REO / BPO Real Estate Services - SE Virginia » poquoson http://www.reohamptonva.com EXIT Realty - REO BPO Foreclosure Agents Hampton, Newport News, Yorktown, Williamsburg, York County, James City, Jamestown, Poquoson, Gloucester Virginia Sat, 11 Jul 2009 20:46:59 +0000 http://wordpress.org/?v=2.9 en hourly 1 Second Mortgage Disaster on Horizon? http://www.reohamptonva.com/2009/04/17/second-mortgage-disaster-on-horizon/ http://www.reohamptonva.com/2009/04/17/second-mortgage-disaster-on-horizon/#comments Sat, 18 Apr 2009 00:35:12 +0000 admin http://www.reohamptonva.com/?p=127 Post from: REO / BPO Real Estate Services - SE Virginia

Second Mortgage Disaster on Horizon?

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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
|web| www.RealEstateWilliamsburg.com
|web| www.WilliamsburgBroker.com

“When did entering a REO listing in the MLS become ‘marketing’?”
Licensed in the Commonwealth of Virginia
©2009 Troy Deierling

Post from: REO / BPO Real Estate Services - SE Virginia

Second Mortgage Disaster on Horizon?

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