will be far less than you can imagine.
I guarantee you that these lenders are BEGGING for help from the govt. It’s worse than you think.
, your house will be far less than you can imagine.The housing market could go down over the next couple of years, if you stay put the market will recover one day. The best move would be to just ride it out.
If we allow our taxes go up they'll never come back down.