Real Estate Trends

[cocktails and dreamz]

tell me about it....honestly, I worked with a few loans a couple of years ago and I couldn't beleive the thngs people could get. Indeed, everyone plays a role in a situation like this.....the government, individulas, brokers, bankers, Wall Street etc., and I will tell you I got a loan for somebody that was a 125% LOAN!

yes, 125% of their property value! The fact that the loan even existed is disturbing not to mention loans like the NO DOC, Stated Income/Asset, and all those products they used. I saw it then that this could not last!

People were buying houses with zero money in their bank accounts and zero downpayment.

The next year or so will be very interesting especially with. like you say, the next wave of REO's