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PatD100

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PatD100

Re: cocktails and dreamz post# 3

Sunday, 05/04/2008 10:24:19 PM

Sunday, May 04, 2008 10:24:19 PM

Post# of 57
Well the loss of ridiculous easy to get mortgages created and allowed by none other than our Federal gov since last summer has been the real killer to the bloated RE market, the "if you could fog a mirror your approved " loans are now gone.

Terms beginning to ease again, howeverr there is still another huge wave of REO's to hit the market by EOY '08. When they dry up spring / summer '09 in my opinion will be key pivotal point to look for and possibly the time to pounce.

OH, nice board idea.
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