Second Mortgage Disaster on Horizon?
Written by admin on April 17th, 2009. Filed under Uncategorized, bpo, bpo agent, foreclosed, foreclosure, mortgage, mortgage crisis, reo agent, reo broker, reo hampton, reo hampton roads and tagged with Asset Manager, bpo, foreclosure, hampton, mortgage crisis, newport news, poquoson, property, reo, va, virginia, williamsburg, yorktown.==========================================================================
CBS 60 minutes show ran a rather frightening segment on another looming mortgage disaster on the horizon. This new wave of foreclosures supposedly will be coming from mortgage companies and banks abusing a Alt-A mortgage program and a program called an ‘option arm’. I don’t recall hearing about either of these programs so perhaps they weren’t available or popular in our area. I’m skeptical of this report but thought it was worth taking a look at.
Here’s the video.
Troy Deierling, Realtor
REO – BPO Division
EXIT Realty Deierling & Assoc.
Williamsburg, VA
|email| troy@ExitRealtyDA.com
|mobile| (757) 715-4793
|web| www.REOHamptonVA.com
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©2009 Troy Deierling
