A great many risky loans were issued in California as home prices reached the stratosphere. Interest only and option ARMs were used by many buyers to qualify for homes they could not otherwise afford. That means trouble in the near and intermediate future.
More Quotes from Alexis McGee:
We're seeing reduced price appreciation in the Pacific Northwest, and Alaska although population growth and job growth there remain strong.Alexis McGee
In Delaware, for example, severe job loss is expected as a result of Bank of America's acquisition of MBNA. That will put many households in financial distress.
Alexis McGee
Our research has always shown a correlation between foreclosures and a flattening home price appreciation curve.
Alexis McGee
We teach our investor clients to develop win-win scenarios that will benefit both the distressed homeowner and the investor. The troubled homeowner conserves some equity for a new start, and the investor realizes a reasonable profit. That's much better than seeing the owners lose everything, including their credit, in an auction on the courthouse steps.
Alexis McGee
We teach our investor clients the fundamentals of successful foreclosure property investing, and show them how to create ethical win-win scenarios that benefit both the troubled homeowner and the investor. Our method enables the homeowner to conserve some equity for a new start, while assuring the investor of a reasonable profit on resale of the home. That's a much better solution than seeing the owner lose everything at auction.
Alexis McGee
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Based on Topics: Future QuotesBased on Keywords: stratosphere
Chicago has a strange metaphysical elegance of death about it.
Claes Oldenburg
My peers, lately, have found companionship through means of intoxication - it makes them sociable. I, however, cannot force myself to use drugs to cheat on my loneliness - it is all that I have - and when the drugs and alcohol dissipate, will be all that my peers have as well.
Franz Kafka
Three years ago the Government announced the creation of Reconciliation Place, and said that it would include a memorial to those removed from their families. However, they refused to include any of those who were removed in the design of their own memorial.
Malcolm Fraser