As these markets cool down, we'll begin to see mortgage defaults increase in 2006.
More Quotes from Alexis McGee:
Our research has always shown a correlation between foreclosures and a flattening home price appreciation curve.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 mission has always been to help investors create win-win scenarios that benefit both the troubled homeowner and the investor. The owner in distress saves some equity for a new start, and the investor realizes a profit on the resale of the home. That's far better than having the owner lose everything in an auction on the courthouse steps.
Alexis McGee
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.
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
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