[MineralMan]

"They are dumping all real estate stock ASAP.
"

Ladies and gentlemen: If you are holding real estate investments other than the home you live in, AND you have any of them financed with any sort of tricky mortgage, GET RID OF THEM INSTANTER!

If the home you live in has an ARM, any sort of interest-only mortgage, or any other sort of mortgage that is not a fixed-rate long term mortgage, try to switch it now...well before the reset date.

Am I an alarmist? In this case, yes.

[redgolum]

Heard anything about the couple that bought your old house? If I remember right, you mentioned once that they had an unusual mortgage.

Luckily, any real estate I have is part of a trust in the old family farm. Nebraska farmland has never been part of the property speculation, and since it is the original homestead I doubt the family will sell.

[Larry Lucido]

Good advice from the borrower's perspective, but also remember that each lender has a "loss mitigation" department whose sole purpose is to coordinate workouts to keep a paying borrower in the house as long as possible. A bunch of empty houses doesn't do much for a lender's portfolio.